Annual Income Tax Filings
As your business grows, handling annual income tax filings becomes more complex. Stay compliant with federal and state regulations with our fixed fee service. Our expert team takes the hassle out of taxes by managing all federal and state tax filings for you. With our deep industry knowledge, we ensure accuracy and efficiency while helping you make informed decisions and avoid potential pitfalls.
Filing annual income taxes involves more than just submitting forms—it’s about understanding your business’s unique financial situation and making sure every detail is accounted for. Whether you’re reporting income, deductions, or tax liabilities, compliance with evolving tax laws is critical. Escalon helps you stay ahead by tracking regulatory changes and ensuring your filings meet all requirements.
We manage the entire filing process, from gathering financial records to preparing and submitting returns. Beyond compliance, we look for opportunities to optimize your tax position, identifying deductions and credits that could reduce your tax burden. Our team’s proactive approach helps you avoid last-minute surprises and ensures that your filings are accurate and timely.
State and Local Taxes
Managing state and local tax requirements can be overwhelming for startups and small businesses. Each state has its own set of tax regulations and staying compliant can drain your time and resources. Regulations also change frequently as governments find new ways to generate revenue. Our experienced professionals provide the guidance you need to navigate these complexities, ensuring accurate compliance and quicker returns on investment while avoiding costly penalties.
From state income and franchise taxes to sales, use, employment, and property taxes, we handle the full range of state and local tax obligations. Our team is experienced in navigating tax laws across multiple jurisdictions, so whether your business operates in one state or across many, we can help you manage your tax liabilities efficiently.
In addition to managing your tax filings, we provide strategic guidance to help you assess risks and identify opportunities for tax savings. We understand the burden that state and local taxes can place on your business, and our goal is to make the process as seamless as possible. Let Escalon handle your state and local tax needs so you can focus on running and growing your business without the stress of regulatory hurdles.
R&D Tax Credits
Innovating comes with its rewards. We help you secure valuable R&D tax credits, potentially saving your business a lot of money. Our thorough R&D Tax Study ensures you claim what you’re entitled to, reducing costs and accelerating your growth.
What is an R&D Tax Credit?
The R&D Tax Credit is a valuable tool for businesses engaged in innovation and development, helping to offset the costs associated with research activities.
The R&D Tax Credit is among the least often claimed tax credits by new and established businesses. Many businesses qualify to receive up to $250,000 in payroll tax credits and there is no limit for income tax offset for companies with taxable income.
To claim the credit, companies need to maintain detailed records and documentation that demonstrate the R&D activities and associated expenses. Escalon’s R&D Tax Study conducts a thorough review of your qualifying R&D activity. Once we gather background information to verify QREs, we will document the process, and a final report will serve as the detail behind your credit calculations and support your claim should you be audited.
Such a valuable income tax credit for your business goes a long way to reduce costs, get to market faster, and grow your market share.
