Privately Owned Companies

Expertise and Excellence to help your business grow.

Helping Privately Owned Businesses manage their business

M&K CPAS, established in 2007, is a growing full-service CPA firm located in The Woodlands, Texas. Our team is committed to assisting private businesses in managing financial processes and addressing operational challenges that frequently arise during growth. With our private audit team, every company benefits from the knowledge of experienced professionals along with personalized service.

PUBLIC COMPANIES
PUBLIC COMPANIES
Tax Services
Tax Services
Contact Us
Contact Us

Our Services

Compilations

An accounting compilation is the process where an accountant organizes a client's financial data into formal financial statements without providing any assurance on the accuracy of the information. This service is typically for businesses that need financial statements for internal use or external requirements like a loan.

Quarterly Reviews

We follow the AICPA guidelines for quarterly reviews. A quarterly review for a private business accounting involves analyzing financial performance every three months to assess income, expenses, and tax obligations, ensuring the business is on track to meet its goals.

Annual Reviews

We follow AICPA guidelines for annual reviews. An annual review for a private business accounting involves reconciling all accounts, analyzing financial statements (income, balance sheet, and cash flow), and assessing project profitability.

And More

As a full-service CPA firm, we can help you with all your accounting needs of your business.

Annual Audits

We follow AICPA guidelines for issuing annual audits.

Tax Preparation

We can help your business with its tax preparation and filing.

What is the right service for your business needs?

  • Typically this service is combined with a Compilation. Financial Statement Prep organizes client data into formal financial reports—such as balance sheets, income statements, and cash flow statements—adhering to frameworks like GAAP.

  • You may need a complication for bank lending compliance, tax preparation, internal records and organization as well as to prepare for bank loans and investors. Complications provide essential financial clarity for management decisions, helps ensure compliance with bank covenants, and prepares firms for future growth without requiring a high level of assurance provided by an audit.

  • Your organization might require quarterly evaluations to assist with internal financial assessments, enabling the monitoring of progress and preparation for business decisions. Quarterly reviews also provide limited assurance to banks and investors. Reviews allow businesses to track in/out cash flow, detect bottlenecks, and avoid liquidity issues. These reviews provide a snapshot of the company's financial health, enabling managers to adjust strategies in real time rather than waiting for year-end.

  • A private company may need a yearly audit to satisfy lender requirements, attract investors, or ensure financial accuracy during mergers or sales. Audits enhance credibility, improve internal controls, reduce fraud risk, and provide assurance to stakeholders that financial statements comply with GAAP. This process is more in-depth, but does provide professional assurance services.

  • At M&K CPAS, the fees are unique to your business. We stablish a flat-fee structure based off your Trail Balance and Financial Statements.

  • A Compilation can usually be completed within 3 to 5 business days. If Financial Statement Preparation is needed, we may need up to 5 to 7 business day.

    Quarterly Reviews and Yearly Audits will be completed by the agreed upon deadline. Please talk to a Partner about your specific requirements.

Business Expertise

We support a wide range of private enterprises and small businesses with their accounting and assurance needs.

Our Expertise Includes: