Neighbors, and a firm built for growing businesses
Moore has a strong small-business economy, and construction plays a big part in it. Many local contractors, roofers, and trade companies have grown with the city. Alongside them are franchise owners, retailers, and service businesses that have moved past the startup stage.
Once your business reaches $1 million or more in revenue, tax mistakes get expensive. Busy seasons and big jobs can create a strong year, and without a plan that strong year can come with a tax bill you didn’t see coming. Brooks Brown, EA, Tax Strategist, works with Moore owners to see it early and plan around it.
Who we work with in Moore
Contractors & trades
Roofing, restoration, home building, HVAC, plumbing, electrical, and concrete. Job costing, crews, subs, and equipment, all planned together.
Franchise owners
Restaurants and service franchises along the busy corridors, with build-outs, franchise fees, and payroll across units.
Trucking & transportation
Hotshot and freight operators with trucks, trailers, fuel, and per diem to plan around.
Real estate investors
Owners holding rentals and commercial property, often alongside an operating business.
Medical & dental practices
Local practices with owner pay, equipment, and retirement planning.
Veterinary practices
Clinics serving the city and the surrounding area, with equipment and staff payroll.
Tax moves that fit Moore businesses
For equipment-heavy, payroll-heavy businesses, a handful of rules do most of the work.
- The Oklahoma PTE electionIf your company is an S corp or partnership, it may be able to pay Oklahoma tax at the business level at 4.75% and deduct it federally. Your share of that income is then excluded from Oklahoma personal tax, which tops out at 4.5%. We always show the business tax and your personal tax as separate numbers.
- Heavy vehicles and bonus depreciationWork trucks over 6,000 lbs. used in the business can qualify for a large first-year deduction.
- Section 179 and bonus depreciationTime equipment purchases to the year they help most, rather than buying just for the deduction.
- The S corp electionA profitable trade business run as a sole proprietorship may be paying more self-employment tax than it needs to.
- Hiring your childrenFamily businesses can pay kids for real work, and that income can be largely free of federal tax when the rules are followed.
- Oklahoma Investment/New Jobs CreditIf you fabricate or manufacture, new equipment or new jobs may earn an Oklahoma credit for five years.
Close by, and fully virtual
We’re based in Norman, a short drive from Moore. We work by video and phone so you don’t lose time off the job site. Meetings fit around your schedule.
One monthly Tax Plan, starting at $475 per month and priced by complexity: entities, transaction volume, payroll, and other states.
- Year-round tax planningA current projection, so a big season never surprises you in April.
- Bookkeeping with job costingKnow what each job really earned.
- Payroll and 1099sCrews on payroll, subs on 1099s, filed on time.
- Sales and use taxTracked and filed where your work requires it.
- Business and personal returnsIncluded in your plan.
- IRS audit protection and representationIf a notice or audit comes, we handle it with you.
Questions Moore owners ask us
Is Cannon & Brown close to Moore?
Yes. We’re based in neighboring Norman. Most work happens by video and phone. Meetings fit around your schedule.
We had a record year. How do we avoid a huge tax bill?
Plan before the year ends. We project your taxes as the work comes in, so we can time equipment purchases, set owner pay, consider retirement contributions, and adjust estimated payments while there’s still time to act.
Should my roofing or construction company be an S corp?
Often, once profit is high enough, but not always. We compare your current setup with an S corp using your real numbers, including a reasonable salary and the Oklahoma PTE election, and show you the difference before you change anything.
Can you handle payroll for field crews and 1099s for subs?
Yes. Payroll, payroll tax filings, W-9 collection, and 1099s are all part of the plan, so the people side of your business is handled with your books and taxes.
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What could a strategy save you?
- S corp
- Solo 401(k)
- Augusta Rule
- Hiring your kids
- Oklahoma PTE