A business tax return reflects much more than a year’s income and expenses. Luma CPA & Advisory P.C. provides thoughtful tax preparation and filing for businesses navigating federal, state and multi-state requirements.
Business tax preparation requires an understanding of the organization behind the numbers.
Entity structure, ownership, transactions, business activity and state presence can all influence tax reporting.
Luma approaches tax preparation by first understanding the client’s situation.
That allows the filing process to reflect the business rather than treating every company as if its tax circumstances were identical.
Tax preparation and filing for corporations with applicable federal and state obligations.
Preparation of S-Corporation filings and related pass-through reporting considerations.
Tax preparation for partnerships with income and other tax items allocated among partners.
Tax compliance based on the LLC’s applicable structure and tax treatment.
A company’s filing responsibilities can extend across multiple jurisdictions.
This is especially important for businesses whose operations are no longer confined to a single state.
State activity can raise questions involving:
Luma’s experience with state taxation helps the firm address these issues as part of the broader tax preparation process.
A business return may require additional attention when:
Rather than waiting until a filing issue appears, understanding these circumstances during preparation can help identify matters requiring further attention.
A tax return looks backward at what already occurred.
Tax advisory looks forward.
When preparation identifies an issue that could affect future years, Luma can also work with clients through Strategic Tax Advisory.
That may include scenario modeling, entity considerations and planning around future transactions.
What types of businesses does Luma work with?
Luma’s services include C-Corporations, S-Corporations, partnerships and LLCs.
Does Luma handle state tax returns?
Luma provides business tax compliance involving federal and state requirements, including more complex multi-state circumstances.
What if my company operates in multiple states?
Luma specifically works with multi-state tax matters and can evaluate relevant compliance and planning considerations.
Does Luma provide tax planning too?
Yes. Strategic Tax Advisory is available for businesses seeking forward-looking tax planning in addition to preparation and compliance.
Can Luma work with my business virtually?
Yes. Luma works virtually with clients across the United States.
Where is Luma located?
Luma serves Greater Los Angeles and Orange County, California. In-person meetings are available by appointment.
