Launch CPA

At Launch CPA, we advise our clients on incorporating when the business has established a reliable business model with consistent revenue and an increased position of risk

Yes, you are required to file business tax returns despite having little or no activity

Generally, tax deadlines are as follows: Individuals April 15th for calendar year filers For fiscal year individuals, the 15th day of the fourth month following the close of the tax year Estates and Trusts April 15th for calendar year filers For fiscal year estates and trusts, the 15th day of the fourth month following the close of the tax year Partnerships and S-Corporations March 15th for calendar year filers For fiscal year partnership and S-Corporations, the 15th day of the third month following the close of the tax year C-Corporations April 15th for calendar year filers For fiscal year C-Corporations, the 15th day of the third month following the close of the tax year If the due date falls on a Saturday, Sunday, or legal holiday, the due date is on the next business day

Most taxpayers need to file extensions because they’re waiting for additional tax documents, are unable due to an emergency or illness, or just don’t have the time to gather all the tax documents and prepare the tax return

A six-month extension is granted when one is requested by the original due date on either Form 4868, Automatic Extension of Time to File U S Individual Tax Return or Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns

It is worth mentioning that an extension to file your tax returns is not an extension to pay the taxes due The extended due dates are as follows for calendar year filers: Estates and Trusts October 15th Partnerships and S-Corporations September 15th Some states automatically follow the federal extension

However, there are some states that require you to file a separate state extension

In order to calculate the extension payment, the return will need to be completed with as much information available at the time For any missing tax files, use estimates It’s better than excluding the information altogether

Growing businesses often reach a point where they need professional financial advice

Preparing your own income tax return can be a task that leaves you with more questions than answers

All businesses need some sort of organization to prepare for year-end and tax filings We can help!

• Sole Proprietors & Freelancers
• Partnerships, LLC, S-Corps, C-Corps

* Launch CPA LLP may receive a small commission from our partners/affiliates.

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“Let me handle your individual or business financial activities so you can focus on launching your business to the next level.”

– Bryant Park, CPA

Bryant brings over 12 years of experience in accounting and operations experience to his CPA firm.

Prior to his return to the private sector, he was an Assistant Manager at the County of San Diego, overseeing a department of 33 people. In addition to being the Managing Partner, he also has extensive project responsibilities that include new business development, client relations and coordination of financial reviews. He has over 12 years of accounting experience including but not limited to the operations, audit and financial analysis of both public and private companies across the United States.

Judson Ou, Partner of Launch CPA in Los Angeles, CA, brings over 11 years of experience in tax, accounting, and operations experience to his tax and consulting practice.

Prior to joining Launch CPA, Judson was a Tax Director at PricewaterhouseCoopers LLP. He specialized in asset management clients, focusing on venture capital and private equity funds. Judson prepared annual tax filings to ensure clients were compliant with all federal, state and international reporting regulations and also provided various additional consulting services. In addition to directly overseeing the team on his engagements, Judson managed staff deployment of the asset management department of over 100 members across various projects throughout the year, improving efficiency and maximizing resources for the department and firm.