S-Corp Tax Prep Services in Desert Ridge / Cave Creek, AZ

We are a full suite tax preparation and tax planning and accountingand bookkeeping firm. Please choose a tax service below to learn more.

An S-corporation, also known as an S-corp, is a pass-through entity. Corporations set up this way share the income, deductions, profits and losses of a corporation with it's owners. Shareholders are able to file their S- corp taxes at personal income tax rates as they pay taxes on their share of the S-corp's income. This allows S- corps to avoid double taxation on the corporate income.

Typically an S-corporation has employees, in this case the company is responsible for withholding federal income tax, Social Security and Medicare taxes from their paychecks requiring an S-corporation to file an IRS Form 941 each quarter to reports total witholdings.

The standard forms included with S-Corp filing are 1120S and Schedule K-1. If an S-corp has employees, a Form 940, Form 941 or Form 1099 may also be required. S-corps will also need to issue a W-2 to employees and Form 1099-MISC to independent contractors.


To qualify for S-corporation tax filing you must:

  • Be a domestic corporation
  • Have only allowable shareholder
  • May be individuals, certain trusts, and estates
  • May not be partnerships, corporations or non-resident alien shareholders
  • Have no more than 100 shareholders
  • Have only one class of stock
  • Not be an ineligible corporation (i.e. certain financial institutions, insurance companies, and domestic international sales corporations).

Planning is the key to successfully and legally reducing your corporation's tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

Contact Paramount Tax & Accounting - Desert Ridge if you'd like to receive more information about our Desert Ridge / Cave Creek S-Corp Tax Prep Services.

S-Corp Tax Prep Services in Desert Ridge / Cave Creek

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Dave did a great job working on my personal return and making sure I got the most money back. Additionally, he was able to fix and correct a previous year issue caused from a mistake by a previous accountant . Would definitely recommend him.
— Jonathan Firouzi, Posted May 15th 2023 on google
Very professional - I had a great experience.
— Missy Hieb, Posted May 8th 2023 on google
Dave was amazing, very knowledgeable and helpful!
— Barb Honiotes, Posted May 3rd 2023 on google
Dave at Paramount Tax and Accounting is awesome! This was my first year with a small business and he totally helped with the process before filing and during! He did a great job and was patient with all of my questions! I would recommend Dave to anyone I know!
— Amy G., Posted April 14th 2023 on google
Dave is great at what he does! Very knowledgeable and helpful for all your tax and accounting needs! Highly recommend!
— Carrie Tuomala, Posted March 29th 2023 on google
Excellent experience working with Dave. He was very efficient, professional and easy to work with. He provided valuable advice that will make a positive difference for us in future years.
— Jeff Brill, Posted March 28th 2023 on google
Our first experience with Paramount Tax and Accounting. Dave was very professional, efficient and took the time to answer all our questions as new AZ residents. We look forward to working with him in the future and would recommend his services.
— Lori Rourke, Posted March 27th 2023 on google
Dave is absolutely awesome. Super responsive and extremely knowledgeable. He is also quick and proficient 11/10 would recommend.
— Jared Jensen, Posted March 14th 2023 on google
Explained everything well. Very knowledgeable. Great attention to details. Plan to have Dave's help next year.
— Andrew Park, Posted March 14th 2023 on google
Dave was so kind and professional. I am confident in his abilities and thrilled to have 2022 taxes done!!! Thanks Dave
— Margaret Weber, Posted March 10th 2023 on google
I can't say enough great things about Dave and Paramount Tax. Dave was amazing - very professional and helpful on so many levels. You're in good hands with this company.
— Trisha Dumas, Posted January 27th 2023 on google
Dave was amazing! Very thorough and explained the process clearly for myself and my husband.
— Jaclyn Hardon, Posted March 3rd 2023 on google
David is great. He worked on my taxes 2 years in a row now and he does a wonderful job. Thanks again David!
— Glenie Dela Cruz, Posted March 2nd 2023 on google
Started working with Dave this year and he has been super helpful!
— rkryptic, Posted February 24th 2023 on google
Dave was great, helped us with our business and personal taxes!
— Darrell Power, Posted February 22nd 2023 on google
It was super easy and stress-free filing my taxes with Dave this year! He went through all of the information with me to make sure everything was correct and that I understood the process. Zero complaints and will definitely be going back to Dave next year!
— LeeAnn, Posted February 10th 2023 on google
Super friendly and knowledgeable, Paramount provided expert guidance and advice for our family and business interests. We highly recommend Paramount Tax & Accounting.
— Al Townsend, Posted February 2nd 2023 on google
Dave is a great guy super easy to work with knowledgeable he helped me a great deal with my taxes I would recommend him highly!
— Sickpuppy, Posted January 31st 2023 on google
I'd recommend working with Dave Brown. Dave is a perfect fit for our real estate business. He was able to easily navigate the nuance of our small company to make the whole experience easy and financially beneficial.
— Mike Kolbrener, Posted January 18th 2023 on google
I’ve had many accountants over the years, but Dave is by far the best. Great communication,he is a great asset to any business owner.
— Reservations Rockyrental, Posted January 17th 2023 on google

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Paramount Experience


Many people do not know how a professional tax firm differs from a tax preparer. The main difference when working with a professional tax and accountingbookkeeping firm, such as Paramount Tax & Accounting - Desert Ridge, is that our firm utilizes the services of CPAs, EAs, and Attorneys who are distinguished from other finance professionals by stringent qualification and licensing requirements.

Paramount has worked hard to create relationships to deliver the value that our clients expect. In fact, our goal is to be the No. 1 S-Corp Tax firm in Desert Ridge / Cave Creek. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting - Desert Ridge!

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Whether you are filing personal taxes or you own a business, if you are not already using a professional tax and accountingbookkeeping firm, you have most likely already missed out on major tax benefits, deductions and credits. This is because a professional tax and accountingbookkeeping firm utilizes licensed professionals such as CPAs, EAs and Attorneys, who can not only advise individuals on personal financial matters but who are qualified to advise businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial topics. Our strict standards ensure that we understand the complicated tax laws and how to implement strategies that return the most benefits to individuals and businesses. Give Paramount Tax & Accounting - Desert Ridge a call or visit our tax and accountingbookkeeping firm in Desert Ridge / Cave Creek for a free consultation.

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Paramount Tax & Accounting - Desert Ridge

20860 N Tatum Blvd
Suite 300
Phoenix, AZ 85050

602-315-3679

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Bookkeeping Services in Desert Ridge / Cave Creek

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