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CORPORATIONS

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 We provide the following services for corporations:
 
Income tax preparation
 

  • Limited Liability Corporations and Partnerships - prepare Form 1065, state returns and associated K-1s​

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  • S-Corp - prepare Form 1120S, state returns, and associated K-1s​

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  • C-Corp - prepare Form 1120 and state returns

 

 

Business consulting

 

  • Business entity selection (e.g. LLC, S-Corp, C-Corp)​ - advise clients on the best form of incorporation for their business based on an understanding of client's tax strategy, financing strategy, business strategy and ownership/voting rights.

 

  • Financing needs - advise clients who have needs to borrow funds for growth and acquistions. This includes introductions to lending officers and assisting with financial data and business plan preparaton/updates.

 

  • Business analysis and analytics - transform client transactional data into key metrics for analysis and reporting.

 

  • Business plans and projections - assist clients with preparing or updating the business, industry and financial sections of their business plans.

 

  • Internal control reviews - identify key internal controls, test the effectiveness of the controls and recommend how to strengthen internal and monitoring controls.

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Bookkeeping, accounting and employment services

 

  • Financial statement preparation

 

  • Account reconciliation and monthly bookkeeping

 

  • Prepare employment forms for FUTA, SUTA, Form 941

 

 

Approach to client service
 

MFS primary focus is excellent client service which includes:

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  • Accurate and timely tax preparation and consulting services;

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  • Update tax and financial projections periodically throughout the year keeping you informed of how changes in income and finances impact your tax liability;

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  • MFS has developed a strong network of professionals such as wealth managers, attorneys and bank officers to assist clients with personal financial planning; estate planning; bank financing; employment and legal issues; etc.

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  • Always available to clients for their questions and needs

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