Greater Minnesota-based Tax Preparation and Planning Services:
We work to help you pay less in taxes as our small business and individual tax preparation clients can attest to. Our business’s 38 years of experience have helped us to offer the best small business self-employed tax consulting services available in Greater Minnesota.
Whether you are an individual, family, or small business looking to pay less tax at tax time, our Enrolled Agents and income tax professionals are on hand to help. Learn how we can help with your tax needs by booking a free consultation with one of our small business tax consultants.
Helping Small Businesses with Tax Planning and Preparation Services
Regardless of whether you are an individual, Sole Proprietorship, LLC, Partnership, or C- or S- Corporation, our Enrolled Agents and tax professionals have the expertise and years of experience to help you with making sure your taxes are prepared to obtain the lowest possible tax liability the law allows. Our Greater-Minnesota-based tax preparation experts know how your taxes affect your cash flow, so we work to help you understand how to best reduce your tax liability. Our small business Tax Agent Services division prepares tax returns of all kinds, so it doesn’t matter what business model your business is organized under, we’re more than prepared to get your taxes done right.
Tax Services for Specific Business Type:
Sole Proprietors (Self-Employed)
Limited Liability Companies (LLC)
While the owner of a limited liability company and the business are considered to be separate entities, LLCs are treated as “pass-thru” entities. That means that taxes are paid at the individual level rather than being exposed to the corporate tax regime. Our Small Business Tax Agent Services help you by simplifying the Tax Preparation Services and work to minimize the tax liability.
General Partnerships (1065)
The internal Revenue Code clearly states that a partnership does not pay income tax. This is similar to how the owner of a sole proprietorship and the business are treated as equals. The various partners in a partnership are expected to divide the liabilities and assets of the partnership according to each partner’s ownership percentage. Our Tax Agent Services for small businesses will help you every step of the way in the tax preparation process.
C Corporations (1120)
Corporations (with a capital “C”) are considered to be entities legally separate from their owners and are expected to pay income tax at the corporate level. Any income remaining after taking into account any losses, deductions and credits is taxed at the individual level also, resulting in double taxation. The tax professionals at Best Tax Pro can help you understand how this process can work to your benefit and help you make the best tax situation.
S Corporations (1120S)
S Corporations are considered to be separate, “pass-thru” entities like Partnerships and LLCs. This means that S corporations are not exposed to double taxation like C corporations. S corporations can be seen as being in a beneficial position when it comes to taxes — our small business Tax Advisory Services Agents can help you maximize the possibilities when it comes to tax time.
What to Expect
Whether you are an individual, or your business is structured as a Sole Proprietorship, LLC, Partnership, or C- or S- Corporation, our tax professionals have the knowledge and experience to help you with preparing your income taxes.