Global Focus
“Texas Based – Global Focus” is not just a tag line. It is truly who Beatty CPA is. We have provided comprehensive professional services to clients in numerous countries across six of the seven continents.
Federal and state income taxes represent a significant expense for many individuals and business entities. U.S. and state tax laws are complex, intricate, and constantly evolving. We help clients develop strategies that align with their goals while optimizing tax efficiency.
In today’s dynamic global economy, expanding business operations across borders and into new markets offers great opportunities—but it also presents challenges. We guide organizations through every stage of global expansion, from strategic conception to operational execution to succession and exit strategies. To address these complexities, we invest in the latest tax research tools and technology, ensuring we stay current with regulatory changes and can provide well-informed guidance.
While audits may seem daunting, we take a proactive and disciplined approach to ensure that tax strategies are properly implemented, all regulatory requirements are met, and tax positions are thoroughly documented, accurate, and defensible in the event of challenge.
We strive to build deep, lasting relationships with our clients, listening carefully to their goals, and tailoring plans that prepare them for their next steps. By thoroughly analyzing each client’s current situation, we provide actionable recommendations designed to achieve their desired outcomes.
Representative Experience
Business Advisory
- Assist clients in designing entity structures that create operational and tax efficiencies to achieve current objectives and long-term goals.
- Collaborate with legal and financial advisors both in the U.S. and internationally.
- Work with closely held businesses and their advisors to analyze financial statements and train management to use data effectively for decision-making.
- Assist business owners with budgeting, forecasting, and cash flow analysis.
- Help owners prepare and interpret key performance metrics to evaluate current business performance and identify potential growth opportunities.
Tax Consulting
- Submit private letter rulings and advise on changes in accounting methods, including IRC Sec. 263A, gift cards, depreciation, Sec. 174, and overall accounting methods, with Form 3115 submissions.
- Advise on changes in accounting periods and Form 1128 submissions.
- Assist clients with merger and acquisition transactions.
- Provide outbound international tax consulting for U.S. businesses operating abroad and inbound consulting for foreign entities doing business in the U.S.
Tax compliance is far more complex than simply completing tax forms and submitting them to the appropriate taxing authorities. Behind every well-prepared tax return is a carefully orchestrated process—a symphony of communication, cooperation, coordination, and collaboration. We intentionally apply these four “C’s” to fully understand each client’s goals and to develop thoughtful tax planning strategies designed to maximize opportunity and manage risk. We recognize the critical importance of seamless coordination between tax consulting and tax reporting functions.
Beatty CPA LLC serves closely held business clients ranging from mid-market businesses with revenues exceeding $1 million to corporate conglomerates. We also serve the C suite and high net worth individuals.
Representative Experience
Federal and State Tax Compliance
- Preparation of consolidated and entity-level returns, including Forms 1120, 1120-F, 1120S, 1065 (with Forms 8804, 8805, and 8813), 1040, 1040NR, 1041, 709, and 706.
- Reporting of international transactions on Forms 5471, 5472, 8992, 8993, 1118, 1116, 8858, 8865, 926, 8621, 4970, and 3520.
- Reporting of foreign financial assets on Form 8938 and FinCEN Form 114 (FBAR).
- State income tax compliance.
IRS Representation
- Responding to IRS notices.
- Successfully representing clients under examination before the IRS within the LBI and SBSE divisions.
- Handling audit matters including gross receipts, cost of goods sold (COGS), inventory accounting, depreciation, C corporation reasonable compensation, S corporation reasonable compensation, business use of company vehicles, intercompany transactions, and hobby loss defense.