S-Corp and Partnership Returns
Brooklyn entity compliance with K-1 support, payroll alignment, and shareholder planning.
C-Corp Returns
Brooklyn corporate tax returns with proactive advisory
Model tax impacts for reinvestment, dividends, and multi-state nexus before deadlines arrive.
- Nexus monitoring for remote staff and warehouses
- Quarterly tax provision support linked to your ledger
- Defensible workpapers for R&D credits and incentives
What you get
- Complete preparation of federal Form 1120 corporate income tax return
- New York State Form CT-3 franchise tax return with detailed calculations
- Multi-state tax return preparation for every state where you have nexus
- Quarterly estimated tax calculations and payment reminders
- Quarterly tax provision support including current and deferred tax calculations
- +9 more included items
Simple process
1Financial statement review and reconciliation
2Fixed asset review and depreciation calculation
3Multi-state nexus analysis and apportionment
+4 more steps
Brooklyn-based CPA
Secure document exchange, same-day acknowledgement, and direct access to your tax preparer.
Comprehensive tax preparation for Brooklyn residents
We maintain a compliance calendar covering estimated payments, extension strategies, and year-end filings across every registered state. Our CPAs coordinate with your finance team to track due dates for federal Form 1120, New York State Form CT-3, and multi-state returns. We monitor nexus triggers including remote employees, warehouse locations, and sales thresholds that may create new filing obligations. We provide quarterly reminders and coordinate extension requests when needed.
Fixed asset schedules are updated with bonus depreciation elections and Section 179 thresholds tailored to your cash flow. We review capital expenditures and evaluate whether to elect bonus depreciation or Section 179 expensing. We track depreciation methods, useful lives, and disposal events. We ensure fixed asset records align with your financial statements and provide detailed schedules for audit support. We also coordinate with your accounting team on book-to-tax depreciation differences.
We collaborate with your finance team to align tax entries with GAAP reporting and investor presentations. We prepare quarterly tax provisions that integrate with your month-end close process. We reconcile deferred tax assets and liabilities and ensure temporary differences are properly tracked. We provide tax footnotes and disclosures for financial statements and coordinate with auditors on tax matters. We also model tax impacts of strategic decisions including acquisitions, divestitures, and restructuring.
We prepare comprehensive federal and state returns with detailed workpapers documenting all calculations. We prepare apportionment schedules for multi-state operations, calculate state tax credits and incentives, and coordinate with state agencies on registration and compliance. We also maintain documentation for R&D credits, work opportunity credits, and other federal incentives that reduce tax liability.
What's included
- Complete preparation of federal Form 1120 corporate income tax return
- New York State Form CT-3 franchise tax return with detailed calculations
- Multi-state tax return preparation for every state where you have nexus
- Quarterly estimated tax calculations and payment reminders
- Quarterly tax provision support including current and deferred tax calculations
- Fixed asset schedule maintenance with depreciation and amortization calculations
- Apportionment workpapers showing sales, payroll, and property factors by state
- R&D credit calculation and documentation with Form 6765 preparation
- Coordination with your finance team on book-to-tax differences and deferred taxes
- Support for federal credits including work opportunity credits and energy credits
- Extension request coordination and deadline monitoring
- Audit support with detailed workpapers and documentation
- Post-filing support for agency notices and questions
- Year-end tax planning and modeling for strategic decisions
Typical scenarios we handle
- Brooklyn C-Corporations expanding operations who need nexus analysis and multi-state registration support
- Tech companies with significant R&D expenses who need R&D credit calculations and documentation
- Manufacturing companies with fixed assets who need depreciation optimization and Section 179 planning
- Companies with remote employees who need apportionment analysis and multi-state compliance
- Growing corporations raising capital who need tax provision support for investor presentations
- Companies with acquisition or divestiture activity who need tax modeling and compliance support
- Corporations with NOL carryforwards who need careful tax planning to maximize utilization
- Brooklyn businesses expanding to other states who need nexus evaluation and registration support
- Companies with international operations who need coordination of domestic and international tax matters
- Corporations with complex capital structures who need careful tracking of distributions and earnings
How we prepare your return
1
Financial statement review and reconciliation
We review your year-end financial statements and reconcile book income to taxable income. We identify book-to-tax differences including depreciation, meals, entertainment, and other timing differences. We ensure all income sources are properly categorized and all expenses are properly documented.
2
Fixed asset review and depreciation calculation
We review your fixed asset schedule and calculate depreciation using appropriate methods. We evaluate bonus depreciation and Section 179 elections and ensure depreciation records align with your financial statements. We prepare detailed depreciation schedules for audit support.
3
Multi-state nexus analysis and apportionment
We analyze your operations to determine where you have nexus for state tax purposes. We calculate apportionment factors based on sales, payroll, and property in each state. We prepare state allocation schedules and coordinate multi-state filings.
4
Tax credit and incentive analysis
We review your operations for eligible tax credits including R&D credits, work opportunity credits, and energy credits. We gather supporting documentation and prepare credit calculations. We ensure all credits are properly documented for IRS review.
5
Return preparation and review
We prepare your federal Form 1120 and all required state returns. We ensure all schedules are complete and all calculations are accurate. We prepare detailed workpapers documenting all entries and calculations.
6
Tax provision coordination
We prepare quarterly tax provisions that integrate with your financial reporting. We calculate current and deferred tax expenses and ensure deferred tax assets and liabilities are properly tracked. We coordinate with your finance team on presentation and disclosures.
7
Filing and post-filing support
We coordinate e-filing of all returns and ensure timely submission. We monitor acceptance and handle any rejections. We remain available to answer questions from tax agencies and provide audit support.
Brooklyn and New York City considerations
- We ensure New York City corporate tax compliance for Brooklyn C-Corporations subject to city taxes
- We coordinate NYC Department of Finance filings and handle any notices related to city tax obligations
- We understand Brooklyn-specific business expenses and ensure proper documentation for local deductions
- We coordinate with Brooklyn-based shareholders on tax implications of distributions and dividends
- We handle New York State franchise tax calculations and ensure proper credit applications for multi-state entities
- We coordinate NYC nexus analysis for corporations with Brooklyn operations to ensure proper city tax registration
- We ensure compliance with New York State and NYC tax rules for C-Corporations, including estimated tax requirements
Frequently asked questions
Can you coordinate with our controller or fractional CFO?
Yes. We hold standing review meetings and share close checklists so the tax provision and compliance calendar stay aligned. We coordinate monthly or quarterly to ensure tax entries are included in your financial statements and all tax deadlines are met.
Do you prepare apportionment workpapers?
We calculate sales, payroll, and property factors to support state filings and document the assumptions for auditors or investors. We prepare detailed apportionment schedules showing how income is allocated to each state based on the three-factor formula or alternative methods.
How do you support federal credits?
We capture supporting documentation for R&D credits, clean energy credits, work opportunity credits, and other federal incentives. We prepare Form 6765 for R&D credits and maintain detailed documentation including project descriptions, time tracking, and expense categorization. We ensure all credits are properly documented for IRS review.
How do you handle quarterly tax provisions?
We prepare quarterly tax provisions that calculate current tax expense, deferred tax expense, and effective tax rate. We coordinate with your finance team to ensure provisions are included in your financial statements. We track deferred tax assets and liabilities and ensure temporary differences are properly reflected.
What happens if we expand to other states?
We conduct nexus analysis to determine where you have filing obligations. We evaluate economic nexus thresholds including sales and payroll thresholds. We coordinate state registration and prepare multi-state returns. We also evaluate whether you need to file composite returns or make estimated payments in new states.
How do you track depreciation and fixed assets?
We maintain detailed fixed asset schedules showing original cost, depreciation method, useful life, and accumulated depreciation. We calculate depreciation for tax purposes and coordinate with your accounting team on book-to-tax differences. We ensure all asset purchases and disposals are properly tracked.
Can you help with tax planning for acquisitions or divestitures?
Yes. We model tax impacts of potential transactions including asset vs stock sales, Section 338 elections, and NOL utilization. We coordinate with legal counsel on transaction structure and ensure tax considerations are properly addressed in transaction documents.
How do you handle NOL carryforwards?
We track NOL carryforwards from prior years and ensure proper utilization. We coordinate with your finance team to ensure NOLs are properly reflected in financial statements. We also evaluate whether NOL limitations apply and coordinate with tax planning to maximize utilization.
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