Helping Families Make Confident Tax Decisions
PAPRIKA stands for Parents Allocate Payroll Rationally Increasing Kids’ Assets — but it’s more than an acronym for a tax strategy. It’s a symbol of family values.
My father legally immigrated from Hungary in 1957 as a political refugee. He hustled, went to night school, started a small construction business, and paid for me to go to college — his dream for me. In Hungarian culture, as in many others, food brings families together. And in Hungary, paprika is at the heart of almost every dish.
As families gather around the table — laughing, talking about life, sharing hopes and fears — they’re enjoying meals seasoned with paprika. It represents warmth, love, and the effort to care for one another.
My father didn’t know about strategies like PAPRIKA. Despite his hard work, he never found ways to make that effort go further. That’s why this strategy exists — to help hardworking, family-focused people like him (and maybe like you) put their effort to better use. PaprikaTax makes it simple to implement one smart, legitimate tax strategy – a small but meaningful step toward the broader goal of helping families like his build lasting financial security without having to work quite as hard to get there.
– David Nagy
PaprikaTax is the trade name of Nagy & Associates, P.A., a Delaware-based CPA firm with more than 25 years of experience helping families and business owners navigate complex tax rules with confidence.
PaprikaTax was created to apply that same rigor, documentation, and compliance mindset to one of the most powerful—but misunderstood—tax strategies available to family-owned businesses.
Tax Expert and Data Analyst
PaprikaTax was created by David, a nationally recognized tax strategist and advisor with over 25 years of experience helping business owners save money, grow their companies, and stay compliant. He’s the founder of Nagy & Associates, P.A., a boutique CPA firm serving entrepreneurs for over two decades, and the creator of ReasonableCompensation, a trusted tool used for accountants to help clients set defensible, IRS-compliant salaries. David has advised hundreds of families and accountants on hiring practices, compensation planning, and tax efficiency strategies – bringing a unique mix of practical insight, creativity, and real-world experience.
Client Data Security Advisor
Operations Manager
Sarah is the Operations Manager at PaprikaTax, where she oversees customer service, workflow optimization, quality control, and overall office management. With an analytics background from the University of Tennessee, Sarah combines data-driven thinking with a strong focus on client experience and operational efficiency. She ensures that every PaprikaTax process — from client onboarding to final deliverables — runs smoothly, accurately, and securely. Sarah’s attention to detail and commitment to excellence help maintain the high standards that PaprikaTax clients rely on.
In addition to our core team, PaprikaTax is supported by a small group of trusted collaborators, including a dedicated software developer, a marketing strategist, and a seasoned entrepreneur with deep experience building and scaling software businesses.
We also work closely with a growing group of business owners who regularly test new features and provide real-world feedback. Their input helps ensure that updates are practical, clear, and aligned with how family-owned businesses actually operate.
