Small Business Tax Advisors

Here at Oak Hill Tax and Accounting LLC, we recognize how busy it can be, making sure your business is up and running smoothly. Our company can assist you by staying on top of your financial picture, so you can focus on doing what you love and keeping your business operations solid. The success of your business is our main priority; call us today!

What to Expect When Working with Oak Hill Tax

All services can be tailored to individual and business needs, but on average, you can expect the following expert-level services on an annual basis. The more we know about your business, the better we can help you navigate your business's financial aspects. That is why it is important to us to build a relationship with our clients and become one of your most trusted advisors. We also believe in a team approach – if you have a financial advisor, attorney, or another trusted advisor, we love to partner together to make the best overall decisions for you and your business

Year-End Tax Planning

We will schedule an initial 30-minute Zoom call with you to discuss current happenings in your business and future plans and compile a list of questions/concerns you may have regarding your business's tax and accounting aspects. We will then review your current financials and develop a tax plan for the year, using strategies in the following areas:

  • Tax minimization through potential re-structuring

  • Relevant changes in legislation

  • Research and discuss any applicable credits or other deductions for your business

  • Future family/estate planning issues

  • Wage plans for S-Corp owners

We will then schedule a 60-minute follow-up meeting or Zoom call to sit down with you to talk you through your options and tax plan.

Annual Tax Return Preparation – Business and Individual Filings

Preparation of annual income tax return and other Business Filings for the year, including:

  • Preparation of Business Tax Return (Form 1120, 1120S, 1065)

  • Preparation of Individual Income Tax Returns for the partners of the above-named business

  • Preparation of 1099/1096 forms for Independent Contractors (up to 5 forms included)

  • Preparation of other Annual filings required for your company, as needed and agreed to

Other Accounting Services

Spot-check QuickBooks Online account quarterly to determine if accounts reconcile and/or any large adjustments should be discussed or reclassified. If transactions are unclear, we will ask you to verify the transaction's nature to determine proper reporting.

  • Reconcile the general ledger accounts in your QuickBooks Online accounts with your bank, credit card, or loan statements.

  • Provide year-end journal entries to reconcile your books to the tax return

Other Services Available To Small Business Clients

Additional Consulting and Advanced Research

General Consulting and Advanced Research outside of the scope listed under the “Year-End Planning” section of this agreement will be carried out as requested and will be charged on a per-project basis that will be discussed ahead of starting the project. There is no charge for general tax information throughout the year or research done in connection with preparing your annual tax return.

Some examples of additional consulting and advanced research project are as follows:

New advisory service and best practice planning for your business

  • New business structuring

  • Strategic planning meetings with Oak Hill Tax and your Team

Please note we cannot provide any legal advice or draft contracts; however, we can offer suggestions on contracts necessary that might impact your business and refer you to a legal representative that can assist you with the preparation of those contracts.

Some years you will have more going on with your business, and we can help. Some additional services we offer our clients are as follows:

Ongoing Training and Support for Quickbooks

Training and support for your team as required, including:

  • Setup of new staff members, vendors, and accounts as needed

  • Text message support for quick questions from your team

  • VIP-level support/screen sharing on the application when needed

Please note that Oak Hill Tax and Accounting LLC offers additional support packages to help our clients transition their accounting software as needed. The most common conversions are from QuickBooks Desktop to QuickBooks Online. If you need help with this transition, please contact us for a price quote.

Technology

We serve as your Innovation Advisor to help you find the right mix of technologies to help your organization succeed. Even the most tech-savvy leaders can benefit from having a partner to determine which technology initiatives are suitable for your firm.

We will work with you to develop your company's long-term vision and choose the correct hardware, software, and other technology to improve your digital impact

Some of the more common areas we focus on to offer the best technical solutions to help you achieve your goals are

Data analytics and information management

  • Cloud services

  • Digital and emerging technologies

  • Cyber and information technology (IT) risk

  • Industry insights and trends

Our team is well versed in industry trends and best practices. Let us guide your decision-making process to ensure that your company thrives.