What business tax services do you provide?

Madsen and Company provides business tax preparation and proactive tax planning for small business owners, including S corporations, LLCs, partnerships, and other closely held businesses.

Do you work with S corporations, LLCs, and partnerships?

Yes. We work with a range of business entities, including S corporations, LLCs, and partnerships. The tax filing requirements and planning opportunities depend on how your business is structured.

Is business tax preparation the same as tax planning?

No. Tax preparation reports what already happened. Tax planning focuses on decisions that may help reduce taxes before deadlines pass. Many business owners need both.

Can you help if my bookkeeping is behind?

In many cases, yes. However, your books may need to be cleaned up or completed before an accurate business tax return can be prepared.

Do you only prepare returns, or do you also provide year-round advice?

We focus on both accurate tax preparation and proactive advisory support. Many business owners want year-round guidance so tax decisions are made before year-end, not after.

Who is a good fit for your business tax services?

Our business tax services are a good fit for small business owners who want more than basic filing, especially those who want proactive tax strategy, clearer financial direction, and support for more complex returns.

Business Tax Services for Small Business Owners

Proactive tax planning and accurate tax preparation for S corporations, LLCs, and business owners who want to reduce taxes and avoid surprises.

Serving business owners nationwide from South Jordan, Utah • 30+ years of CPA experience

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What are business tax services?

Business tax services include both tax preparation (filing your business tax returns) and proactive tax planning (making decisions throughout the year to legally reduce taxes). Most business owners need both to avoid overpaying and to stay compliant.

CPA consulting with business owner about business tax services and tax planning for small business

WHO THIS IS FOR

This is a good fit if:

You own a business or rental property
Your income comes from more than just a W-2
Your business profits are increasing and taxes are becoming a concern
You operate as (or are considering) an S-Corporation
You want proactive tax planning, not just tax filing

This may not be a fit if:

Your situation is limited to a simple W-2 with no business activity

You are only looking for the lowest-cost tax return

What Business Owners Often Get Wrong

Many business owners assume tax savings happen when the return is prepared.

In reality, most tax-saving opportunities happen before the year ends.

Decisions around:

– S-Corporation elections
– Owner salary vs distributions
– Equipment purchases
– Retirement contributions

all impact your tax outcome — but only if handled at the right time.

Why Business Owners Overpay

Most business owners only talk to their CPA at tax time. By then, most tax-saving opportunities are already gone.

Without proactive planning, business owners often:

Pay unnecessary self-employment taxes
Miss deductions and timing strategies
Make entity decisions too late
Feel surprised or unprepared at tax time

CPA Insight:
Tax preparation reports what already happened. Tax planning changes the outcome.

Business Tax Services Include

Our business tax services combine proactive planning with accurate tax preparation.

The goal is not just to file an accurate return, but to structure your business and tax decisions in a way that reduces taxes over time.

This typically includes:

Business tax return preparation (S-Corporations, LLCs, Partnerships)
S-Corporation salary and distribution planning
Entity structure analysis (LLC vs S-Corp)
Quarterly estimated tax planning
Real estate tax strategy (including rental properties)
Coordination with bookkeeping and payroll
Identifying missed deductions and tax-saving opportunities
Annual Schedule K-1 preparation coordinated with your individual income tax returns

Common Business Tax Mistakes We Help Fix

Many business owners come to us after running into tax problems that could have been avoided with proper planning.

Common issues include:

Waiting until tax season to ask tax questions
Choosing the wrong entity structure
Missing deductions or depreciation opportunities
Late or incorrect estimated tax payments
Payroll setups not designed for tax efficiency

Why Choose Madsen and Company

Over 30 years of CPA experience serving business owners
Trusted Utah CPA firm since 1995
Specialized in S-Corporations, service businesses, and closely held companies
Accurate, compliant, and well-documented returns
Proactive guidance—not just data entry
Year-round availability and advisory support
Virtual-first process with secure portals and digital workflows

At Madsen and Company, tax preparation is not a standalone service — it is the implementation layer of proactive tax planning and advisory.

We provide business tax services for clients in:

Across the United States
South Jordan
Salt Lake County
Utah County

Frequently Asked Questions About Business Tax Preparation

Business tax preparation is the process of organizing financial data, applying tax laws correctly, and filing accurate business and related individual tax returns for entities such as S-Corporations, partnerships, and business owners.

Business tax preparation reports what already happened for the year. Tax planning focuses on decisions made during the year to reduce taxes before the year is over.

You should use a CPA for business tax preparation if you own a business, have multiple income sources, operate an S-Corporation or partnership, or want your tax return aligned with a proactive tax strategy.

Yes. Madsen and Company prepares S-Corporation, partnership, and business-related tax returns, along with the individual returns connected to those entities.

Business tax preparation typically requires financial statements, income and expense records, payroll information, prior-year tax returns, and details about assets, loans, and ownership structure.

Business tax preparation fees vary based on complexity, entity structure, number of transactions, and level of analysis required. More complex businesses and multi-entity structures require additional time and expertise.

Start With a Business Consultation

If you’re a business owner who wants accurate tax preparation and clear guidance — not just a filed return — the first step is a consultation.

We’ll review your situation, explain your filing requirements, and identify opportunities to reduce taxes going forward.