At ADKF, we pride ourselves on the relationships we develop with our clients. We grow with them and are proud to be their trusted advisors. Because of how important our clients are, we want to share their stories. For this quarter, we interviewed Preston Woolfolk, Co-President of DOCUmation. DOCUmation has been our client for over … Read more
While much of the public is aware of a typical financial statement audit, they may not be aware that some organizations who provide benefit plans to their employees also require an audit of the benefit plans financial statement. What companies require this type of audit? Why are these audits important? What is the primary objective … Read more
Companies or organizations may be required to undergo compliance audits for a variety of reasons including government mandated requirements, grantor stipulations, HIPPA compliance audits, and workplace safety to name a few. The goal of these audits is to ensure that laws, regulations, and/or standards are being consistently followed. Preparing for a compliance audit can be … Read more
There are many things that come to mind when people think of Texasoil wells, BBQ, cattle, cowboys, football, the Longhorns. Even though it has the same five letters, one thing not associated with Texas is Taxes. This is because there isnt an individual income tax imposed on its residents. Businesses, on the other hand, are … Read more
Audit Supervising Senior, Melanie Gamez, is a native San Antonian. She has been in public accounting for the past thirteen years. Melanie originally found her passion for accounting while attending Business Careers High School, where they offered elective accounting courses. She completed Principles of Accounting I through III, then followed her passion for accounting by … Read more
If you are a certified professional in your field, you are likely familiar with and required to take Continuing Professional Education courses (CPE) each year to maintain your certification or licensure. Certified Public Accountants (CPAs) must do so as well. At ADKF, our accountants must stay up to date on recent legislation, changes to current … Read more
The year 2020 will be remembered for all the wrong reasons. Though COVID-19 reigned supreme as the number one issue, there were many devastating natural disasters that occurred during the year as well. There was the record setting Atlantic Hurricane season, wildfires (especially in California), floods, tornadoes, blizzards, and record heat just to name a … Read more
Are you considering investing in the oil and gas industry in 2021? We have put together a little insight on the industry, the price volatility and how the economy plays a role. The O&G industry is dependent on the economy and due to COVID-19, it has felt the impact of decreased profits due to government … Read more
Do you need help finding a Chief Financial Officer (CFO) you can rely on? Are you tired of using recruiters who just send you the first resume to hit their desk? For a fee similar to using a recruiter, ADKF can discreetly recruit for you and perform initial interviews to test the candidates knowledge. This … Read more
Christmas, birthday, and celebratory presents are all gifts we have given to our family and friends and probably never once considered the gift tax implications. For the most part, gifts to individuals are negligible and gift tax rules do not apply. However, if you are doing some hefty gifting to someone other than your spouse, … Read more