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2022 Corporate Taxes
Did you know Stage 1 Financial offers professional tax consulting, return preparation and filing services?
Important Income Tax Details
2023 Tax Deadlines
S Corp & Partnerships – March 15th or Sept 15th with an extension filed
C Corp & Personal returns – April 15th or October 15th with an extension filed
Stage 1 commits to all clients to complete taxes by the extension deadlines. If you need your taxes completed sooner, please notify us that you need priority filings (there will be an additional fee).
3 reasons we should do your Income Taxes
- Minimal disruption to your business since we have access to the books already as your accountant
- Expert tax review to make sure all possible tax credit opportunities are captured
- Seamless extension process when necessary
Corporate Taxes
All Stage 1 clients will receive a FREE 15-minute consultation that will result in a personalized tax processing estimate.
Meet with our amazing new Director of Income Tax to review your income tax needs. She is ready and waiting to help get you organized and filed.
Cecilia Webb
Corporate Tax Director
Income Tax Service Offerings
As you prepare to file your taxes we will need to know if any of the following apply to your business:
- Entity Filing (Federal and Home State) (includes up to 10 K1’s)
- Entity Filing (Pre-Revenue)
- Entity Filing additional States
- Delaware Annual Franchise Tax Filing
- Holdings Type Entities (low to no activity)
- Personal Income Tax
- Tax Preparation Support – 3rd Party Preparers
- R&D credit study/ calculation
- Net operating loss carryback calculation
- International Compliance for foreign subsidiary
- International Compliance for Foreign Parent
- FACTA bank accounts filing requirements
- Complex Partnership Waterfall – Initial Setup
- Complex Partnership Waterfall – Annual
- Complex Partnership Waterfall – Update
- Tax Accounting for Acquisition
- Tax Accounting for Acquisition – Valuation
- Tax Strategy/Consultation
- ERA Credits
1099 Filing Services
Service Offers for 2022
Only current partners for whom Stage 1 processes Accounts Payable are eligible for 1099 services.
$400.00 base fee* + $12.00 per 1099
- Stage 1 will review all payees for 2022, create a list of vendors missing documentation and send an approval list to the client before processing.
- 1099’s completed and mailed to vendors
- File and resend 1099 correction requests
*If this is your first time having Stage 1 file your 1099s there will be an additional setup fee of $100 to cover the extra work it will require to set your business up.
Federal Law states fines as: $50 per 1099, if you file within 30 days of due date; maximum penalty of $194,500. $100 per 1099, if you file more than 30 days after the due date but by August 1; maximum penalty of $556,500. $270 per 1099, if you file after August 1; maximum penalty of $3,339,000. Please note these fines are NOT being created by Stage 1, but by the Federal Government. Stage 1 is not responsible for any late filing fines due to client negligence in reporting vendors or unresponsiveness to time-sensitive questions not replied to by clients or their vendors.
Our 1099 service Includes:
Issuing 1099s for all vendors paid from bill.com (ap System) or your checking accounts. Anything paid through Credit Card, PayPal, Venmo, or another merchant processor will be filed by those respective processors.
What we will need for this service:
- W9s for all vendors
- Email addresses for all vendors
- Physical addresses for all vendors
Our Process includes:
We will be conducting a W9 audit on your AP system to ensure we have the above for the vendors you paid. We will be sending out a list of missing information. It is vital that we receive all the data requested back in a timely fashion, as 1099’s are due to be filed by Jan 31, 2023, and time for processing this data is needed.