Business Dinner Seminar With Our Experts
The event included a panel discussion on the process of buying and selling a business, led by industry experts Michael L Shipman VP, Frost Insurance, and Steve Bankler. Business owners Richard Kattmann, Owner, Eldridge Electric (buyer), and Amir Kamel, President, Princess Professional (seller) shared with attendees their individual challenges and triumphs throughout their buying and […]
Are You an Audit Risk?
You may have heard that IRS audits are few and far between these days, and, for most taxpayers, the risk is indeed low. An average American taxpayer ten years ago was about three times more likely to be audited than they are today. The IRS just doesn’t have the staff and resources to audit like […]
Gina Valorz Article
Gina Valorz was born and raised here in San Antonio, TX. “I love the city and everything it has to offer,” said Gina. She has lived in Sonoma Ranch since 2011. She and her husband David have a blended family that includes Gina’s sons, Gregory and Steven, and David’s son, Phinney, and daughter, Fiona. “And […]
When You Can’t Pay Your Federal Taxes
More than half of U.S. taxpayers know that they pay an inaccurate amount of taxes each year. Most overpay and are happy to receive a refund. But since IRS withholding changed in 2019, nearly three in ten tax-filing Americans claim to have received an unusually large tax bill. Business owners and high-income taxpayers are surprised […]
Cash Payments Can Trigger IRS Trouble
What do $600, $5,000, and $10,000 have in common? They’re specific payment amounts to a person or business that can trigger IRS reporting requirements. Ignore those triggers, and someone (either the payee or the recipient, depending on the trigger) could face steep penalties or even criminal charges. Click To View
Crypto & Your Taxes
Cryptocurrency went from being largely unregulated and untaxed to being one of the most closely watched taxable activities practically overnight. A little checkbox showed up near the top of 2020’s Form 1040, asking a yes-or-no question about it. You may have overlooked it a year ago but have dipped your toe in the cryptocurrency pool […]
Spring Cleaning Your Taxes
The IRS anticipates extended delays and even worse than usual “customer service” this tax season. Plus, the year ahead may be filled with new tax curveballs, so it’s vital to get 2021 squared away – with all of your essential documents to your CPA – as soon as possible. Below is a list of often-neglected […]
Sharing the Love with DAFS
Donor-Advised Funds (DAFs) have catapulted in popularity. If you’re still unsure what they are but give generously to charitable organizations, it’s time to understand their immense tax-saving potential. The National Philanthropic Trust reported an increase across the board for DAF activity in 2021. Grants from DAFs to qualified charities increased 27% compared to 2019, and […]
Your Retirement in 2022
Retiring soon? You’re not alone. Principal Financial Group reports that 11% of workers plan to retire or leave the workforce in 2022. But don’t let last year’s planning throw this year’s retirement off[1]kilter. There are several changes in both Social Security benefits and IRS rules for retirement plans worth noting: Full retirement age has increased. […]
Six Early Moves
There is only one certainty for business owners: You won’t be able to stay at the helm forever. You’ll exit, either by choice or by circumstance. Some business owners prepare years in advance for that day, but family business owners don’t often have such a clear vision in place. Click To View