Small Buisness program Flashcards
Loging to the Portal-Payroll and Bookkeping
Logging into the Portal
T (SaS and BA) can access the Small Business Services Referral Portal in two ways through DNA:
Once logged into DNA, select Applications, selecting “S” and scrolling down to “Small Business Services Referral.”
Once logged into DNA, search for Small Business Services. Once there, select “Bookkeeping & Payroll Referrals.”
Tax Preparer Referral Dashboard
After launching the portal from DNA, Tax Preparers will be directed to a Referral Dashboard. The dashboard is the Tax Preparer’s personal dashboard where they can easily view every referral they’ve submitted.
Client Consent Screen
Client Consent Screen
For each referral, we require Tax Preparers to confirm their client consented to have another H&R Block Associate, (an Account Manager) contact them to discuss additional services.
Tax Preparers are required to read the text on this screen to their client and if the client agrees, click Confirmed to move to the New Referral Submission Form.
Preparers should follow the process below, in order, when completing the form. Referral submission form
Preparers should follow the process below, in order, when completing the form.
Select the dropdown at the top left to select the state their office is located in.
Search for the Office ID of the office that should receive credit for the referral if converted to a paid return.
If the Tax Preparer selects the wrong office ID, they’ll need to open up the dropdown and click the “X” next to the current selection to clear it before selecting a new office ID.
Once the office is selected, the district, region, and market IDs will auto populate.
Input the business name, then the client’s first and last name, e-mail address, and phone number.
For preferred contact, use the dropdown to select e-mail or phone.
Select the state of operation for the client.
For business structure, you’ll choose from four options:
Sole Proprietor (Sch C)
service options, you’ll choose from three options:
Bookkeeping
Payroll
Bookkeeping and Payroll
The last field is client readiness level. Here, you’ll choose from the following:
Needs service now
Needs service in the future
Seeking additional information
If the Tax Preparer would like to leave a comment, they can add notes in the comment box.
Next to comments, the Tax Preparer should indicate if they are the Tax Preparer of record. If so, check the box. If not, the box can be left unchecked.
Click “Submit” to submit the referral.
Making Estimated Payments
Type Estimates or tab payments&Taxes
Choose estimated taxes 2023 based 2022 tax return
Select Vouchers to Print
Choose Prepare Vouchers/Applicable
Rounded to 100
if customer wants to put their own amount
use overide
Entity formation (S Corp, C Corp, LLC, Nonprofit):
Entity formation add-ons (only added when required by the state):
Initial Report: $55 + state filing fees
Publication: $200 + publishing fees
Optional additional services
S Corp election: $99
501(c)(3) application: $495 + filing fees – for non-profits only
Swyft Filings’ Registered Agent service: $279 annually
Swyft Filings’ ComplianceGuard service: $149 (Standard) or $299 (Premium
Making S corporation ELection
cannot file if Sole Proprietor without incorporating
A corporate name is selected in compliance with state law.
Formal paperwork, usually called articles of incorporation, is filed with the Secretary of State.
The members of the initial board of directors are selected.
Organizational meetings are held to make decisions about policies and procedures, called bylaws. Stock certificates are issued.
Apply for an employer identification number (EIN).
File Form 2553, Election by a Small Business Corporation
Complete form 2553
Completing Form 2553, Part I
Part I begins with the name and address of the corporation. This section also includes boxes to report the corporation’s EIN, the date incorporated, and the state of incorporation.
The next portion of Part I reports any name or address changes since the EIN was issued, the beginning of the tax year when the election is to take place, the tax year of the corporation, a box to check when family members are considered one shareholder, the officer or legal representative contact for the IRS, and a place to explain a late election when necessary.
The final item for page 1 of Form 2553 is the signature of an officer of the corporation, their title, and the date signed.
Dates to make the Election for S corp
To make the S corporation election, Form 2553 must be filed either:
No later than two months and 15 days after the beginning of the tax year the election is to take effect.
Anytime during the year prior to the year the election is to take
File 2553 to
Department of the Treasury Internal Revenue Service Center
Ogden, UT 84201 Fax: 855-214-7520
