Tax Services

Business Tax Services

It's our job to be on the lookout for new legislation and tax rules so we can reduce tax liabilities for our clients. We methodically review your paperwork, receipts, and past tax returns and employ tax strategies that will help you to retain more of your income.

Trusted Experts

Even with the best tax software, nothing can beat the satisfaction of meeting with a tax professional and avoid costly outcomes down the line.

Save Money

Save money on taxes and retain more of your business income through strategic tax preparation and professional recommendations. 

24/7 Assistance

We are here when you need it. Call or text us to with questions or concerns anytime.

Types of Corporations

Sole Proprietors (Self Employed)

The owner and the business are legally the same. All business income, expenses, assets, and liabilities are assumed by the owner. Make the best of your business losses and minimize your tax liability.

General Partnerships (1065)

Like Sole Proprietors, the business and its owners are treated the same. These partnerships will divide their share of assets and liabilities according to their percentage owned. Partnerships can be great for tax purposes when done correctly.

Limited Liability Companies (LLC)

The business and its owners are legally separate. LLCs are treated like partnerships for tax purposes and are “pass-through” entities which means no tax on the LLC”s income.

S Corporations (1120S)

A separate legal entity from its business owners. S corps, like LLCs, are pass-through entities so they are not subject to double taxation like C Corporations are. This allows for great tax flexibility.

C Corporations (1120)

Corporations pay taxes on their income and then a second tax is paid on owner’s dividends. C Corps are great for developing business who offer shares to their investors.

Non-Profit Entities (990)

Nonprofits are not subject to pay any federal taxes when they turn over all income to individuals or organizations who are lawfully recognized as charitable. Nonprofits must file taxes to stay compliant.

How Sky Tax & Accounting Works

Meet With Your Tax Preparer

Initial consultation to access your tax situation and plan accordingly.

Send Tax Forms

Transfer access to your accounting records such as balance sheet, income statement, statement of cash flows, etc.

Prepare Tax Return

We will review accounting and bookkeeping records to prepare the tax return.

Review & Sign

We will review return after we complete the initial return. You must sign the tax return then the tax report is processed and sent to the IRS.

Make an appointment

Call us at 863-337-5989 to schedule an appointment. ¡Se Habla Español! Or visit us at 5210 US Hwy 98 N 
Lakeland, FL 33809. Drop us a message with any questions or concerns you have and we'll get back to you.

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