Find a Tax Deduction for Your Charitable Donations

If you’ve recently moved and donated your belongings, given money to a charity, or traveled to volunteer your time, you may be able to claim a tax deduction. Donating to a great cause is, of course, a good deed in itself, but that doesn’t mean you can’t reward yourself with a tax benefit. These are … [Read more...]

Tax Deductions for Working Parents

For families, balancing work and home life can be a difficult task, especially when parents are working. Therefore, it’s important to take advantage of some tax deductions and credits that the IRS can offer to help offset your costs. We're here to help you out. Consider these tax deductions and … [Read more...]

File a Simple IRA for your Business Before October 1st

If you are unaware, the deadline for filing a Simple IRA for your business is approaching fast. What is a Simple IRA? The Simple IRA allows small businesses to contribute to their employees’ retirement plans, without that business to go through the expensive of establishing a 401k. Thus, employees … [Read more...]

Benefits of an Audit

Benefits of an Audit

The benefit of an audit is that it provides assurance that management has presented a "true and fair" view of a company's financial performance and position. An audit underpins the trust and obligation of stewardship between those who manage a company and those who own it or otherwise have a need … [Read more...]

Who Pays Estate Taxes

Who Pays Estate Taxes?

According to the IRS, estate tax is a tax on your right to transfer property at your death. The tax is determined by calculating the fair market value of everything you own or have certain interests in at the date of death. The total of all these items is referred to as “Gross Estate,” which … [Read more...]

Corporate Compliance

Corporate Compliance That Makes Sense

It’s hard to keep up with compliance requirements when there are so many new regulations being added every day. Unless you have an internal auditor, how do you know if your company is following all the rules? Even if you have an internal auditor, without knowing all the regulations, your company can … [Read more...]

Benefits of an LLC

Benefits of an LLC

An LLC is a limited liability company. This hybrid business entity provides the limited liability features of a corporation as well as the tax efficiencies and operational flexibility of a partnership. There are no owners in an LLC, but rather members. In the state of Texas, a member can be an … [Read more...]

Generally Accepted Auditing Standards

How Do You Know If You’re Getting a Quality Audit?

The American Institute of CPAs (AICPA) was founded in 1887 to represent the CPA profession nationally regarding rule-making and standard-setting. The AICPA holds a high level of professional standards for accountants, as well as a strict code of professional ethics, a licensing status and a … [Read more...]

Foreign Direct Investment

Foreign Direct Investment Expected to Grow

According to the United Nations’ annual World Investment Report, published by the organization’s economic think tank UNCTAD, global foreign direct investment will rise 12.5 percent to $1.62 trillion this year as the economic recovery tempts China, private equity and big companies. The UN has … [Read more...]

Road to Success for Corporate Finance

Corporate Finance Tips for Success

Business finance, most commonly known as corporate finance in the business world, involves allocating resources, reviewing debt and equity financing opportunities. While large corporations have finance departments dedicated to handling these matters, small businesses usually do not, therefore … [Read more...]