Precision and Accuracy

Professional Tax Preparation in Denver

Preparing taxes can be overwhelming, especially with constantly changing tax laws. At Paredes & Co., we streamline the process by focusing on accuracy, efficiency, and helping you claim all eligible deductions and credits.

Comprehensive Tax Services for Individuals and Families

We start by collecting all necessary documents, such as W-2s, 1099s, mortgage interest statements, and receipts for deductible expenses. Once we organize and analyze this information, we prepare and file your tax return ensuring compliance and accuracy. We also provide guidance on life changes, like marriage, having children, or buying a home, that can impact your taxes.

What deductions can I claim if I have children?

You may qualify for credits like the Child Tax Credit, Dependent Care Credit, or deductions for education-related expenses.

What documents do I need to prepare my taxes?

You’ll need W-2s, 1099s, mortgage interest statements, property tax bills, and receipts for deductible expenses like childcare or medical costs.

Can I still get a refund if I owe money to the IRS?

Yes, your refund will be applied to any outstanding balances first, and any remaining amount will be refunded to you.

How long should I keep my tax documents?

It’s recommended to keep them for at least seven years for audit purposes.
Tax Preparation service for individuals and families
Tax preparation

Comprehensive Tax Services for Businesses

For businesses, we handle federal, state, and local tax filings for all types of entities, including sole proprietorships, LLCs, partnerships, and corporations. We work with your financial records to identify business deductions and credits, ensuring your tax liability is minimized while complying with IRS regulations.

What business expenses can I deduct?

You can deduct costs like rent, utilities, office supplies, advertising, and employee wages.

How do I handle multi-state income for my business?

We’ll help you allocate income and expenses correctly to ensure compliance with all state tax laws.

Can I deduct home office expenses?

Yes, if the space is exclusively used for your business, you may deduct a portion of your home expenses, like utilities and rent.

What happens if I miss the tax filing deadline?

Late filings may incur penalties and interest, but we can assist you in filing as soon as possible to minimize the impact.