The professionals at Financial Accounting Services (FAS) are highly regarded in their industry while adeptly removing the complexities from tax planning.

In the field for 20 years, FAS understands that every individual and/or business has its own unique set of tax circumstances and are able to address those particular needs.

"We really look at the whole view of the client and not just one aspect," said Fred Karma, EA, MBA, founder and partner of FAS. "It’s not just about taxes, but it’s about finances and practicality. We want to make things simple for our clients."

For years, FAS has made the lives of individuals, corporations, trusts and estates and partnerships/LLCs easier.

It has done this through its comprehensive services in the areas of tax planning, tax preparation, 401(k) plans, pension and executive benefits, all state tax returns, monthly bookkeeping, QuickBooks training and more.

FAS partner Nicole Albrecht, EA thoroughly enjoys helping small to midsized businesses who have somewhat neglected their bookkeeping efforts.

"In a year, these businesses have progressed toward organization; they understand profit and loss and analyzing cash flow," she said. "I’ve held their hand and really watched them grow into successful business owners – and it’s very important to keep track of this success."

FAS recently added financial investment to its repertoire of tax services. According to Albrecht, FAS can offer investment advice and any tax implications in one meeting. This is Albrecht’s area of expertise.

"Who better to offer these services than your tax advisors?" she asked. "Every investment has a tax implication and it is important to understand that."

Conversely, Karma’s skill in accounting and tax preparation is underscored with a specialty real estate.

As many are aware, real Advertisement
estate tax laws are continually evolving and Karma’s job is to keep up to speed on every aspect. He is well versed in 1031 exchanges, real estate partnerships and taxes on short sales and foreclosures.

Individuals who own real estate, investors, land developers and mortgage brokers are finding Karma’s knowledge priceless these days.

FAS prides themselves on their accuracy and efficiency. Likewise, clients meet with the FAS team on a quarterly basis and are always available between those appointment times.

Their informative newsletters keep clientele in the loop with upcoming tax changes.

"We are also paperless, which sets us apart from the old-school tax person you think of," stated Albrecht, referring to their high-tech office applications. "Everything is at our fingertips so we can get access to information very quickly."

Another achievement FAS has reached, Karma says, is that their entire staff is QuickBooks certified. This designation allows them to train any individual and/or business.

Individuals are welcomed to come to FAS for personalized training or FAS can travel to the client. Training is tailored to one’s specific industry.

The FAS support staff is friendly and helpful. "We have a great team," Albrecht said. "Every client loves our entire staff."

In her spare time, Albrecht remains active with the Valley Young Professionals and volunteering with Oak Grove. Similarly, Karma supports PTSA groups in the Valley and the nonprofit Temecula Inline Hockey Association.

Both Karma and Albrecht find their professional work rewarding. "Every client is important to us and it’s a privilege to serve them," they say.

For a complimentary consultation, call (951) 719-1515 or visit www.taxmanfred.com. The FAS office is at 41769 Enterprise Circle North, Ste. 209, in Temecula.