Tax Planning · Big Spring, Texas

Tax Planning in Big Spring, TX

Most tax savings come from choices made during the year, not from the return in April. We meet with Big Spring business owners ahead of time to look at owner pay, big purchases, entity setup and estimated payments while there is still room to change them.

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Call (432) 249-3597

Big Spring at a Glance

County: Howard County
From our office: About 60 miles east of Odessa on I-20
Sales tax: 8.25% inside city limits
Local economy: Refining, healthcare, corrections, oil and gas, and logistics

Our team in the Odessa office, about 60 miles west of Big Spring on I-20.

Why It Matters in Big Spring

Planning Ahead for Growing Big Spring Businesses

Big Spring’s economic development corporation has been working to bring logistics, distribution and manufacturing to the city, and I-20 and the industrial airpark give local companies room to grow. A trucking company adding units or a contractor taking on plant work can find its tax picture changing quickly.

Growth raises questions that are best answered before the year ends: whether to elect S corporation status, how much salary an owner should take, when to add equipment and whether to put money into a retirement plan. We work through those with you using your current books.

Owner Pay and S Corporations

A reasonable salary and distribution mix worked out from your actual profit.

Growth Purchases

New trucks, trailers and equipment timed for the year they reduce tax the most.

What You Get

Tax Planning Services in Big Spring

Quarterly Projections

A running estimate of this year’s tax so payments match what you earn.

Entity Review

Whether your current setup still fits, and what a change would cost and save.

Retirement Plan Options

Whether a SEP, SIMPLE or solo 401(k) makes sense for you and your employees.

Year-End Meeting

Final decisions on purchases, bonuses and contributions before December 31.

See everything included in our tax planning service →

Remote by Default

Working With Us From Big Spring

Documents

Statements, receipts and tax forms are shared securely online, so nobody has to drive paper anywhere.

Meetings

Calls and video meetings on your schedule, with check-ins through the year, not just a rush in April.

The Office

Prefer to sit down in person? Our Odessa office is about 60 miles west of Big Spring on I-20, and you are welcome to stop by with an appointment.

Across the Permian Basin

Tax Planning in Nearby Towns

Odessa Midland Andrews Crane Monahans Kermit Stanton Seminole Pecos Fort Stockton

Frequently Asked Questions

Questions Big Spring owners ask about tax planning.

How much should I pay myself from my S corporation?

The IRS expects a reasonable salary for the work you do, with the rest taken as distributions. Where that line falls depends on your role and your profit. We help you set a number you can support if anyone asks.

Can a retirement plan lower my business taxes?

Often, yes. Contributions to a SEP, SIMPLE IRA or solo 401(k) can reduce taxable income, and some plans have deadlines before year end. We compare the options for your situation.

I am adding trucks next year. Should I plan now?

Yes. How and when you buy, finance or lease the trucks affects your deductions and your cash. Looking at it ahead of time lets you pick the approach that fits both.

Do I need to meet you in Odessa for a planning session?

No. Big Spring is about an hour from our office, so nearly all of our work with Big Spring clients happens by phone, video and secure document upload. If you want to meet in person, our Odessa office is about 60 miles west on I-20 and open by appointment.

How much does tax planning cost?

Pricing depends on your entity type, transaction volume, and which services you need. We'll give you a flat quote after a short call, so there are no surprise invoices. Most business owners find the tax savings cover the fee.