Tax Services for small & medium businesses

Save tax on business income: error-free tax preparation and planning CPA firm in Michigan

GKR And Associates P.C. provides tax services ranging from basic tax preparation and planning to resolving complex IRS issues. Whether you are an individual, partnership, corporation, or other business entity, with our personalized tax compliance and planning services, we can help you minimize your tax liabilities and maximize your cash flow. We serve the needs of small and medium businesses across Livonia, Canton, Dearborn, Farmington Hills, Novi, Northville, Plymouth, and the surrounding communities in Michigan.

• Tax Preparation for Businesses

• Tax Planning for Businesses

• IRS Tax Problem Resolution

• Sales and Use Tax Payments

• Retirement Plan Tax Returns

Tax Preparation for small and medium businesses (SMBs)

A. Tax Preparation for Businesses in Michigan

Our tax pros prepare your tax returns accurately and file on time. We stay up-to-date with the latest tax laws and regulations to maximize your deductions and minimize your tax liabilities.

Whether you need assistance with business tax preparation or tax planning, we are here to help.

Tax Preparation Services for SMBs Include:

• Business income tax return preparation - all states
• Sole proprietor - Schedule C
• Limited liability company - LLC
• Partnerships - Form 1065
• S-Corporations - Form 1120S
• Payroll taxes
• Quarterly estimated tax preparation
• Amendment of prior year’s tax returns
• Sales and Use tax payments

Stop overpaying your Business taxes! Get Expert Help for your Business Tax Planning

B. Tax Planning for Businesses

Tax laws change regularly, and these changes can often reduce your tax burden. However, to benefit from these changes, you need to be aware of them. Let our tax planning pros stay informed about changes to the tax code and how they affect your situation so that you can focus on your business.

We are dedicated to understanding the latest regulations and applying them to assist your tax planning strategies, ultimately minimizing your financial obligations.

C. IRS Tax Problem Resolution

When dealing with a tax debt pursued by the IRS, professional assistance is crucial. Whether you are facing a levy, lien, or wage garnishment, we will work directly with the government to help you resolve the situation promptly.

We will advocate for your interests in the following tax areas:

• Negotiating a reduced payment
• Negotiating to establish an affordable payment plan
• Filing back taxes
• Resolving payroll tax issues
• Filing non-filed tax prior year returns
• Offer in compromise (OIC)
• IRS audit representation

If needed, our professionals have the expertise to guide individuals through the tax audit process and provide representation.

D. Sales and Use Tax Payments

Sales and use tax payment refers to the process of remitting sales tax collected from customers to the appropriate tax authority. Businesses are required to collect sales tax from customers at the point of sale and remit these taxes to the state or local tax authority on a regular basis.

The frequency of sales tax remittance varies by jurisdiction but is typically monthly, quarterly, or annually. To make a sales and use tax payment, businesses must calculate the total sales tax collected during the reporting period, including any applicable use tax, and submit this amount to the tax authority along with a sales tax return.

Payments can usually be made online through the tax authority's website or by mail with a check or money order. It is important for businesses to accurately calculate sales, remit sales, and use taxes to avoid penalties and interest. We can assist you with the preparation and filing of your sales and use taxes.

E. Retirement Plan Tax Returns

If you have a retirement plan for your employees, get CPA's help with preparing or filing:

• 401(k) - Tax return (Form 5500)
• 403(b) - Tax return (Form 5500)
• SAR (Summary Annual Report)