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Tax Return Preparation

Preparing your income tax return may leave you more questions than answers. According to the General Accounting Office, most taxpayers benefited from using a professional tax preparer. CCL Tax & Accounting offers accurate and complete tax preparation services to address the needs of individuals and businesses in the intricate circle of income tax. By keeping current on new tax laws and legislation, we are in a position to identify key tax preparation opportunities that minimize both your current and future tax liabilities. Our core responsibility ensures your reported income are properly offset by available deductions and legal credits.

Income Tax Preparation

We provide professional and affordable tax preparation and legal tax alternative for individuals and families, contractors, sole proprietors, and business owners.

• Individual Income Tax Return

• Corporate Tax Return

• Partnership Tax Return

• Estate Tax Return

• Not For Profit Tax Return

• Non-Resident Tax Return

Income Tax Planning and Management

Legally reducing your tax liability is our core responsibility. We compliantly recommend perceptive tax saving strategies to maximize your after-tax income. Individuals and businesses pay the lowest amount of taxes allowable by law at the end of the year and the next.

Personal Income Tax

What You’d Need to File Your Income Tax

Personally identifiable documents for filing your income tax return include driver’s license or state-issued ID and Social Security number. The type of tax documents with your earnings or expense information may vary depending on your activity involvement. This Tax Preparation Checklist may help you to locate and make aware of any tax documents or information you received or should receive, collect, and report for income tax filing.

When to File & Pay Your Income Tax

The tax season typically starts January 2 until April 15. (*Update: 2020 tax season deadline was extended to July 15 due to the Covid-19 pandemic.). April 15 deadline applies to both filing and paying your income tax. Tax returns submitted after April 15 may incur late filing penalties, and unpaid tax balances will start incurring interest. Unsurprisingly, a large number of people will file their taxes later in the season. Therefore, it is recommended to file your taxes early for a prompt preparation and refund.

 Business Income Tax

What You’d Need to File Your Business Income Tax

In addition to the corporate and owner information, you'll need to compile the total business receipts and expenses. Your bank statement is a great place to start. If you're using accounting or bookkeeping software to run business transactions, generating an income statement and balance sheet will help. Though not always, businesses may also receive income tax documents from corporate customers at the end of the accounting period. These financial statements are crucial to preparing a business income tax return.

When to File & Pay Your Business Income Tax

The due dates vary depending on the type of business entity. The filing and payment of a C-Corporation are due by the 15th day of the fourth month following the end of the tax year. It means that if your corporation follows the calendar year (ending December 31), the due date falls on April 15. Whereas, S-Corporation and partnership are due by the 15th day of the third month. Non-Profit organizations are due by the 15th day of the fifth month. Click here if you filed for extension.

Other Taxes

Sales Tax

If you sell property or services that are subject to sales tax, you may be required to collect and report the sales tax to the proper authority. CCL Tax & Accounting, Inc. offers affordable sales tax filing services for businesses. Our trained professionals will file on your behalf and seek applicable sales tax credits. Leave the paperwork to our professionals so that you can focus on building your business.