Business Tax Services in Staten Island NY
Running a business means more than meeting sales goals — it means staying in line with city, state, and federal tax rules that change constantly. Business owners across Staten Island turn to Shibu P Thomas, EA, MBA, MS because we bring decades of proven tax experience and a deep understanding of IRS regulations that apply to local enterprises. We don’t just prepare your return — we shape your tax year before it even starts.
Our business tax services in Staten Island, NY, go far beyond forms and deadlines. From depreciation calculations under MACRS to identifying industry-specific deductions through IRS Section 162, we use strategic filing methods to reduce your business’s tax liability. Our goal is to ensure fewer surprises, more accurate returns, and more money left in your hands to reinvest.
5 Business Tax Myths — Debunked
- Myth: Only large companies are required to pay.
- Fact: All businesses, big or small, must report earnings and may owe taxes every year.
- Myth: Claiming space means you'll get audited.
- Fact: You can claim a home office if used only for work; this is legal and common.
- Myth: New businesses skip taxes in the first year.
- Fact: Even without profit, startups must still file tax forms to avoid later fines or trouble.
- Myth: All work spending can reduce your taxes.
- Fact: Only ordinary and necessary costs count; personal or extra spending doesn't qualify as business expenses.
- Myth: Extra time means a delay in payment, too.
- Fact: Extensions only give more time to file forms—not more time to send your tax payment.
What We Offer And How We Do It
We provide business tax services in Staten Island, NY, backed by detailed methods, long-term planning, and regulatory knowledge sharpened by experience.
- IRS Section 179 deduction planning
- Form 941 payroll tax compliance support
- Business structure tax impact analysis
- MACRS asset depreciation tracking
- Quarterly estimated tax setup
- Sales tax registration and review
- NYC Unincorporated Business Tax filing
With clear systems in place, Shibu P Thomas, EA, MBA, MS helps clients report clean, claim right, and file without errors — year after year.