Tax Preparation

The actual process of effective tax preparation is daunting for most small business owners to think about, let alone manage or execute themselves. Tax laws are constantly changing, and as the owner of a business, you have a responsibility to yourself, your employees, and your local, state, and federal jurisdictions to meet certain tax deadlines or to face penalties, fines, or even lawsuits.

But proper tax preparation isn’t just about avoiding the risks that come with trying to do your own businesses taxes, it’s also about making sure that you take full advantage of the incentives, deductions, and credits that your organization qualifies for. Working with the right accounting team can make sure that you are protected and enjoy the full tax benefits your business deserves. 

When you choose to work with George A. Spencer, CPA P.A., for your business tax preparation needs, you can expect the professionalism and expertise that your business deserves from an experienced, local tax preparation specialist. We will:

• Gather and organize all necessary forms, including your W-2s, SSA-1099s, and more.

• Get all of your applicable receipts together for deductions purposes.

• Gather and organize information regarding your charitable donations throughout the year.

• Inform you of recent tax law changes and act accordingly when filing.

• Request filing extensions on your business’ behalf, if necessary.

• Consult with you about how you want to claim your tax refund if you expect one.

If you have specific questions about your business’ specific situation, needs, or challenges, reach out and get a free consultation.

Tax Planning

Most small businesses we work with for tax preparation help come to us in the fourth quarter looking to get ahead of tax season and act preemptively. In reality, the best way to avoid getting caught off guard and getting dragged into deep piles of tedious tax preparation paperwork is to work with a professional accountant on tax planning well in advance of the end of the fiscal year.

Tax planning is a strategy used by savvy businesspeople and non-profits to maximize the potential financial return for your business by getting well ahead of your taxes with a plan that allows you to make good financial choices throughout the year in order to be in the best possible position come tax season. At George A. Spencer, CPA P.A., we specialize in running tax planning audits and reviews for small businesses so they can work throughout the year to get the most out of their filing.

Sales Tax Services

An important part of every successful business’ tax preparation efforts is making sure that they are accurately tracking and paying their local and state taxes on services and goods throughout the year. In Jacksonville, your generated sales tax is due to be passed on to the proper jurisdictional authorities on a monthly basis. Failing to assess, collect, and pay the proper taxes on time can create some pretty serious complications for your business. Most challenging is that the different levels of government that levy these taxes on business can change annually. If you have questions or concerns about where your organization stands in terms of collecting and paying sales taxes, contact our tax preparation professionals today and avoid making any costly tax-oriented mistakes.