Frequently Asked Questions

For our Tax Advisory clients, we proactively review and implement strategies throughout the year—analyzing allowable deductions, optimizing entity classifications, calculating quarterly estimates, and guiding tax-impacting decisions. We also offer separate Accounting services that keep your books accurate and up-to-date, ensuring your annual filing is a meticulously planned process rather than a rushed one.

Absolutely. We utilize bank-grade 256-bit encrypted digital client portals via TaxDome, secure document vaults, and adhere to strict professional standards for client confidentiality.

Yes. We believe client service is an ongoing strategic partnership. Our team provides year-round advisory check-ins, timely deadline tracking, and responsive support whenever questions arise.

Yes. We assist clients with formal IRS and Texas tax notice responses, transcript reviews, penalty abatement requests where eligible under IRS criteria, and unfiled prior-year tax returns.

We file individual (1040), S-Corp (1120-S), C-Corp (1120), Partnership (1065), LLC, Trust/Estate (1041), Non-Profit (990), and applicable state income tax returns.

The standard federal deadline is April 15. We can file extensions to October 15 when needed, but tax liabilities remain due April 15.

We handle state return filings for individuals and business entities requiring multi-jurisdiction reporting.

We use a secure client portal for all document uploads and communication to protect your confidential financial information.

We can help you prepare prior-year returns to bring your filings up to date with the IRS.

Texas has no individual state income tax. Certain businesses may be subject to the Texas Franchise Tax.

Tax planning is most effective when done proactively throughout the year, rather than waiting until tax season.

An S-Corp election may offer payroll tax advantages once business net income reaches consistent levels. We review your specific financial numbers to assess suitability.

Self-employed individuals often utilize SEP-IRAs, Solo 401(k) plans (up to the annual IRS limit of $70,000 for 2026, plus age 50+ catch-up), or SIMPLE IRAs.

Estimated tax payments are typically due in April, June, September, and January. We help calculate recommended payment amounts based on your projected earnings.

An LLC offers legal flexibility and liability protection. An S-Corp election on top of an LLC may provide payroll tax advantages once net earnings reach consistent levels.

The Texas Secretary of State typically processes filings within several business days depending on state processing volumes.

An Employer Identification Number (EIN) is your federal business tax ID, required to open commercial bank accounts and file business tax returns.

For new entities, Form 2553 must be filed within 2½ months (75 days) of formation. For existing entities, it must be filed by March 15th of the tax year it is to take effect.

No. We provide payroll setup, configuration, and training through payroll software partners (like Gusto or QuickBooks). You or your team will execute regular pay runs directly on the platform.

The IRS evaluates behavioral control, financial control, and the type of relationship to determine worker status. We provide guidance to help ensure proper classification.

The IRS requires active S-Corp shareholders who provide services to receive a reasonable W-2 wage subject to payroll taxes. We advise on benchmarking reasonable salary figures.

We primarily work with QuickBooks Online, QuickBooks Desktop, and Sage.

Bookkeeping involves recording and reconciling daily financial transactions. Management accounting focuses on organizing that data into financial statements for internal business planning.

Yes. We assist with bookkeeping catch-up and cleanup services to bring un-reconciled records up to date.

A Fractional CFO provides forward-looking financial advisory, cash flow forecasting, budgeting, and performance analysis on a part-time or advisory basis.

No. We provide internal management advisory services only. We do not provide attest, audit, or compilation services for third parties or lenders.

Advisory sessions are tailored to your needs, typically conducted monthly or quarterly to review financial performance, update forecasts, and address strategic questions.

Do not ignore it. Most notices have strict 30-day or 60-day response windows. Contact us promptly with a copy of the notice so we can determine the appropriate steps.

The IRS may grant penalty relief under First-Time Abatement for eligible taxpayers with a clean filing history, or under Reasonable Cause for specific qualifying hardships.

Yes. We assist in preparing and submitting unfiled back returns to help restore your standing with the IRS.

We file sales and use tax returns specifically for the state of Texas.

We prepare and file 1099-NEC (non-employee compensation), 1099-MISC (rents, other income), 1099-DIV (dividends), and 1099-INT (interest payments).

1099-NEC forms must be filed with the IRS and provided to recipients by January 31. Other 1099 forms must also be provided to recipients by January 31.

Texas sales tax returns are generally due on the 20th day of the month following the end of the reporting period (monthly, quarterly, or annually).