CPA Blog

CPA & Accounting Topics for Business
Oct
09

Smart Businesses Separate Business & Personal Accounts

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One of the biggest mistakes small business owners make is commingling business and personal funds. They fail to set up separate business-only bank accounts. They may pay for business expenses out of a personal account, or vice-versa. When tax time rolls around, these entrepreneurs find themselves in a self-created mess trying...
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1261 Hits
Feb
16

What Makes a Gift Taxable?

What Makes a Gift Taxable?
Taxpayers who give money or property to others may wonder about the federal gift tax and if it applies. Most gifts are not subject to the gift tax. Here are seven tax tips about the gift tax and giving: Nontaxable Gifts. The general rule is that any gift is potentially taxable....
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  1762 Hits
1762 Hits
Oct
09

Houston Businesses Making the Most of Miscellaneous Deductions

Houston Businesses Making the Most of Miscellaneous Deductions
What do we mean by “miscellaneous deductions”?Miscellaneous deductions are tax breaks that generally don’t fit into a particular tax category. They can help reduce taxable income and the amount of taxes owed. For example, some employees can deduct certain work expenses like uniforms as miscellaneous deductions. To do that, they must itemize their deductions...
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  1319 Hits
1319 Hits
Feb
05

How to Deduct Travel Expenses

How to Deduct Travel Expenses
When it comes to travel expenses related to your business, the IRS allows you to deduct two types: local and “away from home”. Local You can deduct local transportation expenses incurred for business purposes such as the cost of getting from one location to another via public transportation, rental car, or...
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1735 Hits
Jan
19

Watch Out For These Recent Tax Scams

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There’s an array of evolving tax scams related to identity theft and refund fraud that you need to be aware of. Here are some of the latest schemes: Requesting fake tax payments: The IRS has seen automated calls where scammers leave urgent callback requests telling taxpayers to call back to settle...
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1247 Hits
Jan
08

Follow These Rules For Your IRA

Follow These Rules For Your IRA
Being the start of a New Year, everyone makes New Year Resolutions, and this year all I ask is that you make your exit strategy and retirement plan one of them. We can help you start that process and evaluate your current IRA if you have one. Setting up an IRA...
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  1541 Hits
1541 Hits
Dec
11

Home is Where the Tax Breaks Are

Home is Where the Tax Breaks Are
  Are you a homeowner? Take a look at the following list of tax breaks. There may be some here that you don’t know about. Questions? Ask us. Mortgage Interest. If you own a home with an unrelated taxpayer, you are now each entitled to a mortgage interest deduction of up...
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1349 Hits
Nov
28

Just Married or Re-Married? These Tax Tips Are For You

Just Married or Re-Married? These Tax Tips Are For You
Congratulations, newlyweds! While it may not have been on your registry, we’re pretty sure you’ll appreciate the gift of these tips to help you avoid trouble at tax time: Has it Been a Year Already? If you were married anytime in 2017, the IRS considers you to be married for the...
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1316 Hits
Nov
15

Traditional or Roth IRA: Which One to Fund Your Retirement?

Traditional or Roth IRA: Which One to Fund Your Retirement?
Looking to fund your retirement with an IRA? You should know that there are two types: Traditional and Roth. Which is right for you? Following are some important details to help you decide: Are You Eligible? Any person with income from wages or self-employment can contribute to an IRA – either...
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  1480 Hits
1480 Hits
Oct
09

Debt Management Tips for Small Businesses of Houston, Texas

Debt Management Tips for Small Businesses of Houston, Texas
According to a 2016 study by Experian, the average U.S. small business owner has $195,000 of debt. Some debt is a natural part of doing business. For example, a business loan, line of credit or business credit card can enable you to purchase equipment, hire employees, and finance growth. Too much debt, however, is risky business,...
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1406 Hits
Oct
09

IRS Tips for Preparing for Natural Disasters

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Hurricane season is here, and with it the Internal Revenue Service offers the following advice to taxpayers who may be affected by storms and other natural disasters: Update Emergency Plans. A disaster can strike at any time, so be sure to review emergency plans annually. Personal and business situations change over time, as do preparedness needs. When employers hire new...
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  4263 Hits
4263 Hits
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About You

Over decades of working with various types of businesses we have discovered Fisher is the perfect fit for clients who demonstrate the following characteristics.

1

Your business has already proven to be successful through continued growth.

2

Your market has a real need for your product and/or service.

3

You are an independent thinker.

4

You are not a follower but instead you tend to lead or aspire to lead in your market.

5

You understand the importance of learning how to improve your financial navigation.

6

You are teachable despite of your previous success and you continue to seek personal development.

7

You are actively seeking to improve your business.

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