It is hard to believe that we are wrapping up yet another quarter here at ADKF! Despite the seemingly short summer season, we were sure to make the most of it. With a multitude of learning sessions, the implementation of several new internal programs, and a continued involvement in our community, the entire ADKF team … Read more
Bookkeeping is the backbone of every successful business, providing entrepreneurs with vital financial insights which serve to inform key business decisions and maintain regulatory compliance. From deciding whether you have the cash flows to make your next big investment to weathering economic fluctuations and thriving in the long run, a well-established bookkeeping system will allow … Read more
There are some things in this world that are certain: The sky is blue, the grass is green (unless its summer in South Texas), and businesses want to make more money. In previous years, professional services, such as public accounting firms, could rely on referrals to maintain a stream of clients and profit. However, with … Read more
Service. Knowledge. Relationships. These are just a few of our core values. However, to claim these values as our own, it is imperative that we live up to the standards in which these words dictate. We do so by partnering with outstanding clients whose mission it is to make the world a kinder place for … Read more
In today’s rapidly evolving technological landscape, businesses face ever-growing cybersecurity challenges. Strong data security measures must be in place to protect sensitive information and ward off cybercriminals. This article aims to summarize essential practices that businesses can implement to safeguard their data. These foundational security measures can help businesses reduce risks and respond to incidents. … Read more
So, you are receiving Social Security benefits, however, you are not sure if this income is subject to federal income taxes. According to the Social Security office, paying taxes on Social Security benefits only happens if there is other substantial income reported on the tax return, such as wages, self-employment, interest, dividends, or other taxable … Read more
Tax identity theft is when someone illegally uses your social security number (SSN) to file a fraudulent tax return in your name. Thieves do this in order to steal money from the United States Treasury in the form of a tax refund on your behalf. These are typically not individual thieves, rather organized criminal enterprises … Read more
Briana Costa – one of the leading faces of ADKFs CAS (Client Accounting Services) team! Brianna took a roundabout way to reach Texas and ADKF, but she is an integral part of our team. Born and raised in Massachusetts, she moved to Colorado and eventually Portland, Oregon. Originally, she felt destined to follow in her … Read more
Passive income: Something that every investor strives for because what better income is there than income earned by doing nothing at all. Publication 925 defines passive activities as trades or businesses in which you do not materially participate in, such as businesses that you do not manage or operate yourself, investments, and real … Read more
When most people hear the world gambling, they automatically think of Las Vegas and casinos. However, when the IRS thinks of gambling, they refer to all different forms of gambling such as horse races, casinos, sports betting, raffles, and lottery winnings. Additionally, gambling winnings can come in different forms as well. For example, cars, trips, … Read more