Having a successful business relies on making smart financial decisions, whether you’re an LLC or part of a thriving corporation. Most business owners consider how to reduce costs and maximize revenue, but they often forget the impact a high tax burden can have on success and profitability. That’s why it’s important to have an experienced, knowledgeable Durham CPA on your side who can not only reduce your tax payments but strategically plan for the future. Steward Ingram & Cooper PLLC offers business tax preparation in Durham that you can rely on to solve your complex tax issues, ensure accuracy, and reduce your tax burden ethically.

Business Tax Preparation

If you’re trying to run your business, you simply don’t have the time to devote to tax preparation. Just as important, unless you’re knowledgeable of the tax code and are up-to-date on the frequent changes and updates, you may end up with a hefty payment that cuts into your profits. Having a CPA to take over your taxes not only frees you up to focus on your business operations, we can often find deductions and advantageous strategies to minimize how much you are paying out in federal, state, and local taxes.

How We Serve Businesses in Durham, NC

We provide comprehensive tax preparation and accounting services, including preparing annual and quarterly taxes and filing them on your behalf. We also offer bookkeeping and accounting services to help you through the year, such as financial statement preparation and cash flow management.

Tax Planning for Businesses

In addition to preparing your annual and quarterly tax information as needed, our CPA firm in Durham also provides consultation and tax planning services. Investing in your business, hiring employees, creating retirement accounts for your employees, and donating to non-profits and charitable organizations can all affect your taxes. We will sit down with you to determine how to best meet your financial goals while minimizing your tax burden.

Our tax planning and consultation also includes merging income and deductions from a sole proprietorship or LLC into your individual or personal tax returns. We can also work with you to resolve tax issues related to returns from previous years.

Why Choose Us for Business Tax Preparation?

Steward Ingram & Cooper, PLLC has been a trusted CPA firm in the Triangle since 2000. We offer comprehensive tax services and consulting for both businesses and individuals, including those with high net worth and complicated holdings. We don’t just prepare taxes, we sit down with you as a trusted advisor, providing you with personalized guidance that is designed to help you meet your financial goals and put you and your business on a path toward long-term financial security.

Business Tax Preparation: Frequently Asked Questions

How often should I file a sales tax return for my business?

There is no one shoe fits all answer to how often you need to file your taxes. Your filing schedule depends on the total amount of sales your business collects. If your business collects less than $100 per month in sales tax in Durham, then your business should file on a quarterly basis with approval from the secretary of state. If your business collects more than $100 in sales tax per month, then your business should file on a monthly basis.

What are the monthly business tax filing deadlines in North Carolina?

For monthly filing, all North Carolina tax return deadlines fall on the 30th day of the month, unless it is a weekend or federal holiday. If the 30th day of the month falls on a weekend or federal holiday, the tax return deadline falls on the following business day.

What are the quarterly tax filing deadlines in North Carolina?

prepared to pay at the end of each quarter. 

Q1 (January – March): Due April 30
Q2 (April – June): Due July 31
Q3 (July – September): Due October 31
Q4 (October – December): Due January 31

Do I need to file a tax return for my business if I have no sales tax to report?

Yes you should always file sales tax even if it is a zero return. North Carolina law requires all businesses to file a sales tax return even if there is no sales tax to report for both quarterly and monthly filing.