Licensed Enrolled Agent at Your Service
Capital Innovations LLC in League City, Texas provides cost-efficient bookkeeping and tax services to the southeast Houston area and Galveston County, TX. We are committed to helping every client find innovative business solutions to streamline their business’ workflow.
Meet Our Company President
Lori Toole is a licensed Enrolled Agent recognized to practice before the IRS in all 50 states. She has more than 20 years of experience in bookkeeping, ranging from AP/AR to Purchasing to Subcontract Management. She has a passion for working with, and she recognizes the challenges that come along with running a small business
Certified QuickBooks ProAdvisor
She is also a Certified QuickBooks Advanced ProAdvisor. She has a wealth of knowledge about QuickBooks integration and operation, and provides support and training for both desktop and online versions.
Bookkeeping clients can take advantage of our low hourly rate. Online remote clients have the added option of a monthly service contract price specifically based upon the number of transaction addressed each month. We truly strive to tailor our services to your needs!
Frequently Asked Questions
What Does an Enrolled Agent (EA) Do?
EAs are licensed by the federal government. It means that they are authorized by the U.S. Department of Treasury to appear in place of the taxpayer at the Internal Revenue Service (IRS). Only EAs, attorneys, and Certified Public Accountants (CPAs) may represent taxpayers before all administrative levels of the IRS for adults, collections, and appeals.
The EA profession dates back to 1884. After questionable claims had been presented for Civil War losses, the Congress acted to regulate persons who represented citizens to the Treasury Department.
How Can an Enrolled Agent Help Me?
EAs advise, represent, and prepare tax returns for individuals and various entities with tax-reporting requirements. They prepare millions of tax returns each year. As experts who contribute in the changing field of taxation, it is their responsibility to effectively represent taxpayers who are audited by the IRS. They also deal with the IRS Collection Division on behalf of taxpayers.
What Are the Differences Between EAs and Other Tax Professionals?
Only EAs are required to demonstrate their competence in matters of taxation before they are allowed to represent a taxpayer before the IRS. Unlike attorneys and CPAs who may or may not choose to focus on taxes, all EAs specialize in taxation.
CPAs and attorneys are state-licensed, but EAs are the only taxpayer representatives who received their rights from the U.S. government. The EAs’ federal license allows them to represent taxpayers in any state in the U.S. and its territories.
Are EAs Required to Take Continuing Professional Education?
In addition to the strict testing and application process, EAs are required to complete 72 hours of continuing professional education. The process is done every three years to maintain their status. Because it is difficult to become an EA and to keep up with the required credentials, there are no more than 30,000 active EAs in the U.S.