Investment Services

Based in Abilene, Texas, Blue Phoenix Investments is dedicated to serving all of your business needs. Our team has provided the area with expertise and exceptional service for over 25 years.


Tax Preparation & Planning

Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation

Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.

Tax services offered include but are not limited to:

  • Tax Planning & Return Preparation (Federal & State)
  • Individuals
  • Corporations & S Corporations
  • Partnerships, LLCs & LLPs
  • Sole-Proprietorships & Single-Member LLCs
  • Estates, Trusts, & Gift
  • Not-For-Profit Organizations *Texas Margin Tax
  • Planning & Preparation
  • Sales Tax Preparation
  • Business Personal Property Tax Rendition
  • Taxing Authority Representation
  • Divorce and Support Issues
  • Tax effects of buying/selling a business, other business assets, and/or personal assets.

Bookkeeping services that we provide include:

  • Accounts Payable
  • Accounts Receivable
  • General Ledger
  • Income Statement
  • Balance Sheet
  • Bank Reconciliation
  • Data Entry to Quickbooks or Quicken
  • Setup and/or Conversions to Quickbooks

Estate & Gift Planning

Effective estate & gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

Types of entities include but are not limited to:

  • Sole-Proprietorship
  • Partnership - LP & LLP
  • Corporation
  • S Corporation
  • Limited Liability Company (LLC)
  • Trust
  • Not-For-Profit

Types of plans include but are not limited to:

  • Traditional IRA
  • Roth IRA
  • Simplified Employee Pension (SEP)
  • Simple IRA
  • Solo 401(K)
  • 401(K)
  • Profit-Sharing Plan
  • Defined Benefit/Contribution Plan

Our significant investment in tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.

We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year.


Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping. No matter what size your business is, it is both cost effective and efficient to have us keep track of your financial data. We are a QuickBooks ProAdvisor firm.

Payroll Processing

Paying your employees is an essential part of any working business. We can offer you all the tools necessary to make your payroll as easy as possible. Our comprehensive payroll service covers everything from paying your staff with paper checks or direct deposit to quarterly and annual payroll report preparation and filing. We use Creative Solutions payroll software giving us the ability to handle any size payroll.

If you manually prepare your own payroll, our After-the-Fact payroll service can use your raw payroll records to produce the quarterly and annual reports you are required to file. In addition, we process reports necessary for your domestic/household employees.

Types of payroll services include but are not limited to:

  • Quarterly Payroll Reports (Form 941)
  • Quarterly TWC Reports (C-3)
  • Annual Payroll Reports (Forms 943 & 944)
  • Federal Unemployment Report (Form 940)
  • Forms W-2 & W-3
  • Payroll Tax Deposits (EFTPS)
  • Payroll Checks (Paper or Direct Deposit)
  • Forms 1099 & 1096

Business Formation

Choosing the form of entity of your business is an important decision that can have longstanding tax implications. We will help you determine the most advantageous form of business for your company by evaluating the pros and cons of each entity type. Once you have chosen, we can get you on the road to success by recommending excellent attorneys, applying for employment identification numbers, and offering payroll & bookkeeping options.

Retirement Plan Selection

Choosing and administering benefit plans for you and your employees is a complex process. We will help you develop, implement, and administer your benefit, retirement, and profit-sharing plans with an eye toward maximizing the tax advantages. We can consult with you on choosing the proper retirement plan for you.