Mission Statement

• To help business owners make profitable decisions by providing financial and tax information they understand on a timely basis.
• To give business owners peace of mind regarding financial and tax matters.

We accomplish our mission objectives by first determining what our clients need. This means both the type of service and information the client needs to be able to make profitable decisions. Next, we make sure we understand the client's time table and make certain we meet or exceed the time requirements. The more time a client has to review financial information, the better decision they can make.

When necessary we modify financial statement formats so that client's can better understand the data. If modification is not feasible, we make sure the client understands the financial reports. We welcome calls from clients to discuss any questions they may have. All calls are returned promptly.

Our clients have peace of mind knowing that what ever service we are providing, it is performed in a professional manner and is of the highest quality. Our accounting practice has undergone quality review by the Texas Society of Public Accountants twice and has received an unqualified opinion both times.

They also have peace of mind knowing that whatever unforeseen situation may develop, we will exert every possible effort to resolve it in an expeditious manner.

The Firm History
The firm James L. Falgout, P.C., Certified Public Accountant, has been providing a full range of accounting services since its exception in 1986. In 1986, the firm began with one employee and no clients. Growth has been gradual and largely a result of referrals. There have been two practice acquisitions, one in 1999 and one in 2002.

The services provided include accounting, tax planning, tax return preparation, business consulting, auditing and other services. Our clients span a wide range of sizes, types and industries. We do have a concentration in businesses related to home building.

The Firm Members
Presently, the firm consists of James L. Falgout, CPA, along with a support staff. The following is a brief description of each person.

James L. Falgout
Jim received a Master of Business Administration with a concentration in accounting from Louisiana State University in 1975. He then joined the audit staff of a big "eight" (now "big four") firm Peat Marwick Mitchell & Co.,(PMM). In September, 1976, he received the Certified Public Accountant certificate from both Louisiana and Texas. After five years of extensive audit experience at PMM, he joined a local firm, Murski, Hicks and Co. as manager of their audit department. He spent two years as Manager of Internal Audit for Lear Petroleum Corporation before starting his own firm in 1986. He spends most of his time assisting clients with their accounting, tax and business needs.

Support Staff
Our support staff consists of several part-time individuals that provide data entry and payroll services.

Other Information
Mr. Falgout experience transcends his professional experience. He was President of the Kiwanis Club of Dallas, Secretary of the Kiwanis Club of Richardson and served for ten years as the Treasurer of the joint committee which ran the Special Olympics of this region. Additionally, his has served as finance chairman and on stewardship committees of two churches.

Mr. Falgout is a member of the American Institute of Certified Public Accountants, the Texas Society of Certified Public Accountants, the North Dallas Chamber of Commerce and The Home Builders Association of Greater Dallas. He is presently a member of Small Business Committee of the North Dallas Chamber of Commerce. He is also a member of the Member Services Task Force of Home Builders Association. He recently became a member of the Community Associations Institute.

If any additional information or recommendations are required, please contact us. We pride ourselves on our responsiveness to our clients requests and needs.