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Why use Barajas Tax to prepare your business taxes?
100% accuracy guarantee
Get your taxes done right and feel confident knowing the calculations on your tax return are accurate—reducing your risk of an audit.
Maximum refund guarantee
Don’t miss out on deductions that save you money! Our experts will find every deduction you deserve to get you the best possible tax outcome.
Audit support guarantee
If you’re audited by the IRS or state on a return that we prepared, a tax expert specializing in audits will provide question-and-answer support.
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One-stop shop
From formation to bookkeeping to tax prep, there’s power in having one convenient place to find your info, track progress, and get expert guidance specific to your business.
Maximize your tax refund and enjoy unlimited year-round tax advice
Tax experts you can count on
Highly rated experts
Our customers recommend our service 100% of the time!
Expertise in your industry
Averaging over 10 years’ experience, our CPAs understand the intricacies of small business tax prep.
Thousands on refunds
We helped our customers get thousands in tax refunds in 2023.
How Barajas Tax works with you
Match with an expert
Connect with your dedicated tax expert, matched to Nevada, who will prepare your return from start to finish.
Share your tax docs
Once you provide some info, we let you know what docs to securely upload to your account.
Get unlimited advice
Schedule tax consults year-round for guidance on how to pay yourself, hire employees, and save on taxes.
Let us prep & file
Sit back and relax while we prepare your taxes. We meet with you to review and answer any questions.
What are you taxed on as a business?
Your business taxes depend on the type of business structure you choose. Sole proprietorships and single-owner LLCs are taxed directly on the personal return. In multi-member LLCs and S corps, profits or losses are passed through to the owners. For the best tax outcome, be sure to account for all your income on your taxes, as well as expenses, which offset the income.
What will you need to file your business taxes?
To prepare your tax return, gather these income records:
W-2s and 1099s:
These tax forms report wages, independent contractor payments, interest, dividends, capital gains, retirement plan distributions, and more. If you’re using a tax preparer, be sure to gather all of these.
Business financial statements:
Your tax preparer will need a record of your business income and expenses, for example, a balance sheet, an income statement, or a general ledger.
How should small businesses prepare for tax season?
Follow 4 simple steps:
1
Open a separate business checking account
Keep business and personal finances separate to make it easier to identify business transactions. Banks will ask you to provide your Employer Identification Number (EIN) to open the business account.
2
Track business revenue and expenses
Keep detailed records of income and expenses throughout the year. Barajas Books, included for free with your Barajas Tax plan, will make it easier to track and categorize expenses.
3
Get your books in order
Record end-of-year transactions, categorize expenses, reconcile accounts, and make sure your balance sheet is ready to go. Also, have your prior-year forms available.
4
Know how and when to file your tax return
You’ll need to file with both the IRS and at least one state. If you’re using a tax service, your tax preparer will provide info about how and when to pay. Typically, taxes are due either in March or April, depending on your business structure.
What expenses can I write off on my taxes?
What you can write off depends on your business structure. Start by tracking these common expenses:
Mileage log
If you use your personal vehicle for business, get the total business miles and personal miles driven for the year from your mileage log or mileage tracking app.
Asset purchase details
If you bought any long-term assets for your business, such as furniture, computers, vehicles, equipment, or real estate, your tax preparer needs a description of the item, the purchase price, and date you started using the item for your business.
Payroll records
Bring copies of your year-end payroll records or payroll tax returns, as well as W-2s issued to employees and 1099-NECs issued to independent contractors.
Home office
Your tax preparer needs to know how much of your home's total square footage is dedicated to your office. They also need to know about deductible home office expenses, such as mortgage interest or rent payments, utilities, repairs, cleaning, property taxes, and homeowners insurance.
Self-employed health insurance premiums
Gather the premiums paid for medical, dental, and vision insurance for you, your spouse, and dependents.
Retirement plan contributions
Document your contributions to an IRA, SEP-IRA, or another retirement plan.
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