Freese, Peralez & Associates, LLC

Freese, Peralez & Associates, LLC Certified Public Accounting firm based out of The Woodlands, Texas and serving Greater Houston

Our mission is to provide clients with the best possible perspective to understand the challenges they face and the opportunities available to them. With a particular focus on taxation, FPA provides sophisticated tax planning and strategies to clients of all types and sizes.

Arizona recently adopted the latest federal tax law changes, which is great news for many businesses operating there.But...
06/26/2026

Arizona recently adopted the latest federal tax law changes, which is great news for many businesses operating there.

But if your company operates in multiple states, here's the question that matters:

Are your other states following the same rules?

Many business owners assume that when Congress creates a tax benefit, every state automatically follows. That's not always the case.

Some states immediately adopt federal tax changes. Others follow an older version of the tax code. A few have chosen not to follow certain federal provisions at all.
The result can be surprising.

A deduction that creates meaningful federal tax savings may provide little or no benefit in another state where your business operates.

For construction companies working across state lines and manufacturers with facilities in multiple states, these differences can affect cash flow, tax projections, and planning decisions.
The businesses that navigate this best are evaluating state tax impacts before year-end, not after.

If your company operates in multiple states, now may be a good time to take a closer look at how these changes affect your overall tax strategy.

Visit our website and complete our contact form to schedule a brief discovery call.

Does your business sell products or services to customers outside the United States?If so, there may be a tax deduction ...
06/25/2026

Does your business sell products or services to customers outside the United States?

If so, there may be a tax deduction available that you've never explored.

Under the new tax law, FDII was renamed FDDEI and made permanent. For qualifying export income, the deduction can reduce the effective federal tax rate to approximately 14%.

Even more important for manufacturers, a provision that previously reduced the benefit for companies with significant investments in equipment, machinery, and facilities has been eliminated.

That means many manufacturers may qualify for a larger benefit than they could under the prior rules.

The surprising part?

We've found that many businesses with international sales have never evaluated whether they qualify.

If your company exports products, serves customers overseas, or is pursuing international growth opportunities, now may be a good time to take a closer look.

Visit our website and complete our contact form to schedule a brief discovery call.

If your U.S. subsidiary consistently reports losses or unusually low profit margins, the IRS may want to know why.The IR...
06/24/2026

If your U.S. subsidiary consistently reports losses or unusually low profit margins, the IRS may want to know why.

The IRS has expanded its focus on transfer pricing and has already sent compliance letters to more than 180 foreign-owned U.S. businesses.

These letters generally ask companies to explain how their intercompany pricing complies with U.S. tax rules or consider amending prior returns.

The concern is straightforward.
When a foreign parent company charges its U.S. subsidiary for products, services, royalties, or management fees, the IRS expects those transactions to be priced as if they occurred between unrelated parties.

Today, the IRS is using advanced data analytics and technology to identify companies that may warrant a closer look.

For international businesses operating in the United States, transfer pricing documentation is no longer something to think about after an audit notice arrives.

The strongest position is having the appropriate documentation in place before the return is filed.

If your organization has a foreign parent company and U.S. operations, now may be a good time to review whether your structure and documentation support the story your tax returns are telling.

Visit our website and complete our contact form to schedule a brief discovery call.

If your company manufactures solar components, wind energy equipment, batteries, or qualifying critical minerals, this i...
06/23/2026

If your company manufactures solar components, wind energy equipment, batteries, or qualifying critical minerals, this is a tax incentive worth paying attention to.

Section 45X provides a federal production credit based on the number of eligible units produced and sold in the United States.
The credit remains at full value through 2029.

After that, the phase-out begins:
• 75% of the credit in 2030
• 50% in 2031
• 25% in 2032

For many manufacturers, that creates a relatively short window to maximize the benefit.

Unlike some tax incentives tied to facility construction or capital investments, Section 45X is based on production volume.

That means production capacity, customer demand, and long-term supply agreements can all influence the amount of credit ultimately captured.

The manufacturers that benefit most are often the ones that evaluate these opportunities early and incorporate them into their forecasting and growth plans.

If your company operates in the renewable energy supply chain, now may be a good time to review how these credits fit into your long-term strategy.

Visit our website and complete our contact form to schedule a brief discovery call.

Real estate investors and developers:Do you know how the IRS would classify your properties?That question can have a sig...
06/22/2026

Real estate investors and developers:
Do you know how the IRS would classify your properties?

That question can have a significant impact on the taxes you pay when a property is sold.

Generally speaking, investors may qualify for long-term capital gains treatment and Section 1031 exchanges. Dealers do not.
Instead, dealer property is typically subject to ordinary income tax rates, and 1031 exchange treatment is generally unavailable.

The challenge is that many real estate businesses operate in both worlds.

You may develop and sell certain properties while holding others for long-term appreciation and cash flow.
That's where entity structure becomes incredibly important.

The IRS considers factors such as intent, holding period, improvements, marketing activity, and frequency of sales when evaluating whether property is held for investment or sale.

With 100% bonus depreciation now permanent and 1031 exchanges still available, the difference between investor and dealer treatment can have a major impact on long-term tax results.

If your portfolio includes development activity, property sales, and long-term holdings, now may be a good time to review whether your structure supports your investment goals.

Visit our website and complete our contact form to schedule a brief discovery call.

Many business owners focus on their federal tax strategy and assume the same rules apply everywhere they operate.Unfortu...
06/21/2026

Many business owners focus on their federal tax strategy and assume the same rules apply everywhere they operate.
Unfortunately, that's not always the case.

Since the passage of the One Big Beautiful Bill Act, state tax conformity has become one of the most overlooked planning issues for multi-state businesses.

Some states automatically adopt federal tax law changes. Others follow an older version of the tax code. A few have chosen not to conform to certain federal provisions at all.

What does that mean?

A deduction or tax benefit that works perfectly on your federal return may produce a completely different result at the state level.

For Texas-based businesses with projects, facilities, employees, or investment properties in states such as California, Virginia, or North Carolina, the tax picture can become much more complex than many business owners expect.

This is especially important for construction companies, manufacturers, and real estate investors operating across state lines.

The businesses that avoid surprises are reviewing state tax implications before estimated payments and year-end planning decisions are made.

If your company operates in multiple states, now may be a good time to review whether your tax strategy aligns with the states where you do business.

Visit our website and complete our contact form to schedule a brief discovery call.

For international companies entering the U.S. market, the tax structure is not something to figure out later.It is one o...
06/20/2026

For international companies entering the U.S. market, the tax structure is not something to figure out later.

It is one of the most important decisions you'll make before operations begin.

Many businesses focus on customers, facilities, hiring, and growth projections. What often gets overlooked is how U.S. taxes, transfer pricing rules, and home-country tax obligations interact with one another.

The reality is that these rules don't operate independently.
A decision that lowers taxes in one area can create unexpected consequences somewhere else.

The right structure can help improve cash flow, reduce tax exposure, and support long-term growth.

The wrong structure can lead to unnecessary taxes, compliance issues, and costly restructuring efforts down the road.

That's why the most successful international companies typically model their tax strategy before entities are formed, contracts are signed, and operations begin.

At FPA, we work with international businesses expanding into the United States and help them navigate the tax considerations that come with growth.

If your company is considering U.S. expansion, now is a good time to start the conversation.

Visit our website and complete our contact form to schedule a brief discovery call.

The IRS released its FY2025 Data Book, and there are a few takeaways business owners should not ignore.Pass-through audi...
06/19/2026

The IRS released its FY2025 Data Book, and there are a few takeaways business owners should not ignore.

Pass-through audits are increasing. AI-driven matching technology is now actively comparing information from multiple sources. Employee Retention Credit claims remain under scrutiny.

If your business operates through an S corporation, partnership, LLC, or multiple entities, now is the time to tighten up documentation before the next filing season.

A few areas worth reviewing:

• K-1 allocations should reconcile cleanly across entities
• ERC claims should be supported by complete documentation
• R&D credit records should be ready before the expanded Form 6765 reporting requirements take effect

The IRS is becoming more efficient at identifying inconsistencies.

The businesses that tend to avoid problems are the ones that keep clean records long before a notice ever arrives.

That's not exciting advice, but it works.

Visit our website for more tax planning insights and IRS updates affecting business owners.

International companies entering the U.S. face a much different tax environment than they did just a few years ago.Befor...
06/18/2026

International companies entering the U.S. face a much different tax environment than they did just a few years ago.

Before forming entities, signing leases, or hiring employees, there are three major tax layers that deserve attention.

First, there is NCTI, the replacement for GILTI under the One Big Beautiful Bill Act. The rules changed significantly, and many multinational groups are discovering that prior assumptions no longer apply.

Second, there is Pillar Two. Depending on where your parent company is located, your home country may still impose additional tax if effective tax rates fall below the OECD's 15% minimum threshold.

Third, there are state taxes. Texas remains attractive because there is no corporate income tax, but expansion into other states can create very different tax outcomes depending on nexus, apportionment, and reporting requirements.

The structure chosen at the beginning often stays in place for years.

Making the right decision before formation is usually far less expensive than restructuring later.

If your company is considering expansion into the United States, now is the time to evaluate the tax implications before paperwork is filed.

Visit our website to learn more about international tax planning and U.S. market entry strategies.

A business owner recently asked us:"With the exemption at $15 million, do I still need estate planning?"The short answer...
06/17/2026

A business owner recently asked us:

"With the exemption at $15 million, do I still need estate planning?"

The short answer is yes.

What changed is the focus.

For many business owners, federal estate tax exposure is no longer the primary concern. Today, the conversation is often centered around preserving wealth, maximizing basis step-up opportunities, and making sure assets transfer efficiently to the next generation.

A few things still matter:

• Step-up in basis planning
• State estate tax exposure
• Entity structures built around older exemption limits
• Succession planning for family-owned businesses

Texas remains one of the most favorable states for estate planning, but many business owners own property or operate entities in states where estate taxes still create significant costs.

The exemption increased.

The need for planning didn't disappear.

If you haven't reviewed your succession plan recently, now may be a great time to revisit it.

Address

1095 Evergreen Circle, Suite #200
The Woodlands, TX
77380

Opening Hours

Monday 9:30am - 6pm
Tuesday 9:30am - 6pm
Wednesday 9:30am - 6pm
Thursday 9:30am - 6pm
Friday 9:30am - 6pm

Telephone

(832) 862-7300

Website

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