See how BNS Partners can help you with all your tax and accounting needs. Contact us today or a FREE quotation.
We understand the challenges that small businesses are facing today. In order to be successful, every business owner needs access to accurate and timely financial accounting information. With our guidance you will have all the financial information you need to make the right decisions for the short and long-term success of your business.
Our firm will take the time to get to know your business so we can become a true partner in your success. We provide a range of small business accounting and bookkeeping services that can be personalized to meet your specific needs.
Our bookkeeping services include:
monthly data entry and review
bank/credit card reconciliation
generating P&L and Balance Sheet reports
quarterly estimated tax calculation and vouchers
journal entries for transactions such as loan, fixed asset acquisition or payroll
INCOME TAX PREPARATION & FILING SERVICES
Preparing your own income tax return can be a burden that leaves you with more questions than answers. Also, whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional. BNS cpas will show you potential deductions to limit your tax liability every year.
Our income tax filing services include:
Business Income Tax Returns for C corp/S corp and partnership
Individual Tax Returns for W-2 and 1099 receivers and single-member LLC and sole proprietorship.
Property Tax Returns
Sales Tax Returns
Payroll Tax Returns
Our payroll services help small and medium-sized businesses with their payroll processing and tax filing/reporting. you can rely on us to pay your employees and deposit payroll taxes accurately so you can focus on growing your business.
NEW BUSINESS FORMATION
We can assist you with business start-up, incorporation and entity selection services.
Our CPAs have the experience to help advise and guide you in choosing the best business entity to meet your short and long term goals. Many businesses are formed without the owner ever really considering the implication of each entity type. Selecting the wrong type of business structure can result in unnecessary taxes, increased liability and other consequences.
We consider all the factors including asset protection, your personal liability, state and local laws, future growth and how to minimize your taxes. With our guidance and support you will be able to choose the best legal form of business organization so you can minimize your future tax obligations and grow your new business.
TAX PLANNING & CONSULTATION
Diligent planning is essential to keeping tax obligations low for all kinds of small businesses.
Don’t wait till the end of the year, start planning next year’s tax strategies today by working with BNS Partners, LLC. Our CPAs are highly experienced in tax planning and compliance for small businesses. We understand how tax regulations apply to businesses in various industries and how to implement tax planning methods that will reduce your liability. The tax laws change constantly so we make it a point to be keenly aware of how updates and revisions could affect your business. And if you’re starting a new business, we can identify which business structure will afford the highest tax savings as your business grows.
We also provide income tax planning for individuals and will find ways to minimize your income taxes. With our assistance, you'll keep more of what you earn at tax time and will feel confident that you've taken advantage of all applicable tax breaks.
IRS BACK TAXES & RESOLUTION SERVICES
IRS Audit Assistance
If you’ve received a tax audit notice from the IRS, contact us immediately. We’ll clarify what it means, outline the next steps, and explain what to expect throughout the process. With an experienced CPA on your side you can feel confident that any discrepancies uncovered on your tax return will be dealt with quickly and fairly.
If confusion over missing forms, complicated paperwork or financial hardship has kept you from filing your taxes on time, turn to BNS Partners, LLC. We'll work with you to file your delinquent tax returns and minimize any tax penalties.
IRS Liens and Levies
Failing to pay your back taxes can result in a lien on your assets or even a seizure of your personal property by the IRS. If you've received a notice of a lien or levy, contact us right away and we'll work with the IRS to negotiate a reasonable payment plan to pay off your tax debt.
If you owe the IRS money they may garnish your wages to pay the tax debt. If you fear the IRS may come after your paycheck, contact us for assistance and we'll work with them to arrange a payment plan instead.
Offer in Compromise
An offer in compromise (OIC) allows a taxpayer to resolve a tax debt by convincing the IRS to agree to accept less than the full amount owed. We can determine if you qualify and prepare the documentation required by the IRS.
If you’re up to date on your tax returns but don’t have the funds to pay off your tax bill, an installment agreement may be the solution. An installment agreement lets you pay off your tax debt over time.