Frequently Asked Questions

Have Questions? We're Here to Help

Why choose Trio Tax for tax preparation?

Trio Tax specializes in providing tailored tax solutions for small businesses ensuring affordability and transparency. Our seasoned tax preparers, many of whom are Enrolled Agents, understand your situation.

What documents do you need from me?

Ideally, you'll have a profit and loss statement (income statement) and a balance sheet to provide. But we realize many micro and small business owners do their own bookkeeping and may not have these. So, bank or credit card statements, receipts, and an expense totals sheet (we can email you one) will be helpful. You'll also need a government issued ID, your entity's EIN number, prior year's tax return if available, and any tax forms, such as 1099's that your entity received.

Can you prepare and file my individual tax return?

Yes! Most of our clients also want us to file their personal tax return, in addition to their entity's. In the case of a Partnership or S-Corporation, a K-1 form goes to each partner/shareholder, and this form is used to input the gain/loss onto the individual tax return.

What if I just have a sole proprietorship, can you do my taxes?

Yes! These businesses, whether or not they have a separate EIN, are treated as "disregarded entities", and appear on your individual tax return under Schedule C, or sometimes Schedule E.

Do you file returns for Trusts and Estates?

Yes! We can do some simple trusts and estates, form 1041 entities, call us to discuss your situation.

My business has no or very little income / no or very few expenses. Do I have to file?

In most cases, yes, and the IRS charges penalties for not filing these returns on time. Call us to discuss your situation in more detail.

What about Non-Profits?

Yes, talk to us about your non-profit, we can file the 990 series tax forms for you.

Do you offer bookkeeping or payroll services?

Yes, talk to us if you need assistance with your books or payroll. Depending on the situation, we can do this for you in-house with a monthly charge, or we can offer you a referral to one of our trusted partners.

What types of businesses do you cater to?

We work with small businesses in all kinds of industries, including consultants, designers and creative professionals, therapists and other health professionals, professional services firms, contractors and tradespeople, online sellers and e-commerce businesses, content creators, coaches and trainers, cleaning and home service companies, technology businesses, and other locally owned and owner-operated businesses. Every business is a little different, and that's part of what makes working with small businesses interesting. If you're not sure whether we're a good fit for yours, just reach out and ask!

What's the turnaround time?

Please try to provide us a complete upload as early in the season as you can, January or February, if possible, for a 1-2 week turnaround time. These business entity returns are due each year on March 15th, so, if you call during early March, it may take longer. However, we are happy to file an extension for you, free of charge, if your documents are incomplete, you need more time, or it is very close to the filing deadline. This way, we have an additional 6 months to get your return completed.