Business Income Tax Services  Bookkeeping Services

El Cid Bookkeeping, Inc. Accountancy and Taxation will work closely with your staff and current accounting/accountant to transition over to us. We can prepare forms; 1120, form 1120s, form 1065, form 1041, Estate Tax and Nonprofit Tax Returns and Gift Tax.

Free Book an Appointment

Free Income Tax Organizer

Pricing for 1040 Income Taxes

Pricing for Bookkeeping Services

Pricing for Business Income Taxes



  • 1120 –   S or C Corporations
  • 1065 – Partnerships and LLC
  • 1041 –   Fiduciary Tax
  • 1041 –   Estate Tax
  • 990 –    Exempt Org (Non-Profit)
  • 709 –    Gift Tax

We will prepare your IRS tax return for both State and Federal and e-file for you. Your return shall be prepared with the highest standards as for all of our clients.


Contact El Cid

Form 1120

Form 1120 is used to report the income, gains, losses, deductions, credits, and to figure the income tax liability of a corporation. Domestic corporations use this form to report their income, gains, losses, deductions, credits, and figure their income tax liability.

Form 1120S

A tax document used to report the income, losses, and dividends of S corporation shareholders; it is an S corporation’s tax return. Form 1120S is part of the Schedule K-1 document. It is prepared for each individual shareholder and identifies the percentage of company shares owned by the individual for the tax year.

Form 1065

Form 1065 is a tax document used to report the profits, losses, and deductions of business partnerships. In addition to Form 1065, partnerships must also submit Schedule K-1, a document prepared for each individual partner.

For businesses that operate as partnerships, it’s the partners who are responsible for paying taxes on the business’ income, not the business. Each partner is responsible for filing an individual tax return (1040) reporting his share of income, losses, deductions and credits that the business reported on the informational 1065 tax return.

Form 1041

About Form 1041, U.S. Income Tax Return for Estates and Trusts. The fiduciary of a domestic decedent’s estate, trust, or bankruptcy estate files this form to report: any income tax liability of the estate or trust.

Fiduciary Tax Information. A fiduciary is a person who holds the legal title to real or personal property for the use and benefit of another and includes a personal representative of a decedent’s estate or a trustee of a testamentary or inter vivos trust (“living trust”).

Estate Tax

Income Tax Return for Estates and Trusts is required if the estate generates more than $600 in annual gross income. The decedent and their estate are separate taxable entities.

An estate or trust can generate income that must be reported on Form 1041, United States Income Tax Return for Estates and Trusts. However, if trust and estate beneficiaries are entitled to receive the income, the beneficiaries must pay the income tax rather than the trust or estate.

Nonprofit Tax Returns

Form 990 is a United States Internal Revenue Service form that provides the public with financial information about a nonprofit organization. It is often the only source of such information. It is also used by government agencies to prevent organizations from abusing their tax-exempt status.

Return of Organization Exempt from Income Tax, including recent updates, related forms, and instructions on how to file. Tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations file this form to provide the IRS with the information required.

Gift Tax Return

The simplest way to subsidize others is by using the annual exclusion, which allows you to give $15,000 in cash or other assets each year to each of as many individuals as you want. Spouses can combine their annual exclusions to give $30,000 to any person tax-free – a process called gift-splitting.

It is the person who gives the gift who is subject to the tax and has to report it to the IRS. The gift that you received is not considered income but could have some gift tax liability for the giver. Because this was a gift, it needs to be reported by the person giving the gift.


  • 1120 –   S or C Corporations
  • 1065 – Partnerships and LLC
  • 1041 –   Fiduciary Tax
  • 1041 –   Estate Tax
  • 990 –    Exempt Org (Non-Profit)
  • 709 –    Gift Tax

We will prepare your IRS tax return for both State and Federal and e-file for you. Your return shall be prepared with the highest standards as for all of our clients.

Bookkeeping Services

The cost of hiring a bookkeeper can vary depending on the size of the business and the Bookkeeper’s experience. However, on average, a bookkeeper will charge anywhere between $40 – $85 per hour, depending on the size of the business.

Bookkeeping involves the recording, regularly, of a company’s financial transactions. With proper bookkeeping, companies can track all their books to make critical operating, investing, and financing decisions.

Our bookkeepers manage all financial data for many companies.

Bookkeeping is the recording of financial transactions and is part of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other business events.

Transactions include purchases, sales, receipts, and payments by a person or an organization/corporation. There are several standard bookkeeping methods, including the single-entry and double-entry bookkeeping systems. While these may be viewed as “real” bookkeeping, any process for recording financial transactions is a bookkeeping process.

The person in an organization employed to perform bookkeeping functions is usually called the bookkeeper (or book keeper).

Above all, efficient accounting and operating procedures ensure that the business runs smoothly. Clearly, future growth is possible, only if the books are in good and accurate order.

Moreover, El Cid Bookkeeping, Inc. has been providing accounting services to small, medium, and large size businesses. Apart from this, El Cid can perform functions as general ledger accounting, payroll, financial analysis, bank reconciliations, and financial statement reports.

Why Not Choose Us?

First, we are the BEST Bookkeeping and Income Tax Service Firm around!  Most importantly, our bookkeepers and accountants are highly qualified.

Indeed, we will prepare, examine, and analyze your accounting records, financial statements, and any other financial reports.

On the other hand, we will analyze your business expenses, revenues, financial obligations, to project future revenues and expenses.

Apart from this, we will establish your Chart of Account and assign entries to the proper accounts.