Tax Services

Tax Preparation Services

Whether it’s a personal or business tax return, our CPA and tax advisor here at Main Street Accountancy will thoroughly review your documentation and talk through any tax position we propose to ensure the accuracy of any return and mitigate any potential issues. You’ll get the support and experience required to guarantee compliance with tax laws and the accuracy of your return while minimizing your tax exposure.

We provide:

Individual income tax preparation for both US residents and non-residents
Preparation of business income tax returns with various legal structures & tax treatment election
- Sole proprietorship & single-member LLC using federal form 1040/Schedule C
- Multi-member LLC using form 1065/1120 or 1120S
- Corporations using form 1120, 1120S, 1120H & 1120 IC-DICS and all applicable state forms
Preparation of tax returns for clients with complex tax situations including
- Multi-state returns
- Employer’s stock transactions such as ESPP, RSU, ISO, etc
- 1031-exchange
- Investment in opportunity zones, real estate investment
- R&D credit, cost segregation
Preparation of specialty tax returns for trusts, estates, gift taxes, foreign gifts, and form 5500 series for retirement plans.

Audit Assistance & Representations

The Internal Revenue Service may randomly pick a return or systematically select a return due to certain trigger events or red flags for audit. That may happen to any taxpayer at any time.

In the event you receive a tax audit or examination letter for your business or personal tax returns, regardless of whether they were prepared by us or another tax professional, you can have complete confidence that our experienced tax professionals here at Main Street Accountancy can provide the support you need to make the process as painless as possible. By taking a proactive approach, our team of CPA and Enrolled Agent can handle the entire process and represent you before the IRS or any state tax agencies so that the most beneficial outcome can be achieved.

Tax Consulting & Planning

Proper planning is the key to successfully reducing your tax liability within the tax laws and guidelines, so we go beyond tax compliance to proactively recommend tax-saving strategies catered to your specific circumstances.

Accounting

A business at any stage in its life cycle needs to have an effective bookkeeping system to organize, classify and maintain its financial records. At the same time, businesses may also need accounting professionals to help analyze information and prepare financial reports for tax planning, income tax filing, supporting any loan applications or satisfying any financial covenant provision that may be required by lenders.

Accounting & Bookkeeping

As expert QuickBooks users, we can help take care of your bookkeeping for a fraction of the cost of having an in-house bookkeeper or accountant. In addition to that our experienced accounting professionals can provide you with comprehensive reports and un-biased opinion or recommendations when you need, all the benefits of an accounting department without the expense.

Full Service Payroll

We offer full-service payroll and we mean it. In other words, we handle the initial setup, take care of all data entry, review and approve payroll on your behalf. Even if you want to make an adjustment after a payroll run is approved, you don’t have make any phone call to any toll-free number and waste your valuable time because that’s on us.

Flat Rate with no hidden cost & fees

Specifically, you’ll pay a flat monthly rate plus an extra charge by the number of employees in excess of a certain threshold you and Main Street Accountancy agree / have agreed on. You will not be billed for quarterly and annual payroll tax filing nor issuing form w2’s.

Cost-Effective

Our payroll service eliminates the burden of maintaining a payroll system or headcount to process payroll, freeing up your valuable time so that you can focus on your business success.

24-Hour Access

Using a mobile app or online, our secure platform allows your employees to access their paystubs 24 hours a day. As the owner, you can access comprehensive reporting whenever needed, whether in the office or on the go.