Our Additional Business Tax Return preparation service is specifically designed to fit the needs of the craft brewery owners we work with to cover your tax filing requirements for other businesses you own or operate, using our knowledge of your goals and core business.
How It Works
It’s often the case that you have additional business entities beyond your core brewery business that you’re required to file an income tax return for each year. For example, these may include:
- A separate distribution entity.
- A real estate or investment holding company.
- Other operating businesses you hold unrelated to your brewery.
Our goal is to make the filing process as easy as possible. In doing so, we’ll also apply the expertise and talent within the SBS Tax Team to maximizing tax savings with business income from one or multiple entities all while minimizing hassle and interruptions to your schedule.
Service Options
In order to appropriately quote any additional business tax return filings you may need, we’ll assess:
- The type of entity and activity level during the year. Pass-through entities and holding companies are straightforward and inexpensive to handle. Businesses with significant transactions and income will require our standard business return processes to be applied.
- Any additional cleanup work needed. We’re happy to handle cleanup work prior to return filing as well. If you need this work done, please indicate so and we’ll reach out to assess the level of cleanup needed.
Below you’ll find example pricing depending on your additional business type. All returns include both a Federal and State (where applicable) Income Tax Return as well as full access to the Tax Team for questions.
| Type | Price | Cleanup Fee | Description |
|---|---|---|---|
| Low Activity | $250 | None | Business entities that had no income or significant activity, but still require a return to be filed. |
| Holding Company | $1,500 | Typically $0 to $1,500 depending on state of books | Applies to holding companies (primarily real estate) that take in simple income with minimal expenses. Sometimes also applicable to pre-revenue startups that need a return filed. |
| Standard Business | $2,500 | Typically $0 to $3,000 depending on state of books | Applies to straightforward operating entities with a simple income and expense structure (e.g. a design studio, law office, etc.). More complicated businesses will require custom pricing. |
If your business falls outside of these categories, we’re happy to assess and provide a custom quote. As part of our quoting process we’ll ask for a prior year return as well as some additional information about the business and the state of the books to confirm pricing.
There is little worse than having to rush through finding documents or looking up information the week before March/April 15th. With the following return timeline (depending on entity type), we will be in constant contact with you throughout the information collection period. This will ensure that your information is where it needs to be, when it needs to be there.
If you’re filing for an S-corporation or partnership, in order to adequately prepare your tax return by the March 15th filing deadline, we’ll need you to upload all required documentation by February 15th. If you’re filing for a C-corporation, we’ll need all documents uploaded by March 1st. If those dates are not feasible, or we don’t receive documentation by the deadline, we’ll extend your return and file as soon as we can after the deadline, and at a minimum before the following September or October 15th extension deadline.
Amendments and other prior year tax work will be treated on a rolling basis. Often this work will be built around the filing schedule for your core business, so the timeline dictated above can act as a rough guide for processing amendment work as well.