Tax Preparation Small Business Tax Preparation & Filing in Kokomo, Logansport, Tipton, Westfield, Greentown, Noblesville, Russiaville, Carmel, IN, and the Surrounding Areas - Trusted Local Tax Support
Running a small business in Kokomo, Logansport, Tipton, Westfield, Greentown, Noblesville, Russiaville, Carmel, IN, and the surrounding areas is rewarding, and it never hurts to have expert assistance with small business tax preparation. At Killingbeck Insurance & Tax Preparation, we have a combined 70+ years of experience with small business tax filing, so we have seen pretty much everything when it comes to taxes and small businesses. We focus on a client-first approach so that everything that we do is geared toward your success. Tax season is often stressful for people as well as businesses, but our team will make your tax season hassle-free and seamless. Contact us today to schedule an appointment and find out how easy it can be.
Startup Tax Preparation Services
Planning, Setup, and Year-Round Guidance
Thinking about starting your own business? It is an exciting time, but working with an experienced expert can really provide peace of mind. We can help provide planning for your new business, including working through the right business structure to have, plus offering year-round guidance for your new small business. Knowing what business expenses you can deduct, how your business will affect your personal taxes, and more are all important.
But it isn’t just tax time that small businesses can use for help. Throughout the year, we can help you to keep track of income and expenses as well as make adjustments so that your tax burden isn’t overwhelming at the end of the year. Proper planning will make tax day just another day of great business.
Tax Preparers, Tax Advisor & Tax Consultant Services
Compliance, Deductions, and Ongoing Help
It isn’t just small businesses that can benefit from a tax advisor. Between various deductions that may be available, plus the compliance and complexities that come with investment options like real estate, our tax consultant services can make a big difference in how much you pay in taxes each year. Our tax preparers can run scenarios with you so that you understand the effects of different decisions that you may make.
Whether you have an established business in Kokomo, Logansport, Tipton, Westfield, Greentown, Noblesville, Russiaville, Carmel, IN, and the surrounding areas, have the goal of opening up your own small business, or just have questions about your personal taxes, our team at Killingbeck Insurance & Tax Preparation is your trusted and experienced tax advisor. Contact us today with your questions and make an appointment to review everything so you are prepared.
Frequently Asked Questions
Where’s my refund?
What do I need to bring?
If you are a new customer, you should bring your ID, social security cards for you and your dependents, your income statements (W-2s, 1099s, etc), a copy of last years return if you have a business or rental property, any other income related documentation.
- Driver’s licenses for IRS identity verification.
- SS card for dependents not claimed before
- Proof of expenses and residence for HoH, new clients
- W-2s from all Jobs, Sickpay and Subpay
- 1099s on: Pensions, IRAs, Social Security, HSA,Unemployment, Savings Interest & Bonds Cashed
- 1099s for Dividends on Stock and Stock Sales, Cancelled Debt, Foreclosures and Condemnations
- 1095A if you had insurance through Obamacare
- 1095B or 1095C on your health insurance
- Other income: Jury Duty, Lottery, Gambling
- Rental or business income and expenses
- Property tax paid for your home
- For renters: rent paid, landlord’s name & address
- 1098-T for College Tuition, also amounts paid for books & expenses
- Student loan interest
- Day Care receipt & information
- K-12 Private or home school expenses
- Estimated tax payments to IRS or State
- Contribution to 529 College Choice
Tax Portal
Drop Off Form
We also offer our drop off service. Simply drop off your tax papers, a preparer will work on your return and call you with any questions.
Business Deductions
For those with small businesses and sole proprietorships we have an information sheet outlining some common deductions.
Advertising – printing materials, ad design, radio/tv/internet ads, business cards, website fees, client gifts
Car and Truck Expenses – mileage driven, must keep a log
Commissions and Fees – membership dues, subscriptions to publications, licensing fees
Contract Labor – Any wages paid to temporary workers
Insurance – expenses for liability, property damage, E&O, malpractice insurance (does not include health insurance or car insurance)
Interest – Any interest on any loans for equipment, property etc. Credit card interest for a business credit card
Legal and Professional Services – legal fees, tax preparation, fees for forming business licenses or designations
Office expense – office supplies including – Postage, printer paper, printer ink, letter head, staples, paperclips, paper towels, toilet tissue, software expense, merchant fees, app fees, credit card fees, office cleaning, office furniture
Rent or Lease – Expenses for renting office equipment, storage rooms, office space, booth rent, etc.
Repairs and maintenance – Expenses associated with maintaining or repair equipment used in your business.
Supplies – Supplies that are necessary for the operation of your business. Any materials used for making products, gas for equipment, hair products (stylist)
Taxes and Licenses – Any business taxes you pay. Also, sales tax, property tax income tax, any fees associated with maintaining a business license or designation.
Utilities – utility payments at property you rent. Cell phone is also a utility, however can only take amount used for business not the entire bill. (If you use the phone for 50% of the time, take 50% of the bill)
Business Use of Home – If you have a designated office space in your home, you make take office expense, can be calculated $5 for every square foot of office space, up to 300 sq feet.
Cost of Goods Sold – Cost of the products purchased for resale.
What does it cost?
We charge based on the forms that we file.
Our simplest returns with 1 W2 start at $89. Additional forms such as earned income credit, child tax credit, dependents, business and rental forms are additional. Individual Returns typically range between $100 – $150. (Rentals and Business will cost more)
Affordable Tax Preparation & Services
You should not have to pay an arm and a leg to get the tax preparation support you need! We offer fair and affordable pricing that is based on the complexity of your return. With returns starting at $89, and individual returns typically ranging between $100-$150, we give you the best rates on tax preparation, year-round. We are also transparent about our pricing, so you will always know what to expect when you partner with us.