Services
Tax Return Preparation
When choosing BKY Financial to prepare your taxes, you should know that we don’t just talk to you once a year. We get to know you, your business, your goals, and we keep track of how your situation may change throughout the year. By doing this, we are able to create ideal tax strategies specifically for you to minimize how much you pay on your current return, and on your future returns.
We’re with you. We strive to simplify your tax return process and maximize your savings. Not only do we focus on getting to know your business, but also your unique individual situation. Using our refined system, we complete most tax returns within two weeks.
Personal Returns
Preparation and electronic filing of all tax services listed below and all required federal/state forms:
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- Personal Tax Return Preparation – 1040 US Individual Income Tax Return, State Income Tax Returns
- Trust & Estates – 1041 US Income Tax Return for Estates & Trusts
- Gift Tax Returns – 709
Corporate Returns (C-Corp/S-Corp)
Preparation and electronic filing of all tax services listed below and all required federal/state forms:
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- Corporations – 1120 or 1120s
- Partnerships – 1065s
- Sole proprietors – 1040 Schedule C
- Non-profits – 990/990EZ/990N
- Trusts – 1041
- Estates – 706
- Gift Tax Returns – 709
- Application for Tax Exempt Status – Form 1023
Non-Profit Returns
Preparation and electronic filing of all tax services listed below and all required federal/state forms:
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- IRS Forms 990 and 990T
- Unrelated Business Income (UBI) Tax
- Multi-Entity Planning
- State and Local Tax Returns
- Application for Exemption
- Review of Internet Transactions
- State Charitable Registration
- Contract Review
- Planned Giving
- IRS Private Letter Ruling Requests
Small Business Accounting
When owning and operating a small business, sometimes it’s hard to make time to take care of everything that comes along with it. This is where adding us to your team makes sense! We take the time to get to know your business and your individual situation in order to form a plan that works best for you. Each business is different, and your individual needs should always be considered when working on your books!
The basics of small business accounting include bookkeeping, creating financial reports, and filing tax returns. By working with an external company to track these items, you ensure that all money flowing in and out of your business is accounted for. Additionally, by having more frequent meetings, we are able to help you gauge the value and health of your company to help you make better financial decisions in the future and help you reach your goals.
Our small business accounting services include (but are not limited to):
- Bookkeeping
- Creating Financial Reports
- Profit & Loss
- Balance Sheet
- Cash Flow Statement
- Filing Tax Returns
- Payroll Services
- Part-time CFO/Controller Services
Full Service Payroll
Payroll is a huge part of your business that is crucial to operations. All businesses, big and small, have to manage payroll and decide if they want to outsource their payroll management. We believe the benefits far outweigh the concerns, especially for business owners who may not have the time to dedicate all of their energy toward this large task. Some of the key benefits of working with BKY Financial as your external full service payroll provider include:
- Full Service Payroll
- You submit paperwork to us with the hours and we process payroll on your behalf, or
- We can provide the platform for you to process payroll yourselves through our self-service portal
- Quarterly Tax Return Preperation
- You provide us with your records and we draft & submit your quarterly returns
- Year-End Filings – W2/1099 submissions
. - Other Services include but are not limited to:
- Worker’s Compensation audits
- Unemployment claims
- Federal and state payroll tax filings
- Social Security audits
- Child Support audits