TaxSpace provides professional tax and accounting support for individuals, self-employed professionals, and businesses with a wide range of financial needs. From tax preparation and bookkeeping to payroll, consulting, business formation, and tax resolution, our services are designed to help you stay organized, meet filing requirements, and make informed financial decisions. Whether you need help with a one-time tax matter or ongoing support for your business, we take the time to understand your situation and provide clear, practical guidance tailored to your needs.
TAX PREPARATION
Tax Preparation for Individuals and Businesses
We prepare federal and applicable state tax returns, review the information provided, identify relevant deductions and credits, and help clients meet current filing requirements. The exact process depends on the type and complexity of the return.
Tax return preparation for small businesses and organizations based on the entity type, financial records, payroll information, and applicable federal and state filing requirements.
Business Tax Preparation
Preparation of Form 1120 and related federal and state filings for corporations.
Corporation Tax Returns
Preparation of Form 1120-S and shareholder reporting for qualifying S corporations.
S Corporation Tax Returns
Preparation of Form 1065 and related partner reporting based on the business records provided.
Partnership Tax Returns
Preparation of Schedule C and related tax forms for individuals operating an unincorporated business.
Sole Proprietorship Tax Returns
Calculation of estimated payments based on projected income.
Quarterly Estimated Taxes
Preparation support when residency or activity spans multiple states.
Multi-State Tax Returns
Tax return preparation for individuals, families, self-employed professionals, and independent contractors. Support is available for W-2 income, 1099 income, investment activity, itemized deductions, dependents, and other common individual filing situations.
Individual Tax Preparation
Preparation of overdue or previously unfiled tax returns to help clients bring their filing history up to date.
Prior-Year Tax Returns
Corrections to previously filed returns when income, deductions, credits, or other information was reported incorrectly or omitted.
Amended Tax Returns
Tax preparation for independent contractors, freelancers, sole proprietors, and individuals receiving Form 1099 income.
Self-Employed and 1099 Income
Preparation and electronic filing of federal and applicable state income tax returns based on the documents and information provided.
Federal and State Tax Returns
Note: The exact scope, timeline, and fee are confirmed after the initial review of the client's documents and filing requirements.
Review of bookkeeping records before tax preparation to identify missing information or unresolved balances.
Year-End Review
Review and correction of incomplete, duplicated, or incorrectly categorized transactions.
Bookkeeping Cleanup
Initial organization of accounts, categories, and bookkeeping structure based on the needs of the business.
QuickBooks Setup
Bookkeeping Setup and Cleanup
Support for businesses that need to establish a bookkeeping system, correct historical records, or prepare disorganized accounts for ongoing use.
Monthly Bookkeeping Support
Ongoing bookkeeping support for businesses that need recurring transaction review, account reconciliation, and organized financial records. The service scope is based on transaction volume, number of accounts, payroll activity, and the condition of the existing books.
Organization of bookkeeping information to support annual federal and state tax return preparation.
Tax-Ready Records
Preparation of standard financial reports that help business owners review revenue, expenses, and overall financial activity.
Financial Reports
Comparison of bookkeeping records with bank and credit card statements to identify discrepancies.
Bank and Credit Card Reconciliation
Review and organization of business income and expenses using the available financial records.
Transaction Categorization
Note: Bookkeeping may be provided as a standalone service or combined with tax preparation and advisory support.
Accurate bookkeeping helps business owners stay organized, understand their financial position, and prepare for tax filing with confidence. Services are available as ongoing monthly support or as a one-time bookkeeping cleanup.
Accounting and Bookkeeping Services
FINANCIAL SUPPORT
Tax and Business Consulting
Consulting is designed for situations that require individual analysis, planning, or professional guidance beyond the preparation of a single tax return.
Scheduled consultations for clients who need continued support with tax questions, financial organization, business changes, or planning throughout the year.
Ongoing Advisory
Planning support for business owners who want to better understand estimated payments, deductible expenses, payroll considerations, and year-end tax decisions.
Business Tax Planning
Review of income, withholding, estimated payments, deductions, and anticipated life changes to help individuals prepare for upcoming tax obligations.
Individual Tax Planning
Note: The scope of consulting and ongoing advisory services is discussed during the initial consultation and depends on the client's specific situation.
PLANNING AND GUIDANCE
Entity and Business Structure Guidance
Discussion of common tax considerations related to sole proprietorships, LLCs, partnerships, S corporations, and corporations. Legal advice is not provided.
Payroll Services for Small Businesses
Payroll support helps employers maintain an organized process for employee payments, payroll tax calculations, required filings, and year-end reporting.
EMPLOYER SUPPORT
Business Formation and Compliance
TaxSpace assists with the tax and administrative steps involved in starting a business and establishing the accounts needed for ongoing tax and payroll compliance.
STARTING A BUSINESS
Choose and Register the Business Entity
Support with LLC or corporation formation based on the selected business structure and state registration requirements.
Apply for an EIN
Preparation and submission of your EIN application with the IRS.
Complete Tax Registrations
Assistance with applicable state tax accounts, payroll registrations, and other initial tax-related registrations.
Elect S Corporation Tax Status
Preparation support for Form 2553 when an eligible business chooses to request S corporation tax treatment.
Set Up Ongoing Compliance
Guidance regarding common annual, informational, payroll, and tax filing responsibilities following formation.
Annual State Filings
Support with selected recurring state or federal compliance filings.
Assistance with beneficial ownership reporting when required under current federal regulations.
BOI Reporting
Assistance organizing federal and state employer payroll accounts.
Payroll Account Setup
Support identifying and completing applicable sales tax registration steps.
Seller's Permit
Additional Business Filings
Note: TaxSpace provides tax and administrative support. Legal advice, legal document drafting, and legal representation are not provided.
IRS and State Tax Resolution
Tax notices can involve missing returns, unpaid balances, reporting differences, payroll issues, or requests for additional information. We help clients understand the notice, organize the necessary records, and determine the appropriate response.
TAX NOTICE SUPPORT
Do not ignore the response deadline. Send us a copy of the complete notice so we can review the issue, confirm what information is being requested, and discuss the available next steps.
Received a Letter From the IRS or a State Tax Agency?
Review of outstanding tax balances and guidance on available options for resolving unpaid tax liabilities.
Back Taxes
Assistance evaluating eligibility and preparing requests for IRS or state payment plans when appropriate.
Installment Agreements
Assistance reviewing IRS or state collection notices and explaining the appropriate next steps before deadlines expire.
Collection Notices
Preparation and support for penalty relief requests based on the client's circumstances and available documentation.
Penalty Relief
Preparation of overdue federal and state tax returns required to address outstanding filing obligations.
Unfiled Tax Returns
Review of IRS and state tax notices with guidance on deadlines, requested documentation, and available response options.
IRS and State Notices
Send the complete notice and relevant records.
With authorization, we assist with the response process.
We explain the available response or resolution options.
We review the tax period, deadline, and requested action.
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How Tax Notice Support Works
Note: Results are not guaranteed. Available options depend on the client's filing history, financial information, supporting documents, and the requirements of the relevant tax agency.
Tax and Bookkeeping Packages
Combined packages are available for businesses that need organized bookkeeping, annual tax preparation, and varying levels of planning or consultation during the year.
COMBINED SUPPORT
Essential
For businesses that need consistent financial records and annual tax preparation.
INCLUDES:
Get a Quote - Monthly bookkeeping
- Annual business tax return
- Year-end records review
Planning
For business owners who want proactive planning throughout the year in addition to bookkeeping and tax preparation.
INCLUDES:
Get a Quote - Monthly bookkeeping
- Annual business tax return
- Periodic tax planning
- Year-end records review
Advisory
For businesses that want bookkeeping and tax preparation with scheduled opportunities to discuss questions and business decisions.
INCLUDES:
Get a Quote - Monthly bookkeeping
- Annual business tax return
- Two consultations annually
- Year-end records review
Already working with TaxSpace? Refer someone who needs help with taxes or bookkeeping. Once your referral becomes a client and their tax return is filed, you will receive a $50 gift card as a thank-you. There is no limit on how many clients you can refer.
Refer a Client, Get a $50 Gift Card
REFERRAL PROGRAM
Additional
Join the TaxSpace Referral Program
Refer your friends, family members, or colleagues to TaxSpace. Once your referral becomes an eligible client and completes a qualifying service, you'll receive a $50 gift card as a thank you.
What You'll Receive
What You'll Receive
- $50 gift card for every eligible referral
- No limit on the number of referrals
- Existing TaxSpace clients only
Ready to Simplify Your Taxes?
