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Accounting and Bookkeeping Services in Austin, Texas
1-800Accountant, America's leading virtual accounting firm for small businesses, offers seamless end-to-end bookkeeping and accounting services handled by experts designed to give you peace of mind and the extra time you need to focus on building your business.
Our Accounting Services for Austin Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by an accountant with expertise in your industry and a deep understanding of Texas tax laws, so you're always confident in your business tax situation. Our Austin-based CPAs, with more than 17 years of experience on average, can save you thousands annually when you delegate complex Texas tax preparation to them! We'll help you navigate the unique tax landscape of Texas, including franchise taxes and local regulations specific to Austin.
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. Our bookkeeping services are tailored to meet the needs of Austin's vibrant business community, delivering essential tools for interpreting financial 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 with all state and local tax regulations, including those specific to Austin.
Payroll: Save hours each pay period with comprehensive payroll services handled for you, with regular tax submissions to the city of Austin and the state of Texas, ensuring accuracy and freeing you to focus on other vital aspects of your business. Our payroll solutions accommodate Texas-specific requirements, including workers' compensation and payroll tax obligations, keeping your business compliant.
Business Formation: Enjoy the advantages of officially establishing your business in Texas with our complimentary incorporation services. Simply cover any Austin-specific 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. We'll help you navigate Texas's business-friendly environment, making the incorporation process smooth and efficient.
| Level | Rate |
|---|---|
| State Tax Rate | 6.25% |
| County Tax Rate | 0% |
| Municipal Tax Rate | 1% |
| MTA tax | 1% |
| Combined Sales Tax Rate | 8.25% |
| City-Specific Taxes |
|---|
| Austin businesses must collect and remit a combined sales tax rate of 8.25%, which includes the 6.25% state sales tax, a 1.00% city sales tax, and an additional 1.00% Austin Metropolitan Transportation Authority (MTA) tax. |
| Licenses and Permits |
|---|
| The following businesses require city-specific licensing in Austin: food handling businesses, trade contractors, bed and breakfast businesses |
| Grants and Funding in Austin | Grants and Funding Information |
|---|---|
| Family Business Loan Program | Offers low-interest loans to qualified small businesses in Austin for expansion and job creation. |
| Texas Enterprise Fund | Provides cash grants to businesses that commit to significant job creation and capital investment in Texas. |
What to Look for in Austin, Texas Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your small business, you should consider the following factors:
Certifications and State Compliance: Ensure the accountant or bookkeeper has the appropriate certifications, such as being a Certified Public Accountant (CPA). They should also be well-versed in Texas's specific tax regulations and compliance requirements to effectively manage your financial obligations within the state.
Experience and Specialization: Search for professionals with experience in your specific industry. Specialized knowledge is crucial for managing industry-specific financial matters and for strategic long-term planning.
Understanding of Local Economic Conditions: Opt for a professional who understands the local economic environment in Austin. This includes familiarity with the city's prominent industries, such as technology, music, education, and healthcare, as this knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: Texas offers various business-friendly tax incentives, including programs for enterprise zones, research and development, and investments in renewable energy. A knowledgeable financial professional can help navigate these incentives and make recommendations to minimize your tax burden.
Talk to a business tax expert today for all your tax needs in Austin
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.