Small Businesses

JK Associates, LLC, works with small businesses — Schedule C sole proprietors and joint ventures, LLCs, partnerships, S and C corporations.

NEW: Partnership and S-Corporation Schedules K-2 and K-3 filings (foreign activities) – On January 18th, 2022 the IRS released final guidance regarding these forms that expands the situations in which these forms are required to be filed and these 39 pages of forms may be required for your business even if the business does not have any foreign activites.    All owners of the partnership or S-corp must individually fill out the 2021 PTE Owner Statement (also available as a fillable PDF) before we can file your business return.  Please expect delays in your 2021 pass-through entity filings.

Whether you are thinking of starting a business or have a well-established company, we can provide:

  • Accounting
  • Reconciliation of bank accounts
  • Consultations as needed
  • Information about the pros and cons tax-wise of the types of entities for start-ups
  • Preparation of 1099-MISCs and estimated taxes
  • Preparation of tax returns
  • Preparation of Maryland Personal Property tax returns
  • Tax planning
  • Set up retirement plans, including SEPs, Simple IRAs, Keough and 401(k) plans

 Payroll

We do not prepare payroll. We recommend ADP and Paychex. They can prepare payroll more efficiently than we can. We can connect you with representatives from both companies.

Please read our annual reminder about 1099 Reporting Requirements for businesses and landlords – forms are due January 31st!

Let’s get started

To better understand your business, we need information from you. We have prepared the following brief questionnaire to help us be more efficient and thorough. Please download the PDF forms and complete as much as possible before our meeting. We’ll help you if you have any questions. If your business files a separate return, you must sign our engagement letter

Our 2021 Business Engagement Letter and Questionnaire is available to sign and fill out 100% online, just click on the link!  (this form is for business entities that file a separate return – if you are a sole proprietor filing Schedule C, please use the individual engagement letter and questionnaire)

Business Engagment and Questionnaire

If you cannot access the online form, here are the PDF versions:

2021 Business engagement

2021 Business Questionnaire

For your information:

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Give us a call. Let’s talk about how we can make your business grow and be compliant with the tax authorities.