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Accounting and Bookkeeping Services in Lewisville, Texas
1-800Accountant, America's top virtual accounting firm, helps Lewisville small businesses navigate Texas tax laws, optimize deductions, and maintain accurate financial records for peace of mind.
Our Accounting Services for Lewisville Small Businesses
Business Tax Preparation: Navigate Lewisville's business landscape confidently with our expert tax preparation services. Our CPAs, averaging 17 years of experience, specialize in local industries and regulations. By entrusting your taxes to our team, you can potentially save thousands each year while ensuring full compliance with Texas tax laws.
Bookkeeping: Build a strong financial foundation for your Lewisville business with precise, accurate bookkeeping. Our services save you time and provide crucial insights for data-driven decision-making. We deliver clear, easy-to-understand reports that help you interpret your financial data effectively. This detailed process also enables your accountant to develop valuable financial models tailored to your business needs.
Tax Advisory: Texas tax considerations extend beyond April. Our affordable tax advisory service connects you with a dedicated small business tax advisor for year-round guidance. We help you plan strategically to minimize your tax liability throughout the year while ensuring your Lewisville business stays compliant with local and state regulations.
Payroll: Simplify your payroll process and reclaim hours each pay period. Our comprehensive services handle all aspects of payroll, including accurate and timely tax submissions to Lewisville authorities. This allows you to redirect your focus to growing your business while ensuring your employees are paid correctly and on time.
Business Formation: Take advantage of our complimentary incorporation services to establish your business officially in Texas. We manage the entire process - you only cover the necessary Lewisville and state fees. This sets you on the path to hiring employees and opening a business bank account, while optimizing your business structure for maximum tax savings and legal protection under Texas law.
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 | 0.50% |
Municipal Tax Rate | 1.25% |
Lewisville Crime Control District SP Tax | 0.13% |
Lewisville Fire Control District SP Tax | 0.13% |
Combined Sales Tax Rate | 8.26% |
City-Specific Taxes |
|---|
| Lewisville, Texas imposes a Franchise Tax on most businesses. This tax is applicable to corporations and limited liability companies based on their taxable margin, with a standard rate of 0.75% for most entities and a reduced rate of 0.375% for qualifying wholesalers and retailers. |
Licenses and Permits |
|---|
| Itinerant merchants, solicitors, and door-to-door sales require city-specific licensing in Lewisville. |
Building permits are necessary for new construction or significant renovations in Lewisville. |
Businesses operating in commercial spaces in Lewisville must obtain a Certificate of Occupancy. |
Grants and Funding in Lewisville | Grants and Funding Information |
|---|---|
| Lewisville Small Business Grants | The City of Lewisville offers grants for small businesses, including for-profit organizations, non-profit organizations, and sole proprietors operating within the city. These grants are designed to support local economic development and enhance business sustainability. |
| Texas Enterprise Fund (TEF) | The TEF offers "deal-closing" grants to companies planning significant projects in Texas. It is structured to attract and retain businesses in the state by supporting projects that promise substantial job creation and capital investment. |
| Skills for Small Business Program | Managed by the Texas Workforce Commission, this program provides grants to businesses with fewer than 100 employees to support training for new and incumbent workers. The initiative is aimed at enhancing workforce skills and boosting business competitiveness. |
What to Look for in Lewisville, Texas Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Lewisville small business, consider these key factors:
Certifications and State Compliance: Choose an accountant or bookkeeper who holds a CPA license or equivalent certification. They must understand Texas tax rules and local filing requirements, which helps address the specific demands of businesses in a growing market like Lewisville. With industries such as logistics and manufacturing flourishing, proper certification is essential to keep your books accurate and compliant.
Experience and Specialization: Look for professionals who have worked with businesses in key Lewisville sectors such as manufacturing, healthcare, retail, and biotechnology. Their hands-on experience in these fields can provide practical advice specific to your industry. Whether you run a local retail store or a tech-related business, a specialist who understands your niche offers clear benefits.
Understanding of Local Economic Conditions: Lewisville boasts strong sectors including logistics, manufacturing, and healthcare, and its economy is driven by a mix of traditional industries and innovation. A local accountant who knows about these sectors can offer insights into how regional trends affect your business. This local knowledge is valuable when planning for growth, managing cash flow, and adjusting to changing market conditions.
Knowledge of State Tax Incentives: Texas offers various tax credits and incentives aimed at boosting job creation and capital investment, particularly in innovation and technical services. An accountant with expertise in the state’s tax breaks can pinpoint opportunities to reduce your tax burden. They can guide you through applying for these incentives, which may be especially beneficial given Lewisville’s dynamic economic landscape.
Talk to a business tax expert today for all your tax needs in Lewisville.
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.