CPA Blog

CPA & Accounting Topics for Business
I graduated from the University of Texas at Austin with a Bachelor of Business Administration in Accounting. The University of Texas accounting school has been and is currently the number one accounting school in the United States. I am licensed by the Texas State Board of Public Accountants as a Certified Public Accountant. I began my career at P...rice Waterhouse Coopers International Accounting Firm in the assurance and tax divisions.  After my successful career in public accounting, I broadened my experience into the corporate world, serving as Controller and CFO. I have extensive experience in debt structuring, mergers and acquisitions, accounting systems, and small to midsize business tax issues. I am a member of the Texas Society of Certified Public Accountants, the American Institute of Certified Public Accountants and a member of their Tax Section and a certified Charter Global Management Accountant. More

Don't Mess with Texas... Franchise Taxes - Houston Business CPA

Don't Mess with Texas... Franchise Taxes - Houston Business CPA
Texas has a reputation for being a "pro" business state. Our state "PR" machine tells everyone there isn't an income tax so "bring your business to Texas". Well, that is not all together true. For businesses there is an income tax.....actually it is a tax on the "gross margin" of the...
Continue reading
  965 Hits

Increase Your Vehicle Mileage Deductions - Houston Business CPA

Increase Your Vehicle Mileage Deductions - Houston Business CPA
Last week, we told you about the two different methods for deducting business vehicle expenses . The Standard Mileage Deduction & the Actual Expense Method. In this article we will go over what is business mileage. Deduct Traveling from Home Office to Regular Office First, we are assuming you have established...
Continue reading
  917 Hits

Standard Mileage Rate vs Actual Expenses - Houston Business CPA

Standard Mileage Rate vs Actual Expenses - Houston Business CPA
I was asked today, what expense item is handled wrong most often by SMB's (small to mid size businesses). That was easy for me to answer......deduction of vehicle expenses. What is logical to most business owners is not what the tax code says you have to do, so it is easy...
Continue reading
  962 Hits

Deduct Your Child's Summer Camp - Houston Business CPA

Deduct Your Child's Summer Camp - Houston Business CPA
If you're in Texas and you've been outside lately - you know what time of year it is... Summer. With the summer heat comes your children's summer break from school. Keeping your children entertained while you are working can be quite a balancing act, which is why many of our clients...
Continue reading
  994 Hits

Affordable Care Act Employer Mandate Delayed until 2015

Affordable Care Act Employer Mandate Delayed until 2015
On Tuesday, the Treasury Department unexpectedly announced that it will not be enforcing the Affordable Health Care Act Employer Mandate until 2015. The Employer Mandate requires all businesses with 50 or more "Full-Time Equivalent" employees to provide affordable health care coverage to their workers or pay penalties. This was originally supposed...
Continue reading
  1091 Hits

Will DOMA Repeal Affect Your SMB? Houston Business CPA

Will DOMA Repeal Affect Your SMB?  Houston Business CPA
This week, the Supreme Court made a landmark decision regarding the Defense of Marriage Act "DOMA". Like the Health Care Act, SMB's (small and mid-size businesses) will be feeling its impact for some time. What is DOMA? DOMA is the Defense of Marriage Act and was signed in to law in...
Continue reading
  956 Hits

Small Business Crisis Management - Houston Business CPA

Small Business Crisis Management - Houston Business CPA
Lately, there seems to be a new national scandal or crisis in the headlines on a daily basis. Our government agencies have been filled with them. We've got Benghazi, IRS targeting certain groups, the NSA surveillance of American citizens, & the DOJ recording AP journalists phone calls. This epidemic of government...
Continue reading
  878 Hits

Create a Culture of Commitment & Accountability - Houston Business CPA

Create a Culture of Commitment & Accountability - Houston Business CPA
Like most of you, I believe that no matter how well I'm doing, I can always do better. Lately, I have been studying how to get more commitment and accountability out of each person that works here at Fisher CPA Firm, a Houston area CPA Firm. Here is what I have...
Continue reading
  966 Hits

Good Bankers Are Hard to Find - Houston Small Business CPA

Good Bankers Are Hard to Find - Houston Small Business CPA
Many of our Houston area Small Business clients find themselves in need of new funding for all kinds of purposes - working capital, business expansion, hiring and building additions, etc. But unless they have deep pockets, investors or cash in the bank, this means finding a loan. Many small business owners...
Continue reading
  892 Hits

Avoid Capital Gains Tax By Exchanging Real Estate with 1031 Exchanges - Houston Small Business CPA

Avoid Capital Gains Tax By Exchanging Real Estate with 1031 Exchanges - Houston Small Business CPA
The real estate market in Houston is heating up!!! Just one problem..... with the recent increase in capital gains tax to 20% in addition to the 3.8% Medicare Tax that was part of the Health Care Act, sellers will be taking home less money than they would have last year. As...
Continue reading
  956 Hits

Affordable Health Care Act Basics for Individuals - Houston Small Business CPA

Affordable Health Care Act Basics for Individuals - Houston Small Business CPA
Over the last couple of weeks we have been talking about how Obamacare, rising insurance premiums and compliance issues will affect Houston area small business owners - but what about regular employees? With over 2,300 pages, the law is far reaching and affects every citizen of the United States. The Individual...
Continue reading
  943 Hits

Small Businesses Face Compliance Issues with Health Care Act

Small Businesses Face Compliance Issues with Health Care Act
Most small business owners think that because they have less than 50 full time workers they are not impacted by this law. The fact is, everyone is impacted. The requirement to provide health insurance may not fall upon you as a business owner, but everyone is required to get some type...
Continue reading
  819 Hits

The Not-So-Affordable Health Care Act

The Not-So-Affordable Health Care Act
It has been a common misconception by many small business owners that because they have less that 50 employees, the Affordable Health Care Act will not impact them. That is true for many of the technical requirements, but not the cost. I am getting word from several health insurance agents that...
Continue reading
  822 Hits

Bon Voyage? Cruise into a Tax Deduction

Bon Voyage? Cruise into a Tax Deduction
In continuing our series on travel deductions, let's discuss how you can deduct that cruise you've been wanting to take! First off, you cannot deduct a cruise you take for pleasure purposes! You must have a business reason to be on that boat - whether it's a convention or seminar on...
Continue reading
  1045 Hits

Turn Your Business Trip into a Vacation

Turn Your Business Trip into a Vacation
This week we are continuing our series on Tax Deductible Vacations.  Last week we discussed how you can deduct expenses related to having your spouse accompany you on a business related trip.  Now let's step it up and see how we can deduct an entire weekend of vacationing using The Sandwich...
Continue reading
  867 Hits

Take a Tax Deductible Vacation

Take a Tax Deductible Vacation
This week I'd like to talk about something I really enjoy and that is deducting my vacation. You could say I enjoy deducting it as much as I enjoy taking a vacation. I know, you are probably thinking "he is such an unromantic nerd who gets excited about deducting a vacation"....
Continue reading
  952 Hits

Spouse Meal Deductions Not as Easy You Think

Spouse Meal Deductions Not as Easy You Think
A lot of my small business clients have spouses who work in their business or involved in the day-to-day business activities in some way. So, a frequent question I get is, "Can I deduct meals with my spouse if we talk business?"   The easy answer to this question is a...
Continue reading
  838 Hits

Maximize Your Meal Tax Deductions

Maximize Your Meal Tax Deductions
One of the most misunderstood business tax deduction is meals. Many of my clients - including myself like to entertain. Whether it's taking a business client to lunch or throwing a party for our employees - networking and building relationships is important to a small business. However, sometimes these activities can...
Continue reading
  1051 Hits

Small Business Owners Hire Your Child to Pay For College Tuition

Small Business Owners Hire Your Child to Pay For College Tuition
Last week we talked about implementing an Educational Assistance Program in your small business to help pay for your child's college. If that tax-saving strategy wouldn't work for your business situation, there is another strategy small business owners can use to build their kid's college nest egg. However, this tax strategy...
Continue reading
  941 Hits

Small Business Owners Can Deduct Children's College By Implementing an Educational Assistance Program

Small Business Owners Can Deduct Children's College By Implementing an Educational Assistance Program
Many of you know I have two children in college. One is completing his master's degree and the youngest is completing her Bachelor's degree. Both are doing well in school and I am very proud of them. I am fortunate in that my children both received lot's of scholarships to get...
Continue reading
  837 Hits