Industries We Serve | Shah & Associates, CPA, PLLC

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Rental Properties

Whether you own one rental or a growing portfolio, rental property tax requires specialized knowledge. Schedule E, depreciation strategies, passive activity loss rules, and multi-property reporting are our bread and butter.

What We Handle

Schedule E preparation for all rental properties

Depreciation calculations and cost segregation

Passive activity loss rules and carryforwards

Multi-property portfolio reporting

Short-term rental (Airbnb/VRBO) tax treatment

Key Forms

Schedule E Form 4562 Form 8582 Form 1040

Talk to us about Rental Properties

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Gas Stations and C-Stores

Fuel retail and convenience operations have one of the most complex tax profiles of any small business. Inventory accounting, fuel tax compliance, cash reconciliation, and high transaction volumes require a CPA who knows the industry.

What We Handle

Inventory accounting and cost of goods sold

Fuel tax reporting and compliance

Cash reconciliation for high-volume operations

Employee tip reporting and payroll

Multi-entity structure for fuel and retail separation

Key Forms

Schedule C Form 1120-S Form 8300 Form 720

Talk to us about Gas Stations and C-Stores

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Medical Practices

Physicians, dentists, and independent practitioners face unique financial decisions, entity structure, retirement planning, payroll tax optimization, and practice overhead management. We help practitioners build financially sound practices.

What We Handle

Entity structure optimization (S-Corp vs sole proprietor)

Payroll setup and quarterly filings

Retirement plan selection (SEP-IRA, Solo 401k, SIMPLE)

Practice overhead deduction strategy

Multi-provider partnership tax reporting

Key Forms

Form 1120-S Schedule K-1 Form 5500 Form 941

Talk to us about Medical Practices

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Hospitality

Restaurants, hotels, and hospitality businesses deal with tip reporting, seasonal staffing swings, high payroll complexity, and thin margins. Getting the tax strategy right can make a meaningful difference to your bottom line.

What We Handle

Tip reporting compliance and allocation (Form 8027)

Seasonal payroll management and 941 filings

Food and beverage cost accounting

Sales tax compliance for food service

Depreciation on equipment and leasehold improvements

Key Forms

Form 8027 Form 941 Schedule C Form 4562

Talk to us about Hospitality

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Sole Proprietors

Self-employed individuals and freelancers often overpay in taxes simply because they do not know what they can deduct. We handle Schedule C filing, quarterly estimates, and year-round advisory to keep more money in your pocket.

What We Handle

Schedule C preparation and deduction maximization

Quarterly estimated tax calculations and reminders

Self-employment tax planning and reduction strategies

Home office and vehicle deduction documentation

Transition planning from sole proprietor to LLC or S-Corp

Key Forms

Schedule C Form 1040-ES Form SE Form 8829

Talk to us about Sole Proprietors

Not Sure Which Applies to You?

Most clients fit more than one category.

A landlord who is also self-employed. A medical practice that owns its building. A gas station with a catering operation. We handle the full picture.

Multiple income streams

W-2 job plus rental income plus freelance work, we handle the full return.

Growing out of sole proprietor

Ready to form an LLC or elect S-Corp status? We handle the transition and the tax strategy.

Not sure what you need

Tell us about your situation and we will tell you exactly what applies. No obligation.

Get Started

Talk to a CPA who knows your industry.

Free consultation. No commitment. We will tell you exactly how we can help.

Schedule a Consultation Call: 704-588-0011