Irina Z. Barahona, P.C.

Law Office Of

IRINA Z. BARAHONA

Business Tax Services

Pay What You Owe. Not a Dollar More.

Tax decisions can shape everything about how your business operates and grows. The entity you choose, how you structure compensation, when you make purchases, how you handle transactions. Get it wrong and you're leaving money on the table or worse, exposing yourself to penalties and audits.

What Smart Tax Planning Actually Looks Like

Effective business tax planning starts with understanding how your business is structured and how income, expenses, and transactions get taxed under federal and state law. A sole proprietorship gets taxed completely differently than an LLC, which gets taxed differently than an S corporation, which gets taxed differently than a C corporation.

We help El Paso business owners pick tax efficient entity structures, design compensation strategies that minimize payroll taxes, and structure transactions to reduce unnecessary tax exposure while staying compliant.

When Entity Structure Really Matters

A lot of businesses outgrow their original tax structure. Maybe you started as a sole proprietor and now self employment taxes are eating you alive. Maybe your LLC worked fine at first but now you're making enough that electing S corporation status would save you significant money. Maybe you need to bring in investors and they want a C corporation.

We assist businesses with tax considerations related to formations, conversions, and mergers and acquisitions. These transactions often carry significant tax consequences. Early legal guidance helps you avoid costly mistakes.

The Tax Law Changes You Need to Know About

The One Big Beautiful Bill Act introduced sweeping changes that took effect in 2025. These changes create real opportunities for El Paso businesses, but you have to understand how they apply to your specific situation.

Family Business and Succession Planning

For closely held businesses and family-owned enterprises in El Paso, tax planning doesn't exist in a vacuum. It intersects with estate planning and succession planning.

How do you structure ownership transitions tax efficiently? How do you protect assets? How do you pass the business to the next generation without getting crushed by taxes?

We help business owners coordinate their business tax strategies with long term planning goals, including ownership transitions, asset protection, and generational planning.

Ongoing Tax Issues

Tax planning isn't a one-time thing. It's ongoing. We advise our clients on business deductions, compliance concerns, and planning for changes in tax law. By taking a proactive approach, we help clients anticipate potential tax liabilities and implement strategies to address them before problems arise.

How We Work With Your Other Advisors

Our business tax services are designed to complement the work of accountants and financial advisors. We collaborate with other professionals as needed to make sure legal structures and tax strategies are aligned and properly implemented.

We handle the legal side. Your CPA handles the tax returns and accounting. Together, this coordinated approach helps you make informed decisions while avoiding gaps in planning.

Why Legal Counsel Matters for Tax Planning

Tax planning has both a legal component and an accounting component. The legal component involves entity selection and structure, contract terms that affect tax treatment, compliance with corporate formalities, employment agreements and compensation structures, and transaction structuring for mergers, acquisitions, and sales.

This is where attorneys add value that accountants can't provide. We make sure the legal structure of your business supports your tax goals.

Let's Talk About Your Situation

Tax planning is an ongoing process, not a one-time event. If you want to reduce your tax burden, structure your business more efficiently, or coordinate your business taxes with your personal planning goals, contact us, or schedule a consultation online.

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