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Tax & Business Advisory Firm Serving

Proudly Serving The Woodlands, Spring, Conroe, Cypress, Magnolia, Kingwood & Greater Houston Area

L&Y Business and Tax Advisors, LLC is a Woodlands/Spring & Greater Houston Area based Tax & Business Advisory firm that specializes in business and individual tax preparation, as well as tax & business consulting. Our firm also specializes in IRS audits and IRS representation, as well as representation with both Texas State Sales Tax Audits and Texas Workforce Commission (TWC) Audits. Additionally, our firm handles bookkeeping (Quickbooks certifications), payroll, CFO consulting, as well as Research & Development (R&D) & Cost Segregation Studies.

We take great pride in being the premiere boutique tax & business advisory firm in The Woodlands; whereas we are committed to helping our clients improve their long-term financial success.

We offer honest and trusted advice, and take great pride in providing highly personalized and comprehensive tax and business advisory services to privately held businesses and individuals. Our advice and services are tailored to our clients’ needs.

We have been providing expert tax advisory, planning, IRS representation, and CFO services to individuals, businesses, and estates for over a decade. We understand the intricacies of federal and state tax law and have extensive experience navigating IRS processes and procedures. We deploy this knowledge and experience to get the best possible result for all our clients. Located in The Woodlands, Texas, we provide tax services to the following communities:

At L&Y Business and Tax Advisors, LLC you are more than just a number. We understand that behind our clients are REAL people. People who matter, as well as families that are impacted. Someone once asked us, “What makes L&Y different?” Truth is, we just care more…It’s really that simple. We realize that no two clients are the same, and that every client has different needs and expectations. Therefore, we not only work for you, but with you. We like to call it, “Professional services with a unique & distinct, personal touch.”

Areas of Service

We handle a wide variety of tax and business planning cases for both individuals and businesses. Our main areas of focus are tax compliance, business tax & planning, bookkeeping & accounting, IRS representation & resolution, and financial controller/chief financial officer (CFO) Services.

What are the benefits of the R&D tax credit for your company?

Your company can benefit greatly from the R&D Tax Credit. It offers a dollar-for-dollar reduction in your tax bill. There is no upper limit on the expenses you can claim and with it, you may be able to receive up to 10% of your annual R&D costs in federal credits, and even more when you include state credits. Unused credit can be carried back one year or forward up to 20 years, however, individual states have their own rules for carryover periods. With this, businesses can gain access to extra cash – giving them greater financial freedom in the future.

Claiming the R&D Tax Credit

Claiming the R&D credit can bring notable savings for your organization. Depending on the situation, this could mean either reducing income tax in any of the open tax years or taking advantage of federal and state tax credits carried forward for up to 20 years. The newly expanded regulations allow the federal credit to even offset payroll taxes. Therefore, it is certainly worth investigating your prospects for such potential tax-saving opportunities. You can get your R&D tax credit with the help of our tax advisors.

Personalized Services

No two individuals or businesses are the same; as such, we tailor our services to meet the specific needs of each of our clients. As you and your business evolve, our services evolve to fit your needs.

Schedule Your Consultation

Our professional team of experts can make tax season stress-free for you. Call (281) 288-0909 today to book a consultation or fill out our convenient online form and we will respond as soon as possible. We look forward to earning your business.

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