Filing tax returns in Las Vegas can be a daunting task due to ever-changing regulations and complexities. At Mark Sherman CPA, we simplify the process for both individuals and businesses in Las Vegas, offering tailored services that ensure compliance, minimize liabilities, and maximize deductions. Our experienced team stays up to date with the latest tax laws, providing accurate and timely filings for personal, business, estate/trust, gift, and non-profit tax returns. Let us handle the complexities so you can focus on what you do best.
Tax Returns Made Easy with Mark Sherman CPA
Types of Tax Returns We Handle
- Individual Tax Returns: From investments to rental properties, we ensure accurate filing for all sources of income, including multi-state considerations.
- Business Tax Returns: We handle filings for all business types, including C corporations, partnerships, and sole proprietorships, ensuring optimal tax outcomes.
- Estate/Trust Tax Returns: Our team supports trustees and executors through complex filings like Form 1041, making the process stress-free.
- Gift Tax Returns: Maximize your savings with guidance on the annual gift tax exclusion and compliance for larger gifts.
- Non-Profit Tax Returns: We assist tax-exempt organizations with filing requirements, including informational returns, to maintain compliance.
We have been with Mark Sherman, CPA for a couple of years now. He helped review previous years of our corporate tax returns and really instructed us how to do things better and more accurately. I also used him for my personal tax returns. We love working with the staff at Mark Sherman's office and we hope everyone would make Mark Sherman their CPA!
Reasons to get a CPA for your tax returns:
- Expert knowledge of federal, state, and local tax laws
- Accurate and timely filing of tax returns
- Reduction of errors that could lead to audits or penalties
- Strategic advice to minimize tax liabilities and maximize deductions
- Personalized tax planning tailored to your financial goals
- Assistance with complex tax situations, including multi-state and business filings
- Representation and support during IRS audits or inquiries
- Peace of mind knowing your taxes are handled by professionals
Contact our office to learn how we can help you with your tax returns in Las Vegas.
Understanding Payroll Taxes
FEDERAL UNEMPLOYMENT TAX ACT TAX (940)
Form 940 is used to report Federal Unemployment Tax Act (FUTA) tax, which funds unemployment compensation for workers. While the FUTA tax isn’t deducted from employee wages, determining filing requirements can be complex. Exemptions may apply for certain organizations and family businesses. We guide you through the process, ensuring compliance and accurate filing.
QUARTERLY PAYROLL TAX RETURNS (941)
Form 941, or Quarterly Payroll Tax Returns, is required by most businesses to report income, payroll, Medicare, and Social Security taxes deducted from employees. It calculates the amount owed to the IRS each quarter. Some seasonal or specialized businesses may qualify for different filing options. We ensure accurate and timely Form 941 filing.
MODIFIED BUSINESS TAX
Modified Business Tax is a Nevada-specific self-reporting tax calculated on total gross wages and reported tips paid for a calendar quarter less employee health care benefits paid. Modified Business Tax has two sub-classifications, General Business and Financial Institution, and the business owner is responsible for selecting the correct characterization. We help you select the appropriate classification for your business and file the Modified Business Tax helping you with your tax returns in Las Vegas so you can be stress-free.
Why Choose Mark Sherman CPA for Your Tax Returns?
With a deep understanding of local and federal tax regulations, Mark Sherman CPA offers reliable tax return services in Las Vegas. Our goal is to optimize your financial outcome and simplify the filing process, ensuring you avoid costly mistakes and audits. Schedule a consultation today to see how we can support your tax needs.
