2121 W Spring Creek PKWY
Suite: 201 
Plano, TX 75023
Phone: 469-543-1202
HomeIndividualsSmall BusinessOther InformationAbout UsTest

Contact Us
TAX PEPO LLC...for small businesses

An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice.
Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements. We will help you to:
Comply with banking covenants
Facilitate the purchase and sale of businesses.

Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company's management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.
Why might a business request a review engagement? It can be a good middle ground, providing the advantages of a CPA's technical expertise without the work and expense of an audit.

In compiling financial statements for a client, we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.
Banks often require compilations from an independent CPA as part of their lending covenants

Quality to the uttermost
Small Business Accounting and Bookkeeping Services..

We take care of your books for you, so you can get back to the job of running your business and generating profits.
Each month or quarter we'll do the following things for you...
Reconcile your bank accounts
Generate financial statements
Clean up your general ledger
Provide unlimited consultations

Bank Reconciliations
Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.
Having us reconcile your account each month allows you to...

Identify lost checks, lost deposits and unauthorized wire transactions.

Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.

Detect and prevent embezzlement of funds from within your company.

Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.

Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.

Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough.

Financial Statements

Each month we will provide you with financial statements tailored to your needs. These include an Income Statement, Balance Sheet and Statement of Cash Flows.
Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Maintaining a Clean General Ledger

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.
Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

Unlimited Consultations
We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.

Staffing and CFO Services... 

Do you need part-time accounting staff? Here’s what you get with our Part-Time CFO services...
•More time to focus on new services, new customers and other core business issues.
•Better understanding of the financial side of your business. So you have less surprises and more control over the money.
•Improved decision-making capabilities from clearly seeing the hard and true numbers of your business.
•A readily available sounding board to help you with those tough business decisions and help you clarify your business plans.
•The comfort from knowing that a professional is overseeing, protecting and constantly improving the financial side of your business.
•A professional who establishes strong financial controls in your business to reduce employee theft and increase profits.
•Training and managing your accounting staff.
•Improved quality and timeliness of financial information.
•Budget preparation and monitoring.
•Profitability analysis by service or product line.
•Tax saving strategies.
•Trend analysis.
•Assistance in defining long-range plans and the quantification of goals.
•Cash management.
•Liaison with bankers, attorneys, vendors, insurance agents, etc.
•Assistance in obtaining financing from banks, including assistance with negotiations.
•Review/negotiation of insurance policies.
•Development of company accounting procedure manuals.
•Analysis of equipment purchases, expansions, etc.
•Mergers and acquisitions assistance

Small Business Taxes

We understand the complexity of small business taxes.

We are experts in 

Preparation of form 1120, 1120S
•Preparation of form 1165
•Preparation of form K1
•Preparation of inventory balances ( LIFO)