The yearly tax filing procedure is a crucial metric of the financial performance of the past year for every Texas business owner. That’s why our firm considers business tax preparation in
Houston, TX, as an opportunity to clarify your financial story to the federal and state governments while establishing a clear baseline for the future. We offer a full range of business tax services built around verifiability and compliance, so you can file your taxes with clarity.
The way we deal with small business tax preparation is based on a thorough understanding of your business, your sector, and the regulations applicable to a Texas business. Our target is to reduce the compliance weight while you continue to pay attention to your business. Either it is dealing with the Texas Franchise Tax or the proper classification of deductions, we’re here to help.
What is Business Tax Preparation?
Business tax preparation is basically the professional service of compiling, calculating, and submitting the due tax returns for a business organization. From our point of view as a CPA firm, it is a lot more multifaceted than individual tax preparation. It shows a complete picture of your company’s fiscal year in the tax code’s terms.
This procedure necessitates not only computational proficiency but also professional discretion, the capacity to analyze financial information, introduce applicable statutes, and properly record your transactions. A business tax advisor in Houston, TX, offers the proficiency that programs lack, providing the context and knowledge beyond the figures and reducing the chances of expensive mistakes or audits.
Our Business Tax Preparation Services
Here’s how our CPA-led team helps Texas businesses handle tax preparation.
S Corporation Tax Returns (Form 1120-S)
We provide thorough corporate tax preparation for S Corps, focusing on the correct reporting of income, deductions, and shareholder distributions to maintain S Corp status and compliance.
C Corporation Tax Returns (Form 1120)
C Corp returns involve a high degree of complexity. We manage the detailed requirements of this filing, including the interplay between federal income tax and the Texas Franchise Tax.
Partnership Tax Returns (Form 1065)
We help you prepare reliable partnership tax return filings, including the issuance of K-1s to all partners. Accuracy here is critical, as it directly impacts each partner’s personal tax situation.
LLC Tax Filing
We guide you through the appropriate LLC tax filing, whether as a disregarded entity, partnership, or corporation, based on your elections and circumstances.
Texas Franchise Tax Reporting
We have in-depth experience with the Texas Franchise Tax, helping clients determine the verifiable margin calculation to file with the Texas Comptroller.
Why Choose Us for Business Tax Preparation
Selecting the right accountant for business taxes is a matter of trust. Our clients choose us because we provide a level of service that goes beyond seasonal data entry.
CPA-Led and Reviewed: Every return we prepare is reviewed by an experienced CPA. This layer of professional oversight provides a safety measure against errors and helps identify potential tax planning opportunities.
Year-Round Resource: We’re a small business tax preparer available throughout the year to answer questions and provide guidance, positioning us as a true partner in your financial management.
Deep Texas Industry Knowledge: Our business tax consulting in Houston involves hands-on experience with the specific challenges faced by industries, including energy, construction, and professional services.
Tailored Small Business Tax Preparation Strategies
Tax preparation is not a one-size-fits-all service. Different businesses require different areas of focus.
Tackling Nuances in LLC Tax Filing: In the case of an LLC, the “check-the-box” rules let you decide on your taxation. This election influences both federal and Texas state taxes heavily. For instance, a one-person LLC in Texas could report on a Schedule C, while a multi-member LLC will often necessitate a partnership return. We assist you in discerning these differences and in filing correctly according to your entity’s structure.
Industry-Specific Deductions & Credits: A construction contractor in Houston may have a wide range of deductible expenses, including but not limited to equipment depreciation or job costing, while a tech company benefiting from R&D tax credits would have a completely different list of expenses. From our experience, we know exactly which questions to ask in order to uncover the deductions and credits that are specific to the industry but may have been overlooked otherwise.
Local Focus for Business Tax Filing in Houston: Our local presence means we are aware of the financial factors that affect your company. Whether it is the oil and gas industry’s financial reporting with the associated challenges or the complexities of real estate transactions in a fast-expanding market, our business tax filing Houston services are tailored to suit your situation.
Benefits of Professional Business Tax Preparation
Partnering with a professional firm for your tax needs offers several key benefits that contribute to your company’s stability and success.
- Verifiable and compliant filings with federal and state authorities.
- Identification of potential tax credits and deductions applicable to your industry.
- Mitigation of audit risk through meticulous record-keeping and professional preparation.
- Strategic insight that turns historical data into valuable information for future tax planning.
- Confidence knowing your corporate tax preparation is managed by experienced CPAs who prioritize compliance and clarity.
Our Process for Business Tax Preparation
Initial Consultation
We review your entity type, data records, and prior-year filings to identify issues or tax deduction opportunities.
Document Collection
You will receive a secure list of required forms, income statements, and expenses for tax filing.
Detailed Review
Our CPAs analyze data to look for inaccuracies, missing information, and potential deductions.
Preparation and Filing
We help you prepare and submit your business tax filing in Houston to both federal and state agencies.
Post-Filing Review
We will walk you through your return, answer questions, and discuss strategies for next year.
Who Needs Our Business Tax Services in Houston?
Our tax preparation services are ideal for a range of Texas-based businesses that prioritize verifiability and professional partnership.
- Small to mid-sized businesses in Houston, Baton Rouge, and the surrounding areas.
- S Corporations, C Corporations, and Partnerships with complex financial structures.
- Businesses in key Texas industries, including energy, real estate, construction, and professional services.
- Business owners who value a collaborative relationship with a business tax advisor.
FAQs About Business Tax Preparation
What documents do I need for small business tax preparation?
You will typically require the following documents: profit and loss statement, balance sheet, payroll records, asset purchase details for tax deduction, and income and expense records. We provide a comprehensive checklist to each client.
How much does business tax preparation cost?
Business tax preparation costs are determined by several factors, such as the size and nature of the business and the complexity of the return. Small businesses can usually anticipate spending several hundred dollars on average for professional preparation, but there is a considerable difference between the prices charged by different CPAs and the extent of their services.
How much does an LLC pay in taxes in Texas?
In Texas, most LLCs don’t pay a state income tax but may owe a franchise tax if annual revenue exceeds a set threshold. Federal taxes still apply based on how the LLC is classified, sole proprietorship, a partnership, or a corporation.
How much can a small business make before paying taxes in Texas?
For 2025, Texas businesses with annual revenue below $2.47 million generally don’t owe state franchise tax. However, federal tax obligations still apply regardless of state thresholds.
How to file taxes for a business in Texas?
To file business taxes in Texas, you’ll typically submit a Franchise Tax Report and Public Information Report through the Texas Comptroller’s office. Federal filings are handled separately with the IRS, often with the help of a CPA or tax preparer.
Contact Us for Your Business Tax Preparation
Looking for professional business tax preparation for sound financial management of your business? Get in touch with Dabney Tax & Accounting Services to find reliable support from a CPA-led team. Book your consultation today!
