S-Corp Tax Prep Services in Sugar Land / Richmond, TX

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 & Bookkeeping in Sugar Land / Richmond if you'd like to receive more information about our Sugar Land / Richmond S-Corp Tax Prep Services.

S-Corp Tax Prep Services in Sugar Land / Richmond

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Sugar Land / Richmond, TX tax preparation

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I highly recommend Wanjing. After our tax preparer for 20+ years retired we began looking for someone that we could trust to prepare our taxes. We contacted Wanjing and have been very impressed . She is professional and knowledgeable. She will answer all of your questions and keep you updated on your tax preparatio...

— Andrew Jones, Posted April 8th 2023 on google

Felicia did a great job, doing special and deep review of my files and information, explaining and answering all my questions, the outcome was excellent!!

— Alejandro Cervantes, Posted April 18th 2024 on google

Wanjing demonstrated professionalism and expertise that made the entire process smooth and stress-free. Her service's was efficient and completed in a timely manner, responsive to emails and calls, providing updates promptly. I highly recommend Wanjing for anyone seeking reliable and trustworthy tax filing services.

— jim green, Posted April 6th 2024 on google

Wanjing made sense of my numerous K-1 statements, explained the tax implications of my company LTIP and helped me begin capturing costs for a business venture. Her expertise is top notch and her explanations very clear. She was always very responsive. Her tax service is a tremendous value. I highly recommend.

— Paul Gill, Posted March 30th 2023 on google

I have done my own taxes for decades, but 2023 had complications - new job, relocation, start of LLC. Felicia provided a great consultation service and worked with me via zoom meeting to explain everything. I provided copies of the needed information to their secure portal and reviewed preliminary return. Felicia qu...

— Steve Statham, Posted March 9th 2024 on google

I used Wanging Su with Paramount Tax service this year. She was great and easy to work with. Was able to do everything over email and phone. She was very thorough and prompt with her services. Will be using her again next year!

— Garrett Brisendine, Posted February 5th 2024 on google

I am thrilled to have found Wanjing to assist with my business taxes. She helped me better understand my S-Corp filing, aided in identifying and maximizing deductions, and is always willing to share her time and expertise to provide me with the guidance I am seeking. Best part? When I text, she returns my text. When I ...

— Aaron B., Posted January 29th 2023 on google

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— Lawrence Tam, Posted May 16th 2023 on google

Very prompt and good service . Understood my international tax requirements very well . Would highly recommend

— Vikram Sinha, Posted April 19th 2023 on google

I recently relocated to Houston, TX, from New Orleans, LA, and decided to find a NEW and local firm that I can rely on for this year’s filing. I came across Paramount and read so many great reviews about Felicia. She made me feel at ease during our initial consultation call and was extremely informative and professi...

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— Keasia Daniels, Posted April 17th 2023 on google

Wanjing is amazing. Very detailed and at a fair price. I definitely recommend her.

— Shannon Reynolds, Posted April 7th 2023 on google

Felicia (Managing Partner) from Paramount Tax and Accounting is simply Phenomenal! She helped us with our tax returns, business set up and I could not have asked for better customer experience. Professional, Timely, Trustworthy, Very knowledgeable, does not rush advise and exceeded all expectations. Consistently above ...

— Jasmine Elliott (Feran.Elliott), Posted April 5th 2023 on google

I was referred by another of her clients, and I was more than pleased. She did a great job. She is very knowledgeable and pleasant to work with. I will definitely continue to be her client.

— Nancy Bailey, Posted March 30th 2023 on google

Wanjing was very helpful and knowledgeable. She helped file my family and I’s tax returns quickly and efficiently and was always patient in answering all my questions. I would definitely recommend her services to my friends and family. Thank you Wanjing!

— Helen Wu, Posted March 29th 2023 on google

Excellent income tax return services! My wife & I appreciated their professional, thorough, and prompt services.

— John Le, Posted March 29th 2023 on google

Wanjing Su is professional, knowledgeable and wonderful to work with. I've used some of the larger firms and struggled to get a response to my questions or advice, but Wanjing was available to answer and talk through any questions I had.

— Andrew Krakower, Posted March 28th 2023 on google

(Translated by Google) My sister is kind-hearted and enthusiastic. The tax filing service was very professional and fast. She’s very friendly and kind. Also she provided me with very professional tax return assistance. (Original) 姐姐人美心善又热情。帮忙报税十分专业，速度也很快。 She’s ver...

— wen wu, Posted March 22nd 2023 on google

Same day service. Extremely detail oriented. Very reasonable price. Will hire Ms. Su next year.

— J Huang, Posted March 8th 2023 on google

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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 & Bookkeeping in Sugar Land / Richmond, is that we know taxes!

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 Sugar Land / Richmond. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Bookkeeping in Sugar Land / Richmond!

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