Accounting and Tax Services
Sharon Choi, CPA. is an accounting firm that provides various services to support small to mid-sized companies in Austin and surrounding areas in Texas. We are committed to providing quality services to our existing clients and creating opportunities for new clients.
Our services mainly include accounting services such as bookkeeping, payroll, and financial reporting, taxation-individual, and corporation tax. Since we offer a wide range of services to clients, the comprehensive services may vary depending on our client’s specific needs.
– Sharon Choi, Texas Board Certified Public Accountant
Small Business and Corporations
Formation and Incorporation
We provide services for different type of business formation with a state, and filing and receiving EIN (employer identification number with IRS) and resale certificate (with state or county). We can also consult or answer your questions regarding tax issues.
No matter what type of financial situation you have, our team of experts will provide the best course of action. We serve clients in the greater Austin area with both individual and business needs.
Accurate financial information is essential for all business managers to make informed, timely decisions. We can provide bookkeeping services to facilitate the accumulation of this financial information. This service includes entry of accounting transactions – vendor bills, customer invoices, bill payments, customer payments and deposits, and other disbursements and withdrawals. We also maintain complete and up-to-date detailed Accounts Receivable, Accounts Payable and cash account ledgers and provides weekly, monthly or annual reports on these and other critical areas of business management.
We provide Payroll services including quarterly and annual payroll returns and payroll processing. Attempting to do payroll on your own for your small business could put you at risk of facing IRS penalties and fines, late tax filings, and unhappy employees. The payroll service allows you to take care of wages, the filings, calculations, forms, and other headaches for you.
We provide customized management reports, financial reports, decision and analysis reports, and fixed asset reports. We can help you contain costs and profitability through guidance and consultation.
We stay up-to-date on all the regulatory and legislative developments so you don’t waste time and energy trying to make sense of all the accounting complexities. Contact us today and see how we can help you.
We provide individual tax return preparation services reflecting individual client’s needs based on various employment status, asset management, and family formation. It’s important to understand the basics of individual’s responsibility for income tax. Some of the terms and definitions that you should be aware of are taxable income, gross income, adjustments, business deductions, deductible charity or donations, standard and itemized deductions, capital gain and loss, tax credits (e.g.: child credit, earned income tax credit, foreign tax credit, etc.), gift tax, alternative minimum tax, effective income tax rates, tax returns, tax payments, and tax penalties.
Corporate Tax Filings
We have extensive tax experience in the preparation of S and C Corp, Limited Liability Company, Partnership or Sole Proprietor tax returns. A properly prepared tax return can be filed to minimize the tax owed. Over the years,100's of small business Federal and State tax returns have been prepared for both service and manufacturing company clients.
Our tax preparation services include:
Business Tax Return Preparation
Gift & Estate Tax Return Preparation
Partnership & Corporate Tax Preparation
Amendments for Previous
Errors and omissions in preparing tax returns can occur easily. No matter when or how you become aware of a mistake, what makes it all the more exasperating is that the outcome is not within your direct control. Tax practitioners may be able to take corrective actions to eliminate or at least mitigate liability exposure.
IRS Audit Support
Our IRS audit support team can assist you through the audit process and help you become compliant with IRS requirements. (Correspondence IRS audit, Notice of office audit, IRS Field audit, TCMP (Taxpayer Compliance Measurement Program) audit)
Please note that SHC Accounting Services cannot act as your legal counsel or financial advisor or otherwise represent you in connection with an audit.
If you receive an audit notice from the IRS for tax return filed with SHC Accounting Services, contact us and we will appear with you at the audit to explain how your tax return was prepared.
Contact us to see how our accounting expertise and personalized services can save you time, money, and frustration with managing your finances.
Sharon Choi, CPA
12871 Research Blvd. Suite 200, Austin, TX 78750