Mark Sherman CPA provides a comprehensive suite of business tax consulting and preparation services, through a certified public accountant and accredited IRS enrolled agents. Businesses incorporated in Nevada benefit from a business-friendly political landscape with maximum asset protection, but it’s essential to stay abreast of tax compliance responsibilities. We provide comprehensive business accounting in Las Vegas including tax consulting services such as accounting software installation, tax planning, quarterly tax payments, and more.
Business Tax Consulting At Its Best
Let's Help Your Business Remain Compliant
We provide comprehensive business tax consulting services to help you remain compliant, minimize the risk of IRS tax audits, and ensure maximum tax deduction. Our accountants perform a thorough assessment of your business expenses to help you pay the legal minimum in taxes, so you can grow your business and personal wealth with a clear mind. We also provide professional advice on your tax consequences related to your business entity setup process.
I wish that I found Mark Sherman years ago. We paid so much on taxes last year. This was our first year with Mark, and we got a return! I met with him twice for consulting before having our taxes completed. Don't be afraid to spend a bit to consult. The advice he gave us was well worth the money spent and has saved us literal thousands just this tax year alone.
QuickBooks Implementation Assistance
QuickBooks is universally acclaimed as the most user-friendly and effective software for tax planning. We are able to guide you through the process so you can install QuickBooks for your business. We can also help advise you on how to use Quickbooks and can help with any questions you may have in the course of your business accounting in Las Vegas. The QuickBooks accounting software allows us to streamline the entire accounting, bookkeeping, and tax planning process. It also allows us to generate regular reports that clearly showcase your financial statements and identify opportunities to reduce the tax burden further.
Tax Planning
We conduct a regular review of your tax liability position and profit and loss, which opens up opportunities to reduce your tax burden for the next year. We review previous taxes to identify potential issues that need to be addressed or locate missed tax-saving opportunities. Furthermore, a comprehensive review of your business expenses allows us to maximize your tax deductions and minimize the tax burden, allowing you to grow your wealth in a safe and legal manner.
Quarterly Tax Payment
Businesses are responsible for paying numerous forms of taxes in different periods, such as the Federal Unemployment Tax Act Tax (Form 940), Quarterly Payroll Tax Returns (Form 941), and the Modified Business Tax as a General Business or Financial Institution. Furthermore, you may be liable for different types of taxes based on your business entity (LLCs, S-Corporation, C-Corporation, etc.). We calculate and pay all of your estimated quarterly taxes regularly to avoid late payment penalties.
Business Accounting FAQs
What is the difference between a CPA and an accounting firm for a business?
A Certified Public Accountant (CPA) is a licensed professional who has met strict education, examination, experience requirements, and ongoing continuing education standards. CPAs are recognized by the IRS and state boards, giving them the authority to represent your business in audits, tax disputes, and other matters requiring advanced knowledge of tax law.
On the other hand, many general accounting firms may employ bookkeepers or unlicensed preparers who handle day-to-day tasks like recording transactions, reconciling accounts, and preparing basic tax forms. While this can be sufficient for very small businesses, it often lacks the level of strategic planning and long-term financial consulting that a CPA can provide.
A CPA can assess your entire financial picture, identify deductions, help you structure your business for tax efficiency, and provide guidance on regulatory compliance. For businesses in Nevada and beyond, this can translate into significant legal protection and savings.
How much can my business save with a CPA?
The amount your business can save with a CPA varies, but the impact is often substantial. A CPA doesn’t just file taxes; they actively look for ways to reduce your tax burden legally through strategic planning. This might involve restructuring your entity type (such as from an LLC to an S-Corp), uncovering missed deductions, or optimizing how you report income and expenses.
For example, CPAs regularly help businesses save on quarterly tax payments by accurately calculating estimated obligations and avoiding penalties for underpayment or late filings. They also monitor evolving IRS rules and Nevada’s state-specific business taxes, ensuring you stay compliant while taking advantage of every available credit and deduction.
Client testimonials often reflect savings in the thousands of dollars each year, sometimes even more (in the tens of thousands of dollars) for larger or more complex businesses. Beyond tax returns, a CPA can also recommend efficient accounting software solutions, streamline payroll, and provide financial consulting that directly improves profitability.
Ultimately, the real value of a CPA is in both money saved and the risks avoided. Even a single overlooked compliance issue or missed deduction can cost more than the entire investment in professional guidance from a CPA. By partnering with a CPA like Mark Sherman, you gain a long-term strategic partner who can maximize your tax savings and earnings.
Why Choose Us For Business Accounting in Las Vegas?
Mark Sherman CPA remains abreast of the latest IRS tax laws to ensure you always have access to accurate and timely information. We ensure your company remains compliant while taking advantage of all the latest changes in your favor. Please contact us for business accounting in Las Vegas today.
