Articles
Cash vs Accrual Accounting: Which One is Right for Your Business?
Both methods have their pros and cons, but the one you choose can affect many parts of your business (including your tax liability, financial statements, and decision-making process). That’s why you need to know both methods and how they work.
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Tax Considerations When Buying or Selling a Home
If you sell your home, you could pay capital gains tax if it has gone up in value. But the IRS gives you one major tax break, which is referred to as the “home sale exclusion.”
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Top 5 Tax Mistakes to Avoid and How a CPA Can Help
Using a tax preparer (such as a CPA or enrolled agent) can help you. But even if you work with a professional, you still need to understand how to avoid these common errors.
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What to Do If You Receive an IRS Notice
The IRS will never contact you via social media or text message. The first way they will contact you will always be in the mail.
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5 Tips on How to Prepare a Workable Budget
While the process may seem daunting, it’s not hard to create a budget. Once you have one, most of the work will be done.
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How to Choose the Right CPA for Your Business or Personal Finances
Most people think about hiring a CPA when it’s time to do their taxes, but there are many other reasons to get one. Whether it’s for handling personal or business finances, a good CPA can be an invaluable resource. Most entrepreneurs don’t start their journey with a great deal of knowledge about how to manage […]
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How Much Money Do You Need for Retirement?
There is no “one size fits all” approach to retirement planning, and there are a number of factors that can determine how much you need for retirement.
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How the Child Tax Credit Works and How It Can Impact Your Return
To qualify for the credit, your child must meet several criteria based on age, relationship, support, dependency, citizenship, and residence. The child must be under 17 years of age, biologically related to you, be claimed by you as a dependent, and not provide more than 50% of his or her own financial support.
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4 IRS Audit Triggers and How to Avoid Them
Some taxpayers are selected at random, but most of them are chosen because their Discriminant Information Function (DIF) scoring system has found some red flags.
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What’s the Difference Between an Accountant and a CPA?
A CPA is more likely to have extensive knowledge about the field of accounting than someone who has not earned this distinction. A CPA is also allowed to perform certain duties that regular accountants aren’t permitted to do.
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500 N Shoreline Blvd # 1010
CCorpus Christi, TX 78401