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Corporate Tax Services
Business & Financial Solutions maximizes your 2010 tax deductions through its knowledge and database of resources. Income tax systems generally allow a tax deduction for various items, especially expenses incurred to produce income. Often these deductions are subject to limitations or conditions. Tax deductions generally are allowed only for expenses incurred that produce current benefits, and capitalization of items producing future benefit is required, sometimes with exceptions.

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Business & Financial Solutions is a service based company in Rockville, Maryland, serving in the areas of Accounting, Income Tax Preparation,, Sales and Use Tax Preparation, Bank reconciliation services, APs, ARs and Bookkeeping.

Our company's tax preparers assist clients in preserving their wealth through tax and financial planning, including both short and long term strategies BFS provides quality income tax return preparation services for companies and corporations and individual income tax preparation for the partners for the companies. Services are provided in the greater Washington DC Metropolitan Area, and throughout the United States. Business & Financial Solutions has been offering accounting and tax preparation services to individuals and businesses since 2000.

For partners for a company, each should should bring in all their bookkeeping records, so we can process the bookkeeping, Form 1065, state forms, and Personal Income Tax Returns for each partner.

Business & Financial Solutions tax preparers prepare multiple types of business tax returns. If you incorporated your business as a regular C corporation, you use federal tax Forms 1120 or 1120-A to pay income tax and Form 1120-W to pay estimated tax. Estimated taxes are required for a business that expects to pay $1,000 or more, including self-employment tax, when it files its return. If not, it should pay taxes due through income tax returns. Self-employment tax is tax for social security and Medicare, and comes at a rate of 15.3%, which is the total of 12.4% for social security and 2.9% for Medicare. Payment of self-employment tax is required for those whose net earning from self-employment is at least $400. Subchapter S Corporations use Form 1120S to file income tax return to the federal government. Other forms that C corporations may use are Form 8109-B Deposit Coupon, Form 4625 Depreciation, and forms for employment tax, if you have employees.

Business & Financial Solutions exudes a blend of personal service and professional quality expertise in the Washington DC Metro Area. As one of the the major small business accounting firms in Montgomery County MD, BFS offers a broad range of financial and accounting services for individuals and small business owners in the Maryland area, and throughout the U.S. Our Rockville accounting firm provides outstanding service to our clients because of our dedication to the three underlying principles of our accounting services practice: professionalism, responsiveness and quality. Our accounting services include incorporation, sales taxes, web development services, small business bookkeeping, and income tax returns. BFS is the very best choice when selecting the quality service you would look for when shopping small business, partnership and corporate tax returns.

Compliance solutions are proven to increase productivity, create efficiencies, reduce risk, and achieve greater accuracy for corporate tax departments. We offer such solutions to companies throughout the U.S. The use of our compliance solutions helps businesses to manage their workflow, conduct research and planning, collect and manage their data, and defend audits, efficiently, precisely and with confidence. Business & Financial Solutions has found that and ounce of prevention is worth a pound of cure. We will help you set up your corporation, process your payroll, produce quarterly returns, maintain all state requirements, maintain bookkeeping records, and prepare corporate tax returns. Our tax preparers are efficient and thorough in preparation of business and individual tax returns.

Our preparers provide a variety of other tax solutions to common IRS and state tax problems. Please view our site for additional information on Maryland, Virginia Washington DC and other state taxation problems.

Our Rockville office number is (240) 403-0845. or you may email us at: info@bfswebsite.com.

Serving local areas in Frederick Maryland, Prince Georges (MD), Washington DC, Northern Virginia, Montgomery (MD), Baltimore Maryland, Fairfax County (VA), Prince William (VA), Loudoun County, Virginia, Howard County Maryland, Washington County (MD), Anne Arundel (MD), Arlington Virginia, Stafford County (VA) | Nashville, TN | Atlanta, GA

Visit us in Rockville, Maryland (Washington DC Metro Area)

17 W. Jefferson Street, Suite 2, Rockville, MD 20850
Phone 240-403-0845, Fax 301-754-3638

e-mail: info@bfswebsite.com

Montgomery County, MD

Corporate Tax Services