Austin Tax Blog


Small Businesses on Congress in Austin TexasRunning a small independent business is hard, complicated work. The hours are long, the choices can be tough and there’s always more work to be done. The planning and tax experts at Escobar & Associates understand that, because as an Austin family owned and operated business ourselves, we’ve been there. We know the struggles and the strife of trying to keep it all balanced, dot every i and cross every t. We’re here to help you cut through the red tape, and keep your paperwork from becoming a stumbling block through our bookkeeping and tax planning services.

Small independent businesses are the backbone of the Austin economy. They give structure to our city, help define the character of the neighborhoods they operate in and enrich and enliven the tapestry of this beautiful city we call home. So many Austin start-ups and mom and pop shops falter each year, not due to a lack of vision or inaccurate planning, but simply because of being unaware of tax breaks and techniques to increase revenue and cut costs. This fate is easily avoidable with a little professional assistance.

It’s important to understand how to make the most of your business. We can help you determine how to maximize profits and analyze expenditures, grooming your business to succeed. Through budgeting and forecasting, we can show you ways to develop strategies that enhance your ability to grow your business and take advantage of key deductions in the future that were meant to help small business owners. Start-ups particularly run the risk of missing out on key deductions, not realizing that expenses incurred before your business is operational can be claimed once you’re up and running. Even such things as time and travel invested in research during the earliest planning stages can be deducted, lowering any initial debt your company may begin with.

Another common mistake is missing out on tax credits that your small business may be eligible for. This is because the tax code is incredibly complex and changes frequently. That’s why it’s good business sense to have an expert helping you navigate through these convoluted waters. Someone whose job it is to stay on top of the ever evolving tax code to help you get the most out of your finances. Not taking the correct deductions can lead to either paying money you don’t actually owe, removing that capital from your revenue stream, or erroneously omitting taxes you do, getting you into hot water further down the line with the IRS. Escobar & Associates even have IRS enrolled agents, who can assist you if you are currently experiencing outstanding tax issues.

Whether you’re an old hand at running a business, or are just getting yourself established, we have a number of services that can assist you in streamlining your work, so that you can focus on the more important and engaging aspects of your company. Whether you need help with day-to-day bookkeeping or with annual tax preparation, whatever the level of service you require, our team of tax experts and planning professionals can assist you with ease and help lighten the load a little.

Escobar & Associates have helped countless local businesses square their books, consolidate their processes and save both time and money with our extensive list of business services. We support Austin independently owned and family businesses because we are one. Rooted in the community for decades, we’re passionate about helping you and your start-up or small business succeed. Contact us today for a consultation, and let’s find out how our family can help yours.