KRIB TAX

Unlock expert tax guidance and achieve financial clarity with KRIB TAX, empowering you to prioritize what matters most.
Business
FOR Intelligent
solutions
KEY Resources
Switch to Business Plans
Switch to Individuals
Included:
Federal 1040 filings
One W-2 forms
Filing Status Single, no dependents
Standard Deduction
$128
Full-time or part-time
W-2 employee
from
Salaried Employee
from
Included:
+Self-employed options
+QBI Qualified Business Income
+Corporate K-1
$217
Designed for LLC owners to manage taxes
Simple Business
from
Included:
+Salaried Employee options
+Form 1095 (Health Insurance)
+QBI Qualified Business Income
+One Business/Professional Activity
$147
Freelancer, independent contractor, etc
Self-employed

2024 TAX FILING PLANS FOR INDIVIDUALS

Included:
+Schedule C (Form 1040)
+Self-Employment Tax Calculation (Schedule SE) – If applicable.
from
$200
Taxed as Sole Proprietor
- Schedule C
Single-Member LLC
Included:
+Form 1120-S (S-Corp & C-Corp Tax Return)
+Corporate K-1
+Form 2553 (Election for S-Corp Status)
$800
For C-Corporations
& S-Corporations
Corporations
from
from
Included:
+Form 1065 (Partnership Tax Return)
+K-1s for Each Partner
$400
Multi-Member LLC &
General Partnerships
Multi-Member LLC

2024 TAX PREPARATON FOR BUSINESS

Salaried Employee W-2
Tax Service Calculator
Non-resident aliens cannot claim the Standard Deduction and must itemize deductions if applicable.
If itemizing, your total should exceed the Standard Deduction, with extra benefits from deductions like state taxes and charitable contributions.
U.S. residents benefit from tax deductions on mortgage interest, property taxes, and potential capital gains exclusions when selling their home.
SUBMIT
Self-employed
Tax Service Calculator
Non-resident aliens cannot claim the Standard Deduction and must itemize deductions if applicable.
If itemizing, your total should exceed the Standard Deduction, with extra benefits from deductions like state taxes and charitable contributions.
U.S. residents benefit from tax deductions on mortgage interest, property taxes, and potential capital gains exclusions when selling their home.
SUBMIT
Explanation: What does "One Type of Business or Professional Activity" mean?
If you earn income and receive a 1099 form for one specific job, like being a Handyman, that counts as one type of business activity. If you also work for companies like Uber or DoorDash, you have multiple business activities.
Simple Business
Tax Service Calculator
Non-resident aliens cannot claim the Standard Deduction and must itemize deductions if applicable.
If itemizing, your total should exceed the Standard Deduction, with extra benefits from deductions like state taxes and charitable contributions.
U.S. residents benefit from tax deductions on mortgage interest, property taxes, and potential capital gains exclusions when selling their home.
SUBMIT
Important:
As an LLC owner or partner, you must include a K-1 form with your 1040 tax return. If you haven't prepared one, consider our Business Plans packages, which handles your LLC tax return and generates the K-1 for you, ensuring a smooth process.
Single-Member LLC
Tax Service Calculator
✅ Tax-Specific Documents
Estimated Tax Payments (if applicable) – Records of quarterly tax payments to the IRS & state.
Self-Employment Tax Calculation (Schedule SE - Form 1040) – Required if net profit exceeds $400.
Retirement Plan Contributions – SEP IRA, SIMPLE IRA, Solo 401(k) contributions.
✅ Business Expenses & Deductions
Receipts for Business Expenses – Proof of deductible purchases.
Business Credit Card & Loan Statements – Records of business-related expenses.
Office Rent & Utility Bills – Lease agreements, electricity, internet, and phone bills.
Home Office Deduction – If applicable:
  • Total square footage of the home.
  • Square footage of the home office space used exclusively for business.
  • Mortgage/rent, utilities, and home insurance amounts.
  • Vehicle Expenses (if used for business)
  • Business mileage log.
  • Gas, maintenance, insurance, and registration receipts.
  • Employee & Contractor Payments
  • Payroll records (if employees).
  • 1099-NEC forms for independent contractors hired.
  • Insurance Premiums – Business liability, health, or workers’ compensation.
  • Marketing & Advertising Costs – Website, paid ads, branding, promotions.
  • Software & Subscriptions – QuickBooks, project management tools, and SaaS services.
  • Professional Services – Attorney, tax prep, business consulting fees.
  • Depreciation & Asset Records – List of business equipment, vehicles, or property used for business.
✅ Income & Revenue Records
Profit & Loss Statement (P&L) – Summary of total revenue, expenses, and net income.
Bank Statements – Business checking and savings accounts for the tax year.
Invoices & Sales Records – Proof of business income (e.g., client payments, contracts).
Merchant & Payment Processor Reports – Stripe, PayPal, Square, or credit card transactions.
Rental Income (if applicable) – Lease agreements and rental payment records.
1099 Forms Received
  • 1099-NEC – If paid by other businesses for contract work.
  • 1099-K – If receiving payments via platforms like PayPal, Venmo, or Square.
  • Interest & Investment Income (if applicable) – 1099-INT, 1099-DIV.
✅ General Business Information
Employer Identification Number (EIN) – If issued by the IRS (not required if using SSN).
Previous Year’s Tax Return – Helps maintain consistency in reporting.
Business Formation Documents – Articles of Organization & Operating Agreement.
State Business Registration & Licenses – Proof of legal business operation.
IRS & State Tax Notices – If applicable, letters regarding tax adjustments or audits.
✅ Tax-Specific Documents
✅ Business Expenses & Deductions
✅ Income & Revenue Records
✅ General Business Information
Below is a list of required documents to ensure accurate tax preparation.
SUBMIT
Multi-Member LLC & General Partnerships
✅ Partner-Specific Documents
Partner Contributions & Distributions Report – Total contributions, distributions, and equity adjustments.
Guaranteed Payments to Partners – Salaries or fixed payments made to partners.
Schedule K-1 for Each Partner
  • Each partner's share of income, deductions, and credits.
  • Basis adjustments and capital account balances.

✅ Tax-Specific Documents
Estimated Tax Payments (if applicable) – IRS and state quarterly tax payments.
Self-Employment Tax Calculation – If partners actively participate in business operations.
State & Local Tax Filings – Multi-state business compliance.
Retirement Plan Contributions – partners' and employees' SEP IRA, SIMPLE IRA, or 401(k) contributions.
✅ Business Expenses & Deductions
Receipts for Business Expenses – Office supplies, software, and operational costs.
Business Credit Card & Loan Statements – Records of business-related expenses.
Office Rent & Utility Bills – Lease agreements, electricity, internet, phone.
Home Office Deduction (if applicable)
  • Home office square footage.
  • Total home square footage.
  • Mortgage/rent, utilities, insurance.
Vehicle Expenses (if applicable)
  • Business mileage log.
  • Gas, maintenance, insurance, registration.
Payroll & Contractor Payments
  • Employee payroll records (W-2s).
  • 1099-NEC forms for contractors hired.
Insurance Premiums – Business liability, health, workers’ compensation.
Marketing & Advertising Costs – Website, paid ads, branding, social media.
Software & Subscriptions – QuickBooks, project management tools, SaaS services.
Professional Services – Attorney, tax preparation, business consulting fees.
Depreciation & Asset Records – Business equipment, vehicles, or property used for business.
✅ Income & Revenue Records
Profit & Loss Statement (P&L) – Business revenue, expenses, and net income summary.
Balance Sheet – Assets, liabilities, and equity breakdown.
Bank Statements – All business accounts for the tax year.
Invoices & Sales Records – Client payments, service/product sales, rental income.
Merchant & Payment Processor Reports – Stripe, PayPal, Venmo, or Square transaction reports.
Rental Income (if applicable) – Lease agreements and payment records.
1099 Forms Received
  • 1099-NEC – Contract work payments received.
  • 1099-K – Payments from third-party platforms.
Investment & Interest Income – 1099-INT, 1099-DIV, or capital gains reports.
✅ General Business Information
Employer Identification Number (EIN) – Issued by the IRS.
Previous Year’s Business Tax Return (Form 1065) – Ensures consistency.
Partnership Agreement / Operating Agreement – Defines ownership percentage and distributions.
State Business Registration & Licenses – Proof of legal business operation.
IRS & State Tax Notices – If applicable (audits, estimated tax adjustments).
✅ Specific Documents
✅ Business Expenses & Deductions
✅ Income & Revenue Records
✅ General Business Information
Below is a list of required documents to ensure accurate tax preparation.
SUBMIT
S-Corporations (S-Corp)
& C-Corporations (C-Corp)
✅ S-Corp & C-Corp Shareholder & Tax-Specific Documents

📌 S-Corporation (Form 1120-S) Specific Documents
Schedule K-1 for Shareholders
  • Each shareholder's share of income, losses, deductions, and credits.
  • Basis adjustments and distributions.
Reasonable Shareholder Salary Documentation – Payroll records for owner-employees.

📌 C-Corporation (Form 1120) Specific Documents
Dividends Paid to Shareholders (Form 1099-DIV) – If dividends were issued.
Corporate Tax Payments (If applicable) – Proof of any corporate estimated tax payments.
R&D Tax Credit Documentation – If applying for research and development tax credits.

✅ Estimated Tax Payments & Compliance
Quarterly Estimated Tax Payments (IRS Form 1120-W for C-Corps) – Proof of payments made.
State & Local Tax Filings – Compliance with multi-state tax obligations.
Corporate Retirement Plan Contributions – SEP IRA, SIMPLE IRA, or 401(k) contributions for employees.
✅ Business Expenses & Deductions
Receipts for Business Expenses – Proof of deductible purchases.
Business Credit Card & Loan Statements – Expense tracking for corporate accounts.
Office Rent & Utility Bills – Lease agreements, electricity, internet, and phone bills.
Payroll Reports & Employee W-2s
  • Salary reports for employees and shareholder-employees.
  • Payroll tax filings (Forms 940 & 941).
Independent Contractor Payments (1099-NEC) – Payments to non-employee service providers.
Insurance Premiums – Business liability, health, workers' compensation, and property insurance.
Marketing & Advertising Costs – Digital ads, website management, branding, and promotions.
Software & Subscriptions – QuickBooks, CRM, SaaS tools, and project management platforms.
Professional Services – Legal, accounting, consulting, and tax preparation fees.
Depreciation & Asset Records – Purchase business vehicle, equipment, and property records.
✅ Income & Revenue Records
Profit & Loss Statement (P&L) – Revenue, expenses, and net profit summary.
Balance Sheet – Breakdown of assets, liabilities, and equity.
Bank Statements – All corporate bank accounts for the tax year.
Invoices & Sales Reports – Service revenue, product sales, and client payments.
Merchant & Payment Processor Reports – Stripe, PayPal, Square, or credit card transactions.
Rental Income (if applicable) – Lease agreements and payment records.
1099 Forms Received
  • 1099-NEC – If the corporation received contract work payments.
  • 1099-K – If the corporation received payments via third-party platforms.
  • Investment Income Reports – 1099-INT, 1099-DIV, or capital gains reports.
✅ General Business Information
Employer Identification Number (EIN) – Issued by the IRS.
Previous Year's Tax Return (Form 1120-S or 1120) – For consistency in reporting.
Articles of Incorporation – Proof of legal corporate status.
Corporate Bylaws & Operating Agreements – Outlines business structure and operations.
State Business Registration & Licenses – Ensures compliance with state laws.
IRS & State Tax Notices – Any IRS letters, tax adjustments, or audit notices.
S-Corp Election Form 2553 (for S-Corp only) – IRS confirmation of S-Corp tax status.
✅ Specific Documents
✅ Business Expenses & Deductions
✅ Income & Revenue Records
✅ General Business Information
Below is a comprehensive list of documents to bring when preparing corporate taxes.
SUBMIT
We provide complete tax management services for federal, state, local, and international needs.
We ensure your tax and accounting needs are met with accuracy, regardless of your industry.
Whether you’re a small business owner, freelancer, or international taxpayer, our team is here to assist you.
  • Federal, State, Local, and International Taxes
  • Electronic Filing (E-Filing) and Paper Forms
  • Tax Types:
Returns and Amendments
Estimate Taxes
Sales and Payroll Taxes
Update IRS account
BOI filing and FBAR
Managing all types of taxes
TO OUR CUSTOMERS
WE PROVIDE
SERVICES
WHAT
  • E-Commerce and Retail
  • Wholesale and Delivery Services
  • Restaurants and Farming
  • Digital Assets and Social Content Creators
wide range of industries
  • Residents and Nonresidents
  • International Taxpayers
  • Businesses and Self-Employed Individuals
comprehensive solutions for
Stay informed with our latest insights
on accounting, finance, and tax.
supportive materials for

Valuable publications

HR
Payroll

Payroll

last updated articles

    HR

    last updated articles
      04
      RESULT
      WE MEET YOU ON THE APPOINTED DAY AND
      TIME AND PROVIDE SERVICES AT THE TOP LEVEL.
      03
      PREPARATION
      WE ISSUE A STANDARD TICKET FOR AN
      OUTING OR PREPARE A BOAT FOR YOU TO RENT.
      02
      OUR MANAGERS CONTACT YOU TO DISCUSS
      ALL THE DETAILS AND THE PAYMENT PROCEDURE.
      CONNECTION
      01
      SELECT THE DESIRED SERVICE AND SPECIFY
      YOUR CONTACT DETAILS SO WE CAN REACH OUT.
      APPLICATION
      HOW IT WORKS?

      FREQUENTLY ASKED QUESTIONS

      You might need an accountant if you:

      Own a Business – Managing finances, taxes, and payroll can be complex. An accountant can help ensure compliance and maintain financial stability.
      Have Multiple Sources of Income – If you earn money from investments, rental properties, or side businesses, an accountant can help you optimize your tax deductions.
      Face Complex Tax Situations – If you're self-employed, have a high income, or are dealing with a tax audit, professional guidance can help you avoid costly mistakes.
      Struggle with Bookkeeping – If tracking your income, expenses, and financial statements feels overwhelming, an accountant can streamline your records.
      Want to Maximize Tax Savings – Accountants can identify deductions and credits that can reduce your tax liability.
      Plan for Growth—An accountant can provide valuable strategic insights if you're expanding your business or need financial forecasting.

      Not sure?
      Schedule a consultation to determine if an accountant is right for you!
      We are pleased to present our competitive pricing for yearly tax preparation services outlined here.

      In addition, we have thoughtfully structured our pricing for supplementary services to effectively cater to various business sizes and specific requirements. We invite you to connect with us for a complimentary consultation and to receive a customized quote tailored to your unique needs. Together, we can work towards optimizing your financial strategy for greater success.
      CONTACT US IF YOU WANT TO DISCUSS OR COOPERATION
      INFO@KRIBTAX.COM
      CONTACT US