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Hugo
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Hugo
Showing 1 to 3 of 3 CPAs in Hugo, Oklahoma
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Jay R. Thomas
Certified Public Accountant
Verified Licensed
Location Hugo, Oklahoma 74743
Based in Hugo, Oklahoma, Jay R. Thomas is a certified public accountant with over 10 years of experience providing accounting services to small and medium-sized businesses and family-owned enterprises. His expertise includes bookkeeping and financial statement compilation, individual and business tax return preparation, as well as providing basic accounting services and individual tax services. Thomas's specialization in accounting for small businesses gives him a unique understanding of the financial needs of entrepreneurs and small business owners, and he is well-equipped to handle their tax and financial needs.
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Donald W. Burgess
Certified Public Accountant
Verified Licensed
Location Hugo, Oklahoma 74743
Based in Hugo, Oklahoma, Donald W. Burgess provides accounting services to small businesses and entrepreneurs, including those in S-Corps, partnerships, and LLCs. With over 15 years of experience, Burgess specializes in basic accounting services, business tax services, and small business accounting, offering tailored solutions to meet individual needs. His services include retirement account tax reporting and payroll processing and compliance, ensuring that businesses remain up-to-date with tax regulations and financial obligations.
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Brandi L. Burgess
Certified Public Accountant
Verified Licensed
Location Hugo, Oklahoma 74743
Based in Hugo, Oklahoma, Brandi L. Burgess has been practicing as a certified public accountant for over 10 years, providing expert financial guidance to entrepreneurs and small to medium-sized businesses. Her services include individual and business tax return preparation, as well as bookkeeping and financial statement compilation, catering to the diverse needs of her clients. Specializing in basic accounting services, tax compliance, and financial planning, Burgess brings a comprehensive approach to her practice, helping her clients navigate the complexities of taxation and financial management.

Oklahoma's CPA market serves a state with strong energy, agriculture, and aerospace industries. The Oklahoma Accountancy Board requires 150 semester hours for licensure. CPAs must complete 120 hours of continuing professional education every three years, including 6 hours of ethics and minimum technical requirements.

Key Tax Considerations: Oklahoma has graduated individual income tax up to 4.75% and a flat 4% corporate rate. CPAs commonly handle oil and gas taxation including royalty income and production taxes, agricultural tax planning, state income tax compliance, and sales tax. The energy industry creates specialized needs for percentage depletion, intangible drilling costs, and working interest versus royalty interest taxation. Various business incentives for economic development require expertise to maximize benefits.

Industry Specializations: Energy (oil and gas, wind energy), aerospace and defense, agriculture (cattle, wheat), healthcare, banking and financial services, transportation, manufacturing, and higher education are primary focus areas. CPAs often specialize in upstream oil and gas accounting, agricultural cooperatives and commodity hedging, or aerospace and defense contracting compliance.

For CPA Professionals: The Oklahoma Society of CPAs serves practitioners statewide. Major markets include Oklahoma City (state government, energy, aerospace) and Tulsa (traditional energy hub, financial services). Smaller markets like Norman, Lawton, and Stillwater serve regional and university communities. The state offers low cost of living, Southern hospitality, and stable practice environment, though energy price volatility can impact the economy cyclically. The combination of traditional industries (energy, agriculture) and growing sectors (aerospace, technology) provides diverse practice opportunities.