- Serving Taxpayers Since 1993
- File In Person or Fully Virtual
- Year-Round Help, Not Just Tax Season
- Nonprofit & Church Specialists
- Flexible Refund & Payment Options
Katy gains new small businesses every year. Shops open along the Grand Parkway, contractors work out of garages in Cinco Ranch, and trucks pull out of yards near Brookshire before sunrise. Texas makes part of this easier, since there is no state income tax. But Texas has filings of its own, and the one owners miss most is the franchise report due every May. We help Katy owners keep the federal return, the Texas reports and the books in step, all year, from our office on Kingsland Boulevard.
What Small Business Accounting Problems Do You Have?
Some owners come to us after something went wrong. A letter from the Texas Comptroller says a report is missing. The IRS wants to know why a partnership return came in late. A partner never got a K-1. Other owners call because they just don’t know where they stand. Sales were good, but you have no idea what you owe, or whether you should have been paying the IRS every quarter.
No state income tax fools a lot of new owners. They think there is nothing to file with the state. In fact, almost every Texas LLC and corporation owes the Comptroller a yearly report, even when it owes no franchise tax at all. Skip it and the state can take away the company’s right to do business. On the federal side, every dollar of the tax bill lands on your federal return. Self-employment tax, business deductions and estimated payments carry more weight here, because there is no state return in the mix.
Mixed bank accounts cause trouble too. When the business and the household share one card, no one can tell which costs were for work. That makes the return slow and the deductions thin.
Our Small Business Accounting Services
Companies with partners or shareholders need a return of their own each year. Our Business Tax Preparation in Katy covers partnership, S corporation and C corporation returns, with a K-1 for each owner. We match the books to the bank first and ask about anything that looks odd before we file.
If you are the only owner, the business usually goes straight onto your 1040. Our Self-Employed & Schedule C Returns in Katy are for consultants, rideshare drivers, home bakers, handymen and anyone else paid on a 1099. We claim your costs, figure your self-employment tax, and set up quarterly payments for the year ahead.
New owners can start with Business Startup & Entity Setup in Katy. We talk through an LLC versus a sole proprietor in plain words. Then we help prepare and file the paperwork: the Texas Certificate of Formation, the federal EIN, a sales tax permit, and an unemployment tax account if you plan to hire.
Every May, Texas companies owe the Comptroller a report, whether or not any tax is due. Our Texas Franchise Tax Reports in Katy cover the Public Information Report, the Ownership Information Report, and the full franchise tax report for larger companies. We give this filing its own page because it is the one that most often catches small Katy companies off guard.
Trucks based in Texas that run into other states need IFTA Fuel Tax Filing in Katy. We turn your miles and fuel receipts into the quarterly return the Comptroller expects.
As the business grows, many owners add monthly bookkeeping for Katy companies or payroll and TWC wage reports for small staffs.
Small Business Accounting for Katy Homes and Businesses
For reports due in 2026, a Texas company with 2.65 million dollars or less in yearly revenue owes no franchise tax. That covers most small businesses in Katy. But the Texas Comptroller’s franchise tax page tells owners at or under that line to still file a Public Information Report or an Ownership Information Report. Both are due May 15. A single-owner LLC that made little money last year still has this report to file.
A lot of Katy businesses also run from home, out of a spare room in Firethorne or a garage in Elyson. A home business reports every dollar it earns on the federal return. If you use part of your home only and regularly for the work, some of your home costs may count as a business expense. We figure that part with you, and we keep the rest on your personal side where it belongs.
Why Choose Us for Small Business Accounting
Our firm has prepared business and personal returns since 1993. That is more than 30 tax seasons. We are open all year, Monday through Friday from 10 to 6 and Saturday from 10 to 4. A franchise report question in May or an IRS letter in August gets a real answer from us, not a voicemail until next season. Visit our Kingsland Boulevard office near the Grand Parkway and I-10, or send your records online and sign from home. You hear the fee before we start.
We also prepare the owner’s personal return. The K-1 and the 1040 get done side by side, which is where errors creep in when two offices split the work.
Business work is only part of what we do, so browse our full list of Katy tax services.
Our Small Business Accounting Services
Business Tax Preparation
Partnership, S corporation and C corporation returns, with a K-1 for every owner.
Self-Employed & Schedule C Returns
Federal returns for 1099 earners, consultants and one-owner businesses, plus quarterly payment plans.
Business Startup & Entity Setup
Help with the Certificate of Formation, EIN, sales tax permit and TWC account.
Texas Franchise Tax Reports
The yearly PIR or OIR and franchise tax report, filed by the May 15 due date.
IFTA Fuel Tax Filing
Quarterly fuel tax returns for Texas-based trucks that run in other states.
Common Questions
My Texas LLC made no money last year. Does it still have to file anything?
Usually, yes. The IRS still expects a federal return, or the income and costs on your Schedule C if you are the only owner. Texas still expects a Public Information Report or Ownership Information Report by May 15, even when no franchise tax is due. We can prepare both.
How should I pay myself from my business?
It depends on how the business is taxed. A one-owner LLC taxed like a sole proprietor usually takes owner draws, and the tax is figured on the profit. An S corporation owner who works in the business generally needs a fair salary through payroll. We look at your numbers and explain which applies to you.
What records should I keep for my Katy business?
Keep bank and card statements, receipts for business costs, a mileage log, payroll reports, 1099s you sent or got, and a copy of every federal return and Texas report. A separate business bank account makes all of this much easier to pull together.