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Business Tax Returns

Preparation of federal, state, and international tax returns is the core of our tax services. High-levels of technical and industry-specific expertise allow our tax professionals to ensure our clients’ tax returns are prepared efficiently and timely. Francis Tax will make sure your business will takes advantage of regulations that provide for accelerated deductions and income deferral that allow the business owner to pour their profits.

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Business Entity Classification

The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business has enormous financial and tax implications. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also.

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State Tax Nexus Issues

As states strive to generate more income from cross-border business activity, established laws and regulations regarding nexus and conducting business in a multi-state environment have undergone significant changes and continue to do so. Francis Tax can help your company understand how your operations or remote or hybrid workforce impact what states you are deemed to be “doing business in” and the related impact this has on which states you are taxable in. Francis Tax is ready to help with planning and compliance in multi-state operations to ensure ongoing compliance in this ever-evolving borderless business climate.

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Personal Tax Returns

We understand the importance of maximizing your tax credits and deductions. That's why our team of experts will conduct a thorough interview to ensure that we capture all the credits and deductions that you are eligible for. An impactful life event such as mariage, a new born, purchase of a home and admittance into college may have significant tax saving that our team will identify when we interview you.

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Business Acquisition

A business can be bought out by either a Stock or an Asset sale. The purchaser can either buy the Assets of a business or the Stock/Ownership interests. While both are considered means of acquiring a business, they each hold distinct tax implications. Francis Tax can assist in modeling out the most tax efficient method for the acquisition. 

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Liquidation of a Business

Francis Tax will work diligently in structuring a sale of the business to maximize the owner’s after-tax take through the maximization of capital gains and minimization of ordinary income.