FMS Tax Services

Name

FMS Tax Services

Legal name

Financial Management Systems, Inc.

Website

https://fmstaxservices.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Tax Preparation Services

NAICS

Tax Preparation Services (541213), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Offices of Certified Public Accountants (541211)

akta.pro primary industry

Tax Return Filing, Processing & Assessment (BPAIADAC)

akta.pro secondary industries

Transfer Pricing & International Tax Services (BPAHABAI), Withholding & Payroll Tax Administration (BPAIADAI)

Keywords

• Tax preparation services
• Federal tax returns
• State tax returns
• Small business taxes
• Expat tax services

Headquarters

HQ city

Kingwood

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Tax Preparation Services: Professional tax preparation services for individual and business tax returns. Revenue generated through flat fees for specific tax return types (federal, state, business schedules) plus ancillary fees for additional forms and services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

FMS Tax Services is a family-run professional tax preparation firm that prepares federal and state tax returns for individual taxpayers, airline industry employees, military personnel, small businesses, self-employed individuals, partnerships, LLCs, corporations, non-profits, trusts/fiduciaries, estates, expatriates, and gift tax filers. Each return includes a complimentary Annual Per Diem Calculation Report and year-round tax advice, with optional audit representation and accounting/bookkeeping services available as add-ons. Pricing is flat-fee and publicly disclosed by return type.

Product overview

FMS Tax Services offers a unified tax preparation service rather than a platform-based architecture. The core offering centers on federal and state tax return preparation, supplemented by specialized services for airline professionals (Annual Per Diem Calculation Report), small businesses (Schedules C and E), and education tax credits. All tax returns include complimentary features—Tax Advice Consultation and Per Diem Calculation Report—that are typically charged separately by competitors. Additional fee-based services include Audit Protection, Business/Rental Schedules, and Accounting & Bookkeeping. The company specializes in serving Airline, Military, Small Business, and Self-Employed segments with over 70 combined years of experience.

Differentiator

Problem solved

Functional benefit

Products and services

• Federal Tax Return Preparation Professional preparation of federal IRS tax returns starting at $175, covering W-2 income, dependents/children, Form 2106 Employee Business Expenses, Schedule A Itemized Deductions, Schedule B Earned Income/Bank Interest, and 1099-G State Refund. Includes free electronic filing with direct deposit, complimentary Annual Per Diem Calculation Report, and year-round tax advice.
• State Tax Return Preparation State tax return preparation starting at $65 per conforming state. Non-conforming state returns (California and New York) requiring additions/subtractions due to federal tax law differences start at $150.
• Small Business and Self-Employed Tax Services Tax preparation for small businesses, self-employed individuals, partnerships, LLCs, and corporations, including Schedule C with 1099-MISC (starting at $125, includes depreciation schedule) and Schedule E rental/investment property (starting at $125 per property, includes building and land depreciation).
• Annual Per Diem Calculation Report (Standalone) Standalone Annual Per Diem Calculation Report available for $65 without preparation of a full tax return. Used by airline industry employees and military personnel to calculate deductible per diem amounts. Included free with every tax return prepared by FMS Tax Services.
• Audit Protection Service $150 package providing representation during a full sit-down audit with an IRS agent. Without the package, audits are charged hourly. Routine IRS letters are handled at no additional cost.
• Education Tax Services Specialized tax preparation support for education-related expenses, including student tuition (Form 1098-T), student loan interest (Form 1098-E), and Lifetime Learning Credit assistance.
• Accounting and Bookkeeping Services Available accounting and bookkeeping services to support tax preparation and ongoing financial record management for small businesses and self-employed clients.

Quantifiable outcome

• Tax Advice valued at $250-$1,000 included FREE with every tax return
• +2 more outcomes

Segments12 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Jackson Hewitt Tax Service: National tax preparation franchise focused on individual and small-business returns, including complex W-2, self-employed, and refund-related situations. Direct comparable on service category and customer base to FMS, with the key difference of operating through a franchise/office-retail model rather than a single family-run practice.
• Liberty Tax Service: Franchised tax preparation chain serving individuals and small businesses with both in-office and online options. Comparable because it directly competes for the same individual filer segment and offers similar forms, schedules, and add-on services that FMS does.
• CPA firms (local Boutiques): Local CPA offices offering individual and small-business tax preparation, planning, and bookkeeping. Comparable as direct professional-service competitors with the same licensing posture and customer segment, competing primarily on expertise, relationships, and convenience.

Emerging players

• TaxAct: Online tax preparation platform targeting individual filers and small businesses with lower pricing than TurboTax. Comparable as a software-based competitor whose pricing pressure and product improvements influence the customer FMS serves.
• MyExpatTaxes: Software-based expat tax preparation service. Comparable as a focused competitor in the expatriate niche where FMS also offers services, illustrating the technology-driven pricing pressure facing even FMS's specialty segments.
• Greenback Expat Tax Services: Specialist US tax preparation firm focused exclusively on US expatriates and foreign income situations. Comparable because FMS advertises expat/foreign tax services, and Greenback represents the kind of niche-focused competitor with broader geographic reach that could erode FMS's expat book.
• 1040.com: Online tax preparation service for individual federal and state returns. Comparable as a lower-cost software alternative competing for the same retail taxpayer that FMS serves.

Broad incumbents

• H&R Block: Largest US retail tax preparation franchise, offering DIY software, in-office, and online services for individuals and small businesses. Comparable because it competes directly for the same individual and small-business tax-prep customer that FMS serves, though at vastly greater scale and through a fundamentally different retail/technology model.
• Intuit TurboTax: Dominant DIY and assisted (TurboTax Live) tax software platform serving US individual and small-business filers. Comparable because it explicitly competes for the same customer segment that FMS targets, with TurboTax Live offering CPA/EA-assisted preparation that directly overlaps FMS's value proposition.

Regional players

• Community Tax: Tax preparation and resolution firm serving individuals and businesses across multiple US states. Comparable because it competes for individual tax preparation work and offers services (audit, back taxes, complex filings) that overlap with FMS's expanded offering set.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/FMS-Tax-Services-100064819152715
• LinkedInlinkedin.com/company/fms-finacial

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FMS Tax Services