Business Details
14 Years
experience
Trusted Tax & Accounting Services in Palo Alto
At KY & Associates, CPA, EA, we are dedicated to empowering individuals and small to mid-sized businesses to optimize their financial outcomes through tailored, year-round tax, bookkeeping, and planning solutions. Our team combines deep industry expertise with a proactive approach, addressing both short-term and long-term financial goals while maintaining the highest standards of accuracy and reliability. With over a decade of experience, we specialize in complex tax returns, including foreign account reporting, AMT credits, and multi-state filings, ensuring compliance and minimizing liabilities. Our commitment to transparency is reflected in our flat-fee pricing structure, which eliminates hidden charges and provides clarity from the outset. We prioritize personalized service, offering individual attention to each client while maintaining a fair and competitive fee structure.As an IRS Enrolled Agent and member of the National Association of Enrolled Agents, we uphold rigorous professional standards and continuous education to deliver trusted advice. Our strategic partnerships with leading insurance and retirement plan providers in the San Francisco Bay Area further enhance the value we provide to clients. Located in Palo Alto, California, we serve clients across the region with a focus on exceptional service and measurable results. Our teams extensive experience includes recognition from the IRS for outstanding achievement, ensuring clients receive expert guidance grounded in real-world insights. By combining technical proficiency with a client-centric philosophy, we strive to be the cornerstone of our clients financial success.
Services
Tax Return Preparation
Bookkeeping
Tax Planning
Financial Planning
Foreign Account Reporting
Amended Returns
Business Tax Compliance
Payroll Services
Multi-State Filings
Estate & Gift Tax
Details
- Year established: 2012
Highlights and features
- We specialize in complex tax returns for individuals and businesses with international and multi-state needs.
- Our proactive approach integrates short-term compliance with long-term financial strategy.
- Flat-fee pricing ensures no hidden charges or unexpected costs.
- IRS-recognized expertise with an Outstanding Achievement Award recipient on staff.
- Personalized service combining technical proficiency with individual client attention.
Associations and certifications
- IRS Enrolled Agent
- National Association of Enrolled Agents
Services
Tax Return Preparation
We prepare federal, state, and multi-state tax returns for individuals and businesses, including complex scenarios like foreign assets, AMT credits, and business income. Our team ensures compliance while optimizing deductions and credits. Clients receive clear guidance on filing requirements and deadlines.
Foreign Account Reporting
We assist with IRS-mandated foreign account disclosures (e.g., FBAR, FATCA) to ensure compliance and mitigate penalties. Our experts help clients navigate reporting thresholds and resolve past non-compliance issues through streamlined procedures.
Bookkeeping
Our bookkeeping services include daily transaction recording, general ledger maintenance, payroll processing, and financial statement preparation. We use computerized systems to ensure accuracy and provide timely insights for business decision-making.
Tax Planning
We develop proactive tax strategies to minimize liabilities and align with long-term financial goals. Services include year-round planning, entity structure analysis, and guidance on deductions, credits, and retirement plans.
Amended Returns
We prepare and file amended returns to correct errors or claim overlooked deductions. Our process ensures accurate revisions while addressing potential IRS inquiries or audit support as needed.
People
Kelly F. Yang
Enrolled Agent
IRS-recognized tax expert with over a decade of experience in complex returns. Former IRS VITA Territorial Manager and recipient of the IRS Outstanding Achievement Award. Specializes in international tax compliance and strategic planning.
Jennifer Feng
Financial Advisor
10-year veteran in financial services with expertise in insurance, estate planning, and global asset allocation. Holds leadership roles in MDRT and NAIFA. Focuses on personalized solutions for family and business financial security.
Nancy Cathy
Senior Accountant
With over 15 years in financial services, Nancy specializes in business tax compliance and client relations. Her expertise ensures accurate filings and tailored support for small to mid-sized enterprises.
Questions
What tax services does KY & Associates offer for individuals?
We prepare federal and multi-state tax returns, handle foreign account reporting, AMT credits, amended returns, and specialized filings for expatriates and visa holders.
Do you provide business tax compliance services?
Yes, we handle corporate tax returns (Forms 1120, 1120S, 1065), sales/use tax, payroll tax, and fiduciary reporting for businesses of all sizes.
How does your pricing work for tax preparation?
We use a transparent flat-fee structure based on complexity, with no hidden charges. Costs are confirmed before work begins.
Can you assist with bookkeeping for small businesses?
We offer monthly/quarterly bookkeeping, payroll processing, financial statement preparation, and accounting system setup for new businesses.
Are your services available remotely?
Yes, we serve clients across California and the Bay Area through secure digital communication and e-filing capabilities.
