Business Tax Services
Business Tax Return Preparation
Tax law evolves constantly, and keeping up with it is a time and energy consuming process. Our team stays on top of all pertinent tax changes on a continuous basis, and we use this information to help our clients plan ahead and make decisions that ultimately position their businesses for financial growth and stability. You can rely on our experts at Ramsay & Associates to point out opportunities in the tax code that can benefit your business.
One of the most important aspects of preparing your business tax return is careful attention to detail. While preparing your business tax return, our professionals take the time to cross-reference your general ledger to supporting documents. This helps us to ensure that the data on which the tax return is based is accurate, thereby providing you with an accurate tax return. If differences occur, we help correct your internal records. We offer a free review of the last two years of tax returns to look for errors or missed opportunities.
Corporations
Corporations have strict reporting requirements and need supporting documentation. There is more to
preparing a corporate tax return than entering the numbers in a tax software package. Ramsay experts attend continuing education seminars and maintain quality control standards to ensure the accuracy of your corporate return.
LLCs and LLPs
Reporting requirements for Limited Liability Companies and Limited Liability Partnerships are also rigorous, so accurate supporting documentation is also necessary for their tax returns. The process of preparing a tax return for LLCs and LLPs is very involved, and utilizing the knowledge and experience of our team of experts at Ramsay is a big advantage in these situations. Our accounting professionals stay current on tax law that affects these entities, ensuring the accuracy and thoroughness of your partnership return.
Partnerships
Partnerships are complex entities and taxes for partnerships are even more complex. This is an area of tax law that requires up-to-date knowledge to ensure accurate preparation of your return. Tax filing documents needed to prepare a partnership tax return include: profit & loss statement (income statement), balance sheet, asset records, business use of home documentation and depreciation schedules. Our team of experts can provide all of this for you in a timely and accurate manner in accordance with strict reporting requirements.
Estates, Trusts, & Gifts
This is a unique part of the tax law that needs the specialized expertise Ramsay & Associates has to offer. We work closely with attorneys to help you take advantage of the estate tax laws and maximize your benefits. Gifts and trusts can be used to take advantage of protecting your lifetime assets as well as providing means for passing your assets to your heirs with as little tax effect as possible.
Individuals
A business tax return can affect your individual return so much so that we recommend preparing both returns simultaneously. Tax law is complicated, and it’s easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there is no substitute for the assistance of an experienced tax professional.
Not-For-Profit Organizations
Not-For-Profit tax returns can be quite complicated, and can benefit from experienced help to be sure they are completed properly. These organizations need extensive documentation due to their strict reporting requirements. Working with accounting experts in these situations offers a big advantage and ensures accuracy and attention to detail. Our qualified experts attend continuing education seminars and maintain quality control standards to ensure the accuracy of your not-for-profit return.
Knowledge-based tax planning and projections provide financial advantages for all of our successful business and personal clients at Ramsay & Associates. Tax decisions and tax planning affect many long and short-term decisions that you make as a business owner. Our professional team strives to identify your opportunities, meet your challenges and take into consideration the ultimate affect each decision will have on your company and its financial wellbeing.
At Ramsay & Associates, we combine our training and experience with current technology and processes to take a proactive approach to tax services. By keeping current on new tax law and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities and position your business for success.
Our accountants utilize their expertise and industry knowledge for tax planning throughout the year so that our clients are fully prepared for tax season — with no surprises. We prepare professional tax returns for a wide variety of entities, including corporations, partnerships, trusts, estates, individuals and not-for-profit organizations.
Tax Planning & Projections
IRS & State Audit Help
Experience has convinced our team at Ramsay & Associates that it can be quite costly for a business to rely solely on self-representation when dealing with an audit by state or federal taxing authorities. Tax law is an area where you stand to gain a valuable strategic advantage. Let our team of experts at Ramsay help you understand the facts and resolve the situation as quickly and painlessly as possible. You generally won’t get the best outcome trying to handle a situation with the IRS or state auditors on your own because the government is constantly looking for ways to generate income. Some of the challenges from the IRS or state may be valid and accurate, while others are not. The key is to know the law. Tax law is extremely complicated, but our tax experts at Ramsay & Associates stay constantly informed in regard to tax law so we can help our clients plan for the future or deal with an audit situation today.
Research & Development Credit
Get Cash Back for your R&D Investment – Find Out if You Qualify
Our professionals at Ramsay & Associates can help you determine if you are eligible for federal & state research & development tax credits. Many business owners in nearly every industry are unaware that federal and state research and development (R&D) tax credit programs exist that may reward their day-to-day efforts aimed at producing an improved product. The R&D tax credit is a government-sponsored benefit that provides cash incentives for companies conducting R&D in the U.S. These economic incentives were implemented to stimulate research and development in industries of all sizes, to encourage companies to work together, and to transform the economic landscape.
The R&D tax credit is for businesses of all sizes, not just major corporations with research labs, and many companies are surprised that they qualify. Any company that designs, develops, or improves products, processes, techniques, formulas, inventions, or software may be eligible. In fact, if a company has simply invested time, money, and resources toward the advancement and improvement of its products and processes, it may qualify.
Under current government regulations, even more industries now qualify for the R&D tax credit. Plus, the R&D tax credit regulations allow eligible taxpayers to “look back” to all open tax years (typically three years plus the current year) for potential R&D credits that were never claimed.
More than $5 billion in federal R&D tax credit benefits are given out annually, in addition to those offered by states. Our experts at Ramsay & Associates will assist you with the application and make sure that you maximize your potential benefits from this program.
Schedule a Consultation today!
TESTIMONIALS
What Our Clients Are Saying
"Very impressed with initial consultation - Brady's depth of knowledge, asking the right questions, very professional and yet friendly, the kind of person you want on your side. Highly recommend Ramsay and Associates."
Jeff Vesel
BLOG POSTS
Recent News & Tips



