Tax Planning CPA in McKinney, TX
McKinney households earn a median income of $105,000, well above the national average, and that income is growing alongside a city ranked #6 among the fastest-growing in the United States by U-Haul’s 2025 data. Higher earnings from Collin County government positions, Collin College careers, and the expanding healthcare corridor mean more complex tax situations: equity compensation from relocating employers, rental income from McKinney’s booming housing market, and new business formations fueled by the city’s outdoor lifestyle economy and historic downtown district.
Our Services
Our Tax Planning Services for McKinney Clients
Every tax planning engagement with AG Freideman delivers specific, actionable strategies tailored to your financial picture. Here is what McKinney clients receive:
- Entity structure analysis: We evaluate whether your McKinney business should operate as a sole proprietorship, LLC, or S-Corp based on your revenue, self-employment tax exposure, and Texas Franchise Tax obligations. For many McKinney business owners earning above $100,000, an S-Corp election can reduce self-employment taxes by thousands annually.
- Retirement contribution optimization: We model SEP-IRA, Solo 401(k), and defined benefit plan contributions to maximize your tax-deferred savings while staying within IRS limits.
- Equity compensation planning: McKinney’s growth has attracted employers offering RSUs, stock options, and equity grants. We build a strategy around vesting schedules, exercise timing, and estimated tax payments so you are not blindsided by a large tax bill.
- Real estate and rental property strategy: With McKinney’s housing market expanding rapidly, many clients hold rental properties. We plan around depreciation schedules, 1031 exchange eligibility, and passive loss rules.
- Estimated tax payment scheduling: We calculate quarterly payment amounts so McKinney clients avoid IRS underpayment penalties, which is especially important for self-employed professionals and those with equity income.
- Year-end action plan: You receive a written list of specific moves to make before December 31: purchases to accelerate, income to defer, contributions to fund, and deductions to document.
Why McKinney Businesses and Residents Choose AG Freideman
Al handles your plan personally. When you book a tax planning session, you work directly with Al Freideman, a licensed CPA and MBA, not a junior associate or seasonal preparer. McKinney clients get the same CPA who knows their situation year after year.
Virtual appointments serve all of McKinney. Our office is on Preston Road in North Dallas, about 30 minutes south of McKinney. Most McKinney clients meet with Al virtually, which means no fighting traffic on US-75 or the Dallas North Tollway. In-person meetings are available when you prefer them.
Transparent pricing with no surprises. Tax planning strategy sessions start at $197. We quote your price before we begin, and that is the price you pay. No hidden fees, no hourly billing that spirals out of control.
52 five-star Google reviews, zero negative reviews. Every single client review is five stars. McKinney clients choose us because our track record speaks for itself, and because personal attention from a CPA with over three decades of experience is hard to find at any price.
Tax Planning Questions from McKinney Clients
What is the difference between tax planning and tax preparation?
Tax preparation is filing your return after the year ends, reporting income and deductions that already occurred. Tax planning happens during the year, before transactions are finalized, so you can make decisions that legally reduce your tax liability. A McKinney business owner who waits until April to think about taxes has already missed every opportunity to lower that year’s bill.
When should tax planning start?
The best time to start is January, but any month before December offers opportunities. We recommend McKinney clients schedule their first strategy session in the first or second quarter so there is time to implement changes like adjusting retirement contributions, restructuring entity elections, or timing asset purchases. S-Corp elections, for example, must be filed with the IRS by March 15 to take effect for the current tax year.
How do RSUs and stock options get taxed?
Restricted stock units (RSUs) are taxed as ordinary income when they vest, based on the stock’s fair market value on the vesting date. Incentive stock options (ISOs) are not taxed at exercise for regular income tax purposes, but they can trigger Alternative Minimum Tax (AMT). Non-qualified stock options (NSOs) are taxed as ordinary income at exercise. For McKinney professionals receiving equity compensation, planning around vesting dates and exercise timing can significantly reduce the total tax impact.
Is tax planning worth it at the $100,000 income level in McKinney?
Yes. At McKinney’s median household income of $105,000, you are solidly in a federal bracket where strategic moves make a measurable difference. Contributing the maximum to a SEP-IRA alone could reduce your taxable income by up to $69,000 (the 2025 IRS limit for self-employed individuals). Even W-2 employees at this level benefit from optimizing withholding, maximizing pre-tax retirement contributions, and timing deductions. Our $197 strategy session routinely identifies savings that far exceed its cost.
Does Texas’s lack of state income tax affect tax planning?
Texas has no personal state income tax, which is one reason McKinney attracts high-earning professionals. However, Texas does impose the Franchise Tax (margin tax) on businesses with revenue above $2.47 million, due annually by May 15. Business owners in McKinney still need careful planning around federal taxes, self-employment taxes, and Franchise Tax obligations. The absence of state income tax actually makes federal planning more important because there is no state deduction to offset federal liability.
Can you help me decide between an LLC and an S-Corp for my McKinney business?
Absolutely. A Texas LLC costs $350 plus the $300 Secretary of State filing fee through our practice. Whether to elect S-Corp status depends on your net business income, how much you pay yourself in salary, and your self-employment tax exposure. We analyze your specific numbers during a tax planning session and give you a clear recommendation. For many McKinney business owners earning above $80,000 in net business income, the S-Corp election pays for itself in reduced self-employment taxes within the first year.
Get Started from Anywhere in McKinney
You do not need to drive to our office to get started. Most McKinney clients work with us entirely through virtual meetings, secure document sharing, and phone calls. The process begins with a free, no-obligation consultation where Al reviews your situation and explains exactly how tax planning can reduce what you owe. From there, we schedule your strategy session and deliver a written action plan you can implement immediately. Call (972) 893-3481 or book directly at agfreideman.com/meeting/ to reserve your consultation. Whether you are a McKinney small business owner, a healthcare professional along the Collin County corridor, or a homeowner with rental properties in one of the city’s growing neighborhoods, we are here to help you keep more of what you earn.
Visit Our Office
Address: 17304 Preston Rd Ste 861, Dallas, TX 75252
Phone: (972) 893-3481
We also offer virtual appointments for clients throughout the DFW metroplex who prefer to meet remotely.
Book a Meeting"I had worked with the same accountant for more than 10 years, so finding a new one was a significant decision. While my previous accountant did a great job, they were located out of state, and I wanted someone local…"
Ready to Get Started?
Book your free consultation with Al Freideman, CPA. 30+ years experience serving Dallas-Fort Worth.