Tax Preparation Services for Businesses Using the Profit First Cash Management System

Accurate, On-Time Filing—Built from Your Profit First Allocations

Tax season doesn’t have to be stressful or chaotic. With clean Profit First allocations and reconciled accounts across Profit, Owner’s Pay, Taxes, and Operating Expenses, filing taxes becomes seamless.


At Straight Talk CPAs, we prepare business tax returns directly from your Profit First financials—no scattered spreadsheets, no last-minute panic, and no guesswork. Every number is aligned with CAPs (Current Allocation Percentages), TAPs (Target Allocation Percentages), and owner distributions, ensuring permanent profitability and cash confidence.

Clean Data In = Confident Filing Out

We don’t just submit returns—we review allocations, correct inconsistencies, and ensure alignment with your cash flow, growth priorities, and Profit First strategy.


Whether you’re managing multi-entity filings, complex owner distributions, or prior-year adjustments, we handle every detail—so you can stay focused on running your business. And if insight beyond filing is needed, our Profit First advisory services provide actionable guidance alongside precise tax preparation.

What’s Included in Our Profit First Tax Prep Services

  • Federal, State & Local Return Filing
    Corporations, partnerships, and pass-through entities are prepared from reconciled Profit First allocations.
  • Owner Compensation & Distribution Coordination
    Aligned with CAPs, TAPs, and owner pay priorities for compliance and efficiency.
  • Year-End Close Support
    Adjusting entries, reconciliations, and final tie-outs built from Profit First bank account segments.
  • Amended Returns & Prior-Year Corrections
    Accurate, compliant, and audit-ready for peace of mind.
  • Tax Documentation & Compliance Back-Up
    Defensible records for regulatory or financial reviews.

Filing isn’t the finish line—it’s the final step of a process that starts with clean Profit First accounts. We make sure your numbers are accurate, returns are on time, and your team understands exactly what was done—and why.


Need help interpreting your allocations during tax season? We highlight the most important metrics, uncover timing opportunities, and guide leadership on distributions and cash flow—so you act with confidence, clarity, and control.

Built for Leaders Who Expect More Than a Tax Return

Why Work With Straight Talk CPAs?

  • We work directly within your Profit First system
    Everything aligns with Profit, Owner’s Pay, Tax, and OpEx accounts—fast, accurate, and audit-ready.
  • We focus on clarity and action
    No last-minute surprises, no unexplained numbers. Just clean allocations and actionable insights.
  • We resolve past issues and prevent new ones
    From prior-year corrections to reconciliations and oversight, we handle it all.


Need strategic insight, too?
Our Profit First CFO services integrate tax preparation with CAPs, TAPs, and owner pay strategy for a seamless, cash-first approach.

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"Straight Talk CPAs made our Profit First tax filing completely stress-free. CAPs and TAPs are precise, and our cash confidence has never been higher."

Alex Thompson, Owner, Craft Coffee Roasters

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"Their guidance optimized owner pay and distributions. Every filing now aligns with our Profit First priorities."

Priya Mehra, CEO, Marketing Consultancy

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"With Straight Talk CPAs, our Profit First system and tax preparation work hand-in-hand. We feel confident and in control all year."

Nina Thomas, Founder, Wellness Studio

FAQs

  • How does Profit First tax preparation differ from standard services?

    We embed tax filing directly into Profit First allocations, leveraging CAPs, TAPs, and reconciled accounts for stress-free, compliant filings.


  • Do I need to change my Profit First setup to work with you?

    No. We integrate seamlessly with your existing bank account segments for Profit, Owner’s Pay, Taxes, and OpEx.


  • Can you help with owner compensation and distributions?

    Yes. We optimize owner pay, draws, and payroll within your Profit First system while staying compliant.


  • How do you support quarterly planning and estimates?

     We generate tax projections based on CAPs, TAPs, and allocations, keeping cash flow predictable and aligned with Profit First principles.


  • Are your services audit-ready?

    Absolutely. All tax preparation is GAAP-compliant, aligned with Profit First accounts, and structured for audits or regulatory reviews.