Business Details
30 Years
experience
Your Trusted Accounting & Tax Services Partner in McKinney
Carrell and Co and Co is a premier public accounting firm with over 25 years of dedicated service to individuals and businesses. Established in 1996, our team combines decades of collective experience with a commitment to personalized attention and technical excellence. We specialize in tax preparation, strategic tax planning, and comprehensive accounting services tailored to meet diverse client needs. Our professionals maintain active CPA certifications across multiple states and adhere to rigorous industry standards through our participation in the AICPA Peer Review Program. With a track record of serving clients from small businesses to multinational corporations, we prioritize clear communication and practical financial guidance. Our leadership includes executives with transformative experience in high-growth companies, having successfully navigated complex financial challenges in Fortune 500 and retail sectors.We distinguish ourselves through a family-oriented approach that values long-term client relationships and proactive financial stewardship. Our firm's expertise extends to specialized areas including international expansion strategies, payroll management systems, and CFO advisory services. As active members of the McKinney Chamber of Commerce and Mainstreet organization, we maintain deep local ties while offering global perspective. Our commitment to continuous professional development ensures we deliver up-to-date solutions through 350+ hours of recent continuing education across our team.
Services
Tax Preparation
Tax Planning
Bookkeeping
Payroll Services
CFO Advisory
Details
- Year established: 1996
Highlights and features
- We offer 30+ years of executive financial leadership experience from Fortune 500 retail expansion
- Our team maintains active CPA certifications across multiple states
- We provide specialized international tax planning developed through $5B revenue growth
- Our firm participates in AICPA's rigorous quality review program
- We combine local community ties with global business perspective
Associations and certifications
- AICPA Peer Review Program
Services
Tax Preparation
We handle comprehensive tax preparation for individuals and businesses, including federal returns, estate trusts, and corporate filings. Our team ensures accurate reporting while maximizing deductions for clients. With expertise in both personal and business taxation, we serve clients from initial consultation through filing completion.
Tax Planning
Our strategic tax planning identifies liability reduction opportunities and develops forecasting models. Services include employer stock option planning and international tax considerations. We create customized plans that align with clients' financial goals while maintaining compliance with evolving regulations.
Bookkeeping
We provide month-end accounting and financial record management services. Our experienced professionals handle routine bookkeeping while maintaining accurate financial statements. This service supports businesses in tracking financial performance and preparing for tax obligations.
Payroll Services
We manage payroll processing that ensures accurate employee payments and tax withholdings. Our system handles recurring pay cycles while maintaining compliance with federal and state regulations. This service integrates with broader accounting functions for seamless financial management.
CFO Advisory
Our executive financial consulting offers strategic guidance for business growth. Drawing from experience scaling Fortune 500 companies, we provide insights on financial discipline, operational efficiency, and growth financing strategies tailored to each business's unique needs.
People
Elizabeth Jain
President/CEO
Over 30 years of financial leadership experience, including roles as Forever 21 CFO driving international expansion to 50 countries. Certified Public Accountant in AR, TN, and TX with 350+ CPE hours recently completed.
Amy Smith
Tax Team
Certified Public Accountant with 20+ years of tax expertise, bringing extensive experience in tax planning and compliance for individuals and businesses since joining in 2022.
Bhupinder Kaur
Tax Team
CPA with 11+ years of accounting and tax experience, providing specialized knowledge in individual and corporate tax preparation since joining the team in 2022.
Nate Olsson
Tax Team
Enrolled Agent with 13 years of tax service experience, offering expertise in complex tax situations and compliance solutions for business and individual clients.
Tony Morris
Tax Services Team Leader
Certified Public Accountant with 16+ years leading tax services, ensuring quality delivery of tax preparation and planning solutions while mentoring the professional development of junior staff.
Questions
What types of tax services do you offer?
We prepare federal individual returns, estate/trust returns, and corporate filings for S-Corps, partnerships, LLCs, and corporations while providing strategic tax planning.
Do you serve both individuals and businesses?
Yes, we offer comprehensive services for individuals seeking tax preparation and businesses needing payroll, bookkeeping, and CFO advisory services.
What makes your firm different from other accounting firms?
Our team combines Fortune 500 experience with personalized service, including international expansion expertise developed through scaling a $5B retail business.
Are your accountants properly certified?
All tax professionals maintain active certifications including Certified Public Accountants and Enrolled Agents with continuing education exceeding regulatory requirements.
Reviews (2)
Sheila McClung
Feb 12, 2021
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We have been using Peter Carrell & Co for 15+ years. He has high expertise in complicated tax issues. You can count on him and his team to process the paperwork professionally. After an initial first pass, he typically sends me just a few followup questions to ensure I didn't forget something that I had reported last year, etc. Great Team of employees also. The pricing is very fair and a good value. Highly recommend using them!
Dona Wallace
Sep 15, 2019
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Outstanding service. Very, very pleased with the people, work ethic, and everything they have done to help us grow our business. You have a partner with Pete and his entire team.
