Business Tax & Accounting Services

Tax compliance for businesses requires far more than a standard software program. Federal and state business tax returns involve complex schedules, entity-specific rules, and opportunities for deductions that require professional knowledge to identify and apply correctly.

Myers Tax & Advisory Services Group prepares accurate, complete business tax returns for all common entity types — ensuring full compliance and minimizing your tax burden.

Business returns we prepare:

• Sole proprietor returns (Schedule C)
• S-Corporation returns (Form 1120-S)
• Partnership returns (Form 1065)
• C-Corporation returns (Form 1120)
• LLC returns (taxed as sole prop, partnership, or S-Corp)
• State business income tax returns
• Estimated quarterly tax calculations and reminders
• Depreciation scheduling and Section 179 elections

Choosing the right business structure is one of the most important financial decisions a business owner makes. The entity type you operate under determines how your income is taxed, what deductions are available, your personal liability exposure, and your ability to bring in partners or investors.

We analyze your specific situation — revenue, growth goals, number of owners, and personal tax picture — and provide a clear recommendation with a full explanation of the trade-offs.

Entity guidance includes:

• Sole proprietorship vs. LLC vs. S-Corp vs. C-Corp analysis
• Self-employment tax reduction strategies
• S-Corporation election and filing (Form 2553)
• New business setup guidance
• Entity conversion analysis
• Owner compensation planning (reasonable salary)

Some clients want more than an annual return — they want a trusted advisor who understands their business and helps them make smarter financial decisions throughout the year. Our advisory service provides that ongoing relationship.

• Quarterly financial review meetings
• Year-round tax planning and estimates
• Business decision support (pricing, hiring, expansion)
• Cash flow and profitability analysis
• Exit planning and ownership transition guidance

Accurate books are the foundation of every well-run business. Without clean financial records, tax preparation becomes a guessing game, loan applications become impossible, and business decision-making is flying blind.

We provide monthly bookkeeping services that keep your records accurate, your accounts reconciled, and your business tax-ready 365 days a year.

Bookkeeping services include:

• Monthly transaction categorization and coding
• Bank and credit card reconciliation
• Accounts receivable and payable tracking
• Monthly profit & loss statements
• Balance sheet preparation
• QuickBooks setup, cleanup, and management
• Year-end close and financial summary

Payroll is one of the most error-prone and time-consuming tasks a small business owner faces. Mistakes with payroll taxes can result in costly IRS penalties. We handle your entire payroll process so you can focus on running your business.

Payroll services include:

• Weekly, bi-weekly, or monthly payroll processing
• Direct deposit setup and management
• Federal and state payroll tax withholding and remittance
• Quarterly payroll tax filings (Form 941)
• Annual payroll tax filings (Form 940)
• W-2 preparation and filing (employees)
• 1099 preparation and filing (contractors)
• New hire reporting compliance