Whether your business is the law, or a business with accounting or asset protection needs, our business has been “Solving clients’ problems" since 1977.

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Section 179 or Bonus Depreciation?

  • 13 November 2018
  • Author: Alexander Carr
  • Number of views: 40
  • 0 Comments
Section 179 or Bonus Depreciation?
Bonus depreciation rules now allow for 100% write-offs and are expanded to include big-ticket items like the purchase of used equipment. So is there any reason to expense these purchases as part of Section 179 deductions instead?

Small Businesses: Avoid Tax-Return Fraud This Year

  • 6 November 2018
  • Author: Alexander Carr
  • Number of views: 66
  • 0 Comments
Small Businesses: Avoid Tax-Return Fraud This Year

The IRS has seen an increase in corporate and small business tax-return fraud. From stolen employer identification numbers (EINs) to fake Schedule K-1s for S corporations, it’s important to be on the lookout for signs your business has been compromised.

5 “Taxing” Halloween Stories

  • 24 October 2018
  • Author: Alexander Carr
  • Number of views: 151
  • 0 Comments
5 “Taxing” Halloween Stories

While taxes are scary enough, we thought it would be fun to share some Halloween-related tax tales. Gather ‘round and be glad you’re not in the same situation as these poor souls: 

So Long, Cupcake: Goods & Services Young Adults Aren’t Buying

  • 16 October 2018
  • Author: Alexander Carr
  • Number of views: 161
  • 0 Comments
So Long, Cupcake: Goods & Services Young Adults Aren’t Buying
Our focus is to help our clients increase profits, which reaches far beyond tax planning alone. So when we came across an article about goods young generations simply don’t buy, we took notice. Some of these profit slides are due to predictably fickle trends (the rise and sudden fall of gourmet cupcake

s, for instance), but others signify a much deeper downturn that manufacturers, retailers and service providers should considering pivoting around.

Tax Benefits of Health Savings Accounts (HSAs)

  • 9 October 2018
  • Author: Alexander Carr
  • Number of views: 120
  • 0 Comments
Tax Benefits of Health Savings Accounts (HSAs)

The IRS allows several ways to earmark pre-taxed money for certain expenses, thus reducing your end-of-year taxable income. Health savings accounts (HSAs) are among them. HSAs can be easy to set up and individually managed outside of employer healthcare plans. 

Ramping Up Your Seasonal Help? Don't Forget These Rules

  • 25 September 2018
  • Author: Alexander Carr
  • Number of views: 120
  • 0 Comments
Ramping Up Your Seasonal Help? Don't Forget These Rules

Can you believe we’re on the cusp of the holidays? Can you smell the pumpkin spice in the air?  If your business ramps up for the holiday rush, you likely already have your wheels spinning on hiring part-time seasonal help. But to avoid future problems (fines, labor complaints, and audits), you need to be on top of the latest employment and tax regulations. 

Former NBA Player Sentenced for Charity-Related Tax Fraud

  • 18 September 2018
  • Author: Alexander Carr
  • Number of views: 230
  • 0 Comments
Former NBA Player Sentenced for Charity-Related Tax Fraud
As online charity scams increase, a former professional basketball player has been found to have been in on the action. Former NBA star Kermit Alan Washington was recently sentenced

to six years in prison without parole and nearly $1 million in restitution for charity fraud,

Tax Tips for Californians Relocating to Texas

  • 11 September 2018
  • Author: Alexander Carr
  • Number of views: 131
  • 0 Comments
Tax Tips for Californians Relocating to Texas

Welcome to Texas! Are you from California? It’s a question many Texans have learned to ask lately, and the answer is often affirmative. For years, California business owners have been lured to Texas for its ideal climate of relatively low taxes, low regulation, and high quality of life. Most recently, San Antonio has seen a big boom, with California companies like TaskUs moving to the Alamo City. 

When and Why to File an Amended Tax Return

  • 28 August 2018
  • Author: Alexander Carr
  • Number of views: 203
  • 0 Comments
When and Why to File an Amended Tax Return

Determining when and why to file an amended tax return is an individual decision based on several key factors (usually a change in filing status, income, deductions or credits). You may be surprised to learn filing an amendment sooner isn’t necessarily better, though, even according to the IRS.

IRS is Sending Mixed Messages to E-filers

  • 21 August 2018
  • Author: Alexander Carr
  • Number of views: 236
  • 0 Comments
IRS is Sending Mixed Messages to E-filers

The IRS prefers you file your taxes electronically, but the penalties for late filing and errors are harsher than for taxpayers who file on paper! So should you e-file? That’s the question many taxpayers and CPAs are asking, and the answers aren’t quite clear yet. 

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