Local Accounting Services in Texas
Our accounting services cover taxes, bookkeeping, payroll, and more. Schedule a consultation today with our certified CPAs for your small business in Texas.
Local Tax Expertise
Ongoing Bookkeeping
Payroll Support
Year-Round Advisory
Local Tax Expertise
Ongoing Bookkeeping
Year-Round Advisory
Payroll Support
Texas Franchise (Margin) Tax Rates
| Entity Type | Tax Rate |
|---|---|
| Most taxable entities | 0.75% |
| Retail or wholesale trade | 0.375% |
| EZ Computation (≤ $20M revenue) | 0.331% |
| No tax due threshold (≤ $2.47M revenue) | 0% |
Texas has no corporate income tax. Instead, businesses pay a franchise tax based on taxable margin.
LLC Renewal Dates and Fees in Texas
| How Often Do You Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
|---|---|---|
| Annually | $300 | $0 |
When Do You Have to File Business Tax Returns in Texas?
| Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
|---|---|---|
| May 15, or same as franchise tax report | May 15, or same as franchise tax report | May 15, or same as franchise tax report |
Texas Individual Income Tax
Texas has no state individual income tax.
Good accountants answer questions. Great ones prevent them.
See the difference proactive accounting makes when you're not scrambling for answers at tax time.
What to Look for in Texas Accounting and Bookkeeping Services
Business Tax Preparation +
Get your taxes expertly prepared and filed by a CPA experienced in your industry so you're always confident about your business tax situation. Our CPAs, with more than 17 years of experience on average, can save your business thousands annually when you delegate the complexities of Texas tax preparation to them!
Bookkeeping +
Strengthen your financial foundation and manage cash flow with meticulous, error-free bookkeeping done for you that saves time and provides critical data-driven business insights. This detailed approach offers the best tools for interpreting data with easy-to-understand reporting, enabling your accountant to develop essential financial models.
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 CPA. Strategic planning helps minimize your business tax liability in Texas throughout the year while ensuring compliance.
Payroll +
Save countless hours each payroll period with our comprehensive payroll service handled for you, with regular tax submissions to the state of Texas, ensuring accuracy and allowing you to focus on other crucial areas of your business.
Business Formation +
Experience the benefits of officially establishing your business in Texas with our complimentary incorporation services. You only cover the state fees, and we manage the rest. Officially establishing your business puts you on a path to hire employees, open a business bank account, and enjoy an optimized business tax structure and maximum tax savings.
Choosing the Right Accountant
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.
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.