Expert Tax Preparation Services
Running a successful business means staying on top of your finances, especially when it comes to taxes. Doherty & Associates in Delaware County, PA, provides personalized tax services, including preparation and strategic planning, tailored to the needs of your business.
Many Delaware County businesses rely on a CPA or financial expert to navigate complex tax requirements and make sure they’re fully prepared for tax season. Partner with the experienced team at Doherty & Associates, trusted by businesses across the county and beyond.
Personalized Support For Complex Tax Situations
Wherever you work in Delaware County and no matter what industry your business operates in, you need to file accurate state and federal tax reports each time. You also need to pay the correct amounts, on time, to avoid fines and other potential legal penalties.
That’s why local businesses of all sizes trust our team to help them manage multiple aspects of their finances.
What business tax services does Doherty & Associates offer?
One of the top reasons businesses overpay on their taxes is that they don’t know what expenses they can claim and what needs to be declared. Doherty & Associates works with Delaware County businesses to verify that they’ve taken all their deductibles into account. For example, many small businesses could claim organizational or startup costs as a capital expense, a type of deduction usually calculated over more than one year. Our seasoned professionals will help you understand exactly how much and when to file these expenses to optimize your bottom line while remaining legal and compliant.
Proper preparation of tax returns can eliminate errors and uncover opportunities for savings. Having an expert oversee your tax preparation could save you significant amounts of money.
If sales and use taxes apply to your type of business, you may need assistance navigating the ever-changing rules surrounding these types of taxes. Our financial experts stay up to date with all tax laws and regulations and leverage that knowledge for your benefit.
When your business has multiple streams of income, you’ll need to calculate gross receipts to see if they are all covered in your tax return. A business finance specialist can help you calculate what’s classed as business income.
Take expert advice on what your tax returns should amount to in the coming year, based on historical and current financial data. This information helps you plan ahead, budget better, and keep cash flow constant.
A Doherty & Associates tax consultant will help you file your taxes, so that both federal tax and state tax are accounted for, and help you understand what you need to pay and why.
If you’ve had trouble paying your taxes or have a dispute with the IRS, Doherty & Associates can represent you. A member of our professional team is on hand to manage, negotiate, and settle claims, audits, and debts as needed. For example, we can help you file back tax returns for previous years, or reduce or eliminate tax penalties.
Our services aren’t just for businesses. Ask us about our services for individuals, including personal tax services and IRS representation. Our team works on cases such as obtaining relief from your spouse’s tax debt or renegotiating monthly tax payment plans.
Your dedicated tax consultant will work with you to figure out what services work best for you and if you need bespoke corporate tax assistance. We understand that your business is as unique as you are, and so is your financial situation and status. Remember, we do more than taxes: Ask our team about payroll services in Philadelphia and other nearby areas beyond Delaware County.
Tax Solutions That Adapt As Your Needs Grow
Effective Delaware County business tax services can’t follow a one-size-fits-all approach. In fact, the best tax services will adapt effortlessly as your business inevitably expands. A new startup may only need basic tax services right now. But as they grow, they may come to need assistance with sales & use taxes, gross receipts taxes, and other complex tax areas. Businesses that have fallen behind with their tax payments may need additional services or budgeting advice, such as prioritizing debts while maintaining cash flow. Doherty & Associates can provide this advice, helping your firm stay in the black and avoid further penalties.
Delaware County is one of the top-rated areas in Pennsylvania in terms of small business presence, with over 21% of PA income tax (federal and state) generated by businesses across the county. So, we know you’ve always got competition, with new businesses emerging in your industry all the time. Stay ahead of the Delco business crowd by establishing that your finances and accounts are always in top form, tax season-ready, and fully compliant.
What Are Estimated Taxes And Who Needs To Pay Them?
- Estimated taxes are quarterly payments made to the IRS (and state agencies) on income not subject to regular withholding.
- They’re required if you expect to owe $1,000 or more in taxes after subtracting withholding and credits.
- This applies to self-employed individuals, freelancers, landlords, and business owners with non-wage income.
- Making timely estimated payments helps avoid penalties, interest, and a large tax bill at year-end.
Get In Touch
Wherever you are in Delaware County PA, we can provide the tax services you need. We also offer a range of financial services from consulting to bookkeeping in Upper Darby, Lansdowne Borough, or Concord Township — anywhere across the region. If you don’t see the exact financial service you require for your business on our site, call our team. Our seasoned professionals have a wealth of expertise they can leverage to provide you with the right guidance. Whether you’re a Delaware County business owner, entrepreneur, or need assistance with personal or complex tax matters, we can help. Contact the team at Doherty & Associates by completing our online form or call us at 302-239-3500.