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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How Cash Payments Over $10,000 Get Noticed

  • 8 December 2015
  • Author: Cari Holbrook
  • Number of views: 1254
  • 0 Comments
How Cash Payments Over $10,000 Get Noticed

In business, not all cash is considered equal in the eyes of the IRS. Business owners must report any cash payments of more than $10,000 by completing a Form 8300. Why? These types of payments to businesses are a red flag for money laundering and criminal activity. It’s serious business for the IRS, since the activity can be an indication of terrorist financing and drug dealing. For the rest of us, it’s better to be safe than sorry—and simply report it. Here’s what you should know:

Can the IRS Freeze My Bank Account?

  • 17 November 2015
  • Author: Cari Holbrook
  • Number of views: 1497
  • 0 Comments
Can the IRS Freeze My Bank Account?

Last month we discussed when and how the IRS can freeze a tax refund. But did you know that the IRS can freeze your bank account as well? It’s called an IRS bank levy and it represents an actual seizure of your money from your bank account, if the IRS finds it necessary.

How Far Back Can I Be Audited?

  • 10 November 2015
  • Author: Cari Holbrook
  • Number of views: 1276
  • 0 Comments
How Far Back Can I Be Audited?
Many myths circulate around IRS audits. One, for instance, is that an audit is some big, scary situation in which a taxman in sunglasses and a suit arrives at the door, briefcase in hand, ready to dig through shoeboxes of receipts on the spot. The reality, however, is much less dramatic.

Surprising Texas Sales Taxes for Residential Building Contractors

  • 27 October 2015
  • Author: Cari Holbrook
  • Number of views: 1305
  • 0 Comments
Surprising Texas Sales Taxes for Residential Building Contractors

More people are building again these days, which is great for building contractors. But, as it is for other business owners who perform contract work, figuring out which goods and services are taxable can be a confusing endeavor.

Did the IRS Freeze Your Refund?

  • 13 October 2015
  • Author: Cari Holbrook
  • Number of views: 2525
  • 0 Comments
Did the IRS Freeze Your Refund?

During the latest 2014 tax filing season, the IRS froze the returns of 1.6 million possible tax ID theft victims. While it’s certainly better to be safe than sorry, what has happened after the returns are frozen may be considered a crime itself. Taxpayers who received letters from the IRS stating their returns were frozen were directed to a Taxpayer Protection Program (TPP) line to confirm their identities. However, the IRS answered as few as 10 percent of the phone calls made to the call line during their busiest times.

Have a Question for the IRS? Hang on!

  • 22 September 2015
  • Author: Cari Holbrook
  • Number of views: 1404
  • 0 Comments
Have a Question for the IRS?  Hang on!

During the latest tax season, the average wait time for taxpayers calling the IRS was nearly 25 minutes, which is double the amount of time of the previous year. Some days, fewer than 40 percent of calls actually reached a live person. In fact, the IRS hung up on about 8.8 million taxpayers during this year’s tax filing season, labeling the act “courtesy disconnects.”

Why Business Owners Are Celebrating Medicare's Big 5-0

  • 8 September 2015
  • Author: Cari Holbrook
  • Number of views: 1572
  • 0 Comments
Why Business Owners Are Celebrating Medicare's Big 5-0

This year marks Medicare’s 50th birthday. If you’re a business owner and think that milestone is irrelevant to you, think again. Participating in Medicare can be cost effective. If you’ve paid payroll taxes over the years, you may not need to pay premiums for Medicare Part A at all. But, in order to take full advantage, follow these three steps:

Tax Incentives for Military Veterans in Business

  • 25 August 2015
  • Author: Cari Holbrook
  • Number of views: 1312
  • 0 Comments
Tax Incentives for Military Veterans in Business

San Antonio has always been a proud military community. Employing military veterans during and after active duty helps maintain the strong, dedicated workforce that makes our community great. Plus, many employers find the work ethic, communication skills and other strengths common among military veterans make them strong team members.

Create a SIMPLE IRA Before October 1

  • 11 August 2015
  • Author: Cari Holbrook
  • Number of views: 1958
  • 0 Comments
Create a SIMPLE IRA Before October 1

SIMPLE IRA plans provide great advantages for self-employed individuals and small business employers, since they don’t require the start-up and operating costs associated with conventional retirement plans.

Energy-Saving Incentives for Small Businesses

  • 28 July 2015
  • Author: Cari Holbrook
  • Number of views: 1440
  • 0 Comments
Energy-Saving Incentives for Small Businesses

Many small businesses are becoming more energy efficient because it’s the right thing to do for our environment.  But did you know it can also benefit you as a business owner? The average commercial building wastes 30 percent of the energy it consumes, according to the U.S. Environmental Protection Agency. That’s a lot of money down the drain.

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