1.    Know your deadlines

Tax filing deadlines vary depending on business entity type.

Other tax deadlines include estimated tax payments, which are due quarterly, and payroll taxes, which are deposited monthly or semiweekly.

2.    Gather your financial records

Includes bank and credit card statements, receipts, depreciation schedules, payroll documents if you have employees, and income statements. You’ll need this information to complete business tax returns.

3.    Prepare and file tax returns

Prepare tax forms to report any business income or loss, legitimate deductions and estimated taxes. These forms will be filed along with or in addition to your personal 1040.

Who qualifies?

• Gross receipts are less than $100,000

• 5 or fewer employees

• Meet with us to see if you qualify

Ren Locus provides free tax assistance, preparation, and filing for qualified micro-business owners