Welcome to
Hood & House

A trusted provider of expert tax services for individuals and small businesses in the Houston area. Our team of tax strategists have years of experience helping clients navigate complex tax laws and regulations, and we’re dedicated to providing personalized solutions tailored to each client’s unique needs.

Are You Ready for Tax Season?

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Services We Offer

At Hood & House, we offer a range of tax services designed to help realtors, real estate investors, and small businesses. We understand that taxes can be a major source of stress for many people, which is why we’re committed to making the process as simple and stress-free as possible. 

Whether you’re an investor or a small business owner seeking comprehensive tax planning and compliance support, we have the expertise you need to achieve your goals.

Client Satisfaction

Our clients are at the heart of everything we do, and we’re proud to have earned a reputation for providing exceptional service and support. We understand that every client has unique needs and goals, which is why we take the time to listen and tailor our solutions to fit your specific situation. 

Don’t take our word for it – check out our testimonials page to hear from some of our satisfied clients.

Client Satisfaction

Contact Us

Contact Us Hood

Ready to get started? Contact us today to schedule a free consultation with one of our experienced tax professionals. We’ll take the time to understand your needs and provide a comprehensive assessment of how we can help. You can reach us by phone, email, or through our online contact form.

Thank you for considering Hood & House for your tax needs. We look forward to helping you achieve your financial goals!

Our Pricing

The Basics

$ 100 per month
  • One-Time Onboarding Fee
    (Custom Quoted)
  • Annual Frequency Of Tax Strategies/Estimates
  • Support with Your Dedicated Project Manager (Email Only)
  • Prioritized Communication System
  • 24/7 Cloud To Gather, Organize, and Sign Tax Docs
  • Federal & State Tax Returns
  • Video & ScreenCast Communication

Pro Planning

$ 300 per month
  • All Basic Features
  • Quarterly Frequency Of Tax Strategies/Estimates
  • Support with Your Dedicated Project Manager (Phone and Email)
  • Meetings w/ Tax Advisor (Annual Zoom Strategy Meeting)
  • VIP Emergency Access
  • IRS Notice Response (up to 3 per year)
  • Most Popular Package and Best Value

Ultimate Advisory

$ 600 per month
  • All Pro Planning Features
  • Unlimited Frequency Of Tax Strategies/Estimates
  • Support with Your Dedicated Project Manager
  • Planning Meetings w/Your Financial & Estate Team
  • IRS Audit Representation
    (up to 10 hours per year)
  • VIP Rewards
  • Meetings w/ Tax Advisor (Any Time, Scheduled in Advance)
Best choice

Should I Hire a Tax Advisor?

Deciding whether to hire a tax advisor to do your taxes or do them yourself depends on your personal situation and the complexity of your tax situation. Here are some factors to consider:

Complexity of your taxes

If you have a straightforward tax situation, with only one job and no significant investments or deductions, you may be able to do your taxes yourself using online tax software or paper forms. However, if you have a more complex tax situation, such as owning a small business, rental property, or multiple investments, it may be worth hiring a tax advisor to ensure that you're taking advantage of all available deductions and minimizing your tax liability.

Time and expertise

Preparing your taxes can be a time-consuming and confusing process, especially if you're not familiar with tax laws and regulations. If you don't have the time or expertise to navigate the tax code, hiring a tax advisor can save you time and stress, and ensure that your taxes are done correctly.

Potential for Errors

Filing your taxes incorrectly can result in penalties, interest, and even legal issues. A tax advisor can help minimize the risk of errors and ensure that your taxes are filed accurately and on time.

Cost

Hiring a tax advisor can be more expensive than doing your taxes yourself, but it can also be a valuable investment in your financial future. The cost of a tax advisor will depend on your location, the complexity of your tax situation, and the amount of time required to prepare your taxes.

Ultimately, the decision of whether to hire a tax advisor to do your taxes or do them yourself depends on your individual needs and preferences. If you’re unsure, consider consulting with a tax advisor to get a better understanding of the services they offer and the benefits of working with a professional.

Should I Talk with a Tax Professional
before Starting a Business?

Yes, it is a good idea to talk with a tax professional before starting a business. A small business tax professional can provide valuable advice and guidance on a variety of financial and tax-related issues, including:

Business structure

A tax professional can help you decide on the best structure for your business, such as a sole proprietorship, partnership, LLC, or corporation. They can also advise you on the tax implications of each structure and help you choose the one that best suits your needs.

Business structure Houston

Tax planning

A tax professional can help you develop a tax plan for your business that maximizes deductions, minimizes tax liability, and ensures compliance with tax laws and regulations. They can also help you navigate complex tax issues, such as depreciation, inventory accounting, and employee benefits.

Tax planning houston

Financial forecasting

A tax professional can help you create a financial forecast for your business that includes projected revenue, expenses, and profits. This can help you make informed decisions about pricing, budgeting, and financing.

Financial forecasting

Record keeping

A tax professional can advise you on recordkeeping best practices and help you set up an accounting system that meets your business’s needs. They can also help you understand the financial statements and reports that are critical to managing your business.

Regulatory compliance

A tax professional for small business can help you navigate the various regulatory requirements that apply to your business, such as licensing, permits, and reporting obligations. They can also help you stay up-to-date on changes to tax laws and regulations that may affect your business.

Regulatory compliance Houston

Overall, consulting with a tax professional before starting a business can help you avoid costly mistakes and set your business up for success. They can provide valuable insights and advice that can help you make informed decisions and achieve your financial goals.

How Often Should I
Meet with My Tax Advisor?

If you have a small business, you may need to meet with your tax advisor more frequently to discuss financial statements, tax planning, and compliance issues. Larger businesses may need to meet with their tax advisor more frequently to review and analyze financial data and develop strategies for growth.

If you have a complex financial situation, such as owning multiple businesses or investments, you may need to meet with your tax advisor more frequently to ensure that you are taking advantage of all available tax deductions and managing your finances effectively.

Major life events, such as marriage, divorce, or the birth of a child, can have significant financial implications. Meeting with your tax advisor after major life events can help you understand the financial impact and make informed decisions.

If you operate in an industry that is subject to frequent regulatory changes or economic volatility, you may need to meet with your tax advisor more frequently to stay up-to-date and adjust your financial strategy accordingly.

Here are some benefits of hiring Hood & House as your Houston tax professional for your small business accounting, investment taxes, bookkeeping, and payroll needs:

Expertise

Our team of certified accountants has extensive experience in providing accounting and tax services to individuals and small businesses in the Houston area. We stay up-to-date with the latest tax laws and financial regulations to ensure that you receive the most accurate and comprehensive advice and services.

Tailored Solutions

We understand that every business and individual has unique financial needs and challenges. We take the time to understand your specific situation and goals, and provide personalized solutions that are tailored to meet your needs.

Comprehensive Services

We offer a wide range of financial services, including small business accounting, real estate and investment taxes, bookkeeping, and payroll services. By having all of these services available in one place, you can streamline your financial management and avoid the hassle of working with multiple providers.

Improved Financial Performance

With our expert guidance and insights, you can identify opportunities to improve your financial performance, reduce costs, and increase profitability. We can help you optimize your financial operations and develop strategies for long-term growth and success.

Peace of Mind

By entrusting your financial needs to Hood & House, you can have peace of mind knowing that your finances are in capable and trustworthy hands. We prioritize client satisfaction and are committed to providing the highest level of service and support.

Local Expertise

As a Houston-based tax professional firm, we understand the unique financial challenges and opportunities facing businesses and individuals in our community. We are familiar with local tax laws, regulations, and business practices, and can provide tailored advice and solutions to help you succeed.

Partnered with a Business Coach

We have partnered with a skilled business coach to deliver top-notch business valuations. Our collaboration combines financial expertise with strategic guidance, ensuring our clients receive comprehensive assessments of their business worth. You may check out our partner's dedicated page here.

Trusted and Recognized

The Vendor Partner Award recognizes a demonstrated ability to provide high-quality products or services, innovative solutions, and a genuine dedication to helping investors succeed on their wealth-building journey. You may visit their website here.

FAQs

Tax professionals in Houston provide a comprehensive range of services to cater to the tax-related needs of individuals and businesses. They offer tax preparation services, ensuring accurate and compliant filing of various types of tax returns, such as individual, business, partnership, and corporate returns. Tax professionals also specialize in tax planning, helping clients minimize tax liabilities through strategic financial structuring, exploring deductions and credits, and optimizing tax benefits. Additionally, they provide expert tax consulting to address complex tax matters, offering guidance on financial decisions, assisting with tax issues related to businesses, and supporting clients through IRS audits. In cases of tax problems, such as IRS audit notices or penalties, tax professionals navigate the intricacies, representing clients before the IRS and working towards resolving their tax concerns.

When searching for a reliable tax service in Houston, there are several important steps to follow. Begin by conducting thorough online research and examining customer reviews and ratings to assess the quality of their services. Seeking referrals from trusted sources such as friends, family, or colleagues who have utilized tax services in the area can also be helpful. Verify the credentials of potential tax service providers, ensuring they employ qualified professionals like certified public accountants (CPAs) or enrolled agents (EAs) with expertise in tax matters. Assess the range of services offered by each tax service, making sure they align with your specific needs, such as specialized assistance with business taxes if required. Additionally, consider the communication and responsiveness of the tax service, as it is essential to have clear channels of communication and feel comfortable discussing your tax matters with them. Inquire about the cost of their services, ensuring they provide transparent pricing information, and weigh the cost against the value of the services provided. While cost is a factor, prioritize reliability and expertise over selecting the cheapest option.

Using a tax service in Houston offers numerous benefits, including accuracy in the preparation and filing of your tax returns. With their in-depth knowledge of tax laws and regulations, tax professionals can minimize errors, reducing the risk of penalties or audits. Additionally, utilizing a tax service saves you time, particularly if your financial situation is complex, allowing you to focus on other important aspects of your life or business. These professionals are adept at identifying eligible deductions and credits that you might overlook, maximizing your tax benefits, and potentially increasing your refund or lowering your tax liability. They also ensure compliance with the ever-changing and intricate tax laws, staying updated on the latest changes. Furthermore, tax professionals provide personalized advice and support tailored to your specific financial circumstances, assisting with tax planning, addressing your tax-related inquiries, and guiding you in optimizing your overall tax position.

Tax services in Houston have the expertise to assist with personal and business taxes, including individual, business, partnership, and corporate returns. They can help individuals with income tax preparation, deductions, credits, and accurate reporting of various income sources. For businesses, tax services provide support in preparing and filing business tax returns, handling payroll taxes, offering guidance on deductions and credits specific to businesses, and addressing tax-related concerns based on the business structure. Whether you require assistance with personal taxes, business taxes, or a combination of both, tax services in Houston are well-equipped to handle the complexities and ensure compliance with tax laws.

When choosing a tax service in Houston, there are a few key factors to consider. First and foremost, look for a tax service with a strong reputation and a track record of providing reliable and accurate tax assistance. It’s important to ensure that the tax professionals employed by the service are experienced and knowledgeable in tax laws and regulations specific to Houston and the state of Texas. Additionally, consider the range of services offered by the tax service, such as tax planning, IRS representation, or assistance with complex tax situations. Finally, take into account the fees charged by the tax service and compare them to the value and quality of the services provided. By carefully evaluating these aspects, you can choose a tax service in Houston that meets your specific needs and provides you with peace of mind during tax season.

Hiring a tax service in Houston offers multiple benefits. Houston-based tax professionals are not only well-versed in federal tax regulations, but they also possess an in-depth understanding of Texas-specific tax laws. By enlisting their expertise, you can ensure accurate, efficient, and compliant tax filing. Additionally, local tax professionals can provide personalized advice tailored to your financial situation, helping you maximize deductions, minimize liabilities, and avoid potential penalties or audits. Their knowledge of the region and its specific nuances makes them an invaluable asset for both individuals and businesses looking to navigate the complexities of the tax system.

Before meeting with a tax professional in Houston, it’s essential to gather pertinent financial documents to facilitate a smooth and comprehensive tax preparation process. Typically, you should prepare your W-2 or 1099 forms (depending on your employment status), records of any additional income, details of deductions such as mortgage interest or student loan interest, records of contributions to tax-advantaged accounts like IRAs or HSAs, and any documentation of tax credits you may be eligible for. If you’re a business owner, financial statements, business expense records, and payroll documents are crucial. Additionally, having the previous year’s tax return can provide your tax professional with valuable context and aid in the current year’s preparation.

Bookkeeping and payroll services play a crucial role in ensuring tax compliance and facilitating accurate financial reporting for businesses. Bookkeepers maintain meticulous records of financial transactions, income, and expenses, which are essential for preparing tax returns. They also organize and categorize financial data, making it easier to calculate taxable income and claim deductions. Additionally, payroll services handle the calculation and withholding of taxes from employee paychecks, including income tax, Social Security, and Medicare. By accurately tracking and reporting these deductions, businesses can meet their tax obligations and avoid penalties. Moreover, bookkeepers generate financial statements, such as profit and loss statements and balance sheets, providing valuable insights for business owners to make informed financial decisions and comply with reporting requirements.

Bookkeeping and payroll professionals often utilize a range of software and technology tools to streamline their processes and enhance accuracy. Commonly used bookkeeping software includes QuickBooks, Xero, and FreshBooks, which allow for efficient data entry, expense tracking, and financial reporting. Payroll software such as ADP, Gusto, and Paychex is employed to manage employee compensation, tax calculations, and direct deposits. These systems often integrate with time-tracking software to accurately record employee hours. Cloud-based platforms are increasingly popular, enabling remote access and collaboration while maintaining data security. Additionally, electronic document management systems and digital receipt scanning tools help in organizing and storing financial documents, reducing paperwork, and enhancing efficiency in bookkeeping and payroll tasks.

Bookkeeping and payroll services are integral to effective financial planning and budgeting for businesses. Accurate and up-to-date financial records provided by bookkeepers offer valuable insights into a company’s financial health. Business owners and managers can analyze historical financial data to identify trends, forecast future revenue, and allocate resources strategically. Payroll services ensure that labor costs are accurately accounted for, helping businesses budget for employee compensation, benefits, and taxes. With this financial clarity, businesses can make informed decisions, set realistic financial goals, and adjust their strategies to achieve them. Bookkeeping and payroll services provide the necessary financial foundation for developing and maintaining comprehensive budgets that support growth, profitability, and long-term success.

Real estate investors in Spring, TX, can take advantage of several tax incentives and benefits. The state of Texas does not impose a personal income tax, which can result in significant savings for investors. Additionally, there are property tax limitations in place, offering some level of predictability in taxation. Certain investment strategies, such as 1031 exchanges, allow investors to defer capital gains taxes when selling one investment property and purchasing another. It’s crucial for investors to consult with a tax professional to fully understand the specific tax advantages available in Spring, TX, and how they can optimize their investment strategy accordingly.

Purchasing an investment property in Spring, TX, involves several key steps. Firstly, it’s important to define your investment goals and budget. Research local market trends and neighborhoods to identify potential properties. Engaging a qualified real estate agent who specializes in investment properties can streamline the process. Once you find a property, conduct thorough due diligence, including property inspections and title searches. Secure financing by applying for a mortgage or exploring other funding options. After negotiating the terms and reaching an agreement with the seller, you’ll enter into a purchase contract. The closing process involves finalizing paperwork, transferring funds, and officially taking ownership of the property. Effective property management or tenant acquisition strategies should also be considered to maximize your investment’s potential. Each step requires careful consideration and potentially consulting professionals like real estate agents, attorneys, and lenders to ensure a successful investment journey in Spring, TX.

Optimizing deductions and credits through tax planning involves carefully assessing your financial situation to identify opportunities for tax savings. To maximize deductions, consider contributing to tax-advantaged accounts like 401(k)s or IRAs, which can reduce your taxable income. Additionally, staying organized and keeping track of eligible expenses such as mortgage interest, medical expenses, and charitable contributions can help you claim itemized deductions. Regarding tax credits, be aware of available credits such as the Child Tax Credit or Earned Income Tax Credit and ensure you meet the criteria to claim them. Consulting with a tax professional can be invaluable in identifying the most effective strategies to optimize deductions and credits tailored to your specific financial circumstances and goals. Remember that tax laws can change, so it’s crucial to stay informed and adapt your tax planning strategies accordingly.

Yes, there are often tax deductions and credits that individuals and businesses may overlook without the assistance of a professional tax preparer in Houston, TX. Tax laws and regulations can be complex and subject to change, and tax preparers are well-versed in identifying opportunities for savings. They can help you uncover deductions such as those related to education expenses, home mortgage interest, charitable contributions, and business-related expenses. Tax preparers are also skilled at identifying tax credits like the Earned Income Tax Credit (EITC), the Child Tax Credit, and energy efficiency credits that you may qualify for. By working with a knowledgeable tax preparer, you can maximize your tax savings while ensuring that you remain in compliance with IRS rules and regulations, ultimately helping you keep more of your hard-earned money.

The time it takes to have your taxes prepared by a professional in Houston can vary depending on several factors. Firstly, it depends on the complexity of your tax situation. Simple tax returns with fewer sources of income and deductions can typically be prepared more quickly, often in a matter of days or even hours. However, more complex returns involving businesses, investments, or multiple deductions may take longer, often several weeks or more.

Secondly, the timing of your tax preparation can affect the speed of the process. During the peak tax season, which is typically from January to April, tax professionals in Houston may have a higher volume of clients, which could lead to longer turnaround times. It’s advisable to schedule your tax appointment well in advance to avoid any last-minute rush.

Lastly, the efficiency and experience of the tax professional you hire also play a role. Experienced and organized tax preparers may be able to complete your return more swiftly while ensuring accuracy.

To get a more precise estimate of the time it will take to prepare your taxes in Houston, it’s best to discuss your specific situation with the tax professional you plan to hire. They can provide you with a more tailored timeline based on your unique circumstances and needs.

Working with Hood & House as your Houston tax professionals can help you
save time, reduce stress, and achieve your financial goals.

We are dedicated to providing the highest quality financial services to individuals and small businesses in the Houston area, and we look forward to helping you succeed.