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Accounting and Bookkeeping Services in Killeen, Texas
Small business owners in Killeen can focus on serving Fort Hood families and the local community while 1-800Accountant manages their bookkeeping and tax compliance with precision.
Our Accounting Services for Killeen Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by a CPA 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 Killeen 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 Killeen, 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 Killeen 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.
Discussing your business taxes with 1-800Accountant is quick and easy:
- Set up a time for us to give you a call.
- Tell us what’s going on with your business.
- Get matched with an accountant who knows your industry & local regulations.
| Level | Rate |
|---|---|
| State Tax Rate | 6.25% |
| County Tax Rate | 0.50% |
| Municipal Tax Rate | 1.50% |
| Combined Sales Tax Rate | 8.25% |
| City-Specific Taxes |
|---|
| The Ad Valorem Tax applies to real property (land & buildings) within city limits at a combined rate of $0.6573 per $100 of assessed value ($0.1466 for debt service; $0.5107 for municipal operations). |
| Licenses and Permits |
|---|
| All businesses in Killeen must obtain permits through the Planning & Development Services Department. |
| The following businesses require specific licenses and permits in Killeen: food service establishments, home-based businesses, contractors and construction services, professional services (accountants, consultants), retail businesses. |
| Permit applications can be submitted at the Permit Department located at 101 E. Ave C or downloaded from the City of Killeen website. |
| Grants and Funding in Killeen | Grants and Funding Information |
|---|---|
| City of Killeen Applications for Funding | The City of Killeen manages several grant application processes for local organizations and businesses each year. For 2025, applications and required documents are due March 7, 2025. These opportunities often prioritize community development, business support, and revitalization. |
| Texas Workforce Commission Grants | The TWC regularly offers grants to businesses supporting workforce training, job creation, and economic development, including programs like Skills Development Fund, Self Sufficiency Fund, and High Demand Job Training Program. Killeen businesses can view and apply for active grant competitions through the TWC. |
| Texas Semiconductor Innovation Fund | Created under the Texas CHIPS Act, this fund is designed to attract and expand semiconductor-related manufacturers and supply chain businesses within Texas. Recently, a $2.4 million state grant was awarded to support a specialty chemicals facility expansion in Killeen, creating new jobs and significant capital investment. |
| City of Killeen ARPA/HUD Grants | The city manages $1.78 million in American Rescue Plan Act funds from the U.S. Department of Housing and Urban Development. While these allocations often prioritize public health, housing, infrastructure, and local business resilience, Killeen businesses may be eligible for select grant initiatives under this program. |
What to Look for in Killeen, Texas Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Killeen small business, you should consider the following factors:
Certifications and Texas Compliance: Look for professionals with proper credentials like CPA certification or enrolled agent status. Your financial professional should demonstrate thorough knowledge of Texas tax regulations, including the state's no personal income tax policy, franchise tax requirements, and sales tax collection rules that affect Killeen businesses.
Military and Defense Industry Experience: Given Killeen's strong ties to Fort Cavazos (formerly Fort Hood), seek accountants familiar with military-related businesses, government contracting, and defense industry regulations. This specialized knowledge helps navigate complex reporting requirements and identify tax advantages specific to businesses serving military communities.
Understanding of Local Economic Diversification: Choose a financial professional who understands Killeen's evolving economy beyond its military foundation. Your accountant should recognize how the growing healthcare, education, retail, and small business sectors in Killeen create unique financial considerations and opportunities for local entrepreneurs.
Knowledge of Regional Business Incentives: Select an accountant familiar with Central Texas business incentives, including Killeen's economic development programs, potential property tax abatements, and the benefits available through the Killeen Business League. A local professional can help you access these resources to strengthen your business's financial position while maintaining compliance with Texas regulations.
Talk to a business tax expert today for all your tax needs in Killeen.
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.