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Accounting and Bookkeeping Services in McAllen, Texas
Small business owners in McAllen trust 1-800Accountant's virtual accounting experts to manage their books and taxes, saving valuable time while maximizing deductions specific to Texas businesses.
Our Accounting Services for McAllen 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 McAllen 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 McAllen, 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 McAllen 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 | None |
| Municipal Tax Rate | 2.00% |
| Combined Sales Tax Rate | 8.25% |
| City-Specific Taxes |
|---|
| Businesses that own real estate in McAllen city limits pay the Ad Valorem (Real Property) Tax at a combined rate of 1.2041% of assessed value (0.6640% City of McAllen plus 0.5401% Hidalgo County). Payments are due each year by January 31 through the Hidalgo County Tax Assessor–Collector. |
| Licenses and Permits |
|---|
| Commercial building permits are required for any new construction, remodeling, or additions to commercial properties. Submit applications through the City of McAllen's online portal. |
| Trade-specific permits are necessary for electrical, plumbing, mechanical, and sign work in commercial spaces. These must be obtained before beginning any specialized construction work. |
| The following businesses require state-specific licensing through the Texas Department of Licensing and Regulation: real estate professionals, contractors and tradespeople, cosmetologists and barbers, professional service providers. |
| New businesses should contact the City of McAllen Permits Department for guidance on specific requirements for their industry. |
| Grants and Funding in McAllen | Grants and Funding Information |
|---|---|
| Innovation Grant Awards | The McAllen Chamber of Commerce offers funding to support local entrepreneurs and business innovation. Since 2007, over $475,000 has been awarded to more than 50 local businesses. These grants continue to be available to assist startups and established businesses in the city. |
| City of McAllen Grant Administration | The City's Grant Administration Department helps local businesses and organizations identify and apply for grants. This office serves as a central resource for accessing local and state funding opportunities for McAllen entities. Contact this department to navigate available programs and application processes. |
| Skills for Small Business Grant | The Texas Workforce Commission runs this program providing funding for small businesses (with fewer than 100 employees) to train new and existing full-time staff via local community or technical colleges. Grants are available up to $1,800 per year for new employees and $900 for current employees. |
| Texas Woman's University Center for Women Entrepreneurs Grants | These grants support women-owned businesses throughout Texas, including McAllen. Funds can be used for equipment, inventory, or facility improvements. Applications typically open in August with winners announced in September each year. |
What to Look for in McAllen, Texas Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your McAllen small business, you should consider the following factors:
Certifications and State Compliance: Seek professionals with proper credentials like CPA certification who demonstrate thorough knowledge of Texas tax regulations. A qualified McAllen accountant will understand both state requirements and the unique considerations of businesses operating near the US-Mexico border, including international trade compliance issues that affect many local companies.
Experience and Specialization: Find professionals with experience in your specific industry. McAllen's diverse economy includes strong retail, healthcare, international trade, and agriculture sectors. An accountant familiar with your industry will provide more valuable guidance on financial matters specific to your business model and can help navigate seasonal fluctuations common in the Rio Grande Valley economy.
Understanding of Local Economic Conditions: Choose a professional who understands McAllen's unique economic environment. The city's position as a major border commerce hub creates distinct opportunities and challenges. A knowledgeable accountant will recognize how the local economy's strong ties to Mexico impact business operations and can help you adapt financial strategies accordingly during peak cross-border shopping seasons.
Knowledge of State Tax Incentives: Texas offers business-friendly tax advantages, including no state income tax and specific incentives for businesses in McAllen's Foreign Trade Zone. A skilled local accountant can help you navigate these benefits along with McAllen's economic development programs designed to stimulate business growth in the region. Their familiarity with local tax structures can significantly reduce your tax obligations while maintaining full compliance.
Talk to a business tax expert today for all your tax needs in McAllen.
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.