Frequently Asked Questions
Have a question about working with a CPA firm? Here are answers to what Sugar Land and Houston business owners ask us most. Don’t see your question here? Book a free consultation and we’ll answer it directly.
General
How much does a CPA cost in Sugar Land?
It depends on what you need. A simple personal tax return is very different from a business audit or ongoing bookkeeping. Book a free consultation and we’ll explain what your situation involves and what it would cost, before you commit to anything.
Do I need an accountant or a CPA for my small business?
For everyday bookkeeping, a good accountant can be enough. A CPA becomes important when you need audited or reviewed financial statements, complex tax planning, or advice you can rely on for lenders, investors, or the IRS. We can help you figure out which one you actually need.
Is FM Financial Services a CPA-led firm?
Yes, we are a CPA-led accounting and tax firm based in Sugar Land, TX, serving clients throughout Sugar Land, Houston, and remotely across the USA.
Can I work with you if I’m not in Sugar Land?
Yes. Many of our clients across Houston and beyond work with us remotely, sharing documents securely online and meeting by video call. You’re also welcome to visit our Sugar Land office in person.
Tax
When are Texas franchise tax reports due?
Texas franchise tax reports are generally due in mid-May each year. If you’re unsure whether your business owes tax or needs to file, we can check for you.
Do you offer tax planning, or just tax filing?
Both. We handle tax preparation and filing, but we also offer tax planning and advisory throughout the year, so you’re making decisions with tax in mind, not just reacting at filing time.
Audit & Assurance
What does a financial audit actually involve?
A financial audit is an independent review of your financial statements to confirm they’re accurate and complete. Our process includes planning, reviewing your internal controls, testing the underlying data, and delivering a final report with our findings.
Do you perform audits for nonprofits and grant applications?
Yes, we provide financial reviews and audits for nonprofit organizations, including reviews required for grant applications and annual 501(c)(3) filings.
What’s the difference between an internal audit and a financial audit?
A financial audit is an independent review of your financial statements, usually for lenders, investors, or compliance. An internal audit looks at your internal processes and controls to catch risks and inefficiencies before they become bigger problems.
Bookkeeping & CFO Services
Do you offer ongoing bookkeeping, not just help at tax time?
Yes, our Client Accounting Services include ongoing monthly bookkeeping, so your books stay accurate and current year-round, not just during tax season.
What is a Fractional CFO, and do I need one?
A Fractional CFO gives your business senior-level financial strategy and guidance without the cost of hiring a full-time CFO. It’s a good fit for growing businesses that need more than bookkeeping but aren’t ready for a full-time executive hire.
Getting Started
How do I book a consultation?
You can schedule a free consultation directly through our website, or call us at (832) 788-2777.
What should I bring to my first meeting?
Last year’s tax return, recent bank statements, and a short note on what you’re trying to solve. If you don’t have everything, come anyway, we’ll help you sort it out.