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S-Corp Tax Prep Services in Scottsdale / 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 Scottsdale / North Phoenix if you'd like to receive more information about our Scottsdale / Cave Creek S-Corp Tax Prep Services.

S-Corp Tax Prep Services in Scottsdale / Cave Creek

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David Brown is a very thorough and friendly Tax agent. My mom introduced me to Paramount Tax and I think I’ll keep coming until he retires. 10/10
— Chi O, Posted April 4th 2024 on google
I have been going to Paramount for a couple of years, and working with Dave Brown, and I have nothing but great things to say. Dave has always been available to answer questions, and provided some amazing guidance to help with my tax situation. Super friendly, and super personable. I highly recommend using Dave Brown &...
— Damian Pazdernik, Posted March 28th 2024 on google
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— Marissa Pope, Posted March 28th 2024 on google
David came highly recommended to me. He provided excellent service, made me comfortable with the questions I asked and even gave me advice for the future. I will definitely return next year to have my taxes done.
— Cindy Berumen, Posted March 28th 2024 on google
Dave did an awesome job. He really knows his stuff & was able to get me the maximum deductions!
— Jeff Boyd, Posted March 26th 2024 on google
I had the pleasure of meeting with Dave to prepare my taxes. The process was smooth and professional. I felt welcomed to the office and Dave explained everything that was being put on my tax return. Throughout our meeting, Dave also provided tax advice for me to consider in the future. Overall I had a great experience...
— Keola W, Posted March 25th 2024 on google
Paramount and Dave in particular have been friendly and helpful throughout tax season. He is extremely knowledgeable and friendly.
— Kristen Parker, Posted March 23rd 2024 on google
I recently used David Brown with Paramount Tax and Accounting Scottsdale for my personal and business taxes, and I'm impressed! David is professional, knowledgeable, and saved me money with smart deductions. Communication was excellent, and he made a complex process easy to understand. I highly recommend David Brown wi...
— Andrew Aziz, Posted March 22nd 2024 on google
This is our second year with David, he is AWESOME. I have a small business and he's there for us every step of the way with our taxes. We used another big tax preparer service for years and had our taxes screwed up two years in a row by them. My husband and I walked out of this appointment and actually said to each oth...
— Cori Deltoro, Posted March 19th 2024 on google
Dave was soooo helpful and made filing our taxes as business owners and first time filing married jointly a breeze! Highly recommend. We will definitely continue to use Paramount Taxes.
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This was our second time going to Dave at Paramount Tax & Accounting for our yearly taxes. What a Great experience it was with Dave . Extremely professional and thorough. We highly recommend Dave at Paramount for your taxes or accounting.
— Greg Schulist, Posted March 6th 2023 on google
Went in expecting the worst- left smiling!! Highly recommend!!!
— Staff.John Iorio, Posted March 1st 2024 on google
Dave is a tax guru! He’s made starting a business so easy!!!
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Scottsdale / Cave Creek, AZ Tax Review

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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 Scottsdale / North Phoenix, is that our firm utilizes the services of licensed professionals.

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 firm in Scottsdale / Cave Creek. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting Scottsdale / North Phoenix!

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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, 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 Scottsdale / North Phoenix a call or visit our tax and accountingbookkeeping firm in Scottsdale / Cave Creek for a free consultation.

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Scottsdale / Cave Creek, AZ Tax Services

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Paramount Tax & Accounting Scottsdale / North Phoenix

8701 E Vista Bonita Drive
Suite 210
Scottsdale, AZ 85255

602-315-3679

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Get started with Paramount for your tax services in Scottsdale / Cave Creek, AZ, recommended by family and friends every time.

OR

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