What does business tax preparation include?

Start with a written scope

Business tax preparation should begin with agreement on the entities, tax year, returns and states included. Ask who will provide financial records, who will resolve missing information and what deadlines apply. Your proposal is the best place to confirm what you are buying.

Preparation and bookkeeping are different work

Preparing a return relies on usable financial records. Reconciliation, categorization, correcting prior books and reconstructing missing activity may need to happen first. Ask whether that work is included or separately quoted rather than assuming it is part of the return fee.

Connect the business and owner filings

Tell your preparer about ownership changes, additional entities, payroll and state activity. Explain whether the firm will also prepare the owners’ individual returns. Coordinating the information is useful, but separate returns still need their own agreed scope.

Clarify what planning means

Return preparation reports the tax year. Planning addresses decisions you can still influence. Ask whether the proposal includes estimated-payment discussions, transaction analysis or scheduled planning meetings, and what is charged separately. Do not assume ongoing advisory support is included in a filing engagement.

KFN’s pricing and process

Business returns start at $1,500. Complex businesses receive a custom proposal based on entities, states, ownership, records and required work. Personal returns are $750. We discuss cleanup, amendments and separate planning needs before work begins.

What to prepare for your first call

• Your entity type and any additional entities.
• Approximate business revenue.
• Ownership details and recent changes.
• States where your business operates.
• Your bookkeeping status and any cleanup needs.

Sensitive documents belong in secure onboarding, not an ordinary website message.