What types of business tax returns do you prepare?

We prepare all business entity tax returns including Form 1120 (C-Corp), Form 1120S (S-Corp), Form 1065 (Partnership), Schedule C (Sole Proprietor), and multi-member LLC returns. We also handle franchise tax reports, sales tax filings, and payroll tax returns for Texas businesses.

How much does business tax preparation cost?

Our business tax preparation starts at $750 for simple Schedule C filings and ranges up to $3,500+ for complex multi-state corporate returns. After our initial consultation, we provide a transparent quote based on your specific entity type, number of transactions, and complexity. There are never hidden fees.

When are business tax returns due?

It depends on your entity type. Partnerships and S-Corps are due March 15th, while C-Corps and sole proprietors (Schedule C) are due April 15th. We can file extensions if needed, giving you until September 15th or October 15th respectively. Texas franchise tax reports are due May 15th annually.

Should my business be an LLC or S-Corp?

The right entity depends on your income level, business type, and growth plans. Generally, S-Corps can save on self-employment taxes once your net income exceeds $60,000, but LLCs offer more flexibility. We provide entity selection consulting to analyze your specific situation and can help you convert if beneficial.

What business expenses can I deduct?

Common deductions include office rent, equipment, supplies, professional services, insurance, travel, meals (50% deductible), home office expenses, vehicle costs, and employee wages. We review your expenses to ensure you're capturing all legitimate deductions while maintaining proper documentation.

Do you provide year-round support or just at tax time?

We provide comprehensive year-round support including quarterly tax planning sessions, estimated tax calculations, quick questions via email or phone, and proactive tax-saving recommendations. You work with the same team throughout the year, not just during tax season.

Specialized Bookkeeping for Partnerships & S-Corps

Cloud-based bookkeeping designed for complex entity structures. Accurate basis tracking, K-1 preparation support, and real-time financial insights.

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Why Partnerships & S-Corps Need Specialized Bookkeeping

Standard bookkeeping falls short for complex entity structures. You need expertise that understands your unique requirements.

Common Bookkeeping Challenges

Partner/Shareholder Basis Tracking
Generic bookkeeping misses critical basis calculations needed for K-1s and distributions
Capital Account Maintenance
Incorrect capital account tracking leads to tax compliance issues and partner disputes
Reasonable Compensation Compliance
S-Corps face IRS scrutiny without proper payroll and compensation documentation
Multi-State Allocation Tracking
Missing state-specific revenue and expense allocations creates filing nightmares

The SDO CPA Specialized Approach

Our bookkeeping team understands the intricate requirements of partnerships and S-Corps, ensuring compliance-ready books year-round.

Entity-Specific Expertise: Dedicated team trained in partnership and S-Corp requirements
Advanced Basis Tracking: Continuous monitoring of partner/shareholder basis
Tax-Ready Books: Monthly reconciliation aligned with tax compliance needs
Cloud Technology: 24/7 access to financial data and reports

Transform your bookkeeping

What Makes Our Bookkeeping Different

Purpose-built for the unique needs of partnerships and S-Corporations

Basis Tracking Reports

Partner and shareholder basis calculations are updated with transactions

Distribution Analysis

Ensure distributions align with ownership percentages and tax obligations

Mobile Access

Review financials, approve transactions, and access reports from anywhere

K-1 Preparation Support

Books organized specifically for seamless K-1 generation at year-end

Multi-State Tracking

Revenue and expense allocation by state for accurate apportionment

Management Documentation

Comprehensive documentation meeting IRS and state audit requirements

Comprehensive Bookkeeping Services

Everything you need for accurate, compliant financial records

Partnership Bookkeeping

Specialized services for all partnership structures

Partner capital account maintenance
Guaranteed payment tracking
Special allocation documentation
Partnership agreement compliance
Multi-tier partnership reporting

S-Corp Bookkeeping

Tailored for S-Corporation compliance requirements

Shareholder basis tracking
Reasonable salary documentation
AAA account maintenance
Payroll integration and compliance
Distribution vs. salary optimization

Monthly Reconciliation

Stay current with monthly financial close processes

Bank and credit card reconciliation
Accounts receivable/payable management
Fixed asset tracking and depreciation
Loan and debt tracking
Monthly financial statements

Tax Preparation Support

Books organized for seamless tax filing

Year-end adjusting entries
1099 preparation and filing
Tax provision calculations
Schedule M-1 reconciliation
State apportionment schedules

Financial Reporting

Insights to drive better business decisions

Custom management reports
Cash flow projections
Budget vs. actual analysis
Partner/shareholder statements
Industry benchmark comparisons

Technology Integration

Modern tools for efficient bookkeeping

QuickBooks Online setup/ migration
Receipt scanning and automation
Bill pay integration
Expense management systems
Real-time reporting dashboards

Compare Our Service Levels

Choose the right bookkeeping solution for your entity

Service Features	Core	Growth	Scale
Monthly Reconciliation	✓	✓	✓
Financial Statements	✓	✓	✓
Basis Tracking	Annual	Annual	Quarterly
Multi-State Allocation	✗	✓	✓
Custom Reporting	✗	Quarterly	Monthly
Response Time	72 hours	48 hours	24 hours
Starting Price	$750/mo	$1,500/mo	$3,000/mo

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Partnership & S-Corp Bookkeeping FAQs

Common questions about partnership taxation and our services

How is partnership bookkeeping different from regular bookkeeping?

Partnership bookkeeping requires tracking individual partner capital accounts, basis calculations, special allocations, and guaranteed payments. Standard bookkeeping doesn't capture these entity-specific requirements needed for accurate K-1 preparation.

Do you handle multi-state entities?

Yes, we specialize in multi-state bookkeeping. We track revenue and expenses by state, maintain nexus documentation, and prepare apportionment schedules for accurate state tax filings.

What accounting software do you use?

We primarily use QuickBooks Online for its cloud accessibility and robust features. We can also work with Xero, Wave, or integrate with your existing accounting system.

How quickly can you clean up our books?

Most catch-up bookkeeping projects take 3-6 weeks depending on volume and complexity. We provide a detailed timeline after our initial analysis of your records.

Can you work with our existing CPA?

Absolutely. We regularly collaborate with external CPAs and provide them with organized, tax-ready books. We can also handle the complete tax preparation if preferred.

What documents do we need to provide monthly?

Typically just bank statements, credit card statements, and receipts for cash transactions. We handle the rest through bank feeds and automation. We'll create a customized document checklist for your specific needs.