A Full-Service Accounting Firm
Simplifying Your Tax and Business Needs with Expertise and Care.
Avoid penalties with our expert tax services. We ensure TIMELY & ACCURACY. Whether it’s personal or business taxes, our goal is to let you focus on what matters most —peace of mind.
Filing your taxes can seem tricky, but you don’t have to face it alone.
At SVA TAX SERVICES, we simplify tax preparation for clients both in California and beyond. Our tax professionals ensure the process is straightforward and stress-free.
Need to change something on a tax return you’ve already submitted? We’ve got you covered. We can help you amend your federal or state tax returns.
Let us take the stress out of taxes, so you can focus on what you do best.
For solo entrepreneurs and single-member LLCs, tax time doesn’t have to be a headache. Your business taxes will be filed along with your personal return using Schedule C. Accurate bookkeeping is key, but the actual tax preparation process is streamlined and clear-cut.
For multi-member LLCs, Corporations, and S-Corporations, tax compliance starts with meticulous bookkeeping. Ensure you have all payroll and owner details up to date for hassle-free business tax filings. Our expert team ensures compliance, maintaining accuracy in your company’s tax obligations.
Overview: A separate legal entity that provides liability protection and the ability to issue stock.
Benefits: Attracts investors, enhances employee recruitment through stock options, and increases credibility.
Formation Steps: Reserve a business name, appoint a registered agent, and prepare and file Articles of Incorporation.
Tax Filing: Enables you to file taxes even without a Social Security Number, ensuring you meet your tax obligations.
Overview: A special type of corporation that meets specific IRS rules, allowing the income, losses, deductions, and credits to pass through to shareholders for federal tax purposes.
Benefits: Eliminates double taxation of corporate income, protects assets, and may reduce self-employment taxes by allowing shareholders to be treated as employees.
Formation Steps: Must first incorporate by filing Articles of Incorporation, then file IRS Form 2553 to elect S-Corp status, adhering to IRS requirements such as having only allowable shareholders, and maintaining a single class of stock.
We assist you through every phase of your business’s lifecycle, ensuring that each step conforms to legal and tax requirements, thereby safeguarding your interests and maximizing your financial outcomes.
An Individual Taxpayer Identification Number (ITIN) is vital for foreigners in the U.S., providing key benefits similar to those of a Social Security Number. This nine-digit identifier is available to individuals who do not qualify for a Social Security Number, regardless of their immigration status. The ITIN allows you to fulfill tax obligations and access essential financial services in the United States.
Starting or dissolving a business comes with complex steps that are often overlooked. At SVA TAX SERVICES, we guide you through selecting the optimal business structure, managing legal obligations, and ensuring tax efficiency from your business’s beginning to its end.
Overview: The simplest form of business where one person owns and operates everything.
Advantages: Easy setup and complete control.
Challenges: Personal liability for debts and lawsuits, difficulties in raising capital, and self-employment taxes.
Building Your Business: Utilize a DBA to operate under a business name, secure necessary licenses, and consider liability protection strategies. It also allows your to open a separate business bank account.
Overview: Offers personal liability protection with less complexity than a corporation.
Benefits: Protects personal assets, easier setup compared to corporations, and flexible tax options.
Formation Steps: Choose a business name, appoint a registered agent, file Articles of Organization, acquire necessary licenses, draft an operating agreement, and obtain an EIN.
Overview: A separate legal entity that provides liability protection and the ability to issue stock.
Benefits: Attracts investors, enhances employee recruitment through stock options, and increases credibility.Also, it allows easier ownership transfer and investor attraction.
Formation Steps: Reserve a business name, appoint a registered agent, and prepare and file Articles of Incorporation.
Tax Filing: Enables you to file taxes even without a Social Security Number, ensuring you meet your tax obligations.
Overview: A special type of corporation that meets specific IRS rules, allowing the income, losses, deductions, and credits to pass through to shareholders for federal tax purposes.
Benefits: Eliminates double taxation of corporate income, protects assets, and may reduce self-employment taxes by allowing shareholders to be treated as employees.
Formation Steps: Must first incorporate by filing Articles of Incorporation, then file IRS Form 2553 to elect S-Corp status, adhering to IRS requirements such as having only allowable shareholders (no more than 100), and maintaining a single class of stock.
Dissolving any business entity involves a series of legal steps to ensure that the entity ceases to exist in compliance with state and federal laws.
Steps: File Articles of Dissolution, settle debts, distribute remaining assets, and cancel permits and licenses.
Important Considerations: Ensure all tax obligations are fulfilled and final tax returns are filed, stating that they are the final return.
At SVA TAX SERVICES, we assist you through every phase of your business’s lifecycle, ensuring that each step conforms to legal and tax requirements, thereby safeguarding your interests and maximizing your financial outcomes.
Every business needs an EIN for various operational and legal reasons. Our services streamline the application process, helping you quickly obtain your EIN to facilitate tax filings, open bank accounts, and establish business credit.
Legal Compliance: Mandatory for federal tax filings and managing employee payroll.
Business Banking: Essential for opening bank accounts and securing business loans.
Identity Verification: Functions as the federal identity for your business, similar to how a Social Security Number works for individuals.
Consultation: We assess whether your business requires an EIN and guide you through the prerequisites.
Application Processing: Our team expertly handles the filing, ensuring accuracy to prevent delays and common errors.
Post-Application Support: Once your EIN is issued, we assist with any further requirements like acquiring state tax IDs.
A Full-Service Accounting Firm Simplifying Your Tax and Business Needs with Expertise and Care.
Your Priority, Our Mission! Simplifying Your Tax and Business Needs with Expertise and Care.
At SVA Tax Services, we are more than your accountants; we are your partners in achieving your financial peace of mind. Let us handle the numbers so you can focus on what you do best.
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