Austin Bookkeeping Hub

Liz Pedraza, the owner and principal at Austin Bookkeeping Hub, has been serving the small business community of Austin for the last 20 years. Her bookkeeping skills and operations management services have helped multiple businesses expand and startups grow. She is a Certified QuickBooks ProAdvisor and proficient in all necessary bookkeeping and accounting software. She established Austin Bookkeeping Hub in 2023 to cater to more small businesses and startups in Austin. Austin Bookkeeping Hub offers affordable and professional bookkeeping and operations management services to small business owners and startups in Austin. They offer customized bookkeeping plans considering the varying objectives and needs of Austin businesses. They believe that one size doesn’t fit all, so they offer a 20-minute consultation session. It gives startups and business owners the opportunity to discuss their current bookkeeping challenges and what they expect from professional bookkeeping services. Their services include professional bookkeeping, bookkeeping cleanup, managing accounts receivables and payables, providing support in tax preparation, and fractional CFO services. They also provide QuickBooks consultation, QuickBooks data migration from QuickBooks Desktop to QuickBooks Online, and QuickBooks implementation and training services. They specialize in real estate bookkeeping, law firm bookkeeping, bookkeeping for the insurance industry, and bookkeeping for PR and digital marketing firms.

Business

What are 17 Essential Tax Deductions Every Small Business Owner Should Know in Texas

111 Hits Austin Bookkeeping Hub Apr 10, 2025, 12:39 PM

As a fellow small business owner and accounting professional, I've crafted this comprehensive guide to help entrepreneurs like you keep more of your hard-earned money. Drawing from my experience working with hundreds of Austin-area businesses, I've seen how proper tax planning can transform a company's financial health. The article walks you through 17 key tax deductions that I've personally found most valuable for my clients: Advertising and Promotion: I highlight local sponsorships that have worked well for Austin businesses Bank Fees and Interest: Those small charges that many of my clients overlook Business Meals: My personal tip about photographing receipts immediately after business meals Business Insurance: Essential coverage that provides both protection and tax benefits Vehicle Expenses: Especially relevant for entrepreneurs traveling across our sprawling Austin metro area Contract Labor: Important considerations for working with our vibrant freelance community Depreciation: Simplified explanations of complex rules with practical examples Education: Investments I've made in my own professional development that were tax-deductible Home Office: Crucial deduction for many Austin entrepreneurs working from home Interest on Business Loans: Often-overlooked deduction I've identified for clients Legal and Professional Fees: Including my own services, which are tax-deductible Moving Expenses: Still available for business relocations Rent and Lease Payments: Particularly significant in Austin's competitive real estate market Employee Salaries and Benefits: Comprehensive tax advantages of various compensation options Taxes and Licenses: Texas-specific considerations like franchise taxes and local permits Telephone and Internet: Practical allocation methods for mixed personal/business use Travel Expenses: Maximizing deductions when attending conferences or meeting clients I've also included personal deductions particularly relevant to business owners like retirement contributions and health insurance premiums. The article concludes with my five-step approach to record-keeping based on years of helping local entrepreneurs transform their tax situations. Whether you're running a food truck, tech startup, or consulting practice, I've designed this guide to help you invest more back into growing your Austin business rather than paying unnecessary taxes. Liz Pedraza Owner & CEO, Austin Bookkeeping Hub