Stay organized
Professional Bookkeeping in Denver
Proper bookkeeping keeps your finances organized and ready for tax season. At Paredes & Co., we ensure your books are accurate, up-to-date, and compliant.
Comprehensive Bookkeeping Solutions for Individuals and Families
We assist individuals with complex financial situations, such as managing multiple income streams or rental properties. We categorize income and expenses, provide detailed reports, and ensure your finances are organized for tax filing.
Do I need bookkeeping if I’m self-employed?
Yes, keeping accurate records ensures you claim all eligible deductions and stay compliant with tax laws.
How do I track rental income and expenses?
We’ll help you set up a system to track repairs, mortgage interest, and depreciation on rental properties.
What’s the best way to track freelance income?
Use tools like QuickBooks or provide us with your records for streamlined tracking and reporting.
Can I deduct expenses for a side business?
Yes, as long as the expenses are ordinary and necessary for your business activities.
Bookkeeping Solutions for Businesses
Our bookkeeping services include recording daily transactions, reconciling accounts, and generating monthly financial reports. We also handle payroll processing and accounts payable/receivable management.
How often should I update my books?
Monthly updates are recommended to keep records accurate and ready for tax filing.
What’s the best software for bookkeeping?
QuickBooks is a popular choice, but we’ll recommend software based on your business needs.
Can I combine personal and business accounts?
No, it’s crucial to keep personal and business finances separate for tax and legal purposes.
Do I need professional bookkeeping if I have accounting software?
Yes, professional oversight ensures your books are accurate and compliant.