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Accounting and Bookkeeping Services in Laredo, Texas
Small business owners in Laredo trust 1-800Accountant's expert CPAs to handle their bookkeeping and tax needs, saving valuable time while maximizing deductions and maintaining full compliance.
Our Accounting Services for Laredo 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 Laredo 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 Laredo, 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 Laredo 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 |
|---|
| Most businesses in Laredo pay the state-level Texas Franchise Tax, which is 0.75% of their taxable margin and is due May 15 each year. |
| Licenses and Permits |
|---|
| New businesses in Laredo must obtain a General Business Permit and verify zoning compliance for their location; further information on these and other city-specific requirements can be found on the City of Laredo website. |
| If your Texas business sells or leases tangible personal property or taxable services, a Sales Tax Permit is required from the Texas Comptroller's Office. |
| Grants and Funding in Laredo | Grants and Funding Information |
|---|---|
| Outdoor Spaces, Façade, and Storefront Improvements Grant Program | This City of Laredo program provides financial assistance to small business owners and nonprofits to enhance exterior spaces and strengthen the community. Grants of up to $20,000 are available for single businesses, while property owners with multiple businesses sharing a façade can receive up to $30,000. The program is administered by LiftFund on behalf of the City of Laredo and focuses on improvements to outdoor spaces, façades, and storefronts. |
| Small Business Water Relief Grant Program | Designed to support Laredo's micro and small businesses affected by the pandemic and recent water boil notice, this program offers $2,000 grants per business. With total funding of $270,000, these grants can be used for various business expenses including payroll, working capital, rent, inventory, and other operating costs. Applications are processed until funds are depleted. |
| Texas State Small Business Credit Initiative | This state-level initiative helps traditionally underserved business owners access capital. The program includes a Capital Access Program (CAP) that assists Texas businesses in securing loans for expansion and operational costs, and a Loan Guarantee Program (LGP) that reduces risk for lenders. Eligible businesses must have 499 employees or fewer. |
| Rural Business Development Grants | Available to businesses in rural areas of Texas, these grants come in two categories: Opportunity Grants for smaller projects (up to 10% of total annual funding) and Enterprise Grants for larger projects benefiting small businesses. The Rural Economic Development Loan & Grant Program offers loans up to $2 million and grants up to $300,000 for rural economic infrastructure improvements. |
What to Look for in Laredo, Texas Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Laredo small business, you should consider the following factors:
Certifications and State Compliance: Verify that your accounting professional holds appropriate credentials, such as CPA certification, and thoroughly understands Texas tax regulations. Look for accountants familiar with both state-specific requirements and the unique cross-border tax implications that affect many Laredo businesses operating near the Mexican border.
Experience with International Trade: Select a financial professional who understands the complexities of international commerce and cross-border transactions. Given Laredo's position as the busiest inland port on the U.S.-Mexico border, your accountant should have experience with customs documentation, import/export regulations, and the financial reporting requirements for businesses engaged in international trade.
Industry Specialization: Find an accountant with experience serving businesses in Laredo's key industries, including logistics, transportation, warehousing, and distribution. Professionals who understand the financial structures of these sectors can provide more targeted advice on cash flow management, equipment depreciation, and industry-specific tax deductions.
Knowledge of Local Economic Factors: Work with a financial professional who understands Laredo's unique economic environment, including its bicultural market, seasonal business fluctuations tied to cross-border shopping patterns, and the impact of federal border policies on local commerce. This local economic insight helps inform more accurate financial forecasting and business planning for your company.
Talk to a business tax expert today for all your tax needs in Laredo.
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.