Tax Preparation in Dallas, TX, for Your Business and Personal Returns
Tax preparation in Dallas, TX covers both sides of an owner’s taxes: your individual Form 1040 and your business return. For businesses, we prepare Forms 1120-S, 1120, and 1065, starting with a check of which form your entity actually files. Clients who also use our bookkeeping receive 20% off their tax return preparation fees.
Ideal for:
- Sole proprietors and single-member LLCs filing Form 1040
- S corporations filing Form 1120-S
- C corporations filing Form 1120
- Partnerships and multi-member LLCs filing Form 1065
- Owners who want business and personal returns in one place
What Happens When We Prepare Your Return
Tax preparation follows a clear set of steps, so you know what we need from you and when.
01
Intro call.
We learn about your business, your entity type, and how last year’s returns were handled.
02
Document checklist.
You receive a list of what to send, based on your returns and how your books are kept.
03
Records review.
We go through your books and documents and ask about anything that looks incomplete.
04
Return preparation.
We prepare your business and individual returns and note any items worth discussing.
05
Review before filing.
We walk you through your return and answer your questions before anything is filed.
How Professional Tax Preparation Will Help Your Business
A return prepared with your full financial picture in view is easier to stand behind if questions come up later. The process can also surface items worth planning for before next year.
01
The right form for your entity.
Filing the correct return for your business structure may help you avoid notices and corrections later.
02
Business and personal returns that agree.
Income that passes through from your business return is carried consistently onto your Form 1040.
03
An earlier look at what you owe.
Reviewing your records well before the deadline can give you more time to prepare for a tax bill.
04
Help after the deadline.
Questions about your return later in the year go to the same accountant who prepared it.
05
20% off with bookkeeping.
If we also keep your books, your tax return preparation fees drop by 20%.
If you are not sure which return your business files, one call can sort out what you need.
Why Dallas Owners Choose FTG Financial as Their Accounting Firm
Your tax return reflects a full year of work, so it deserves an accountant who knows your business. Joseph founded FTG Financial in 2024, bringing big-company accounting experience to small business owners at an affordable rate. You can still reach your accountant after tax season ends.
When we also keep your books, your return starts from records we have reconciled all year. You also get one accountant who sees how your business and personal taxes fit together.
- Founded in 2024
- Answers the phone in the off season too
- 20% off tax prep with bookkeeping
Common Questions About Tax Preparation in Dallas, TX
Which tax form does my business file?
Sole proprietors and most single-member LLCs report business income on Form 1040, Schedule C, and multi-member LLCs generally file Form 1065. A business that elects S corporation status files Form 1120-S, while a C corporation files Form 1120 and pays tax at the corporate level. S corporation and partnership income generally passes through to owners on a Schedule K-1 for their personal returns.
How much does tax preparation cost in Dallas?
Tax preparation pricing depends on the type of return, its complexity, how well-organized your financial records are, and any additional services, such as tax planning or consulting beyond preparing and filing your return. Clients who also use our bookkeeping services receive 20% off their tax return preparation fees.
Do I need to file a Texas state income tax return?
No, Texas has no personal state income tax, so individuals do not file a Texas income tax return. Many Texas businesses do have an annual franchise tax filing with the Texas Comptroller. We help you understand whether your business has that filing and what it involves.
When are business tax returns due?
Calendar-year partnership and S corporation returns are due March 15. Individual returns and calendar-year C corporation returns are due April 15. If a deadline falls on a weekend or legal holiday, it moves to the next business day; IRS disaster relief may also change the applicable deadline. We confirm your dates on the intro call and build your document checklist around them.
A timely extension request provides an additional six months to file: until September 15 for calendar-year partnerships and S corporations, or October 15 for individuals and calendar-year C corporations, subject to the same weekend and holiday rules. An extension gives you more time to file, not more time to pay. For example, a balance due April 15 that remains unpaid until October 15 accrues interest for those six months and may also incur late-payment penalties, even with a valid filing extension.
What should I gather before my tax return is prepared?
Start with your bookkeeping records or financial statements for the year, plus last year’s returns. Add any income forms you received, such as W-2s or 1099s, along with records of large purchases. We send a checklist tailored to your returns, so you are not guessing what to include.
Get Your Returns Prepared by an Accountant Who Knows Your Business
Tell us which returns you need this year, and we will explain what to send and what happens next.