Tax Preparation in Midland, TX
Business and personal returns for Midland owners, prepared from reconciled books rather than a shoebox of receipts. That includes the oil and gas royalty income, crews working across state lines and Texas franchise tax reports that come with doing business in the Permian Basin.
Midland at a Glance
- County
- Midland County
- From our office
- About 20 miles east of Odessa on I-20
- Sales tax
- 8.25% inside city limits
- Local economy
- Energy, trucking, healthcare and aerospace
Our team in the Odessa office, about 20 miles west of Midland on I-20.
Returns That Reflect How Midland Earns Money
A Midland return is rarely simple. Owners of oilfield service and trucking companies often have pass-through income from an S corporation or partnership, plus personal income from mineral rights, royalties or a working interest in a well.
Each of those is reported differently, and each comes with its own deductions. Preparing the business and personal returns together, from books we already know, keeps the numbers consistent and the deductions from slipping through.
Royalty and Mineral Income
Royalties and working interests reported correctly, with the depletion deductions that apply to them.
Pass-Through Businesses
S corporation and partnership returns prepared alongside the owners’ personal returns.
Tax Preparation for Midland Owners
Business Returns
Returns for sole proprietors, partnerships, S corporations and C corporations.
Personal Returns
Individual returns for owners and families, including the income your business passes through to you.
Oil and Gas Income
Royalty and working interest income reported on the right schedules, with depletion taken where it applies.
Texas Franchise Tax
Franchise tax and information reports filed by May 15, even in years when no tax is due.
Working With Us From Midland
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 20 miles west of Midland on I-20, and you are welcome to stop by with an appointment.
Other Services in Midland
Bookkeeping in Midland
Reconciled accounts, job costing and monthly statements for Midland businesses.
Tax Planning in Midland
Estimated payments, entity decisions and equipment timing before year end.
Payroll in Midland
Pay runs, tax deposits, TWC reports and year-end W-2s and 1099s.
Tax Preparation in Nearby Towns
Frequently Asked Questions
What Midland business owners ask about tax preparation.