Services
Tax preparation, research, and planning
The practice is deliberately narrow: entities that pass income through to their owners, and the owners themselves. It is built around licensed private practices, and open to closely held businesses generally. Narrow means the hard questions in this lane are familiar ones.
What the practice covers
S corporation tax
Reasonable compensation, stock and debt basis, distributions in excess of basis, late election relief, and shareholder health insurance reporting.
Read more →Partnership tax
Tax-basis capital accounts, allocations with substantial economic effect, guaranteed payments, section 754 elections, and partner basis.
Read more →Individual tax
Multi-state residency and apportionment, equity compensation, rental activity, self-employment income, and quarterly estimates.
Read more →Licensed private practices
Twelve practice types, each with what is actually different about its return: therapists, dentists, optometrists, veterinarians and more.
Read more →Tax planning & strategy
Entity selection, compensation structure, retirement plan choice, and timing decisions, handled while they can still change the outcome.
Read more →Multi-state taxation
Income tax nexus, which is not sales tax nexus, sourcing rules that differ by state, nonresident owner filings, and the credit for taxes paid elsewhere.
Read more →Tax research
When a position is not obvious, the answer gets researched to primary authority and documented in the file, so it can be explained years later, to you or to an examiner.
Who this is built around
Licensed private practices
A practice owner’s return has a shape you learn to recognize: one or two owners, an S corporation or a partnership, payroll for the owner, and the same handful of questions every year. That is the work this firm is built around.
- Medical and dental. Dentists, optometrists, and veterinarians.
- Behavioral health. Therapists, psychologists, and behavior analysts.
- Allied health. Physical therapists, speech-language pathologists, audiologists, dietitians, acupuncturists, and nurse practitioners.
This is where the work concentrates, not a restriction on it. A closely held business outside these fields gets the same treatment, and the questions underneath are usually the same ones.
Scope
What this firm does not do
Being clear about the edges is more useful than claiming to cover everything.
- Monthly bookkeeping is handled by bookkeepz, LLC. When the books are kept current through the year, the return is quicker to prepare and there is far less to reconstruct at the end of it.
- Fractional CFO work (forecasting, capital structure, board reporting) is handled by SmallBizCFO, Inc., and generally suits companies past the stage where a tax return answers the question being asked.
- Audits, reviews, and compilations. PizzelloCPA, PLLC does not perform attest services. We issue no audit, review or compilation report and express no opinion or assurance on financial statements. If you need attest work, we will help you find a firm that provides attest services.
bookkeepz, LLC and SmallBizCFO, Inc. are affiliated companies of PizzelloCPA, PLLC. They are not CPA firms and do not provide attest services.
Not sure which of these you need?
That is a reasonable place to start. Bring the situation and we will scope it.