Small Business Tax Preparation
Gray & Associates CPA prepares accurate and timely tax returns for businesses across Texas. From S Corporations and partnerships to LLCs and C Corporations, we help business owners stay compliant while maximizing available deductions.
Business Entities We Serve
Expertise across all small business structures
We prepare returns for S Corporations, C Corporations, partnerships, and LLCs—including single-member LLCs that file with a Schedule C. Our team has experience supporting businesses in many industries, from consultants and contractors to service companies with multiple shareholders or partners. Whatever your structure, we make sure your filings are done right.
S Corp & Corporate Tax Returns
Specialized knowledge where it matters most
Gray & Associates CPA specializes in S Corporation filings, preparing hundreds of 1120-S returns each year, including those due on the September 15 deadline for extended returns. We also prepare C Corporation returns (1120) due April 15, or October 15 if extended. Our expertise includes maintaining shareholder basis, documenting reasonable compensation, and reconciling distributions—all critical details for accurate S Corp reporting.
Partnership & LLC Taxes
Supporting multi-member and sole-owner businesses
We prepare 1065 partnership returns and issue K-1s that allocate income, deductions, and credits properly to each partner. For single-member LLCs, we ensure Schedule C filing is handled correctly and flag when it may be time to consider electing S Corporation status for additional tax savings.
Payroll, Sales Tax, and Other Compliance
More than just annual returns
Many small businesses also face quarterly payroll reports, franchise tax filings, and sales tax requirements. While Texas doesn’t have a personal income tax, it does require an annual franchise tax filing. We guide clients through these obligations, and we can also coordinate with payroll providers or bookkeeping systems to keep your records clean and compliant.
Books in a Mess?
We’ll help clean things up
If your QuickBooks or other accounting records aren’t tax-ready, don’t worry. We work directly with your bookkeeping system or provide clean-up services to ensure your return reflects accurate numbers. This takes the stress out of filing and prevents costly mistakes.
Coordination with Tax Strategy
Tax prep with a forward-looking approach
We don’t just prepare returns—we look for opportunities to improve your future results. That may mean identifying retirement plan contributions, Section 179 equipment deductions, or evaluating whether an S Corp election could save you money next year. This approach blends compliance with proactive planning.
Peace of Mind for Owners
Deadlines met, details handled
From March 15 deadlines for S Corps and partnerships to April 15 deadlines for C Corporations, we ensure nothing falls through the cracks. We file extensions when needed, prepare accurate forms, and stand by our work. You can focus on running your business knowing your taxes are in disciplined hands.
Schedule Your Business Tax Prep
Get started with a consultation today
Contact Gray & Associates CPA to schedule your small business tax preparation. Whether you need a single return filed or prefer an annual service package that includes planning and compliance, we’ll provide a clear path to accurate filing and long-term savings.
