Tax Preparation in Monahans, TX
Business and personal tax returns for Monahans owners, prepared from your books. We work with a lot of trucking and equipment-heavy businesses, where depreciation and vehicle costs make a real difference to what you owe.
Monahans at a Glance
- County
- Ward County
- From our office
- About 36 miles southwest of Odessa on I-20
- Sales tax
- 8.25% inside city limits
- Local economy
- Oil and gas, frac sand, trucking along I-20, cattle and tourism
Our team in the Odessa office, about 36 miles northeast of Monahans on I-20.
Returns for Businesses That Run on Trucks and Equipment
Between the oilfield, the sand mines west of town and the freight moving along I-20, plenty of Monahans businesses own trucks, trailers and heavy equipment. How those assets are depreciated and when they are sold can swing a tax return by a wide margin.
Owner-operators have their own set of questions too, from per diem to whether they are really a contractor. We prepare returns that account for all of it, using numbers from books that are already reconciled.
Vehicle and Equipment Depreciation
Trucks, trailers and equipment depreciated correctly, including when you sell or trade one in.
Owner-Operator Returns
Self-employed drivers’ returns with the deductions that apply to life on the road.
Tax Returns for Monahans Owners
Self-Employed Returns
Sole proprietor and owner-operator returns with business schedules prepared from your records.
Partnership and Corporate Returns
Entity returns for LLCs, partnerships and corporations, with K-1s for each owner.
Asset Records
A depreciation schedule kept up to date as you buy, sell and trade equipment.
Texas Franchise Tax
Annual franchise tax and information reports filed by May 15.
Working With Us From Monahans
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 36 miles northeast of Monahans on I-20, and you are welcome to stop by with an appointment.
Other Services in Monahans
Bookkeeping in Monahans
Reconciled books and cost tracking for Monahans trucking, oilfield and retail businesses.
Tax Planning in Monahans
Equipment timing, quarterly projections and year-end planning for Monahans owners.
Payroll in Monahans
Pay, overtime, tax deposits and TWC filings for Monahans employers.
Tax Preparation in Nearby Towns
Frequently Asked Questions
What Monahans owners ask about getting their taxes done.
