Tax
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Tax
Finaloop Tax Features
File Federal & State Tax Returns
Sales Tax Tracking
Track, Send & File Form 1099
Expert consulting

Are you raising another round of capital? Entering into a strategic agreement? Going global? Finaloop is here to support your growth and find the best solution tailored for your needs. Our A-team of consultants is comprised of world-class tax experts, with deep business and financial knowledge. We are only an email or a call away.

We are Here for You, Anytime.
From initial to complex inquiries, from inception to exit. our team of experts has got you covered, providing prompt responses to help you navigate the ins and outs of bookkeeping, financial operations, tax planning and reporting of your eCommerce brand, retail business or startup.
Tax FAQs
What does Finaloop's Tax service include?

Tax includes full business tax preparation and filing service. Finaloop makes your life easier and save you money by smartly handling your taxes. We help you collect W-9 from vendor, prepare and file Form 1099, compute quarterly estimates, file Franchise Tax, and prepare and file your annual Federal Income tax returns, and up to two State income tax returns.

We also help you track your sales tax collection and filing deadlines by integrating to the sales tax software you use such as Taxjar, Avalara and others.

Our technology optimizes your taxes, and ensure you get alerts if certain expense and income ratios could lead to IRS tax audits.

Our tax experts, CPAs and tax lawyers with many years of hands on experience, review your filings to ensure they are accurate. We are always available to address questions, hear ideas and resolve issues, even in the middle of tax season, when many of the accountants are unreachable.

What types of entities does Finaloop support?

Finaloop can support your business taxes regardless of your status for tax purposes. We support C corporations, S corporations, Partnerships, and Sole Proprietors, including LLCs.

Can you prepare and file my personal tax return (Form 1040)?

Finaloop supports business tax filing. Our team does not prepare and file Form 1040, that is, an individual tax return. If your business income and expenses pass through to your individual tax return, we will take care of your business bookkeeping and tax and will pass all relevant information to your 1040 tax return preparer.

Let's understand what it means for you and your business: If you are a C corporation, the income is taxed at the level of the Corporation (Form 1120), and we can handle the Corporation's bookkeeping and tax start to finish!

If you are an S corporation, we will handle the bookkeeping and tax (Form 1120-S) of the S corporation and pass all relevant information to the 1040 tax return preparer of the Shareholders, to include in their individual tax returns.

If you are a partnership, we will handle the bookkeeping and tax (Form 1065) of the partnership and pass all relevant information (K-1 Form) to the 1040 tax return preparer of the partners, to include in their individual tax returns.

If you are a Sole Proprietor, we will handle the bookkeeping and tax of your business and pass all relevant information (Schedule C) to your 1040 tax return preparer, to include in your individual tax return.

If you do not have a tax preparer for your individual tax return, Finaloop can easily match you with a tax preparer within our network.

Still have questions? Feel free to reach out to our team if you have questions!

Does Finaloop prepares and files Federal Income Tax returns?

Yes, we do!

Does Finaloop prepares and files Form 1099?

Yes, we do!

Does Finaloop prepares and files Extensions?

Yes, we do!

Does Finaloop prepares and files State Income Tax Returns?

We currently prepare and file tax returns in up to two States.

If you are required to file State income tax returns in more than two States, please contact us, and our tax experts will help determine if Finaloop is a good fit for your needs.

What is the deadline for subscribing to Finaloop Tax?

You can subscribe to Finaloop in any given point in time, and we will handle your taxes. If you are behind on your taxes, we will help you get up to speed. However, in order to prepare and file your tax returns in a timely manner: If you have not yet filed an Extension for the 2019 Income Tax Returns with the IRS, you should subscribe with Finaloop by March 1, 2020, if your business is an S corporation, Partnership or Sole Proprietor, and by April 1, 2020 if your business is a C corporation.

If you have not filed an Extension for the 2019 Income Tax Returns with the IRS, you should subscribe with Finaloop by August 1, 2020, if your business is an S corporation, Partnership or Sole Proprietor, and by September 1, 2020 if your business is a C corporation.

Want to learn more about Federal and State tax deadlines that apply to your business? Check out our blog.

Can you support my business if it has foreign owners / subsidiaries?

Yes, we can. We support many customers with foreign owners or foreign subsidiaries. It requires certain adjustments and additional tax reporting requirements (such as Form 5471 or 5472). You will start your onboarding with Finaloop, following which we will work with you to address the foreign ownership issues.

Please note that we only deal with U.S. taxes, and will not be able to prepare foreign taxes (i.e., tax reporting in other countries).

Can Finaloop prepare and file my Sales Tax returns?

Following the Wayfair Case given in South Dakota, businesses are generally required to collect and file Sales Tax in the States they are selling regardless of whether they have physical presence in these States. Finaloop helps you track your Sales Tax collection and filing deadlines. We do so by integrating with some of the most widely used Sales Tax collection and reporting software such as TaxJar, Avalara, and others. Subscribing to a Sales Tax software is a requirement in order to access Finaloop's Sales Tax tracking service.

Have questions about your Sales Tax obligations? Contact our sales tax experts and we will help you figure things out!

Can Finaloop offer complex tax advice?

At Finaloop, we focus on your routine tax filing and reporting requirements, and we are always available by phone, email, or chart to address inquiries and ideas regarding your routine tax obligations and opportunities.

We do understand though that from time to time, there are unique tax situations that need special care, attention and consideration. It could be a large transaction that you are looking at, your next big contract, tax valuation, employee stock option issuance, a sale of your business or an acquisition of another business, international tax issues, penetration to new markets, and more.

Our team is always here to listen to your challenges and help you resolve them. Luckily, Finaloop has a network of excellent partners we can match you with to address any non-routine tax issues. From PwC, one the largest accounting firms in the world to local professionals, we are always here to help. We will give access to world-class experts for a fee structure you will not find anywhere else.

Finaloop is truly your one-stop shop for your finances.

Does Finaloop help with IRS Notices?

Of course. We are always at your back. As long as you are subscribed with Finaloop, we will help you address and respond to IRS Notices related to our services.

Does Finaloop offers Tax Reporting Accuracy Protection?

Yes. We so confident in our services that we offer $50,000 Tax Reporting Accuracy Protection in the rare and unlikely case of any penalties resulting from our services.

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