Small Business Accountant in Prosper, TX
Prosper has earned its reputation as the third fastest-growing wealthy suburb in America, with population surging more than 81% and a median household income of $187,603. That growth has created a wave of new LLCs, S-Corps, and sole proprietorships serving real estate development, executive consulting, home services, and the professional families drawn to Prosper’s top-rated schools and $823K median home values. These are not simple tax situations, and the business owners behind them deserve a CPA who understands high-income tax strategy, not a seasonal preparer reading from a script.
Our Services
Our Small Business Tax and Accounting Services for Prosper Clients
Prosper business owners who work with us receive a complete accounting and tax solution built around their specific entity type, industry, and income level. Here is exactly what we deliver:
- Business tax preparation: Schedule C returns for sole proprietors ($750 to $1,200), S-Corp and partnership returns including K-1 preparation ($1,000 to $2,000), filed accurately and on time every year.
- Monthly bookkeeping and payroll: Bank reconciliation, categorized transactions, and payroll processing for $300 to $600 per month, so your books are always tax-ready and your employees are paid correctly.
- Texas franchise tax and Public Information Report: Annual compliance filings ($250 to $500) due May 15 each year, handled entirely by our team so you never miss the deadline or overpay.
- LLC formation and S-Corp elections: Texas LLC setup for $350 plus the $300 state filing fee to the Secretary of State, along with guidance on whether electing S-Corp status could reduce your self-employment tax burden.
- Sales tax filing and compliance: Texas charges 6.25% state sales tax plus up to 2% local tax (8.25% maximum). We handle registration, filing, and remittance based on your frequency and complexity.
- IRS representation: If you receive an audit notice, owe back taxes, or need penalty abatement, Al represents you directly before the IRS at $200 per hour.
Why Prosper Businesses and Residents Choose AG Freideman
Personal attention from a licensed CPA, not junior staff. Many Prosper business owners have told us they left larger practices because they were tired of explaining their situation to a different associate every year. When you work with AG Freideman, Al handles your account personally, every call, every return, every question.
30+ years of experience across multiple industries. Prosper’s business community includes real estate developers, corporate executives running side ventures, medical professionals, and construction companies. Al has worked with all of these verticals and knows which deductions apply, which entity structures save money, and which strategies hold up under IRS scrutiny.
Virtual appointments that fit a Prosper schedule. Our office is located at 17304 Preston Road Suite 861 in Dallas, a straight drive south on the Dallas North Tollway. But most Prosper clients prefer virtual meetings. We handle everything remotely: document upload, video consultations, e-signatures, and electronic filing. You get the same quality without the commute.
Transparent pricing and 52 five-star Google reviews. We publish our pricing so there are no surprises. Every one of our 52 Google reviews is five stars, because we deliver consistent, personal, high-quality work for every client.
Small Business Tax and Accounting Questions from Prosper Clients
What does a small business accountant do?
A small business accountant handles your bookkeeping, prepares and files your federal and state tax returns, manages payroll, ensures compliance with Texas franchise tax requirements, and advises you on tax-saving strategies throughout the year. For Prosper business owners with higher incomes and more complex financial situations, having a licensed CPA (rather than an unlicensed preparer) means your accountant can represent you before the IRS and provide professional judgment on entity structure, deductions, and estimated tax payments.
How much do small business accounting services cost in Prosper?
At AG Freideman, sole proprietor tax returns (Schedule C) range from $750 to $1,200. S-Corp and partnership returns run $1,000 to $2,000 depending on complexity. Monthly bookkeeping with payroll processing costs $300 to $600 per month. These are transparent, flat-fee prices. We quote your cost upfront so there are no hidden charges.
Do I need to file Texas franchise tax?
Yes. Every Texas LLC, S-Corp, partnership, and corporation must file a franchise tax report and Public Information Report with the Texas Comptroller by May 15 each year. Businesses with total revenue below the no-tax-due threshold (currently $2.47 million) still must file the report even if they owe $0. We handle this filing for Prosper businesses for $250 to $500 annually.
Should my Prosper business elect S-Corp status?
If your business nets more than roughly $50,000 to $60,000 per year after expenses, an S-Corp election may reduce the self-employment tax you owe on that income. Many Prosper business owners, particularly consultants and professionals with high earnings, save thousands annually through S-Corp elections when structured properly. Al can evaluate your specific revenue and expenses during a tax planning session ($197 and up) to determine whether the savings outweigh the additional payroll and filing costs.
Does Texas have a state income tax I need to worry about?
No. Texas has no state personal income tax, which is one reason high-income professionals are drawn to Prosper. However, Texas does impose the franchise tax (margin tax) on business entities, and businesses that sell taxable goods or services must collect and remit state and local sales tax. These obligations still require careful compliance and timely filing.
Can I work with AG Freideman without driving to your Dallas office?
Absolutely. Most of our Prosper clients work with us entirely through virtual meetings, secure document sharing, and electronic signatures. You get the same dedicated, one-on-one service from Al without leaving Prosper. In-person meetings at our Preston Road office are always available if you prefer face-to-face conversations.
Get Started from Anywhere in Prosper
Whether you operate out of a storefront along Preston Road in Prosper, run a home-based consulting practice near Frontier Park, or manage rental properties across Denton and Collin counties, we are ready to handle your small business tax and accounting needs. Your free consultation with Al Freideman takes about 20 minutes. We will review your current situation, answer your questions, and give you a clear quote with no obligation. Call (972) 893-3481 or book directly at agfreideman.com/meeting/ to get started today.
Related Services & Nearby Areas
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…"
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Book your free consultation with Al Freideman, CPA. 30+ years experience serving Dallas-Fort Worth.