Yes, it’s true! For all you lucky folks who were eligible to claim either the First Time Homebuyer or Repeat Homebuyer credit, but didn’t close by June 1st, you have another chance to cash in on this opportunity!
Congress has extended the deadline for taxpayers to complete the purchase of qualifiing homes for both first time homebuyers...
Back in March, we covered the reporting and record-keeping requirements for non-cash charitable contributions.
Now we will focus on how you can determine how much your charitable contribution is worth. What is the true value of that nearly-new suitcase or the blouse you’ve owned for twenty years?
The first thing that you must consider is the condition of the object...
The Texas Franchise Tax filing deadline is six short days away! Yes indeed, your business’s 2010 Texas Franchise Tax return must be postmarked or extended by Monday, May 17th.
Not sure if your business is required to file a franchise tax report? Check and see where your entity falls on the lists below- it will give...
Chief Executive Magazine has released the results of its annual CEO survey ranking the best and worst states for business development and job growth. Who tops the list? The great state of Texas, of course, for the sixth consecutive year!
The survey was conducted among 651 CEOs who were asked to rank each state and the...
Did you know almost all tax-exempt organizations (other than churches or church related organizations) are required to file yearly returns with the IRS? Well, it’s true!
The filing requirement for a tax-exempt organization depends on the yearly financial activity. Check out this handy chart (courtesy of www.irs.gov) to see what your organization is required to file:
Financial...
When our firm was in the process of developing the logo and tag line you see at the top of this blog, we wanted something that wasn’t your “typical” accounting firm logo, something that reflected the culture and beliefs of our firm. The marketing firm we worked with was actually a long-time client, so it...
IRAs are quickly becoming a more and more popular method for individuals to put aside money for retirement. With the various types of IRA (traditional, SEP, Roth) to choose from, there is an option for everyone. Since the opportunity to make contributions to your IRA for 2009 is quickly coming to an end, here are...
Another week, another edition of our Starting a Business Series! This week we will cover the two basic accounting methods generally available to small businesses: cash and accrual.
Cash Method
You are probably already familiar with the cash method of accounting, even if you don’t know it. Most individuals use the cash method in their personal finances....
On several levels, board meetings are critical to the well-being of a non-profit organization. Most non-profits that fail do so due to poor, uninspired, unequipped, and/or uninvolved boards. They usually start out with the greatest of intentions; passion is the order of the day. What happens that changes that positive vibe into a negative environment...
Did you notice your paycheck was a little larger in 2009 than it was in 2008? That’s thanks to the implementation of a new credit for 2009 – the Making Work Pay credit.
Today, we are going to answer the top 5 questions we’ve had about this credit.
1. What is the Making Work Pay Credit?
The Making...
