Tax Planning · Pecos, Texas

Tax Planning in Pecos, TX

When drilling picks up around Pecos, a small service company can double its revenue in a year and get a tax bill to match. When it slows down, the same company can end up paying estimates on income it never earned. We plan around what your books show this year, while there is still time to act.

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Call (432) 249-3597

Pecos at a Glance

County: Reeves County
From our office: About 75 miles southwest of Odessa on I-20
Sales tax: 8.25% inside city limits
Local economy: Delaware Basin oil and gas, trucking, ranching and cantaloupes

Our team in the Odessa office, about 75 miles northeast of Pecos on I-20.

Why It Matters in Pecos

Planning for a Town That Rides the Rig Count

Pecos has lived through more than one boom and bust, and the Delaware Basin has driven the most recent wave. Business owners here know income can change quickly. Tax planning is how you keep the tax side from lagging behind.

Most of the useful moves have deadlines. Equipment has to be placed in service, retirement plans have to be set up and estimates have to be paid on time. We meet with you during the year, not after it ends, so those decisions still count.

Estimates Based on This Year

Quarterly payments recalculated from current books when revenue rises or falls.

Truck and Equipment Timing

Purchases planned for the year the deduction does the most good, not just the year the dealer has stock.

What You Get

How We Plan With Pecos Businesses

Midyear Check-In

A review of year-to-date profit so there is time to adjust before December.

Entity Fit

A look at whether a sole proprietorship, LLC or S corporation still makes sense at your income.

Retirement Options

Owner retirement plans compared, with setup deadlines noted so they are not missed.

Cash Set-Aside Plan

A simple amount to move into a tax account each month, based on what you are earning now.

See everything included in our tax planning service →

Remote by Default

Working With Us From Pecos

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 75 miles northeast of Pecos 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 Big Spring Seminole Fort Stockton

Frequently Asked Questions

Questions Pecos business owners ask about tax planning.

Business doubled this year. What should I do before December?

Get a projection first. Once we know roughly what the year will look like, we can decide on equipment purchases, retirement contributions and your last estimated payment. Waiting until the return is being prepared usually takes most of those options off the table.

Should I buy another truck before year end for the write-off?

Only if you need the truck. A purchase can lower this year's tax, but it still costs cash, and the deduction depends on when the truck is placed in service and the rules in effect that year. We run the numbers with you before you sign.

Is an S corporation worth it for a small oilfield service company?

It can be once profits are steady enough to pay yourself a reasonable salary and still have income left over. It also adds payroll and an extra return. We compare the costs and savings for your numbers before recommending a change.

Do I need to come to Odessa for planning meetings?

No. Planning meetings work well by phone or video, and we share projections online. Our Odessa office is about 75 miles northeast of Pecos on I-20 if you prefer to meet in person, 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.