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CPA & Accounting Topics for Business

Change is inevitable, are you prepared? - CPA The Woodlands can help.

Change is inevitable, are you prepared? - CPA The Woodlands can help.
Answer these questions when change is coming   Change may be constant in life and business, but resistance to change is pretty constant, too. Whether you’re replacing the key to the front door, acquiring an entirely new business unit or a new software system, your employees want to know what they...
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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 But...
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Improve Cash Flow with Cost Segregation - Houston Commercial Real Estate CPA

Improve Cash Flow with Cost Segregation - Houston Commercial Real Estate CPA
As many of my small business clients know, Section 179 expensing dropped significantly to $25,000 beginning in 2014 and Bonus Depreciation expired. These deductions were very popular tax strategies my small and midsize business clients used to keep more money in their pockets. With these not being available I have been...
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2014 Standard Mileage Rate and Other Annual Tax Adjustments - Business CPA in The Woodlands, TX

2014 Standard Mileage Rate and Other Annual Tax Adjustments - Business CPA in The Woodlands, TX
Every year, the IRS adjusts the rates for many tax provisions because of inflation. Beginning January 1, 2014, the standard mileage rate will decrease by a half a cent from the 2013 rates to 56 cents per mile. The rate for medical and moving purposes also decreased to 23 cents per...
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1099-K... Another Reason to Keep Accurate Records

Most of you are familiar with Form 1099. As you know on your tax return, you always want to declare sales greater than your total 1099's received.

However, there is a new form in town.... the 1099-K and it doesn't play fair.

In 2008, President Bush signed into law a bill known as The Housing and Economic Recovery Act of 2008. Now businesses that accept credit and debit cards (or 3rd party networks, such as Paypal) when making sales to customers are receiving this form from their credit card processing company. The 1099-K reports the total gross payment transactions for the year........

So what does this mean to the small business owner?

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