Cryptocurrency & Financial Advisory


Cryptocurrency Consulting

At Katy CPA Services, we have taken an initiative to research Cryptocurrency taxation and provide proper guidance to clients.

Cryptocurrency / virtual currency transactions, and mining coins are subject to income tax. We are familiar with all virtual currencies such as Bitcoin, Etherum, Ripple, as well as alternative coins. We have experience working with running various reports on many of the common exchanges used to buy and sell Cryptocurrency. We can provide assistance preparing gain and loss summaries as well as determine the correct tax treatment for various transactions. In a new and expanding field you can rest assured we are going to stay at the forefront of this issue which is a hot topic with the IRS.

We are here to help long term investors, traders, miners, and clients who accept payment in Cryptocurrency.

See below for official IRS guidlines regardarding cryptocurrency.


Personal Financial Planning

Financial Planning

No matter where you are in life, everyone can benefit from a financial plan. We are here to make a difference in the lives of our clients by empowering then with knowledge to live financially responsible and prosperous. We are building long term relationships with our clients and are providing guidance as our clients elevate to the next level. Financial planning is a process. We prepare comprehensive financials, which includes General Investing, Retirement Planning (401K, 403b, 457, SEP, Simple), College Saving Plans, Tax Planning, and Estate Planning. We are a fee only firm. Our financial professionals are here to serve you and help you. We are here to provide guidance for retirement account, asset allocation, funding your child’s education (college), contributing to retirement accounts, and estate planning.

Let’s start or update your financial plan today.

Here are some of the topics we have expertise in advising our clients:

  • Saving for retirement (401k, 457, 403B, SEP Accounts, SIMPLE)
  • Retirement Account Asset Allocation and Diversification
  • Obtaining Social Security and Disability Benefits
  • Retirement Accounts withdrawal (401k, 403b, and 457, Pensions)
  • Life Insurance/ Long Term Disability analysis
  • Death Benefits
  • Estate Planning
  • Credit Repair/analysis
  • Student Loan options
  • Buying a car/purchasing a home


Business Financial Planning

Financial Planning for Small Business Owners

If you’re a small business owner, doing your personal and corporate books can be doubly taxing.

With our help, you can simplify the process by integrating your business and personal planning— in an attempt to find synergies that may help to provide tax and retirement planning opportunities.

Building Financial Strategies for Small Business Owners

We build financial strategies intended to help business owners by:

  • Appropriately Setting Up Retirement Benefits
  • Creating tax opportunities 
  • Moderating risks
  • Planning for business transition

Small Business Financial Planning Process in 8 Easy Steps

We work with our small business owners hand in hand to develop a comprehensive plan for both their personal and business finances.

Step 1: Discovery and Business Analysis

We embark on a discovery period to fully understand your business and identify areas for financial opportunities.

Step 2: Evaluate Corporate Structure

We will work with your CPA and attorney and evaluate the effectiveness and benefits of your corporate structure.

Step 3: Cash Flow Analysis

We will review your financial statements and coordinate with your CPA to determine any opportunities to implement financial planning strategies.

Step 4: Risk Management

We will review both your personal and professional insurance policies to ensure you are adequately protected in your personal life and through your business.

Step 5: Optimize Your Retirement Plan for You and Your Business

We will help identify different types of retirement plans that make sense for your business and what their potential benefits are.

Step 6: Finalize and Implement

We will communicate with your CPA and attorney to help implement the appropriate strategies.

Step 7: Monitor

We will monitor the evolution of your business and continue to find appropriate solutions designed to meet your ever-changing goals.

Step 8: Exit

We will partner with your CPA and Attorney to explore exit options that may suit your needs and outline a plan of action.

10 Common Mistakes Small Business Owners Make

  1. Paying themselves more than they need
  2. Using their Business Account for personal expenses
  3. Not taking advantage of low interest rates and depreciation, when available
  4. Not having the correct corporate structure
  5. Not having a succession and tax plan 
  6. Using liquid funds to make illiquid purchases
  7. Not having the appropriate retirement plan or any retirement plan.
  8. Not having a good bookkeeper
  9. Not delegating or hiring a financial professional
  10. Not having appropriate insurance plan


Financial Health Assestment

For investors, we offer a Financial Health Assessment.

It starts with a one on one conversation with an Our Advisor, who’s focused on understanding your goals.

Then, we will assess your investments, income, expenses, insurance, and other relevant information to understand your current financial situation.

As necessary, we will help provide you with actionable next steps intended to more efficiently achieve your goals.

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.