Ceterus Tax Overview: What to Expect – Ceterus

The most successful entrepreneurs have access and take advantage of a professional accountant to guide them through their tax and compliance needs. The Ceterus solution works with your existing trusted CPA, if you have one. If you don't, we can provide you with a complete solution that includes done-for-you accounting and benchmarked reporting as well as tax and compliance consulting. Here's what to expect if you have added (or are considering adding) Ceterus Tax as a part of your Ceterus experience.

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Why Ceterus Tax

Tax Deadlines

Key Dates

Tax Pricing

Tax Types

Why Ceterus Tax

It's no secret that for some entrepreneurs (whether they are new to the business or have been an owner for years) can provoke anxiety, confusion, and many headaches right after a busy holiday season. We set out to deliver a done-for-you accounting and benchmarked reporting solution that would help entrepreneurs and their accountants. What we found was many entrepreneurs don't have a CPA to help with tax planning and preparation. We are here to change that.

Ceterus tax allows you to have your cake and eat it too. With a done-for-you accounting solution and benchmarked reporting combined with tax planning and preparation, our service replaces your many tax questions with expertized answers, anxiety with relief, and headaches with contentment knowing that your returns are in trusted hands. Pairing technology with a team of specialized CPAs means we can handle the complex task of your taxes. If you already have a trusted CPA, we can work with them to simplify your tax preparation.

Tax Deadlines

The IRS mandates tax returns be completed by key deadlines. The below grid should explain what is due and when depending on your tax filings required.

March 15th	April 18th
S Corp Tax Returns	C Corp Tax Returns
Partnership Tax Returns	Personal Returns
Extensions Filed (if necessary)	Non-Partner/Non-S Corp LLCs
	Extensions Filed (if necessary)
September 15th	October 16th
Extended S Corp Tax Returns	Extended C Corp Tax Returns
Extended Partnerships	Extended Personal Returns
	Extended Non-Partner/Non-S Corp LLCs

Key Dates

In addition to the mandated IRS deadlines, there are some key dates to make sure you are well prepared for tax season.

Today!: Resolve any pending Action Center items in Edge. This is especially critical for any marked as High Priority as these will impact the likelihood of your tax returns being completed by the IRS mandated deadlines.
December: Start reviewing your financials throughout the year. This is the best time to schedule a call with your Financial Consultant to discuss any changes to your books. If you have questions about tax specific impacts, this is also a great time to schedule a consultation call with our Director of Tax, Kevin Werkman, before the bulk of tax work picks up.
Mid January: Review your final year-end financials. These are typically complete mid-January depending on your specific financials due date. Once you receive your December financials are closed notification, this will be a sign to review your year-end financials to make sure everything is up to date.
February - April: Keep an eye out and be attentive to tax related communication from us. This may come directly from a Tax Associate (support@ceterus.com) or as a Ceterus email if mass communication and alerts are necessary. Either way, this information will help you stay up to date on your specific tax filings as well as any tax announcements along the way.

Tax Pricing

We offer Company Tax at $90/mo or $1080/yr, and Personal Tax at $40/mo or $480/yr.

Questions about Tax Pricing? Click Here!

Tax Types

There are various types of tax forms the IRS may require of your business. Understanding these will be helpful in knowing what to expect during tax season and key deadlines.

Primary Tax Forms

The Form 1120 is used for Corporate Income Tax Returns. If you are a tax classification C Corp or S Corp you will have either a standard Form 1120 (C Corp) or Form 1120S (S Corp). This is the most common tax form for corporations.

If you are identified as a Partnership, you will file a Form 1065. This form can still be filed by LLCs that have this specific tax classification. If you file a Form 1065 you will also receive a completed Schedule K-1 when this has been filed.

If Ceterus is completing your personal or individual taxes, this will be done in the matter of a Form 1040. These are due on April 15th or October 15th if you have an extension.

The Form 8879 is the declaration document and signature authorization for an e-filed return. Since Ceterus e-files our returns, this is a key document needed for each return in order to submit to the IRS. This is the final form necessary and a sign your returns are ready to be submitted with your permission. Ceterus will not submit any tax returns without this form signed.

Additional Tax Forms

Schedule K-1s are federal tax documents prepared for partnerships to be included with each partner's personal tax returns. K-1s are provided with the completed business return. Ceterus is unable to provide this prior to the business return being complete. If you require a K-1 for your personal taxes, you will need to wait until that is received before you can submit your personal tax return to the IRS.

A 1099 form may be required to report any non-employment income, such as work done by an independent contractor. This is generally required for any vendors paid more than $600 throughout the year. Ceterus provides a 1099 Manager tool in Edge to assist with these filings. If you are curious who may need a 1099 for your businesses, please review our 1099 articles here.

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