Business Details
14 Years
experience
Your Trusted Tax & Accounting Partner in Palo Alto
At KY & Associates, CPA, EA, we are dedicated to empowering individuals and small to mid-sized businesses to achieve optimal financial outcomes. Our comprehensive services include year-round tax preparation, bookkeeping, and strategic financial planning tailored to meet the unique needs of each client. With a commitment to accuracy, reliability, and affordability, we prioritize setting the highest standards in service delivery, staff training, and cost efficiency. Our team combines deep industry expertise with a proactive approach, addressing both short-term and long-term financial goals. As an IRS Enrolled Agent and member of the National Association of Enrolled Agents, we ensure compliance and excellence in all our services.We collaborate with top insurance and retirement plan providers in the San Francisco Bay Area while maintaining independence. Our professionals bring extensive experience and individualized attention to every client relationship. Located in Cupertino, CA, we serve clients across the region with a fair and transparent fee structure. Our mission drives us to continuously enhance our service offerings, partner networks, and client support systems. By focusing on clarity and trust, we aim to be the preferred partner for financial success.
Services
Tax Return Preparation
Bookkeeping Services
Financial Planning
Foreign Account Reporting
Business Tax Filing
Details
- Year established: 2012
Highlights and features
- We offer 20+ years of combined experience in tax and accounting services.
- Our team includes IRS-recognized Enrolled Agents with specialized expertise.
- We provide transparent flat-fee pricing with no hidden charges.
- Our proactive approach addresses both short-term compliance and long-term planning.
- We maintain partnerships with top financial service providers in the Bay Area.
Associations and certifications
- IRS Enrolled Agent
- National Association of Enrolled Agents
- IRS authorized e-file provider
Services
Tax Return Preparation
We prepare comprehensive federal and state tax returns for individuals and businesses, including complex cases involving AMT, ISO/ESPP transactions, and foreign assets. Our services cover multi-state filings, amended returns, and specialized returns for expatriates and non-residents. With IRS-recognized expertise, we ensure accurate compliance while optimizing tax outcomes through strategic planning.
Bookkeeping Services
Our bookkeeping solutions maintain accurate financial records for businesses through general ledger management, payroll processing, and financial statement preparation. We offer monthly, quarterly, and annual services tailored to business needs, including system setup for new ventures. This foundational service ensures operational efficiency and supports informed financial decision-making.
Foreign Account Reporting
We assist clients with mandatory reporting of foreign financial accounts exceeding IRS thresholds. For non-compliant cases, we implement penalty mitigation strategies through voluntary disclosure programs. Our expertise covers FATCA requirements and international tax treaties to ensure compliance while minimizing exposure to penalties.
Financial Planning
We develop customized financial plans integrating tax optimization, retirement strategies, and estate planning. Our approach combines tax-efficient investment allocation with business succession planning, leveraging partnerships with top-rated financial institutions to deliver comprehensive wealth management solutions.
Business Tax Filing
We handle business tax filings for corporations, partnerships, and LLCs using forms 1120, 1120S, and 1065. Services include sales/use tax returns, employment tax filings (940/941), and unsecured property tax reports. Our solutions ensure compliance while identifying tax-saving opportunities specific to business operations.
People
Kelly F. Yang
Enrolled Agent
IRS-recognized Enrolled Agent with expertise in complex tax returns. Holds BS in International Business and Master of Business Taxation from University of Minnesota. Former IRS VITA Territorial Manager with Outstanding Achievement Award recipient.
Jennifer Feng
Financial Services Advisor
10-year veteran in financial services with specialization in insurance, estate planning, and global asset allocation. Peking University and University of Hawaii alumna. Million Dollar Round Table member since 2005.
Nancy Cathy
Senior Financial Services Professional
With over a decade of financial services experience, she manages client relationships and firm administration. Known for her client-focused approach and deep industry knowledge since joining in 2004.
Questions
What tax services do you specialize in?
We specialize in individual and business tax returns, foreign account reporting, AMT/ISO/ESPP transactions, and multi-state filings for corporations, partnerships, and sole proprietors.
Do you offer bookkeeping services for small businesses?
Yes, we provide monthly/quarterly/annual bookkeeping, payroll processing, financial statement preparation, and accounting system setup for new businesses.
How are your service fees structured?
We use transparent flat-fee pricing based on service complexity, with all costs confirmed before work begins and no hidden charges.
Can you help with tax penalty mitigation?
Yes, we assist clients with IRS penalty mitigation for unreported foreign accounts and other compliance issues through voluntary disclosure programs.
What qualifications do your tax professionals hold?
Our team includes IRS Enrolled Agents, NAEA members, and specialists with advanced degrees in taxation and business.
