Texas Capital Bank Client Support will be closed for Presidents' Day on Monday, February 17, 2025. We will be back to our normal 8:00 AM to 6:00 PM support hours on Tuesday, February 18, 2025. 

System maintenance is scheduled to take place on Saturday, February 8, 2025, from 8:00 a.m. CT to approximately 2:00 p.m. CT. During this time, some services may have reduced functionality. 

Simplify Business Tax Planning in 2025 with Smarter Banking

Tax season doesn’t have to be a time of stress and uncertainty. At Texas Capital, we understand the challenges businesses face when preparing their filings — navigating complex regulations, organizing financial data and uncovering opportunities to optimize savings. We are here to help by providing the tools, resources and banking solutions you need to create a smarter approach to business tax planning. Texas Capital will work alongside your tax advisors to streamline the process, helping you navigate the complexities of tax season with confidence and clarity. Together, we’ll support a more efficient tax strategy that saves your business time and money throughout the year. 

2025 Tax Law Changes to Know

To optimize your business’s tax strategy, it is important to stay informed about key regulatory updates. Here are a few significant changes for 2025:

  • Changes to Depreciation Rules: Bonus depreciation rates have been reduced, making it essential to reevaluate equipment purchases or lease agreements. Businesses may need to reassess their capital expenditures strategies to maximize deductions.
  • Expanded Tax Credits: Certain industries, such as renewable energy or R&D-heavy businesses, may qualify for new or increased credits, making now a good time to evaluate operational improvements.
  • Adjustments to Tax Brackets: Updated thresholds may affect business tax planning, particularly for pass-through entities.
     

Texas Capital can work with you and your tax advisors to interpret these updates and align your tax strategies with your unique business goals. While we do not offer tax consulting services, our team approach ensures that we collaborate with clients and their designated tax professionals to support financial planning and efficiency. Reach out to your Relationship Manager to explore how Texas Capital’s banking solutions can streamline tax season complexities. 
 

Four Steps to Simplify Taxes for your Business

To help your business stay ahead, here are actionable steps to streamline your preparation:

  1. Start Early: Business tax planning requires preparation. The earlier you review your financials and consult with your Relationship Manager, the better positioned you are to identify opportunities and address gaps. Texas Capital empowers clients to get ahead of the curve.
  2. Focus on Financial Accuracy: One of the most effective ways to simplify tax season is by maintaining cleaner financial records. Accurate, up-to-date documentation not only reduces the likelihood of costly errors but also ensures a smoother filing process. Businesses that prioritize proper record keeping can confidently identify deductions and avoid missed opportunities.
  3. Review Quarterly Payments: Navigating quarterly tax payments requires a calculated approach. Underpayment can result in substantial penalties, while overpayment ties up working capital. Ensure your estimated tax payments align with updated revenue projections to avoid penalties.
  4. Engage Your Tax Advisor: Regular collaboration with a tax advisor and Texas Capital helps businesses uncover and plan for deductions, such as those for energy-efficient improvements or R&D tax credits. For example, businesses making significant capital investments may qualify for underutilized deductions, such as bonus depreciation or energy credits.

2025 Business Tax Planning Season Checklist

Stay organized and on track for 2025 with this checklist:

Key documents to gather:

  • Bank statements and payroll records
  • Receipts for equipment purchases or energy-efficient upgrades
  • Past-year returns to identify carryover opportunities

Important deadlines:

  • January 15: Fourth estimated quarterly tax payment for 2024
  • March 15: S-Corporation and partnership returns
  • April 15: C-Corporation returns and first estimated quarterly tax payment for 2025
  • June 15: Second estimated quarterly tax payment
  • September 15: Third estimated quarterly tax payment
  • January 15, 2026: Fourth estimated quarterly tax payment for 2025

These dates were pulled directly from the IRS website. They may be different if your corporate tax year does not begin on January 1, 2025.

Essential Steps:

  • Review Past-Year Returns: Look for missed deductions or carryover opportunities for potential savings.
  • Organize Key Financial Documents: Gather invoices, receipts, payroll records and other relevant documents.
  • Maximize Deductions: Work with your tax advisor to claim credits for equipment depreciation, energy efficiency, hiring incentives and R&D development.
  • Leverage Banking Technology: Automate data sharing with your tax advisors, reduce preparation time and improve accuracy with our bespoke treasury solutions.

Maximize Your Efficiency with Texas Capital’s 2025 Tax Planning Guide

To further support your tax preparation, Texas Capital has created a 2025 Tax Planning Guide — a comprehensive resource designed to simplify your tax process. The guide includes:

  • Detailed insights into regulatory updates
  • Tips for organizing financial data
  • A step-by-step checklist for maximizing deductions and meeting deadlines

Download our 2025 Tax Planning Guide to learn more about how we work with business owners, entrepreneurs and their families. 

We welcome the opportunity to earn your business and to create a strategy that is uniquely yours. To learn more about how we can help you with our bespoke solutions, reach out to your Texas Capital Relationship Manager or speak with our Commercial Banking experts. 

Texas Capital Private Bank™ refers to the wealth management services offered by the bank and non-bank entities comprising the Texas Capital brand, including Texas Capital Bank Private Wealth Advisors (PWA). Nothing herein is intended to constitute an offer to sell or buy, or a solicitation of an offer to sell or buy securities.

Investing is subject to a high degree of investment risk, including the possible loss of the entire amount of an investment. You should carefully read and review all information provided by PWA, including PWA’s Form ADV, Part 2A brochure and all supplements thereto, before making an investment.

Neither PWA, the Bank nor any of their respective employees provides tax or legal advice. Nothing contained on this website (including any attachments) is intended as tax or legal advice for any recipient, nor should it be relied on as such. Taxpayers should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor or legal counsel. The wealth strategy team at PWA can work with your attorney to facilitate the desired structure of your estate plan. The information contained on this website is not a complete summary or statement of all available data necessary for making an investment decision, and does not constitute a recommendation. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of the authors and not necessarily those of PWA or the Bank.

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