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Accounting and Bookkeeping Services in Katy, 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 Katy 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 Katy 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 Katy, 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 Katy 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% |
| Combined Sales Tax Rate | 8.25% |
| City-Specific Taxes |
|---|
| Katy businesses must collect and remit a sales and use tax with a combined rate of up to 8.25%, including the state's 6.25% and the city's 1% tax. |
| Licenses and Permits |
|---|
| The following businesses require specific licenses in Katy, Texas: restaurants and food services, mobile food vendors, construction businesses, and businesses selling tangible goods or taxable services |
| Grants and Funding in Katy | Grants and Funding Information |
|---|---|
| Texas Enterprise Fund (TEF) | Provides grants to businesses expanding or establishing new facilities in Texas, supporting projects that create jobs and significant capital investment. |
| Texas Workforce Commission Skills for Small Business Program | Offers grants to small businesses for employee training and development, enhancing workforce skills across Texas. |
| LiftFund | Provides loans and financial resources to small businesses, including women-owned and minority-owned enterprises, in the Houston area. |
What to Look for in Katy, 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 credentials, such as being a Certified Public Accountant (CPA). They should be well-versed in Texas-specific tax laws and compliance requirements.
Experience and Specialization: Look for professionals who have experience in your specific industry. Specialized knowledge is essential for managing industry-specific financial matters and for strategic long-term planning.
Understanding of Local Economic Conditions: Choose a professional who understands the local economic environment in Katy. Familiarity with the city's key industries, such as energy, healthcare, and retail, can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: Texas offers various tax incentives for businesses, including benefits for job creation, investment in certain regions, and industry-specific advantages. 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 Katy
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.