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Small Business Tax & Accounting Services in Texas
Learn how America’s leading virtual accounting firm for small businesses will prepare your taxes, advise you, and maximize your tax savings in Texas.
Texas: Work With the Leading Virtual Accounting Firm for Small Businesses
1-800Accountant’s services are powered by a team of Certified Public Accountants (CPA), Enrolled Agents (EA), and tax professionals and technology, enabling Texas businesses to minimize tasks while maximizing savings. This allows owners to focus their time and energy on growing their businesses in the Lone Star State while we handle the rest.
Local Expertise
Our CPAs have more than 17 years of experience on average.
Save on Business Taxes
We save small businesses more than $12,000 per year on taxes and maximize your refund.
Year-Round Support
Get unlimited access to a dedicated accounting team and proactive, year-round tax planning and advice.
Tax Services in Texas
Texas, known as the Lone Star State, has one of the largest economies in the country. The size and diversity of the Texas economy, along with its business-friendly culture and world-class cities of Austin, San Antonio, Houston and Dallas, make it a popular landing spot for corporations and small businesses alike. But running a small business in Texas is not without its challenges. The competition for market share is furious, and the retention of employees can be costly, with some businesses devoting significant resources to attracting or keeping top talent.
Everything seems to be getting bigger in Texas, but that doesn’t have to include your business tax liability. This is where 1-800Accountant, America’s leading virtual accounting firm for small businesses, can help.
A free business consultation – usually 30 minutes or less – can preview how our suite of professional accounting services can maximize your tax savings in Texas.
Serving Small Businesses Throughout the Entire State of Texas
“1-800Accountant has supported me and my business for years. They give good advice and helped me navigate complex tax issues.”
William
Actual customer testimonial. Photo is illustrative only.
Additional Texas Accounting Resources:
6 Steps to Start an LLC in Texas
Navigating Small Business Taxes in Texas
7 Steps to Start an S Corp in Texas
Texas Accounting FAQs
The cost of using a traditional CPA in Texas varies and commonly involves an hourly rate, which can add up fast. 1-800Accountant’s services are charged as a flat fee, ensuring no surprise bills that exceed your budget.
Non-retail or wholesale small businesses that make more than $1.23 million per year, but less than $20 million annually, you will pay a franchise tax of 0.331%. Wholesalers and retailers pay a 0.375% rate, with other businesses paying a 0.75% rate.
If you make less than $1.23 million in gross receipts annually, this tax does not apply to your small business.
Most small businesses in Texas will have to file and pay a franchise tax in place of a corporate income tax like in most states. While corporate income taxes apply to profits, franchise taxes do not. This tax is filed via the E-Z Computation form.
The most common tax many Texas small businesses will have to pay is the franchise tax.
If you are a member of an LLC in Texas, you should save 15.3% to pay the self-employment tax, which combines 12.4% for social security and 2.9% for Medicare. You should also set aside an additional 10% – 37% to fulfill your federal income tax obligations.
The benefits of forming as an LLC in Texas include personal liability protection, few formal business requirements from the state, and the flexibility that allows you to choose how you would like to be taxed.
Tax and Advisory
We save small businesses more than $12,000 per year on taxes. We guarantee your largest possible refund.
Bookkeeping
Bookkeepers save you time and money. Focus on running your business, and let us handle your day-to-day accounting.
Payroll
Simple integrations, automatic calculations. Running payroll and benefits is easy with experts on your team.
Entity Formation
Entity selection is the key to tax savings. Partner with us to ensure you pick the best one for your situation.
Talk to a business tax expert today for all your tax needs 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.