CPA Blog

CPA & Accounting Topics for Business

What is Cyber Security Insurance? And Does Your Business Need It?

What is Cyber Security Insurance? And Does Your Business Need It?
There’s no shortage of information out there on how to protect your business from a cyberattack, and a strong defense is crucial. But what if you never get around to taking technological preventative measures and your business gets hit? Or what if the cyberattack has already happened? According to the...
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Success: It’s All in the Ears

Business Consulting in Houston
Success: It's All in the Ears - Business Consulting of The Woodlands Coaches, books, seminars, podcasts, mastermind groups. They’re all wonderful ways of learning how to be successful in life, both personally and professionally. However, there’s one unbeatable tool that gives the best hints in every situation, and it’s already...
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From Where I Sit: January 2015

From Where I Sit:  January 2015
  Happy New Year! Welcome to 2015 and to our new "From Where I Sit" newsletter! We are now offering this extended monthly edition which is only available to our clients and subscribers. Each monthly newsletter will cover a variety of topics from national/local news stories that could affect you...
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College Tax Credits and Deductions - Tax Return Houston

College Tax Credits and Deductions - Tax Return Houston
Last week, we talked about tax strategies you can use to offset some of the costs of your child's education. This week, we'll go over the credits and deductions offered for higher learning, like college and trade school. First, the difference between a credit and a deduction.... A tax credit...
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Your Vacation Home - Tax Services Spring Tx

Your Vacation Home - Tax Services Spring Tx
In a previous article, Tax Advantages of Owning a Vacation Home , we described some tax advantages of your vacation home depending on if it is considered a personal residence or an investment property. This article is intended as an extension on the previous article to describe how to sell...
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Section 105 Medical Reimbursement Plans - Houston, Texas Small Business CPA

Section 105 Medical Reimbursement Plans - Houston, Texas Small Business CPA
In today's times, it is very hard for small business owner's to compete with big business when it comes to recruiting high value employees. While we will probably never be able to compete when it comes to big benefit packages, we still have a few tax "tricks" up our sleeve...
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Tax Treatment of Real Estate Lease-Options - Houston Real Estate CPA

Tax Treatment of Real Estate Lease-Options - Houston Real Estate CPA
With all the new construction in and around Houston, some homeowners and investors are having a difficult time selling their old, less desirable properties. This means some of the less popular Rent-to-Own arrangements are necessary in order to sell this property. For the purpose of this article, we are going...
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Most Audit Rates Decline While Partnership Audits Rise - Houston Business CPA

Most Audit Rates Decline While Partnership Audits Rise - Houston Business CPA
Your chances of having your tax return audited is now the lowest in years. At least that is what the latest headlines are telling you. In 2013, the IRS audited fewer returns than they have since 2005, and the number of individual returns is expected to drop again this year...
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2013's Strange and Unusual Tax Deductions

2013's Strange and Unusual Tax Deductions
Last month, the Minnesota Society of Certified Public Accountants issued the results of its annual CPA member survey about the most strange and unusual tax deductions proposed by clients. Responses included everything from pets and wedding rings to gifts not given. So today, we are sharing with you some of...
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Staring at the Sun

Staring at the Sun

On the early morning of March 19, 2014, my father, Brent Fisher, passed away. Dad was a very unique man. He was a thoughtful, deeply spiritual man who was totally devoted to God and those in need. Dad was not a wealthy man as many define wealth. But the gifts...
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The IRS List Biggest Threats In Annual "Dirty Dozen" - The Woodlands CPA

The IRS List Biggest Threats In Annual "Dirty Dozen" - The Woodlands CPA
Last week's article,  Protect Yourself from the IRS's "Dirty Dozen" - Houston CPA , was about six tax scams taxpayers need to watch out for throughout the year. This week, let's talk about the other six tax scams that top the IRS's Dirty Dozen list - These feature scams that...
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Protect Yourself from the IRS's "Dirty Dozen" - Houston CPA

Protect Yourself from the IRS's "Dirty Dozen" - Houston CPA
Every year the IRS releases their "Dirty Dozen" list of the top tax scams tax payers encounter throughout year - not just during tax season. This year half of these "Dirty Dozen" scams are targeted directly towards innocent tax payers while the other 6 are trying to scam the IRS....
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Bitcoin... A New Currency?

Bitcoin... A New Currency?
Have you seen this image while shopping online lately? The "Bitcoin Accepted Here" button is popping up across the internet. Some big sites like Overstock.com and many smaller boutique sites are beginning to accept Bitcoins as payment, which makes me wonder - How are these companies accounting for and paying...
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Goals... How to Score at Work and in Life

Goals... How to Score at Work and in Life
In addition to our "From Where I Sit" email and blog, we also publish a print-edition monthly newsletter, "Straight Talk About Small Business Success." We have now decided to occasionally share a "Straight Talk" article with our "From Where I Sit" readers. The following article was originally published in the...
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Microsoft Retiring Windows XP - The Woodlands CPA

Microsoft Retiring Windows XP - The Woodlands CPA
Last year, Microsoft announced that they will officially "retire" Windows XP on April 8, 2014. Once fully retired, you will no longer be able to purchase or download XP, receive technical support or critical security updates and vendors will likely not support products that are running on XP. However, this...
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Stick With Those New Year's Resolutions - Houston Small Business CPA

Stick With Those New Year's Resolutions - Houston Small Business CPA
With each new year, we are given the opportunity to wipe the slate clean and make significant changes to our life - changes that can effect our personal and business success. If you haven't set your 2014 business goals or are having trouble sticking with the ones you've already set;...
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Tax Benefits of Marriage

Tax Benefits of Marriage
Earlier this year, I posted an article on The Marriage Tax Penalty . Most of you know that I am engaged to be married, so this is a subject very near and dear to my heart. The marriage tax penalty is a result of our progressive tax system. As your...
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Beanie Baby Tax Scandal

Beanie Baby Tax Scandal
Beanie Baby creator, Ty Warner has agreed to plead guilty to hiding more than $93 million in a secret United Bank of Switzerland (UBS) account. According to the charges, the money was hidden between 1996 and 2002 - the years of the Beanie Baby craze! In 2002 he transferred the...
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Real Life Breaking Bad Busted by... the IRS? - Houston Business CPA

Real Life Breaking Bad Busted by... the IRS? - Houston Business CPA
AMC's Breaking Bad is the story of Walter White, a struggling high school chemistry teacher who is diagnosed with inoperable lung cancer. He turns to a life of crime, producing and selling methamphetamine in order to secure his family's financial future before he dies. After Walt's wife finds out about...
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What is Johnny Manziel & his LLC's Game Plan? - Houston Small Business CPA

What is Johnny Manziel & his LLC's Game Plan? - Houston Small Business CPA
Last week, we wrote about Johnny Manziel's potential problem if he does not declare the money he (allegedly) received for signing autographs. Now that the NCAA has decided to not pursue the matter any further with his first half of the Rice game suspension, the door appears to be closed...
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