Tax Planning in Andrews, TX
Tax planning for Andrews owners who would rather make decisions in October than find out about them in April. We look at your numbers during the year and help you decide on payments, purchases and entity setup while there is still time to act.
Andrews at a Glance
- County
- Andrews County
- From our office
- About 35 miles north of Odessa on US-385
- Sales tax
- 8.25% inside city limits
- Local economy
- Oil and gas, oilfield services, cattle and cotton, waste disposal and retail
Our team in the Odessa office, about 35 miles south of Andrews on US-385.
Decisions That Change Your Bill Before the Year Ends
In a county where oil drives most of the income, a good year and a bad year can look very different on the same business. A planning review partway through the year shows where you are headed and what is still in your control.
For owners who also run cattle or farm, there are extra levers: when to sell, when to buy equipment, and how the farm and business income affect each other. Those choices only help if they are made before December 31.
Midyear Check-In
A look at your year to date numbers so estimates and purchases match what you are really earning.
Ranch and Business Together
Planning that treats your farm and business income as one picture, not two separate problems.
How Tax Planning Works for Andrews Owners
Estimated Tax Payments
Quarterly payments sized from your current books, not copied from last year’s return.
Entity Structure Review
Whether a sole proprietorship, LLC or S corporation still fits your income today.
Equipment and Livestock Timing
When buying a truck, equipment or cattle makes the most sense for your tax year.
Retirement Contributions
Options to put money away for yourself and lower your tax bill at the same time.
Working With Us From Andrews
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 35 miles south of Andrews on US-385, and you are welcome to stop by with an appointment.
Other Services in Andrews
Bookkeeping in Andrews
Separate, reconciled books for Andrews owners who run more than one operation.
Tax Preparation in Andrews
Personal and business returns with farm, royalty and franchise tax filings.
Payroll in Andrews
Pay runs, tax deposits and TWC filings for small Andrews employers.
Tax Planning in Nearby Towns
Frequently Asked Questions
What Andrews owners ask about planning ahead.