Creating Elegant Sustainable Solutions for Companies and Individuals

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Latest Tax Updates


Latest Updates

It's Accrual World Blog

To view all articles in our "It's Accrual World" blog, click here. 

To view  CARES ACT Tax and Accounting Updates and COVID-19 updates , click here or the link on the top navigation menu of our website. 

PPP Forgiveness Get a Make-Over

Paycheck Protection Flexibility Act triples time for loan recipients and lowers threshold for forgiveness. 

The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation Wednesday night, tripling the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans.

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Who We Are

Karen Collom, CPA is a Texas-based accounting firm that provides a full range of accounting, bookkeeping and tax services to individual and small- to medium-sized businesses.   Since 2004, the firm has provided services to businesses that lack a bookkeeper, controller, or CFO — or simply choose to outsource those functions. Global clients include foreign nationals in the US and US Citizens living abroad.  They also provide services for seniors including managing monthly finances and bill pay, as well as estate settlement services, in the event of a death of a business partner, spouse or parent. ​

Our Services


Tax Preparation

Tax Minimization Strategies

Tax Compliance

Senior Assistance & Estate Settlement Services

International Tax Services

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 Bundled Tax & Accounting Packages 

Administrative/ Essential 


Executive / Premium


Tax Preparation

Tax Minimization Strategies

New Business Set-up Consulting

Quickbooks Training and Support* 
For Clients Only

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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.

Karen Collom - CPA

Mary Salazar  - CPA

Teresa Michelsen
Office Manager
Certified Quickbooks Bookkeeper

30-Minute Consultation

Contact us to see how our accounting expertise and personalized services can save you time, money and frustration on all accounting matters.

To ensure that there is a good fit between us, we offer a 30 minute complimentary in-person session to discuss your needs and our solutions. 

Please complete the form and submit it and we will reach out to schedule your 30 minute session.

1333 W McDermott Dr
Suite 150, Allen, TX 75013


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* Quickbooks is a registered trademark and/or service mark of Intuit Inc.

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