Unexpected liabilities
Results change during the year, but estimated payments and cash plans are not updated to reflect those changes.
Annual Tax Planning & Compliance
Year-Round Tax Planning and Compliance for Business Owners
Plan business taxes before deadlines and prepare the business returns included in the engagement. Langley CPA helps owners organize obligations, evaluate likely tax consequences, and plan before transactions close or the calendar reaches year-end.
12-month renewable engagement · Subject to fit and a signed engagement letter
Fit and readiness
Who this engagement is for
This engagement is generally designed for established business owners who want tax work connected to current business activity—not limited to preparing a return after the year has ended.
- Owners who want business tax projections before year-end
- Companies that need a dependable tax calendar and estimated-payment awareness
- Businesses making transactions that may affect the entity and its owners
- Management teams that want tax decisions coordinated with current financial information
What owners encounter
Common tax problems business owners face
A filing deadline is only one part of tax management. The larger difficulty is often recognizing an issue early enough to evaluate available choices.
Year-end decisions made too late
Compensation, equipment, distributions, and other major actions occur before their tax consequences are considered.
Disconnected owner and business planning
Entity-level decisions can create owner-level consequences that are missed when the two are considered separately.
Fragmented deadlines and records
Management lacks a clear calendar or complete information for business returns, elections, and other required filings.
Defined responsibilities
What the engagement may include
The exact work depends on the business, its filing obligations, and the responsibilities stated in the engagement letter. A defined engagement may include:
Business tax projections
Use available current-year financial information to estimate business and owner tax consequences and improve payment awareness.
Planning before year-end
Evaluate material transactions, compensation, purchases, distributions, and other decisions before they occur when timing permits.
Organize tax deadlines
Identify agreed filing dates, information deadlines, and estimated-payment considerations so management can prepare.
Business return preparation
Prepare the federal business income tax return and other specifically listed business filings included in the written scope.
Owner and entity coordination
Consider how entity-level activity may affect owners and coordinate agreed information needed for related tax work.
Review current financial information
Use available accounting results in tax projections; reliable planning depends on complete, current records supplied by management.
Ongoing relationship
What working together looks like
Annual Tax Planning & Compliance provides year-round planning and return preparation through a 12-month renewable engagement.
- 01
Define responsibilities
The engagement letter identifies covered entities, returns, planning work, information deadlines, and each party’s responsibilities.
- 02
Maintain the tax calendar
Langley CPA and management track the agreed information, projection, payment, and filing milestones during the year.
- 03
Plan from current facts
Available financial results and known transactions are evaluated at appropriate points rather than waiting for the return deadline.
- 04
Prepare returns and plan ahead
Business returns included in the engagement are prepared from the information provided, and we discuss the next year before the engagement renews.
Engagement boundaries
What is not included
Unless a written engagement letter says otherwise, the recurring engagement does not include:
- Legal advice, investment advice, securities advice, or immigration advice
- A guarantee of tax savings, refunds, audit outcomes, or elimination of tax liability
- Audit or review procedures, assurance services, or verification of management-provided information
- Representation in notices, examinations, appeals, litigation, or other controversy matters
- Amended returns, substantial historical analysis, transaction due diligence, or valuation work
What a prospective client should expect
- 01
An initial fit assessment before the firm offers an engagement
- 02
Requests for timely, complete financial and tax information from management
- 03
Direct discussion of material uncertainties and decisions without promises of a particular tax result
Tax projections depend on assumptions, current law, and information available at the time. Exact responsibilities and deliverables are governed by the signed engagement letter, and results are not guaranteed.
Frequently asked questions
Questions prospective clients often ask.
Is this only business tax-return preparation?
No. Return preparation may be part of the engagement, but year-round service also allows for planning, projections, deadline management, and consultation on covered business matters.
Are my personal tax matters automatically included?
No. Coordination between business and owner matters may be necessary, but any owner return, individual planning, or other personal work must be specifically identified in the engagement letter.
Can you help with an IRS or state notice?
Potentially. Notice response and controversy work are outside the standard recurring scope and are separately evaluated and quoted as a Special Project.
What information is needed for useful planning?
Current accounting records, prior filings, payroll and owner information, known transactions, and reasonable forecasts may be needed. The exact request depends on the business and the question being evaluated.
A practical next step
Discuss whether Annual Tax Planning & Compliance fits the business.
Start with the complimentary diagnostic when you want a detailed review of your business, tax situation, or both. Send us a message when you already know the service or Special Project you want to discuss.