The Catholic CPA
Small Business Tax Preparation & CPA Tax Planning
The Catholic CPA provides professional tax preparation and consulting for small business owners, entrepreneurs, independent contractors, and closely held companies. Matthew R. Plese, CPA, is based in Chicago and serves clients remotely throughout the United States. The practice helps businesses meet filing obligations while evaluating lawful opportunities to improve tax efficiency.
Business Tax Returns and Entity Filings
- Sole proprietor and independent contractor tax reporting, including Schedule C when applicable.
- Partnership and multi-member LLC tax returns (Form 1065), including related Schedule K-1 reporting.
- S corporation returns (Form 1120-S) and C corporation returns (Form 1120).
- Federal and applicable state business income tax returns, business extensions, and amended returns.
- Preparation or review of Forms 1099 and contractor tax documentation when included in the engagement.
Small Business Tax Planning
- Estimated tax calculations and planning for changes in income, expenses, and business structure.
- S corporation shareholder-employee reasonable compensation analysis, distributions, and related payroll considerations.
- Review of deductions, depreciation, business use of home or vehicles, and qualified business income considerations when applicable.
- Discussion of entity classification and the potential consequences of an S corporation election.
- Consulting on tax questions involving contractors, sales and use tax nexus, and selected multistate matters.
Working With The Catholic CPA
- A review of the nature of your business and the type of return or planning assistance needed.
- A written request for the relevant tax documents and year-end financial records.
- Preparation and review of the applicable returns, with follow-up questions where clarification is required.
- Optional tax planning focused on future estimated payments and major business decisions.
Frequently Asked Questions
Does every LLC file a separate federal income tax return?
No. A domestic single-member LLC is ordinarily disregarded for federal income tax purposes unless it elects corporate tax treatment. Depending on its activity, its income may be reported on its owner's individual return. A multi-member LLC generally defaults to partnership treatment unless an election changes its classification.
Can an S corporation owner pay themselves only through distributions?
Shareholder-employees who provide services to their S corporation generally must receive reasonable compensation treated as wages. Distributions do not automatically replace that obligation.
Do you provide ongoing bookkeeping?
No. The practice can perform the records cleanup or reconstruction needed for a tax engagement and can refer clients to bookkeepers for recurring support.
For professional guidance tailored to your situation, contact The Catholic CPA by email. Review the Fee Schedule for published minimum fees. The availability and scope of services will be confirmed for each engagement.
Related Services
Reference: IRS guidance on S corporation compensation. This page provides general information, not individualized tax advice.