Tax Preparation · Big Spring, Texas

Tax Preparation in Big Spring, TX

Big Spring owners often have a business return, a personal return and a rental house or royalty interest on the side. We prepare those returns together from reconciled books, so the numbers agree with each other and with what the IRS has on file.

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
CFP Consulting Office Team

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

Why It Matters in Big Spring

Returns for Business Owners Who Also Hold a Day Job

A lot of Big Spring households have a steady W-2 job at the refinery, a hospital, the prison or the college, and a side business or rental on top of it. Others own a trucking or contracting company outright and pay themselves through an S corporation.

Either way, more than one kind of income ends up on the same return. Wages, business profit, rental income and royalties each have their own rules and deductions, and we prepare the full set so nothing is reported twice or missed.

W-2 Plus a Side Business

Wages and self-employment income combined correctly, with the deductions your business has earned.

Rental Property

Rental income, expenses and depreciation reported on Schedule E.

What You Get

Tax Returns We Prepare in Big Spring

01

Personal Returns

Individual returns with wages, side business income, rentals and royalties.

02

Business Returns

Returns for sole proprietors, partnerships, S corporations and C corporations.

03

Truck and Equipment Depreciation

Tractors, trailers and work equipment depreciated correctly from year to year.

04

Texas Franchise Tax

Franchise tax and information reports filed by May 15, even when no tax is due.

Remote by Default

Working With Us From Big Spring

1

Documents

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

2

Meetings

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

3

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 Preparation in Nearby Towns

Frequently Asked Questions

Questions Big Spring owners ask about tax preparation.

I have a full-time job and a small business on the side. Can you do my return?
Yes. We combine your W-2 wages with the business income, take the business deductions you qualify for and figure the self-employment tax. If your side business has grown, we can also talk about whether your withholding still covers it.
I own a rental house in Big Spring. What do I need to bring?
Rent received, mortgage interest, property taxes, insurance, repairs and anything you bought for the property during the year. We handle the depreciation and report it all on Schedule E.
Does my small trucking LLC owe Texas franchise tax?
Most small LLCs owe no tax, but they still have to file. For 2026 and 2027, businesses with total revenue at or below $2.65 million owe no franchise tax, but they must still file a Public Information Report or Ownership Information Report by May 15. Confirm current thresholds with the Texas Comptroller.
Can I do everything without coming to Odessa?
Yes. 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 preparation 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.