Documente Academic
Documente Profesional
Documente Cultură
Background
The Bike Shop jointly owned and operated by Sam Smith and Jane Jones was incorporated in
May 1, 1995. Sam Smith is the President and owns 70% while Jane Jones is secretary treasurer
owns 30%. The two are also full employee of the corporation.
Scope of Work
Obtain, review and evaluate all information about income and finances of The Bike Shop
Review prior years tax filling and tax liability status of The Bike Shop
Research and properly prepare 2012 tax form 1120 and ensure that tax liability is at its legal
minimum
Ensure filing of The Bike Shop 2012 Tax Returns within the stipulated time.