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Tax Accounting Advisory Services

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We are accepting new individual clients not accepting new full service business clients at this time

Creating Elegant Sustainable Solutions for Clients

Karen Collom, CPA is an accounting firm headquartered in Texas, offering comprehensive Tax Accounting Advisory Services, including accounting, bookkeeping, and tax assistance tailored for individuals and small- to medium-sized enterprises.

Established in 2004, the firm specializes in assisting businesses without an in-house bookkeeper, controller, or CFO, providing outsourcing solutions for these critical functions. In addition to serving domestic clients, the firm extends its services globally, catering to foreign nationals residing in the US and US Citizens living abroad.


We take a wholistic approach about our clients goals and map out activities and strategies that allow our clients to meet and exceed their goals. Our Team is committed to crafting sophisticated and sustainable solutions for both companies and individuals. Our belief is grounded in fostering a relationship that evolves alongside our clients' needs, spanning every phase of their life and business journey.

Firm Announcements

Karen Collom, CPA, Joins Barklee Financial Group

We are thrilled to announce a new chapter for our firm. After many years of serving clients with dedication and expertise, Karen Collom, CPA is joining forces with Barklee Financial Group, led by Jeremy Knight, CPA, DVM.

Effective October 1, 2024, Karen Collom, CPA officially became part of the Barklee Financial Group family. This partnership ensures a continued commitment to providing exceptional financial services to clients of both firms.


The core team at Karen Collom, CPA - Karen, Mary, Leah, and Donna, are dedicated to ensuring that you experience an effortless transition and will continue to serve you from the office in Allen, TX. We are thrilled to have them join the Barklee Financial Group team!


About the Barklee Group


The Barklee Financial Group specializes in accounting services for small businesses, startups, freelancers, and solopreneurs, with the mission to deliver reliable financial management solutions that help businesses thrive in a digital age. Jeremy Knight, CPA, DVM, brings a unique background to the table. A graduate of Oklahoma State University and Texas Tech University, he combines his financial expertise with years of business management experience in various sectors. Jeremy is passionate about financial education, and his leadership at Barklee is grounded in empowering clients to achieve financial awareness and success.

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Latest IRS Updates


October 11, 2023
The Internal Revenue Service has launched a new feature that will give taxpayers digital control over who can represent them or view their tax records. The new feature is one of many recent enhancements to the Online Account for individuals. It will allow individual taxpayers to authorize their tax practitioner to represent them before the IRS with a Power of Attorney (POA) and to view their tax accounts with a Tax Information Authorizations (TIA).
October 11, 2023
When the IRS needs to ask a question about a taxpayer’s tax return, notify them about a change to their account, or request a payment, the agency often mails a letter or notice to the taxpayer. If you get ANY type of letter from the IRS in the mail, we ask you to upload a photocopy of the notice to your client portal – even if you are able to address the issue on your own
October 11, 2023
The IRS Makes it easy to make Tax Payments online with their payment tool. This Blog walks you through the payment process.
August 1, 2022
Voice BOT options may mean faster service and less wait time

Our Tax Advisory Services

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Individuals

  • Tax Preparation
  • Tax Minimization Strategies
  • Tax Advisory & Compliance
  • Estate Settlement Services
  • International Tax Services
View Individual Tax Services
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Businesses

Bundled Tax & Accounting Packages

  • Administrative/ Essential
  • Professional 
  • Executive / Premium
  • Tax Preparation
  • Tax Minimization Strategies
  • New Business Set-up Consulting
  • Quickbooks Training and Support - for clients only


At this time, we are not accepting new full service business clients

View Business Advisory Services

Named Best in Allen, TX 2022

We are happy to announce that Karen Collom CPA , has been selected as the Winner for the 2022 Best of Allen Awards in the category of Certified Public Accountant.


Each year, in and around the Allen area, the Allen Award Program chooses only the best local businesses. The award is given to companies that have demonstrated their ability to use various marketing methods to grow their business in spite of difficult economic times.



The companies chosen exemplify the best of small business; often leading through customer service and community involvement.

A karen collom cpa certified public accountant best of 2022 award

Meet Our Team

The team at Karen Collom, CPA, works together to create sustainable solutions for our clients that allow for client growth and change. Building relationships is tantamount to what we do. Our clients entrust us with their financial security, and we never consider them just a number.

View Full Bios

It's Accrual World Blog

What you need to know - all of the latest News and Updates from the IRS.

2023 Meals & Entertainment Expense Deduction
November 8, 2023
The IRS Updates the 2023 Meals & Expense Deduction
October 11, 2023
The Internal Revenue Service has launched a new feature that will give taxpayers digital control over who can represent them or view their tax records. The new feature is one of many recent enhancements to the Online Account for individuals. It will allow individual taxpayers to authorize their tax practitioner to represent them before the IRS with a Power of Attorney (POA) and to view their tax accounts with a Tax Information Authorizations (TIA).
October 11, 2023
When the IRS needs to ask a question about a taxpayer’s tax return, notify them about a change to their account, or request a payment, the agency often mails a letter or notice to the taxpayer. If you get ANY type of letter from the IRS in the mail, we ask you to upload a photocopy of the notice to your client portal – even if you are able to address the issue on your own
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Trust is the foundation of a great business partnership

We offer a comprehensive range of Tax Advisory services, delivering income tax, accounting, and bookkeeping solutions to individuals, small businesses, and corporate clients. Our services are customized to meet the distinct needs of each client. Operating as an integral part of your team, we strive to comprehend your requirements and priorities.

✓ Trust ✓ Expertise
✓ Accuracy ✓ Experience
✓ Confidentiality ✓ Professional
Services for Businesses Services for Individuals

Our Clients 

Some of our clients, who count on us for all of their accounting needs.

View Client testimonials
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