Your Trusted Partner for Business Tax Services in the Bronx & Nearby
Business Tax Services in NYC & Bronx – In-Person & Online – Serving the U.S.
Business Tax Services in & Near Bronx, NY & NYC | SCL Tax Experts
The US tax system is a complex one, and it is founded on both federal and state levels. Each federal and state government possesses the authority to charge and collect taxes as per its laws. Additionally, a state can also have multiple other jurisdictions, such as counties and towns, for imposing business taxes.
There are different types of taxes as well as several entities. Understanding the federal, state, and local tax requirements is imperative when it comes to business taxes in & near Bronx, NY.
At SCL Tax Services In & Near Bronx, NY, we take a holistic and well-coordinated approach to business taxes and the complex issues that come with them. Our business tax professionals help you make sense of the complexities and offer services relevant to the jurisdictions where you operate.
Our spectrum of business taxes in & Near Bronx, NY includes:
- Strategic tax planning
- Tax compliance and reporting
- Tax reform
- Government incentives
- Research and development
- Tax management consulting
- Mergers/acquisitions tax services
Our business tax services in & near Bronx, NY, are focused on addressing the specific needs of both public and private companies. Whether you are looking to gain clarity on business tax planning and execution, understand the complexity of tax risk management, or make sense of the application of accounting principles, Bronx Tax Services addresses all your concerns and needs professionally.
Trusted tax professionals in Bronx, NY, and NYC — tailored for individuals, freelancers & Airbnb hosts
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Testimonials
★★★★★
"Susan L. has been handling our taxes since 2014, and I have to say that through all our years together she has done an exceptional job getting our refunds. Yes a year or two we had to pay, but it was definitely not what we expected. We moved to a Island far away, and we thank God that Susan was licensed there too. Thank you Susan to you and your team of professionals at the Katona, Bronx New York Office. Our fee has been moderate compared to the returns we have received with SCL Tax Service. Thanks again! Here's to the next tax year 2025!!"
Expert Bronx Business Tax Services
How Our Business Tax Professionals Help You – SCL Business Tax Services
Our tax professionals (CPAs and IRS Enrolled Agents) will quickly take the burden of business taxes off your shoulders. Through our in-depth knowledge and broad experience, we make the process as easy and simple as possible.
Since businesses have different structures, each business entity has different tax filing requirements. No matter what type of entity you are, you are qualified to file your income taxes if there was income or expenses within a specified time period.
Below is a list of tax requirements specific to certain types of businesses:
Sole Proprietorship – Business Tax Services
As its name suggests, a sole proprietorship is a business owned and operated by a single person. It is the sole proprietor’s responsibility to file their personal income tax return based on the business’s income or losses.
You must add self-employment taxes to your income if you operate as a sole proprietor. Essentially, self-employment taxes are Medicare and Social Security taxes. Self-employed individuals must estimate how much they will owe in taxes and pay them to the Internal Revenue Service every quarter.
Failure to pay these taxes could result in several consequences. A failure to pay self-employment taxes could result in a large tax bill, for example, or affect your Social Security retirement benefits.
You must use Schedule C or Schedule C-EZ to report your sole proprietorship income on your annual tax return. For self-employment tax calculations, use IRS Form 1040-ES, “Estimated Tax for Individuals”.
Whether you want to set up a sole proprietorship or need business taxes in & near Bronx, NY, we can help.
Partnerships – Business Tax Services
Partnerships are business structures involving two or more people operating the business together. From general partnerships to limited liability partnerships, numerous types of partnerships can be formed.
Every type of partnership has its advantages, such as preventing a lawsuit from being filed directly against the managing partner. As an organization, partnerships are not required to pay income tax, even though some information about them is required for their business taxes.
Partnerships aren’t subject to income tax, so they don’t have to pay it. If a business has pass-through taxation, the owners are responsible for paying income taxes. As a result, the partners are not subject to high corporate tax rates.
The partners are responsible for filing their personal tax returns with their share of the partnership’s income and losses. They are also responsible for paying self-employment taxes. In addition to filing an annual income tax return, the partnership is also required to file other types of business taxes.
Limited Liability Companies – Business Tax Services
In a Limited Liability Company (LLC), the protections of a corporation are combined with the tax benefits of a partnership. In this way, LLCs do not have to deal with double taxation because they rely on a pass-through taxation system.
Furthermore, LLC owners are required to file Form 1065 each year with the IRS. This form is used to report income. If you need business taxes in & near Bronx, NY, we are here for tax help. We will plan your tax preparation at the beginning of the year to lower your tax liability.
Corporations – Business Tax Services
Companies of all sizes can be organized as corporations. Two types of corporations can be formed: S corporations and C corporations.
Both corporations, however, are taxed twice. In double taxation, income from a corporation is taxed, and dividends received by shareholders are also taxed.
When filing business taxes for a corporation, you may need several types of forms. Therefore, you should seek the advice of an experienced accountant to determine your options.
FAQ About Business Tax Services
Not just tax experts — a trusted team serving Bronx, NY, with clarity and compassion.
Read More >Which online tax service is best for both federal and New York state filing?
It depends on what you need. TurboTax is often the best online tax service for filing both federal and New York State returns. It is easy to use and has many good features. H&R Block is also a good choice if you want live help or office support. If you want a cheaper option, TaxAct or FreeTaxUSA can do both federal and New York returns for a lower price.
How can New York residents get free tax help?
New York residents can get free tax help at VITA/TCE sites, NYC Free Tax Prep, and AARP Tax-Aide. They can also use Free File online. For problems with the IRS, LITCs give free or low-cost help. Local tax professionals in Bronx NY can also guide you.
What are the tax resolution options for New York state tax debt?
New York tax debt can be handled through a payment plan, an Offer in Compromise, a hardship hold, or penalty relief. In rare cases, bankruptcy may apply. Acting quickly helps avoid liens or wage garnishment. Consider working with experienced tax professionals in Bronx, NY, for help.
How long do people need to keep tax records for New York state versus federal taxes?
Keep tax records for at least 3 years for both the IRS and New York State. Hold them longer, 6–7 years for certain cases, and indefinitely for property, fraud, or missing returns. For guidance, you can reach out to experienced tax professionals in the Bronx, NY.
Can businesses claim a home office deduction in New York?
Yes, businesses in New York can claim a home office deduction. The space must be used only for work. Self-employed people can use \$5 per square foot or real costs. Most employees cannot claim it. Ask a tax professional in NYC or the Bronx for help.