Let RapidTax help you and your business this year!
Starting this year, RapidTax is offering online business tax return preparation and e-filing. We’ll now be able to further assist existing customers who already use our website to prepare their individual returns. We’ll also be able to welcome new customers with businesses who need to file a tax return. Below are a few questions that you’ll want answered before preparing your business tax return with RapidTax.
What type of businesses can use RapidTax Business preparation?
Your business entity is determined when you register your business with the state you are located in. Our team at RapidTax welcomes four main business entities when it comes to preparing and e-filing business returns. These include the following:
- Single Member LLCs
If you do not fall under one of these business entities or you’re unsure of what type of business you have, feel free to give our tax team a call at 844-CORPTAX (267-7829) to help you out.
Is my State Business Tax Return included?
Yes. It sure is! At RapidTax. we’ve decided that it’s better to UNcomplicate the tax return preparation process and make it as simple as possible. This means eliminating confusion with no additional fees or multiple pricing options. We have two packages for you to choose from; both including state tax returns for your business.
How much will RapidTax cost me compared to a private accountant?
Your return price will not be determined by your business entity. Instead, we base our prices on the services that you prefer to receive. To make it even simpler, we break it down into two packages (as discussed briefly above). While both options provide you with a free CPA consultation, preparation, review of your return and unlimited support, one package goes even further with one of our CPAs signing and e-filing your business return with the IRS. Your business tax return will cost you as little as $299.99. For both package prices and a complete list of services that you receive with each, please visit our business pricing page HERE.
Based on a recent 2014-2015 survey conducted by the National Society of Accountants (NSA), the average prices to prepare a business tax return have been on an incline. Instead of boring you with a plethora of numbers, I decided to give you a visual perspective. As you’ll see below, the average price for a Partnership Business return costs approximately $630. The average price of an S-Corporation tax return is $750 and a C-Corporation tax return can run you about $800! These prices don’t even include the additional state tax return you will be liable to file for your business. Depending on the size of your business, these tax returns have the potential to cost you even more.
Which supporting documents do I need to provide?
While working with one of our CPAs, you may be asked to provide certain documentation that will assist in preparing your business tax return. This is nothing out of the ordinary and you will be provided with a checklist prior to entering any business information on your account. Some supporting documents include:
- income/balance sheet statements
- prior year tax returns
- business expense records
- IRS entity classification acknowledgement letter
- any 1099s, 1098s, payroll information
- other IRS tax documents you may have handy
Why not do it myself?
Having a business of your own is a dream come true. However much truth this statement holds, it doesn’t mean that you have excess time or money on your hands as a business owner. Unless you’re running an accounting firm, preparing your business’ tax return may present itself as a huge time sucker. However, scheduling an appointment with a private accountant may put a strain on this month’s budget.
Give us a call today for a personal consultation with one of our CPAs! We’ll make sure that you aren’t missing out on any deductions or credits available to your business. With RapidTax, you’ll receive quality CPA support at an affordable price.