Tax Planning and Preparation
TAX PLANNING & COMPLIANCE
Tax planning is so much more than filing annual taxes on time. To keep your tax burden low, you need a professional all year round. Abia Royal Consultants build a strong relationship with business owners to develop a tax planning strategy to maximize profits and minimize the tax burden. We consistently stay up to date with the new tax changes and regulations and create new techniques to limit tax liabilities.
As experienced tax accountants, we will design a personal tax plan for each client with the goal to increase profits.
Don’t wait until the filing deadline to get started.
We provide professional income tax preparation services that are affordable, reliable, and on time.
Abia Royal Consultants utilize progressive techniques to minimize every client's tax liability and maximize your refund. We stay updated on tax codes and find ways to keep your money in your pocket.
Tax preparation for individuals
Form 1040 is used by U.S. taxpayers to file an annual income tax return.
BUSINESS TAX PREPARATION
Report your income or loss from a business you operated or a profession you practiced as a sole proprietor or independent contractor
Form 1065: Partnerships
A partnership must file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax. Instead, it "passes through" profits or losses to its partners. Each partner reports their share of the partnership's income or loss on their personal tax return.
Form 1120 S for S Corporation
S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. This allows S corporations to avoid double taxation on corporate income. S corporations are responsible for tax on certain built-in gains and passive income at the entity level.