Guida Jimenez

Tax Services FAQ

We offer comprehensive tax planning and preparation services for both individuals and businesses. Our services include federal, state, and local tax return preparation, tax strategy development, and planning to minimize tax liabilities. We also provide tax compliance services and assist with IRS audits and tax disputes.

Tax planning helps you manage your business’s tax liabilities throughout the year, enabling you to take advantage of available deductions, credits, and tax strategies. By proactively managing your taxes, you can reduce your overall tax burden and avoid costly mistakes.

Based on IRS estimates for Form 1120-s (U.S. Income Tax Return for an S Corporation), the time to prepare and file the return varies significantly based on the complexity of the business. IRS estimation in the form instructions often total over 100 hours for record-keeping, learning, and preparation.

Total Time (Average): For a typical S. Corp, the IRS estimates approximately 60 to 100+ hours total, which includes substantial time for record-keeping.

Record-keeping: ~ 72 hours

Learning about the law or form
Learning about the law or form: ~ 30 hours

Preparing the form: ~ 56 hours

Copying, assembling, and sending:-
Copying, assembling, and sending: ~ 6 hours

Simple Returns: For a very simple S-Corp with limited transactions, a tax professional may take 1.5 to 3 hours to prepare the form, assuming all bookkeeping is already completed.

Complex Returns: If the return includes multiple, complex, or foreign-related financial activities, preparation can take 20 hours to over 250 hours.

Accounting Services FAQ

Our accounting services include bookkeeping, financial statement preparation, payroll services, and monthly/quarterly financial reporting. We help businesses maintain accurate records, ensure compliance with regulations, and make informed financial decisions.

Our team of experienced professionals follows a meticulous process of regular reviews, reconciliations, and audits to ensure that your financial records are accurate and compliant with accounting standards. We also provide customized reports that give you a clear picture of your financial standing.

Consulting Services FAQ

We offer a wide range of consulting services, including business development, strategic planning, financial advising, and operational efficiency. Our team works with you to identify opportunities for growth, streamline operations, and optimize your financial management to support your business goals.

Our consulting services provide tailored strategies to improve your business’s performance, identify cost-saving opportunities, and help you make more informed decisions. Whether you are looking to expand, enhance profitability, or improve internal processes, our team can guide you toward achieving sustainable growth.

Average Time for 1065, 1066, 1120, 1120-C, 1120-F, 1120-H, 1120-ND, 1120-SF, 1120-FSC, 1120-L, 1120-PC, 1120-POL, 1120-REIT, 1120-RIC, 1120-S

HOW CAN WE
HELP YOU?

Contact us at the Consulting Guida & Jimenez office nearest to you or submit a business inquiry online.