Services
US & International Tax Services
01
Individual Tax Planning and Preparation
Individual Tax Preparation
The Katy CPA Firm prides itself in seeking the highest possible tax savings and preparing accurate returns. Tax laws and regulations change constantly. The Katy CPA Firm is committed to understanding the intricacy and complexities of the tax law. We are here to navigate clients through all the complexities, so they can focus on what matters most to them. We are passionate about serving our clients and providing them with greatest tax saving.
The Katy CPA Firm clients receive the following services:
- Preparation of income tax returns (individual, partnership, corporation, multi-state, not-for-profit, franchise). We prepare each tax return seeking the maximum deductions and credits allowed by the tax code
- Offer of tax planning to help preserve wealth and reduce tax liability
- Services performed by a competent and reliable firm (proactive and knowledgeable about tax law changes) allowing you to focus on your family and business
- Tax challenges welcomed and met, help with IRS notices and audits
- Education and help in saving by money providing tax tips and updates
- Reliable and trusted professionals support clients and their dreams
- Individual attention and dedication are part of our core values. We go above and beyond preparing returns (analyzing past tax returns and providing advice to save on future tax returns)
- Tax complexities broken into understandable terms—walking through returns to assure understanding
02
Business Tax Planning and Preparation
Business Tax Preparation
Small businesses are the backbone of the American Economy. The focus of The Katy CPA Firm is providing tax and financial solution so clients may focus on running their businesses. We put your interests first. With integrity, we provide advice tailored to clients’ specific needs. We pride ourselves on responding promptly and processing accurate returns.
The Katy CPA Firm clients receive the following services:
- Preparation of income tax returns (individual, partnership, corporation, multi-state, not-for-profit, franchise). We prepare each tax return seeking the maximum deductions and credits allowed by the tax code
- Offer of tax planning to help preserve wealth and reduce tax liability
- Services performed by a competent and reliable firm (proactive and knowledgeable about tax law changes) allowing you to focus on your family and business
- Tax challenges welcomed and met, help with IRS notices and audits
- Education and help in saving by money providing tax tips and updates
- Reliable and trusted professionals support clients and their dreams
- Individual attention and dedication are part of our core values. We go above and beyond preparing returns (analyzing past tax returns and providing advice to save on future tax returns)
- Tax complexities broken into understandable terms—walking through returns to assure understanding
03
State &Local Taxes
Helping You Navigate Multi-State Tax Issues With Confidence
There are thousands of tax jurisdictions across the country, but the ones that matter most to you are the ones in which you do business. Even then, with so many changes and updates, it can feel like the tax landscape is constantly shifting beneath your feet. You don’t have to navigate these issues alone – our experts is here to help.
Our deep bench of tax Professionals brings an unmatched level of expertise and knowledge to ensure you are operating in the most tax-efficient manner. Our state and local tax consultants have years of experience helping business owners identify tax savings opportunities, ensure compliance and resolve tax controversies. We provide:
- Sales & Use Tax Consulting and process Improvement Studies
- Voluntary disclosure negotiations and applications
- Multi-state nexus analysis and planning
- Tax advantafes restructuring
- Tax controversy representation and resolution
- Audit and appeals representation
- Transaction analysis
- Mergers and acquisition due diligence
04
International Tax Services
Global companies need global solutions. From navigating complex tax structures to addressing cross-border issues, our advisors have seen it all. We approach each situation with a little art and a little science to cp-create a solution which works for your company.
International Tax
In a global economy, our clients are consistently doing business cross-border, and we are there to help them not only design the optimal structure but also implement it and ensure the proper annual reporting with the tax authorities.
- Income Tax Return Reporting of International Activities
- Structuring of Foreign-Owned Entities/Business in the U.S.
- Structuring for U.S.-Owned Business Expanding Internationally
- Withholding tax planning and tax return preparation
- Export tax advantages for U.S. businesses
- Global tax minimization
International Tax Advisory
In a global economy, our clients are consistently doing business cross-border and we are there to help them make smart business decisions on a global scale.
- Tax
- Foreign tax credit
- Permanent establishment analysis
- Transfer Pricing
- IFRS Conversion and Implementation
05
Cryptocurrency Tax Services
Cryptocurrency Tax Preparation
After years of avoiding taxation, taxpayers may be required to report the fair market value of their digital currency holdings to the IRS. For 2019 taxes, there is a new question on Schedule 1 of the 1040 tax return: “At any time during 2019, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency?”
Katy CPA Services is experienced with cryptocurrency taxation. You can trust us with your tax filings because we’re well-versed in cryptocurrency tax rules and regulations. We know how to accurately prepare and file your tax returns in line with the most current laws governing cryptocurrency so you avoid penalties, keep more money in your pocket and don’t get into trouble with the IRS.
Digital, virtual, and cryptocurrencies are treated as property. You may need to pay capital gains taxes (Schedule D) on any cryptocurrencies that you used to:
- Trade or sell cryptocurrency to fiat currency such as the US Dollar, Euro, Yen, etc.
- Trade one cryptocurrency for another cryptocurrency
- Use cryptocurrency to purchase goods or services
- Receive payment of cryptocurrency for services that you performed
- Receive digital / cryptocurrency resulting from a fork and/or airdrop
These rules apply to all digital and cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (TLC), Dash (DASH), Ripple (XRP), Bitcoin Cash (BCH), etc. You may also be required to file an FBAR and possibly IRS Form 8938 and report all of the digital and cryptocurrencies that you currently own. And, if you don’t report your virtual transactions properly, the IRS may go after you for penalties and interest and, in some cases you may even face criminal prosecution.
Cryptocurrency Tax Services
Reporting digital currency on your tax returns is not simple but our CPA firm will guide you through this process and get you up to date on your crypto tax filings. We provide:
- Preparing cryptocurrency tax returns
- Amending past tax returns
- Filing back tax returns
- Preparing FBAR (FinCEN Form 114)
- Preparing IRS Form 8938
Free Estimation
Contact Us
If you have any questions, or would like to get started with a free consultation, please contact us today. We look forward to hearing from you.