Las Vegas Business Tax Services

John Reddall is a Las Vegas CPA who works with small business owners year-round, not just at tax time. His practice is built on ongoing relationships where tax preparation, planning, and compliance work together to keep your business on solid financial ground. If you own a business and need a CPA who understands the full picture, including your personal return as part of your business engagement, you’re in the right place.

As an experienced and trusted tax accountant, John Reddall in Las Vegas provides a full range of business tax preparation services.

Small Business Tax Services

We provide tax services in the following four areas:

1. Tax preparation
2. Compliance
3. Tax planning
4. Tax representation

Business Tax Preparation and Compliance

Preparing and filing tax returns is the most common tax service a CPA provides and normally includes personal (Form 1040) and business (Forms 1120, 1120S, and 1065) services.

All individual taxpayers are generally required to file a tax return by April 15th of each year. A return can be extended to October 15 of that year, but it is only an extension to file the return, not to pay the taxes. The taxes must be paid by April 15th, even if the amount owed must be estimated while waiting to complete the return.

Filing Extensions

The only reason to file an extension is if information necessary to file the return is missing, such as a Form K-1 from a partnership. Many tax preparers, including both CPAs and non-CPAs, will extend a large number of returns because they have taken on more returns than they can process by April 15th. This, of course, means that if you are entitled to a refund, you have to wait until after the return is filed (normally 4-6 weeks).

Some preparers will provide tax refund loans in the interim, but be aware that these can be costly, and the loan fees and interest are deducted from your refund when it finally comes.

The best practice is to find a preparer who limits their practice to certain types of returns that meet the taxpayer’s needs and focuses on getting the return done right and on time.

Filing Tax Returns

Businesses are also required to file a tax return each year, but the form and due date will vary depending on the business’s legal classification and year-end. Most businesses have a calendar year-end (December 31), so their tax returns are due on March 15th for partnerships (Form 1065) and S-Corporations (Form 1120S), or on April 15th for C-Corporations (Form 1120).

In both cases, these business returns can be extended: September 15th for partnerships and S-Corporations, and October 15th for C-Corporations. For companies that have a fiscal year-end (any date other than December 31), the returns are due 2 months and 15 days (Form 1065 and Form 1120S) or 3 months and 15 days (Form 1120) from the year-end date, with a 6-month extension if necessary.

Note that sole proprietors don’t file a business tax return, but the business income and expenses are reported on a Schedule C, which is attached to an individual’s tax return, subject to the filing rules mentioned above, in order to determine the tax liability in conjunction with any other income the taxpayer may have.

In almost all cases, the Internal Revenue Service (IRS) requires that tax returns be filed electronically, a service most CPAs provide.

Because your personal and business taxes are closely connected, we handle both as part of an ongoing client relationship, ensuring nothing falls through the cracks and your overall tax position is optimized year after year.

Tax Compliance Services

Tax preparation and compliance are after-the-fact services that ensure returns are properly filed out in accordance with IRS rules, but there is little that can be done to change what has already occurred. This is where tax planning comes into play.

• Reviewing prior year returns and amending them if it would provide a significant benefit, or if a serious error is found that needs to be corrected, or because the IRS has done an audit and requires amended returns
• Preparing past-year returns that haven’t been filed
• Preparing quarterly and year-end payroll returns

Small Business Tax Planning

The real value of a CPA isn’t just filing returns but the ongoing planning that legally minimizes what you owe.

Throughout the year, we monitor your tax position, ensure estimated payments are made on time to avoid penalties, and aggressively identify strategies to reduce your liability based on your income and situation.

The U.S. tax system is pay-as-you-go. If you own a business or have investment income, you likely have a withholding gap. Without proactive planning, that gap can result in unnecessary penalties and interest charges.

We handle all of it, and we’ll push every legal lever available to reduce what you owe.

Some general examples might include:

In the case of individuals

• Using retirement plans to their maximum effect
• Saving for college educations
• Health savings accounts

In the case of a business

• Identifying all ordinary and necessary business deductions
• Planning the tax effects of capital expenditures
• Implementing employee benefit programs
• Potential expenditures to take advantage of business tax credits

Small Business Tax Representation

A tax accountant, or CPA, will represent you in matters before the IRS.

Typical examples would include:

• Audits
• Tax notices
• Requests for waiving penalties (not interest), if qualified
• Suspension of tax collection efforts, if qualified
• Payment arrangements, including offers in compromise, if qualified, for back taxes

A taxpayer may represent themselves in such matters, but it is in their best interest to have a CPA handle this. For a CPA to represent a taxpayer, they must first obtain a signed Form 2848 (Power of Attorney) from the taxpayer and present it to the IRS.

The CPA has a special phone line directly to IRS personnel who are more adept at handling many of these issues than the taxpayer may when calling directly. Further, IRS agents are well-trained and professional and will have much more knowledge than a typical taxpayer, which the CPA can match or exceed.

As a tax accountant, John Reddall can talk to the IRS for you and make sure you are treated fairly and professionally while working out an arrangement within the rules to your best advantage.

Who We Work With

Our tax practice is designed for Las Vegas small business owners who want more than a once-a-year tax filing. We work best with clients who value an ongoing CPA relationship, one where tax preparation, planning, and compliance are all part of the same conversation.

If you operate a business (whether as a sole proprietor, LLC, S-Corporation, or C-Corporation), we’ll handle your business return and your personal return together as part of your engagement. This ensures your personal and business tax strategies are aligned, and nothing gets missed.

We do not take on standalone personal tax returns (Form 1040 only) without a business relationship. This focus allows us to provide the kind of in-depth, year-round attention that business owners need and deserve.

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