Tax Returns Preparation

Our firm offers professional preparation of all federal, state and local tax returns at competitive affordable rates. We have the expertise to make sure you pay no more in taxes than you need to. Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including:

Single, married, separated, or head of the household taxpayers
Non-resident aliens
Sole proprietors
Corporation, C or S corporations
Partnerships- limited or general partnerships
Limited liability companies (LLC)
Not for profit organizations
Payroll tax returns
All 50 states tax returns
Sales & use tax returns


Tax Planning

Tax planning is an essential element of the tax preparation process. By making tax-planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities. We can implement tailor-made due-date tax compliance monitoring systems to prevent costly interest and penalty assessments attributable to late filing.

International Taxation

Our experience with the taxation of U.S residents working abroad and foreign citizens working in the U.S. has provided us with an extensive base of knowledge in the area of international taxation. By complying with the various tax treaties between U.S and foreign countries, we can eliminate double taxation and take advantage of tax credits available to foreign taxpayers.

IRS Audits & Negotiations

The CPA firm of Reza & Aidroos, P.C. aggressively defends its client's position before IRS, Texas Comptroller and other federal and state government agencies. We handle all types of IRS matters including IRS audit, lien, levy and back tax settlement. We also assist our clients in resolving state sales, franchise tax and property tax issues.

Accounting & Audit Services

Monthly Book-Keeping & Accounting

We offer a complete range of accounting services, including monthly, quarterly and annual accounting & bookkeeping services, general journal and subsidiary ledger maintenance, bank reconciliation, and receivables and payables tracking and analyses. We maintain, update and backup all our clients' detail transaction history for at least seven years.

Financial Statements & Reporting

Our CPA firm prepares professional, GAAP-compliant financial statements as well as tailor-made financial analyses that can help business owners and managers eliminate inefficiency and realize a business's full profit potential.

Payroll Services/Quarterly Filings

Our CPA firm offers comprehensive payroll service at a very reasonable price. We handle all payroll tasks from paycheck processing to quarterly and annual payroll tax filings. We respond to all enquiries relating to employment taxes. We also handle federal & state payroll tax audits

Financial Projections, Budgeting

A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses. We can develop spreadsheet based financial models for financial projections, cash flow analyses, ratio analyses needed for business plans and loan proposals.

Audits, Reviews & Compilations

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on all three levels of assurance:

Audit An intensive examination with the highest level of assurance
Review Some analytical procedures conducted with limited assurance
Compilation Based upon client information provided and used primarily for internal use.

Business Consulting Services

New business setup

The CPA firm of Reza & Aidroos P.C. sets up new corporation, partnership, non-profit entity, PA, PC and LLC at a very reasonable price. We take into consideration both the legal and tax consequences of the situation and help clients choose the right form of business entity. After setting up the new business, we follow up on your progress and government compliances. We assist you obtain federal and state tax numbers. We file monthly, quarterly and annual tax returns, set up your books of accounts, maintain detail general ledger and prepare periodic financial statements. We keep your books of records straight from day one. In other words, we do everything needed to keep you company in good standing. No excuse. You can have a peace in mind knowing that your business is at good hand.

Business Entity Selection

Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.

Incorporation

Our CPA firm can incorporate your business in 24 hours. We take into consideration both the legal and tax consequences of the situation and help clients choose the right form of corporations. We also assist you obtain federal & state tax identification numbers. We have partnership alliance with attorneys who can provide you legal consultation on shareholders agreement, bylaws and other legal matters.

Business Tax & Government Compliance

Our CPA firm of Reza & Aidroos P.C. prepares all types of federal and business tax returns including income, payroll sales & use tax returns. We assist you complying with various government rules and regulations including licenses and permits

Business Valuations

What is my business worth? What are the "value drivers" that make one business more valuable than another? What steps can I take to build shareholder value?

Business Valuations are necessary in a broad spectrum of situations involving need or adversity. We can provide you with a comprehensive analysis and a competent valuation for sale of a business, mergers and acquisitions, partnership disputes, and buy/sell agreements.

Buy & Sell Businesses

Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations. We have clients who often ask us to find prospective buyers for their businesses. We provide fee based consultation services to prospective business buyers and sellers. We also assist in obtaining funds to finance business purchases. Following is a list of businesses that are for sale now:

Gas station on Dallas and Mansfield
Best Western Hotel in Oklahoma
Hair & beauty salon in Allen
Indian restaurants in DFW area
Dry cleaning plants and pickup joints in Frisco, Dallas, & Garland

Management Consulting

Our CPA firm offers a wide range of consulting services to help you improve business operations, boost efficiency, and increase the bottom line. We can setup internal control system within your business organization that can minimize errors and frauds

International Business Consulting

We provide representation in the United States. We provid ethe following services for our international clients

(a)
Act as your agent in conducting negotiations with U.S. companies and governmental agencies.
(b)
Help you to set up distribution operations.
(c)
Incorporate a business in the USA
(d)
Act as registered agent for the corporation
(e)
Conduct financial investigations of U.S. companies.
(f)
Locate a business for sale in the USA
(g)
Assist you in developing and formulating business plans, mergers and acquisitions of U.S. and/or other international concerns
(h)
Work with immigration attorney for investment visa
(i)
Prepare U.S. tax returns for business & non-resident aliens


Business Planning

Most of the lenders, investors and venture capitalists require professionally prepared business plans. We prepare effective business plans including projected cash flows, projected profit and loss statements, balance sheet and ratio analyses for startup and established businesses.

Accounting Software Consulting

Our CPA firm provides accounting software selection, implementation and training services.
We have staff who specialize in Quickbooks, Peachtree and Simply Accounting software. We also have partnership alliance with midrange software companies.

Financial Services

Retirement Planning

It is never too late to start planning for retirement. If you want to live the same life style- or an even better one- than you do now, you need to start planning for retirement... NOW. We can analyze your projected income and expenses and suggest investment-funding techniques to help you. Zahid Reza, CPA is affiliated with H.D. Vest Financial Services.

Employee Benefit Plans-Keogh, 401k, SEP


We provide assistance in setting up employee benefit plans such as 401K, Pension and Profit Sharing plans. Our firm coordinates the whole process from start to finish.

Insurance

Texas Insurance Commission licenses Zahid Reza CPA. We will analyze your needs for insurance whether term, whole, permanent or variable life insurance for yourself, your family and your business. We will structure and recommend the insurance plan that suits your needs.