S corporation tax
The return, and the positions underneath it that decide what the return says.
- Reasonable compensation
- Stock and debt basis, tracked yearly
- Distributions against basis
- Shareholder K-1s
Certified Public Accountant · Greenville, North Carolina
Tax work for closely held businesses and the people who own them.
S corporations, partnerships and individual returns: prepared, researched and planned by a CPA who handles the return and the questions behind it.
The CPA firm for private practices. Therapists, dentists, optometrists, veterinarians and other licensed practices. Open to closely held businesses generally.
Andrew Pizzello, CPA · NC #45651
16 years in accounting and tax
Clients in any state, remote practice
Year-round, not seasonal
The problem with a filed return
A return can be correct and still be unconsidered.
The software will accept almost anything you type into it. It does not ask why.
Most of what changes an owner’s tax position happens before the form exists. Compensation, basis, timing, structure.
By the time a return is being typed, the year is closed and the decisions are already made. The filing records them. It cannot revisit them.
So the useful question is not whether the return was filed correctly. It is whether anyone reasoned about it.
What you are actually paying for
Every line has a margin. This is what goes in it.
Working paperS corporation · private practice
01
Officer compensation
Wages to the owner who works in the business
02
Shareholder basis
Carried forward, year over year
03
Distributions
Cash taken out that is not payroll
04
Reimbursed expenses
Home office, mileage, equipment
Is the salary defensible for this role, these hours and this industry, if someone asks? Reasonable compensation
Has basis been tracked every year, or reconstructed in the year it finally mattered? Stock and debt basis
Does basis support what was actually taken out, checked before the year closed and not after? Distributions in excess of basis
Is there an accountable plan behind these, with the documentation it requires? Accountable plan
None of this appears on the form. All of it decides what goes on it.
Three returns
And the reasoning underneath them.
One CPA prepares all three, which is the point: the entity return and the owner’s return are the same conversation.
Partnership tax
Allocations that follow the agreement, and capital accounts that survive being read.
- Special allocations
- Capital account maintenance
- Guaranteed payments
- Partner K-1s
Individual tax
Where the entity work lands. Owners are not a separate engagement from their businesses.
- Flow-through from K-1s
- Multi-state residency and sourcing
- Estimated payments
- Year-round planning
How the work is arranged
Everything starts at the CPA firm.
Work that falls outside a CPA engagement routes to a company built for it, rather than being stretched to fit.
PizzelloCPA, PLLC
Tax preparation, research, and planning for S corporations, partnerships, and individuals. This is the front door.
bookkeepz, LLC
Monthly closes, clean records, and books that are ready to file from rather than rebuilt every March.
SmallBizCFO, Inc.
Forecasting, capital structure, and the financial questions that outgrow a tax return.
bookkeepz, LLC and SmallBizCFO, Inc. are affiliated companies of PizzelloCPA, PLLC. Neither is a CPA firm and neither provides attest services.
Working together
What working together actually looks like.
01
A call, before anything else
No intake form standing in for a conversation. We establish whether this is a fit before either of us commits.
02
A written engagement and a fixed scope
What is included, what is not, and what it costs. In writing, before work starts.
03
Documents through a secure portal
Not email attachments. A checklist you can see the state of, at any hour.
04
Preparation, review, and the questions
The part this page is about. The questions come back to you before the return is finished, not after.
05
Filing, then the next twelve months
Filing is the start of the next year’s planning, which is the only time planning can still change anything.
16Years in accounting and tax
10Years as a licensed CPA
Any stateClients served remotely
#35339NC Board firm registration
Andrew Pizzello, CPA holds a Master of Science in Accounting and North Carolina certificate #45651. PizzelloCPA, PLLC is registered with the North Carolina State Board of Certified Public Accountant Examiners, firm #35339.
Who we work with
The practices we know best.
Each page covers what is actually different about that practice’s return, not a longer version of the same advice.
- Therapists & counselorsLPC, LMHC, LCSW and LMFT practices, including group practices with associates.
- Psychologists & psychiatristsDoctoral and prescriber practices, including forensic and testing work.
- Optometrists & ophthalmologistsEye care practices, with or without an optical dispensary or an ASC interest.
- DentistsSolo and small group practices, including acquisitions and associate arrangements.
- VeterinariansSingle doctor practices through small group hospitals, including practice sales.
- Physical therapistsOutpatient clinics mixing insurance and cash pay, including mobile practices.
- Speech therapists & SLPsPrivate practice SLPs, including school district contracts and teletherapy.
- Acupuncturists & TCMAcupuncture and traditional Chinese medicine practices, including herbal dispensaries.
- Nutritionists & dietitiansNutrition practices, including course, membership and affiliate income.
- BCBAs & ABA practicesApplied behavior analysis practices staffing RBTs and behavior technicians.
- AudiologistsHearing practices dispensing devices, including bundled pricing models.
- Nurse practitionersIndependent and collaborative practices, including aesthetic and telehealth.
All the private practices we work with →
Latest insights
Notes on the questions that keep coming up.
Greenville, North Carolina · clients in any state
Talk to a CPA, not a queue.
Book a consultationOr write to hello@pizzellocpa.com · 252-351-2300