Beseril Accounting

First and foremost as a CPA Firm you will have a trained professional review and check to insure proper treatment of expenses and revenues. We also can insure that you are paying and filing all the appropriate forms and taxes. On top of accounting help we can help with payroll, franchise, and sales tax.

Individual tax returns are generally known as 1040 Returns. They can be very easy but like our lives can quickly become more complicated. Schedule As, Bs, Cs, Ds, and Es can quickly complicate things. First of all what do all of those letters mean and why would I use or need them? Another schedule that complicates lives are K-1's.

Beginning a business can be difficult and most are not sure what to do to start. We are here to help you ask those questions and point you in the right direction. Sole Proprietorships can become messy in a hurry. The beginning can seem easy and begin with a few transactions a week.

However with Odessa's economy those few transactions can quickly become hundreds, and keeping track of all those transactions on top of doing monthly bank reconciliations and paying your taxes can become quite a handful.To begin you will need to ask yourself a few questions. Will I need to collect sales tax?

Partnerships are very similar to sole proprietorship in the fact that they are not subject to independent taxes. However they do require a bit more information to set up and they require their own tax form. For this you will need information on all of the partners. Who is going to be the Managing Partner, and Tax Matters Partner?

Business is such a vague term that doesn't really fit with the IRS formula. If only it were that simple. Business can be on three difference forms: a schedule C known as a Sole Proprietorship or a Limited Liability Company (LLC), they can be on a Form 1065 as a partnership or a S-corporation, and lastly they can be on a Form 1120 also know as a corporate tax return.