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Business

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Why LNG?
Business Tax Returns
Business Tax Consulting
Taxpayer Representation
Accounting / QuickBooks Consulting
Financial Statements

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What distinguishes LNG as a Business CPA?

Owning a business presents many tax savings opportunities. A good accounting system supports money-saving tax strategies, good management decisions, and accurate financial statements. LNG Business services include:

• Business Tax Returns

• Business Tax Consulting

• Taxpayer Representation

• Accounting / QuickBooks Consulting

• Financial Statements

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Business Tax Return

• Income Tax Returns
  

  • Sole Proprietorship Tax Return (Schedule C (1099-MISC / Independent Contractor)
  • Partnership Tax Return
  • Limited Liability Company (LLC) Tax Return
  • S-Corporation Tax Return
  • C-Corporation Tax Return
  • State Tax Returns
    
    
• Annual Information Returns (1099's, etc.)
  
  
• Form 571-L County Business Property Tax Return

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Business Tax Consulting

Keep More of What You Earn.

Structure and Run Your Business to Minimize Taxes.

Approach:

• Develop alternatives, both traditional and nontraditional

• Determine how the tax law applies

• Consider non-tax aspects (don't let the tail wag the dog)

• Quantify the likely results of alternatives

• Gray areas: be confident and practical, not fearful

• Final decision: is up to the client

Subject Areas Include:

• Business Purchase or Sale

• Tax Projections

• Quarterly Estimated Tax Payments

• Year-End Tax Planning

• Alternative Minimum Tax

• State Income Taxes / Multistate Business

• Retirement Savings / Qualified Deferred Compensation

• Self-Employed, 1099-MISC, Independent Contractor vs. Employee

• Social Security & Medicare Tax / FICA / Self-Employment Tax

• Automobile Deductions

• Lease vs. Buy

• Travel Deductions

• Meals & Entertainment

• Per Diem

• Fringe Benefits

• Listed Property / § 274

• Research Credit

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Taxpayer Representation

• Audits

• IRS & State Tax Notices

• Installment Agreements

• Offer In Compromise

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Accounting / QuickBooks Consultation

I have set up QuickBooks accounting systems for many companies, and I use QuickBooks in my own business. I focus on setting up a system that is easy to use, supports good business decision-making, and supports the tax strategies that benefit the business and its owners. Additional services include accounting policies to further ensure proper recording of transactions and strengthen the business’ position on its chosen tax strategies.

Many business clients appreciate a quarterly check of the books, which often includes a reasonableness check of account balances; reconciliation of books to payroll tax returns, loan statements / amortization schedules; asset capitalization; and transactions with owners.