Tax Preparation Services
CPA Tax Preparation in Richmond, VA
Tax preparation should connect the documents, books, entities, fiduciary records, and planning history behind the return. The RVA Accountant prepares individual, business, entity, estate, trust, and investor tax returns for Richmond-area clients who need more than basic DIY software.
Who This Is For
This service is for individuals, high earners, business owners, LLC owners, partnerships, S-corps, estate and trust fiduciaries, and real estate investors with tax filings that need CPA review and organized documentation.
What the RVA Accountant Handles
- Individual Form 1040 Tax Returns
- Schedule C and Single-Member LLC Tax Reporting
- Partnership Form 1065 Returns
- S-Corp Form 1120-S Returns
- Estate and Trust Form 1041 Income Tax Returns
- Beneficiary Schedule K-1 Coordination
- Real Estate Investor Tax Returns
- K-1, Rental, Multi-State, and Business-Owner Return Coordination
Common Complexity Triggers
Tax preparation becomes more complex when you have K-1 income, rental properties, estate or trust income after death or during administration, multi-state income, business ownership, equity compensation, notices, penalties, or bookkeeping that is not ready for filing.
Tax Document Checklist
Bring or upload the records that match your situation:
- Personal: W-2s, 1099s, Mortgage Interest, Charitable Records, Estimated Tax Payments, Notices, and Prior-Year Return.
- Business: Profit and Loss, Balance Sheet, Bank Reconciliations, Payroll Reports, Owner Contributions and Distributions, and Business Mileage or Vehicle Records.
- Rental Property: Property-Level Income and Expenses, Mortgage Interest, Taxes, Insurance, Repairs, Improvements, Closing Statements, Deposits, and Mileage or Travel Records.
- S-Corp/shareholder: Payroll Reports, W-2, Shareholder Basis Details, Accountable Plan Reimbursements, Distributions, and Year-End Financial Statements.
- Estate or Trust: Fiduciary Identification Details Where Applicable, Trust or Estate Income Records, 1099s, Deductible Expenses, Distributions, Beneficiary Information, Schedule K-1 Details, Prior Returns, and Fiduciary Correspondence.
Tax Preparation Versus Tax Planning
Tax preparation reports what already happened. Tax planning reviews decisions before year-end so payroll, estimates, documentation, retirement contributions, and entity questions can be addressed earlier.
FAQ
What Business Tax Returns Do You Prepare?
The firm supports business returns such as Schedule C, partnership, and S-corp returns when the books and supporting documents are ready for preparation.
Do You Prepare S-Corp and Partnership Returns?
Yes, S-corp and partnership returns can be prepared when entity records, books, payroll, ownership information, and K-1 details are available.
Do You Prepare Estate and Trust Income Tax Returns?
Yes, estate and trust income tax returns can be prepared when fiduciary records, income documents, deductions, distributions, beneficiary information, and Schedule K-1 details are available. This is income tax return preparation, not legal estate planning, probate administration, or estate tax Form 706 work unless separately reviewed and approved.
Can You Help If My Books Are Not Ready?
Yes, but bookkeeping cleanup may need to happen before the return can be completed. That work is separate from tax preparation.
When Should I Move from DIY Tax Software to a CPA?
Consider a CPA when you have business income, rental property, K-1s, multi-state activity, entity returns, notices, penalties, or planning questions that software does not resolve clearly.
If your return involves business, entity, estate, trust, investor, or high-income tax details, start your tax preparation intake early.
With the rapid advancements in the technology of tax software, most of us have become do-it-yourselfers. This makes sense in most cases, but not when it comes to individual or business tax preparation. Entering a few numbers into the latest tax software might be quick and easy, but it could end up costing you hundreds or even thousands of dollars if you make a mistake. Don’t take chances with your tax return, trust a real person to prepare your taxes. Contact our Richmond, VA Firm now.
We’re your best choice for tax preparation in the RVA area because we keep up on all the latest revisions and updates to the State and Federal tax regulations. We’re constantly searching for new tax breaks and deductions we can use to save our clients money on taxes. From personal income tax returns to business tax preparation services, we work hard to minimize tax liabilities for all of our clients.
Business Tax Services
When you turn to us for tax services, you’ll receive top-notch customer service, always. We will happily answer your questions and will always respond to your emails and phone calls promptly. Request a consultation through our website today or give us a call at 804-923-4286 to get started.
Business tax preparation – LLCs, Partnerships, S Corporations, Sole Proprietorships
Tax returns for high net worth individuals
Estate tax returns