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Accounting and Bookkeeping Services in Dallas, Texas
1-800Accountant, America's leading virtual accounting firm for small businesses, offers seamless end-to-end bookkeeping and accounting services handled by experts designed to give you peace of mind and the extra time you need to focus on building your business.
Our Accounting Services for Dallas Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by an accountant with expertise in your industry so you're always confident in your business tax situation. Our CPAs, with more than 17 years of experience on average, can save you thousands annually when you delegate complex Dallas tax preparation to them!
Bookkeeping: Solidify your financial base and manage cash flow with precise, error-free bookkeeping done for you that saves time and provides crucial insights that empower you to make important data-backed business decisions. This meticulous process delivers essential tools for interpreting data with easy-to-understand reporting, enabling your accountant to develop vital financial modeling.
Tax Advisory: Business tax considerations don't end in April. Through our affordable tax advisory service, you can receive the guidance you need when you need it year-round from a dedicated small business tax advisor. Strategic planning helps minimize your business tax liability in Texas throughout the year while ensuring compliance.
Payroll: Save hours each pay period with comprehensive payroll services handled for you, with regular tax submissions to the city of Dallas, ensuring accuracy and freeing you to focus on other vital aspects of your business.
Business Formation: Enjoy the advantages of officially establishing your business in Texas with our complimentary incorporation services. Simply cover any Dallas fees, and we will manage the rest. This puts you on a path to hiring employees and creating a business bank account as you experience the benefits of an optimized business structure and maximum tax savings.
| Level | Rate |
|---|---|
| State Tax Rate | 6.25% |
| County Tax Rate | 0% |
| Municipal Tax Rate | 2%(includes 1% Dallas MTA Transit Tax) |
| Combined Sales Tax Rate | 8.25% |
| City-Specific Taxes |
|---|
| County and City-Specific Taxes: Dallas businesses must collect and pay a local sales and use tax totaling up to 8.25% on retail sales, leases, and rentals of most goods and taxable services. This includes the state rate of 6.25% and local rates up to 2%. |
| Licenses and Permits |
|---|
| City-specific licenses and permits: Must file an Assumed Name Certificate (DBA) if operating under a different name from the business owner(s). |
| Sign permits are required. |
| Grants and Funding in Dallas | Grants and Funding Information |
|---|---|
| Dallas Small Business Diversity Fund | Offers loans ranging from $10,000 to $75,000 to women- and minority-owned businesses in Dallas County with 2 to 50 employees and a business net worth of $60,000 or more. |
| Texas Enterprise Fund (TEF) | Provides cash grants for projects that offer significant job creation and capital investment, attracting new business investments to Texas, including Dallas. |
What to Look for in Dallas, Texas Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your small business, you should consider the following factors:
Certifications and State Compliance: Ensure the accountant or bookkeeper has the appropriate certifications, such as a Certified Public Accountant (CPA) license. They should be well-versed in Texas tax regulations and compliance requirements, which may differ from those in other states.
Experience and Specialization: Search for professionals with experience in your specific industry. Specialized knowledge is crucial for managing industry-specific financial matters and for strategic long-term planning.
Understanding of Local Economic Conditions: Opt for a professional who understands the local economic environment in Dallas. This includes familiarity with the city's prominent industries, such as energy, technology, finance, and healthcare, as this knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: Texas offers various business-friendly tax incentives, including programs for economic development, investment in certain industries, and job creation. A knowledgeable financial professional can help navigate these incentives and make recommendations to minimize your tax burden.
Talk to a business tax expert today for all your tax needs in Dallas
Additional Texas Accounting Resources:
Navigating Small Business Taxes in Texas
How to Start a Business in Texas: 10 Steps
How to Set Up an S Corp in Texas
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.