Professional Tax & Accounting Services in Texas
Trusted guidance for small business owners and individuals
Gray & Associates CPA provides proven S Corporation strategies, accurate tax preparation, and proactive planning to help clients save money and stay compliant. From Lago Vista to Austin and across Texas, we deliver disciplined, detail-oriented service backed by 30 years of experience.
S Corporation Tax Strategy
Save thousands annually with a proven approach
Our signature service helps Texas small business owners reduce self-employment taxes by electing S Corporation status. With more than 250 successful implementations, we guide you from setup through payroll and compliance so your savings are both significant and sustainable.
Tax Preparation Services
Accurate, compliant filing for individuals and businesses
Whether you’re filing a personal 1040 or a corporate return, our team ensures every detail is correct and every deduction is considered. We prepare returns for individuals, families, and businesses of all sizes, delivering accuracy, timeliness, and peace of mind.
Tax Planning & Consultation
Proactive strategies to reduce taxes and avoid surprises
Good planning goes beyond filing—it anticipates future tax outcomes. Our consultations provide personalized projections, identify opportunities for savings, and create actionable strategies tailored to your goals.
Frequently Asked Questions
Straightforward answers from experienced CPAs
What makes the S Corporation tax strategy unique?
Most CPAs are aware of the S Corporation election but few focus on it as a client solution. By structuring owner income into salary and distributions, business owners can often save thousands in payroll taxes while still staying compliant with IRS rules. Gray & Associates CPA has made this strategy a centerpiece of our work for over two decades.
Do you only work with clients in Lago Vista?
No—we serve clients across Texas. While our office is based in Lago Vista, we work with entrepreneurs in Austin, Cedar Park, Leander, and statewide through secure online systems and virtual consultations. Local clients can also meet in person by appointment.
How does tax planning differ from tax preparation?
Tax preparation is about reporting what already happened; tax planning looks ahead to shape better results. With planning, we help clients time income and expenses, adjust payroll, and take advantage of deductions so they avoid penalties and reduce overall tax liability.
Can you help me set up a new business entity?
Yes—we assist with establishing corporations or LLCs and filing the IRS election to be taxed as an S Corporation. This includes preparing and submitting the necessary paperwork, ensuring compliance, and setting up payroll so everything runs smoothly from the start.
What should I bring to my first consultation?
We recommend bringing your most recent tax return, current profit-and-loss statement if you own a business, and any questions about future plans. With this information, we can provide a clear projection of potential tax savings and outline the steps needed to achieve them.
