Our Services

We are your comprehensive Accounting solutions partner.
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Full Service Accounting

Expert solutions tailored to startups, growing businesses, and established experts. We take care of the heavy lifting.

Bookkeeping

Dedicated bookkeeping specialists. Powerful AI and machine learning help track the business’s financial transaction automatically.

Payroll

Easy to use, simple payroll! Automatic direct deposits, pay stubs and payroll tax notifications directly to your email

Business Taxes

Seamless filing & compliant tax preparation for LLCs, corporations and sole proprietorships. Always filed by a licensed CPA.

Sales Tax Filings

Calculating sales tax in real time, all the time. Sales tax is complex, every state is different. Accuracy matters.

CFO Services

Full service support. Ourtax experts are here to help, on demand. We'll help you make those tough business decisions.

Small Business Relief

During these unprecedented times, Wisdom Books is here to help. Our clients are our first priority. Get expert support with PPP and SBA loans.

Automation Tools

Automatic monthly updates for all financials. Receive email notifications tailored to your business expenses.

Monthly Reporting​​

Be in the know. Easy to use income and expense charts, get real-time, accurate information to make the right business decisions.

Business Strategy​​

Dedicated financial experts who know your business inside and out. Together, we’ll set up the right financial foundation for your business success.

Rise to the top

Confidence

Confidence in the knowledge that, when working with Wisdom Books, you’re getting the best service, from expert CPAs along with complete and accurate financials delivered monthly.

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We're partners in business

We have the knowledge and experience to advise on the needs of your business. No matter what stage of the business life cycle you’re at, we will meet you there.

Best Practices

Modern accounting

We combine the latest in technology and experts to provide time-saving, easy-to-use, and affordable financial services to start-ups, small businesses, and growing established entities.
We Have Great Answers

Frequently Asked Questions

A limited liability company is a popular choice for small business owners who want a more formal business structure than a sole proprietorship or partnership. An LLC helps the business owners limit their liability for business obligations. Compared to a corporation, an LLC is flexible in the way the business is run and profits are distributed. In some states, LLCs have less strict record-keeping requirements than corporations. LLCs are also flexible in their tax status. By default, an LLC is taxed in the same way as a sole proprietorship or partnership. If you’re an LLC owner who works in the business, the Internal Revenue Service (IRS) considers you self-employed. You’ll file an LLC tax return on Schedule C of your personal return, and you’ll pay self-employment taxes and income taxes on your share of the company’s profits. But LLCs can also choose to be taxed as a corporation. Some LLC owners save money by electing S corp. tax status.

Not all businesses are eligible to be taxed as S corporations. You must meet the following requirements:

  • You must be a U.S. business
  • You can’t have more than 100 owners
  • Owners can be individuals and certain types of trusts and estates, but S corps. cannot be owned by partnerships, corporations, or non-resident aliens
  • There can only be one class of stock

S Corp. Disadvantages

For most small businesses, there are few drawbacks to S corporation taxation. Depending on your business, switching to an S corp. may mean filing additional tax forms or setting up a payroll system. If your company isn’t making much money, these additional hassles may outweigh the benefits. An S corp. may also not be the right choice if you plan to bring in outside investors or retain profits in the company bank account. In these situations, a C corporation is sometimes a better option.

C corps are separately taxable entities. They file a corporate tax return (Form 1120) and pay taxes at the corporate level. They also face the possibility of double taxation if corporate income is distributed to business owners as dividends, which are considered personal taxable income. Corporate income tax is paid first at the corporate level and again at the individual level on dividends.

C-Corps can have any number of shareholders from anywhere in the world, while S-corps must have 100 or fewer shareholders, all of whom must be U.S. citizens. Additionally, S-Corps cannot be owned by other S-Corps, C-Corps, LLCs, or trusts, which could make the business difficult to sell in the future.

 

While C-Corp status allows for large-scale growth, and the flexibility to sell the company in the future, the S-Corp shareholder limitations may be beneficial for businesses who want to stay small and closely held

Yes! Deciding on a business entity type isn’t as glamorous as deciding colors for your logo, but it’s just as important. The entity you choose—whether it’s an “S” corporation, LLC, or sole proprietorship—comes with longstanding tax implications, both good and bad. Our tax consultants can help you evaluate the pros and cons of each one, so you can choose the most advantageous entity type for your business.

Our staff consistents of US licensed CPAs, tax accountants, bookkeepers and payroll specialists. Our CPAs have over 20+ years of experience with expert tax solutions.

Absolutely! By diving into your business expenses, reconciliation and classification, we can help determine which items are deductible and if there is anything you might be missing!

Our firm does everything from basic bookkeeping to payroll to large-scale entity tax filings. Do not hesitate to reach out to us to see if we can help!

  1. C-Corps (1120) are due April 15th (for calendar year end businesses) or 3.5 months after your fiscal year end
  2. S-Corps (1120S)  are due March 15th.
  3. LLCs are due March 15th.
  4. A 6 month extension can be filed at anytime prior to the due date of your return.

Great Companies Are Built on Even Greater Books

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