Austin is the 4th largest city in Texas with a population of over 960,000 residents. Often referred to as Bat City, the name reflects the fact that the Congress Bridge is home to the largest urban bat colony in North America. Beyond this unique peculiarity, the city slogan, Keep Austin Weird, is designed to promote the area’s small businesses and start-ups. The city is home to the Texas Capitol, Blanton Museum of Art, McKinney Falls State Park, and LBJ Presidential Library. There are 41,653 companies located in the city employing over 873,400 workers. Austin was named the 8th best large U.S. city to start a business and named #1 on the Best Places to Live in the U.S.
Texas Business Incentives
There are several tax credits available to those operating in, looking to expand, or relocate to the Austin area. Availability depends on several factors including entity structure, industry focus, hiring practices, and more. The available incentives include the research & development credit, renewable energy tax incentives, Capital Access Program, Skills Development Fund, Media Production Development Zone Act, and state sales and use tax exemptions.
Map of Austin (TX)
Austin Accounting Services
When an Austin company experiences a compliance challenge or financial reporting need, they turn to Calvetti Ferguson to help. Whether a start-up or established business, our firm can help with routine compliance issues to more complicated “once in a lifetime” events. The combination of practical experience combined with technical expertise allows our team members to bring a fresh perspective to conventional challenges.
Interesting Facts About Austin
- Austin was originally called Waterloo.
- The city does not have a professional sports team.
- Another nickname for the city is “Violet Crown City”, referencing the purplish light visible over the hills in wintertime.
Austin CPA Services
- Benefit Plan Audits
- Cryptocurrency Reporting
- Employee Retention Tax Credit Consulting
- Financial Statement Audits
- IT Risk Assessments
- M&A Transaction Advisory
- Quality of Earnings Report
- Research & Development Tax Credit Study
- SOC Reporting
- State & Local Tax
- Tax Planning & Compliance
- Trust & Estate Planning
Contact our Austin CPAs
Calvetti Ferguson provides tax, accounting, and consulting services to businesses, organizations, and high net worth individuals located in Austin and across Texas. If you have questions or need information on how we can help, complete the form below and a team member will follow up shortly.