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Accounting and Bookkeeping Services in Plano, Texas
1-800Accountant, America's leading virtual accounting firm, offers expert tax preparation and bookkeeping services tailored for small businesses in Plano, Texas, helping you stay compliant and maximize deductions.
Our Accounting Services for Plano Small Businesses
Business Tax Preparation: Navigate Plano's bustling business landscape with confidence. Our CPAs average 17 years of experience in various industries, helping you comply with local regulations while finding opportunities to reduce your tax burden. By entrusting your tax preparation to our experts, you could save thousands each year.
Bookkeeping: Build a solid financial foundation for your Plano-based business with precise, error-free bookkeeping. Our service saves you time and provides crucial insights to inform your business decisions. We deliver easy-to-understand reports that allow your accountant to develop accurate financial models, giving you a clear picture of your company's financial health.
Tax Advisory: Tax considerations extend beyond April in Texas. Our affordable advisory service connects you with a dedicated small business tax advisor year-round. We help you plan strategically to minimize your tax liability while ensuring compliance with both state and local Plano regulations. Stay ahead of tax changes that could impact your business.
Payroll: Simplify your payroll process and reclaim hours each pay period. Our comprehensive service handles all aspects of payroll, including timely tax submissions to Plano authorities. This ensures accuracy and compliance, allowing you to focus on growing your business in the competitive North Texas market.
Business Formation: Take advantage of Texas's business-friendly environment by officially establishing your company. We offer complimentary incorporation services – you only cover the required Plano and state fees. This sets you up to hire employees, open a business bank account, and benefit from an optimized structure that maximizes tax savings. Let us help you lay the groundwork for success in Plano's thriving business community.
Filing your business taxes online with 1-800Accountant is quick and easy:
- Provide required personal and business information.
- Review and select your online business tax preparation service and complete your purchase.
- Log in to your 1-800Accountant Portal and upload documents critical to preparing and filing your taxes.
Level | Rate |
|---|---|
State Tax Rate | 6.25% |
County Tax Rate | 0.00% |
Municipal Tax Rate | 1.00% |
Dallas MTA Transit Tax | 1.00% |
Combined Sales Tax Rate | 8.25% |
City-Specific Taxes |
|---|
| Plano has a business license fee that all businesses must pay to legally operate within the city. |
Licenses and Permits |
|---|
| Businesses conducting door-to-door sales in Plano are required to obtain a Solicitor Permit. |
Special events organizers in Plano must secure a Special Event Permit before hosting their event. |
Businesses modifying their premises or installing signage in Plano need to acquire Building and Sign Permits. |
Grants and Funding in Plano | Grants and Funding Information |
|---|---|
| Texas Workforce Commission's Skills for Small Business Grant Program | This program offers financial assistance to small businesses with fewer than 100 employees. It provides up to $2,000 per year for training new employees and $1,000 for existing employees. Applications are accepted year‐round, helping business owners enhance workforce skills and remain competitive. |
| Texas Enterprise Fund | This state-level incentive supports job creation and capital investment. It provides grants ranging from $1,000 to $10,000 per qualified job for businesses opening new facilities or expanding existing ones, encouraging long-term economic development across Texas. |
| City of Plano Incentives | The City of Plano offers a range of incentives on a case-by-case basis to stimulate business attraction, retention, redevelopment, and expansion. Businesses are advised to contact the Plano Economic Development department for comprehensive information on available opportunities. |
What to Look for in Plano, Texas Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Plano small business, consider these key factors:
Certifications and State Compliance: Choose a professional with recognized certifications such as a CPA. They should understand Texas tax rules and the specific compliance requirements that affect growing sectors in Plano like technology, healthcare, and manufacturing.
Experience and Specialization: Work with a specialist who has handled the financial needs of local industries. A professional with experience in areas such as IT, financial services, or energy can address the unique financial issues and planning challenges of your business.
Understanding of Local Economic Conditions: Select an accountant or bookkeeper who follows Plano's economic trends. Local insight into the region's diverse industries—from the tech sector marked by over 1,000 companies to retail and professional services—can help in making informed financial decisions tailored to the market.
Knowledge of State Tax Incentives: Look for a professional aware of Texas tax credits available for investments, job creation, and industry-specific growth. This familiarity with local economic drivers like the corporate headquarters in Plano or the dynamic retail scene supports better tax planning and financial strategy.
Talk to a business tax expert today for all your tax needs in Plano.
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.