FAQ

1. About Boyd Tax Advisors

Q: What is Boyd Tax Advisors / Gray Rock Consulting, LLC?
Boyd Tax Advisors, operating under the legal entity Gray Rock Consulting, LLC, is a boutique
tax and accounting advisory firm headquartered in Tampa, Florida. The firm provides
specialized tax preparation, compliance, accounting, and strategic advisory services to
individuals and businesses with complex financial profiles. Unlike volume-based tax practices,
Boyd Tax Advisors is built around long-term client relationships, technical precision, and
proactive planning.

Q: Who founded the firm and what are their credentials?
Boyd Tax Advisors was founded by Cody Boyd, MSA, EA. Cody holds a Bachelor of Business
Administration in Accounting from Texas Tech University and a Master of Science in Accounting
with a specialization in Taxation from Liberty University. He began his career in public
accounting and financial advisory roles in 2015 and is an Enrolled Agent (EA) licensed by the
Internal Revenue Service, License Number 00167304 EA. As an Enrolled Agent — the highest
credential awarded by the IRS — he is authorized to represent taxpayers before the IRS in all
matters, including audits, collections, and appeals.

Q: What types of clients does Boyd Tax Advisors serve?
The firm specializes in clients whose financial situations require advanced planning and ongoing
advisory support. This typically includes:

• High-income individuals with complex tax exposure
• Business owners operating multiple entities or pass-through structures
• Online entrepreneurs and digital-first businesses
• Investors and individuals with multiple income streams
• Private family groups and clients needing family office-style coordination
• Clients requiring IRS representation or audit resolution support

Q: Is Boyd Tax Advisors a volume-based tax preparation service?
No. Boyd Tax Advisors is deliberately not a volume-based practice. The firm is intentionally
selective in accepting new clients to ensure that each engagement receives the level of
attention, depth, and strategic insight it requires. This focused model allows for genuinely
advisory relationships rather than transactional, one-size-fits-all tax filings.

Q: Where is Boyd Tax Advisors located?
The firm is located at 3410 Henderson Blvd, Suite 200, Tampa, FL 33609. While the physical
office is in Tampa, the firm serves clients nationally through its structured, modern workflow and
digital client management systems.

Q: How can I contact Boyd Tax Advisors?
You can reach the firm through any of the following channels:

Facebook: Boyd Tax Advisors / Gray Rock Consulting, LLC

Phone / Text: (854) 219-7741

Email: contact@boyd.tax

Website: boyd.tax

Schedule a Free Consultation: calendly.com/cody-gray-rock/30min

Instagram: @gray.rock.consulting

2. Core Services

Q: What services does Boyd Tax Advisors provide?
Boyd Tax Advisors offers a comprehensive suite of tax and accounting services organized
around six core practice areas:

• Tax Preparation & Compliance — Accurate and defensible federal and state tax filings
  for individuals and businesses with complex financial profiles.
• Bookkeeping & Financial Reporting — Complete, organized financial records aligned
  with tax planning goals and business decision-making.
• Tax Consulting & Strategic Planning — Ongoing advisory support to reduce tax
  exposure, improve cash flow, and evaluate financial decisions before they generate
  unnecessary cost.
• IRS Representation & Resolution — Direct representation before the IRS for audits,
  notices, collections, and appeals, handled by a licensed Enrolled Agent.
• E-Commerce & Digital Business Accounting — Specialized support for online
  businesses, content creators, and digital-first companies managing income across
  multiple platforms.
• Entity & Multi-Entity Compliance — Ongoing compliance management for corporations,
  partnerships, LLCs, and businesses operating across multiple entities and states.

Q: Does Boyd Tax Advisors handle both individuals and businesses?
Yes. The firm serves both individual taxpayers and business entities. Individual engagements
commonly involve high-income earners, investors, and individuals whose personal tax situation
is tightly connected to business ownership, investments, or family trust structures. Business
engagements span sole proprietorships, partnerships, LLCs, S corporations, C corporations,
and complex multi-entity structures.

Q: Do you offer one-time engagements or only ongoing advisory relationships?
The firm accommodates both. However, the firm’s core strength lies in ongoing advisory
relationships where tax strategy is integrated into the client’s financial life throughout the year.
One-time engagements such as standalone tax return preparation, IRS notice responses, or
year-end catch-up accounting are also available. Consulting engagements are scoped and
priced individually based on complexity and professional time required.

Q: Does Boyd Tax Advisors coordinate with other professional advisors?
Yes. Cody Boyd regularly collaborates with attorneys, investment advisors, estate planners, and
other professionals. This collaborative approach is particularly important for clients with complex
multi-entity structures, family office-style planning needs, or multigenerational wealth
considerations. Coordinated advisory support ensures that tax strategy is aligned with the
client’s broader legal, financial, and legacy objectives.
Tax Preparation & Compliance

Q: What types of tax returns does Boyd Tax Advisors prepare?
The firm prepares a full range of federal and state income tax returns, including:

• Individual Income Tax Returns (Form 1040) — Standard, complex, and advanced/high-
  net-worth returns
• Partnership Income Tax Returns (Form 1065) — Small, standard, and complex
  partnership filings
• S Corporation Income Tax Returns (Form 1120-S)
• C Corporation Income Tax Returns (Form 1120)
• Complex corporate and multi-state structures — Priced based on scope
• Trust and Estate Income Tax Returns (Form 1041) — Simple and complex trust/estate
  filings

Q: What are the starting fees for tax preparation?
All prices listed below are starting fees. Final pricing is determined by the scope and complexity
of each return and is confirmed prior to commencing work. Starting fees are as follows:

• Standard individual return: starting at $500
• Complex individual return: starting at $750
• Advanced / high-net-worth individual return: starting at $1,250
• Small partnership return: starting at $750
• Standard partnership return: starting at $1,200
• Complex partnership return: starting at $2,500
• S corporation return: starting at $750
• C corporation return: starting at $950
• Complex corporate / multi-state structures: priced based on scope
• Simple trust or estate return: starting at $850
• Complex trust or estate return: starting at $1,750

Q: Why do Boyd Tax Advisors’ fees reflect a higher price point than some other
services?
The firm’s pricing reflects direct professional responsibility, substantive preparation, and the
absence of offshore or third-party labor. Every return is prepared entirely within the United
States by the firm’s own professionals — not outsourced to vendors, offshore teams, or
disconnected workflows. Clients are not paying for layers of coordination or rework; they are
paying for the professional time, judgment, and accountability that complex tax work demands.

Q: Does Boyd Tax Advisors handle multi-state tax filings?
Yes. The firm handles multi-state tax compliance for individuals and businesses with income or
operational presence in multiple states. Multi-state filing complexity is a common feature of the
firm’s client base, particularly for business owners, remote workers, investors, and clients with
real estate or business activity across state lines.

Q: Do you prepare returns for trusts and estates?
Yes. Boyd Tax Advisors prepares income tax returns for trusts and estates (Form 1041),
including both simple and complex trust structures. The firm also advises on tax planning
considerations related to estate administration, distribution timing, and coordination with estate
attorneys and investment advisors.

4. Tax Strategy & Planning

Q: What does tax consulting and planning involve?
Tax consulting at Boyd Tax Advisors is a forward-looking, advisory-driven process. Rather than
simply reporting what has already happened, strategic tax planning involves analyzing
upcoming decisions, financial events, and structural changes before they occur — enabling
clients to make informed choices that reduce unnecessary tax cost and exposure. Common
advisory areas include:

• Proactive tax planning and financial modeling
• Estimated tax management and quarterly planning
• Multi-entity and structural tax planning
• Business formation, restructuring, and entity selection
• Trust, estate, and family tax coordination
• Long-term financial and tax strategy

Q: How does Boyd Tax Advisors approach tax strategy differently from a
traditional CPA firm?
The firm’s philosophy, rooted in what it calls the ‘Gray Rock’ approach, emphasizes discipline,
restraint, and defensible outcomes over aggressive or speculative tax positions. Strategies are
developed for durability rather than short-term advantage. Communication is precise and
documented. Tax planning is viewed as an ongoing, methodical process — not a single annual

transaction. This approach is best suited for clients who value structure, discretion, and long-
term financial predictability.

Q: Can Boyd Tax Advisors help me understand the tax implications of a major
financial decision?
Yes. This is one of the most valuable services the firm provides. Whether you are considering
selling a business, restructuring entities, acquiring real estate, making a significant investment,
or executing a major asset transfer, Boyd Tax Advisors can model the tax consequences of
different approaches before you commit to a course of action. This type of pre-decision advisory
work can prevent expensive mistakes and identify structuring opportunities that may not be
apparent without specialized tax expertise.

Q: Do you help with estimated tax payments?
Yes. Estimated tax management is a standard component of ongoing advisory engagements.
The firm helps clients calculate appropriate quarterly estimated tax payments, account for
changes in income, and avoid underpayment penalties. For business owners, investors, and
self-employed individuals whose income is variable or complex, proactive estimated tax
planning is essential to cash flow management throughout the year.

Q: Does Boyd Tax Advisors work with clients on entity structuring?
Yes. Entity selection and structuring is a significant area of advisory work. The choice between
a sole proprietorship, LLC, S corporation, C corporation, or partnership — and how those
entities are organized in relation to one another — has substantial tax implications. Boyd Tax
Advisors evaluates the tax, compliance, and operational considerations of different structures
and provides guidance on business formation, conversions, and restructuring as business
needs evolve.

IRS Representation & Resolution

Q: What is an Enrolled Agent and why does it matter?
An Enrolled Agent (EA) is a federally licensed tax practitioner who holds the highest credential
awarded by the Internal Revenue Service. Unlike CPAs or attorneys, whose authority to
represent clients before the IRS is tied to state licensure, an Enrolled Agent is federally
authorized to represent taxpayers before the IRS in all matters — including examinations,
collections, appeals, and penalty proceedings — in all 50 states. Cody Boyd holds EA License
Number 00167304 and is fully authorized to represent Boyd Tax Advisors’ clients before the IRS
at any level.

Q: What IRS matters does Boyd Tax Advisors handle?
Boyd Tax Advisors provides comprehensive IRS representation services, including:

• Audit and examination representation — Responding to IRS audit inquiries and
  managing the examination process on the client’s behalf
• IRS notice response and correspondence — Reviewing, interpreting, and formally
  responding to IRS notices and letters
• Collections matters and payment arrangements — Negotiating installment agreements,
  currently not collectible status, and other collection alternatives
• Penalty abatement requests — Requesting the reduction or elimination of penalties
  assessed by the IRS where qualifying circumstances exist
• Appeals support and procedural advocacy — Representing clients in the IRS
  Independent Office of Appeals

Q: What should I do if I receive an IRS notice or audit letter?
Do not ignore it and do not respond without professional guidance. IRS notices have specific
deadlines and procedural requirements, and an uninformed response can inadvertently expand
the scope of an audit or create additional issues. Contact Boyd Tax Advisors as soon as
possible after receiving any IRS correspondence. The firm will review the notice, advise on the
appropriate response strategy, and handle all direct communication with the IRS on your behalf.

Q: How are IRS representation services priced?
IRS representation services are billed based on the scope and complexity of each matter, either
as flat-fee engagements or as hourly advisory work. A firm pricing estimate is provided after an
initial assessment of the notice or case. Contact the firm at (854) 219-7741 or contact@boyd.tax
to discuss your specific situation.

Q: Can you help resolve back taxes or unresolved tax debt?
Yes. Boyd Tax Advisors handles collections matters, including clients who have outstanding tax
balances, unfiled returns, liens, levies, or other unresolved IRS collection actions. The firm
evaluates available resolution options — including installment agreements, offers in
compromise, currently not collectible status, and penalty abatement — and guides clients
through the process of reaching a sustainable resolution with the IRS.

6. Bookkeeping & Accounting Services

Q: What bookkeeping and accounting services does Boyd Tax Advisors offer?
The firm’s accounting services are organized into three monthly service tiers, each designed for
a different level of financial complexity:

• Surface Layer — Compliance Foundation ($500/month): Cash basis accounting, general
  ledger maintenance, account reconciliation for up to 3 accounts, monthly financial
  review, and core financial reporting. Best for early-stage businesses and straightforward
  operating structures.
• Structural Layer — Growth Support ($750/month): Everything in Surface Layer, plus
  reconciliation for up to 5 accounts, bi-weekly advisory check-ins, enhanced financial
  reporting, W-2 and 1099 preparation, and payroll tax filings. Best for growing businesses
  with multiple income streams or operational teams.
• Subsurface Layer — Strategic Advisory ($1,200/month): Everything in Structural Layer,
  plus cash or accrual accounting, reconciliation for up to 10 accounts, weekly advisory
  meetings, financial forecasting and projections, multi-entity reporting support, and
  advanced tax coordination. Best for multi-entity structures, high-revenue businesses,
  and advisory-driven clients.

Q: Does Boyd Tax Advisors offer year-end account cleanup or catch-up
bookkeeping?
Yes. The firm offers a Deep Review Yearly Account Cleanup service for businesses whose
books need to be brought current or corrected. Standalone cleanup pricing is as follows:

• 3 accounts: $1,500 (up to 200 transactions per month/annually)
• 5 accounts: $2,500 (up to 200 transactions per month/annually)
• 10 accounts or more: starting at $5,000 (up to 200 transactions per month/annually)
  Most ongoing clients receive a complimentary cleanup as part of their onboarding process.

Q: Does the accounting service include financial statements?
Yes. All accounting service tiers include financial reporting. Higher tiers provide enhanced and
more frequent reporting, including financial forecasting and projections. Clean, accurate
financial statements are a core deliverable across all service levels and are designed to support
both tax planning and business decision-making.

Q: What is included in the Subsurface Layer / Strategic Advisory tier?
The Strategic Advisory tier ($1,200/month) is the firm’s most comprehensive accounting
engagement and includes everything in the lower two tiers plus cash or accrual accounting,
reconciliation for up to 10 accounts, weekly advisory meetings, financial forecasting and
projections, multi-entity reporting support, and advanced tax coordination. It is designed for

complex businesses and advisory-driven clients who require deep financial visibility and
ongoing strategic guidance.

Q: Do your accounting engagements require long-term contracts?
No. All accounting engagements include transparent pricing and no long-term contracts. The
firm’s goal is to earn and retain client relationships through quality and value rather than
contractual obligation. Each engagement includes direct access to a dedicated advisor and
structured processes designed for the client’s specific level of complexity.

7. E-Commerce & Digital Business

Q: Does Boyd Tax Advisors work with online businesses and content creators?

Yes. The firm provides specialized accounting and tax support for online businesses, e-
commerce sellers, digital entrepreneurs, and content creators. Digital businesses face unique

tax and accounting challenges — including income from multiple platforms, marketplace

facilitator tax rules, complex expense tracking, multi-state sales tax considerations, and self-
employment tax planning. Boyd Tax Advisors understands these dynamics and provides

practical, experienced guidance tailored to the digital business environment.

Q: What specific challenges do e-commerce businesses face from a tax
perspective?
E-commerce and digital businesses face a number of tax complexities that go beyond what a
standard tax preparer typically handles:

• Multi-platform income tracking — Consolidating revenue from Shopify, Amazon, Etsy,
  eBay, Stripe, PayPal, and other platforms into accurate financial records.
• Sales tax compliance — Navigating economic nexus rules across multiple states
  following the South Dakota v. Wayfair decision, which requires online sellers to collect
  and remit sales tax in states where they have significant sales.
• Cost of goods sold and inventory accounting — Properly tracking inventory costs,
  fulfillment expenses, and returns.
• Home office and business use deductions — Accurately capturing deductible expenses
  while maintaining documentation that will withstand scrutiny.
• Self-employment tax and estimated tax planning — Managing quarterly tax obligations
  for business income that is not subject to withholding.
• Entity structuring — Determining whether operating as a sole proprietor, LLC, or S
  corporation provides the most favorable tax outcome as the business grows.

Q: Can you help an e-commerce business that has fallen behind on
bookkeeping?
Yes. The firm’s year-end account cleanup service is particularly relevant for online businesses
that have grown quickly or that have been managing their own books without professional
support. The team can bring disorganized records current, reconcile platform payouts against
bank statements, and establish a clean foundation for ongoing accurate bookkeeping and tax
compliance.

8. 100% U.S.-Based Preparation — Why It Matters

Q: Is all work at Boyd Tax Advisors done in the United States?
Yes — 100%. All tax preparation, review, bookkeeping, and financial reporting is performed
entirely within the United States by the firm’s own professionals. Boyd Tax Advisors does not
outsource work to offshore teams, foreign contractors, or third-party preparation services. No
client data is transmitted or processed outside U.S. jurisdiction.

Q: Why does it matter where my tax return is prepared?
Where a tax return is prepared — and by whom — is a material consideration for data security,
legal accountability, and professional oversight. Offshore tax preparation outsourcing has
become common in the industry as firms seek to reduce labor costs and increase volume.
However, this practice introduces risks for clients:

• Data security risk — Offshore preparation expands the number of individuals and
  systems that access taxpayer data, often across multiple organizations and foreign
  jurisdictions. Regulators and cybersecurity experts consistently identify third-party and
  external access as a primary source of data breaches.
• Reduced legal protection — When tax data is processed outside the United States, U.S.
  privacy laws, FTC Safeguards Rule enforcement, and IRS regulatory authority become
  harder to enforce. Foreign jurisdictions may lack equivalent data protection standards.
• Accountability gaps — Overseas workers may be employed through subcontractors,
  limiting oversight, background screening, and the ability to immediately revoke access in
  the event of a policy violation.
• Slower incident response — If a data security incident occurs, offshore arrangements
  complicate investigation, containment, regulatory reporting, and communication with
  affected clients.

Q: What specific protections does domestic preparation provide?
By keeping all work within the United States, Boyd Tax Advisors ensures that:

• All client data remains subject to U.S. privacy laws, IRS regulations, and FTC
  Safeguards Rule requirements.
• All personnel handling client information are subject to direct supervision, credentialing,
  and U.S. legal standards.
• Data access is limited to a known, controlled group of professionals — minimizing the
  attack surface for potential breaches.
• If an incident occurs, the firm can investigate, respond, and communicate with clients
  and regulators quickly and transparently.
• Clients have meaningful legal remedies available under U.S. law if something goes
  wrong.

Q: Does Boyd Tax Advisors store client data in the United States?
Yes. Consistent with the firm’s 100% U.S.-based commitment, client data is stored within U.S.
jurisdiction. The firm does not transmit client financial or tax information to foreign servers,
offshore vendors, or overseas processing systems.

9. Working With Boyd Tax Advisors

Q: What does the onboarding process look like?
New client engagements follow a structured, six-step advisory process designed to build a
reliable foundation before ongoing work begins:

• Step 1 — Initial Consultation & Financial Assessment: An introductory consultation to
  understand your financial position, business structure, and objectives. Complexity, risk
  exposure, and advisory needs are identified. Existing systems and workflows are
  reviewed.
• Step 2 — Data Review & Systems Alignment: Financial records, banking activity, and
  supporting documentation are collected and reviewed. Data is aligned with standardized
  processes to support accuracy and scalability.
• Step 3 — Ongoing Bookkeeping & Financial Reporting: Complete and accurate financial
  records are maintained, including transaction tracking, reconciliations, and financial
  statements.
• Step 4 — Tax Strategy & Compliance Management: Tax planning is integrated into
  ongoing operations. Strategies are developed to manage tax exposure and meet
  regulatory requirements.
• Step 5 — Financial Analysis & Advisory Support: Analysis and advisory guidance
  beyond reporting, including forecasting, cash flow planning, and strategic decision
  support.
• Step 6 — Ongoing Advisory Relationship: Long-term advisory partnership with periodic
  reviews and proactive guidance as needs evolve.

Q: Does Boyd Tax Advisors accept every prospective client?
No. The firm is selective in accepting new engagements. Prospective clients are evaluated
based on fit, complexity, and alignment with the firm’s advisory focus. This selectivity is
intentional — it ensures that each client receives a genuinely high level of attention and
strategic depth, rather than a volume-processing model where accuracy and personal attention
are compromised by scale.

Q: How does Boyd Tax Advisors communicate with clients?
Communication at Boyd Tax Advisors is direct, professional, and documented. Clients have
direct access to their advisor — not a rotating team of entry-level staff or an offshore support
queue. The frequency of communication depends on the service tier and engagement type.
Accounting clients on the Subsurface Layer tier receive weekly advisory meetings; Structural
Layer clients receive bi-weekly check-ins. All advisory engagements include clear channels for
proactive guidance as financial situations evolve.

Q: What information should I prepare before my initial consultation?
To make the most of your initial consultation, it is helpful to have the following available:

• Most recent federal and state tax returns (individual and business, if applicable)
• A summary of your business structure — entity types, ownership percentages, and
  states of operation
• A general overview of income sources — W-2, 1099, business income, investments,
  rental income, etc.
• Any recent IRS notices or unresolved tax issues
• Current accounting software or bookkeeping method, if applicable
• Any specific tax concerns, upcoming financial events, or planning questions you want to
  address

Q: How do I schedule a consultation?
A free initial consultation can be scheduled directly online at
calendly.com/cody-gray-rock/30min. You can also reach the firm by phone or text at (854) 219-
7741 or by email at contact@boyd.tax. The firm welcomes serious inquiries from individuals and
businesses seeking long-term financial guidance.
Pricing, Transparency & Getting Started

Q: How is pricing structured at Boyd Tax Advisors?
Pricing at Boyd Tax Advisors is structured around professional time, judgment, and direct
responsibility. Fees are not designed to absorb the overhead costs of offshore coordination,
vendor management, or rework caused by disconnected workflows. The firm publishes starting
fees for all standard tax preparation services on its website and offers upfront, confirmed pricing
before any work begins. Accounting services are priced as fixed monthly retainers based on the
service tier selected.

Q: Does Boyd Tax Advisors offer transparent, upfront pricing?
Yes. Transparent, upfront pricing is one of the firm’s core operating standards. All pricing is
confirmed in writing prior to the commencement of any engagement. There are no hidden fees,
scope creep surprises, or vague estimates. For tax preparation, starting fees are published on
the Tax Prices page at boyd.tax/tax-prices/. For accounting services, monthly tier pricing is
published at boyd.tax/accounting-pricing/.

Q: Is there a free consultation available?
Yes. Boyd Tax Advisors offers a free initial consultation for prospective clients. This 30-minute
session provides an opportunity to discuss your financial situation, understand the firm’s
services and approach, and determine whether the engagement is a good fit. Schedule directly
at calendly.com/cody-gray-rock/30min.

Q: Does Boyd Tax Advisors require long-term contracts?
No. All accounting engagements are offered without long-term contracts. The firm believes that
client relationships should be maintained through quality and value — not contractual lock-in.
For tax preparation and IRS representation services, engagements are scoped and priced
individually for each project.

Q: What is the best way to get started?
The best first step is to schedule a free consultation at calendly.com/cody-gray-rock/30min.
During this call, you can describe your financial situation, ask questions about the firm’s
services, and determine whether Boyd Tax Advisors is the right partner for your needs. You
may also reach out directly by phone at (854) 219-7741 or by email at contact@boyd.tax.

Have a question not covered here?

Schedule a free consultation or reach out directly — we welcome serious inquiries.

(854) 219-7741 | contact@boyd.tax | boyd.tax