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...
I know what you’re thinking: what does college basketball have to do with my taxes? A lot, actually, if you’re one of the many, many people that bet on the college basketball playoffs every year. The money you win on the outcome of the National Championship tonight will put a big smile on your face,...
Wouldn’t it be nice if paying tax was a voluntary action, instead of a compulsory one? Of course it would, but we all know that’s not the case, right? Wrong. There are taxpayers out there who try to avoid paying taxes by claiming that our taxation system is based upon “voluntary assessment and repayment.” They...
Today marks the twentieth anniversary of Paula Jefferson & Associates, P.C. Looking back, we cannot believe how much has changed and how far we’ve come.
Twenty years ago, Paula Jefferson & Associates, P.C. started serving the DFW area. Twenty years ago, we could not have imagined how technology would have changed our industry or how our...
