Sensible Tax Solutions Designed for You
Rogue Tax Professionals offers tax accounting services with the primary goals of minimizing your tax liability and reducing your risk of tax audit. We offer the highest quality of tax accounting services while maintaining competitive rates.
While we serve businesses and organizations of any size, we are particularly suited to assist entrepreneurs or small nonprofits that are in the concept, launch, or growth phase of their business development. With our expertise and guidance, individuals are able to make better choices about:
- Important tax and accounting decisions in order to mitigate tax liability moving forward.
- Avoiding federal or state audits.
- Reflect financial position through the preparation of accurate tax returns & financial reporting.
List of Tax Preparation Services
Whether you are a not-for-profit organization or business, Rogue Tax and assist with your tax planning, preparations, and returns. Contact us for a free consultation when you are ready to learn more.
Non Profit Informational Returns (990)
The Form 990 is perhaps the most complicated return. The IRS requires the most transparency of any other return, however it can also be used as a tool to tout the organization’s accomplishments and to attract donors.
S Corporation Tax Returns (1120S)
The S Corporation is a tax beneficial entity, however it requires more sophisticated accounting and compliance to additional rules. Either way it is usually a win win for the taxpayer and their accountant.
Partnership Tax Returns (1065)
A business that has more than one owner that is not also a corporation is a partnership. If the partner is not a spouse than business owners must file a partnership return, which can be complicated. Partnerships can be tax advantageous because they are very flexible in terms of allocating ownership & deductions. However, all profits are subject to Self Employment Tax.
Sole Proprietor Tax Returns (Schedule C)
A Sole Proprietor is the default designation for a business that has not been organized as either a Corporation or Partnership. It is by far the easiest entity to maintain, requires the least amount of accounting, and is subject to fewer rules than other entities. Earnings from Sole Proprietorships are not considered separate from the owner’s income. The business activity is reported on a schedule C which part of the owner’s individual income tax return; all earnings are subject to Self Employment Tax.
Individual Income Tax Returns (1040)
All monetary benefit received by an individual is considered income and is potentially taxable by the IRS, unless it is explicitly excluded from income; material goods and services are also considered income. Every individual or married couple who has income is required to file an Individual Income Tax Return, unless their income does not reach certain thresholds set forth by the IRS in which case they are not required to file.
Limited Liability Companies (LLC)
A Limited Liability Company is not considered a taxable entity by the IRS. An LLC is a state designation that is taxed as a Sole Proprietorship, Partnership, or S Corporation.
Startup Consulting and Tax Planning
Before the first year of business has been concluded it is very important that business owners meet with a tax professional. A tax professional can provide a business owner with insight on their potential tax liability, and also how to minimize their tax liability. Probably the most valuable service a tax professional can provide is information on how to firs avoid an IRS audit and second how to protect themselves if an audit occurs.
There are a variety of ways a business can be organized, and each business entity has its pros and cons. A tax professional can educate a business owner on which entity would be best for their business, properly setup the entity, and educate the business owner on how to comply with the requirements of the entity.