The 2021 tax season is just a few weeks away; are you missing out on any deductions? There have been numerous changes to tax law over the past two years, and it can be difficult to keep up. Below is a brief summary of some of the changes that may affect your 2021 tax return. … Read more
ADKF is a philanthropic organization that encourages its staff to be a part of the community and give back whenever possible. Annually, we participate in numerous charity functions including: golf tournaments, festivals, shoot outs, and galas, among other events. One constant charity we are committed to is the United Way of both Bexar and Comal … Read more
With the holidays coming up, many people will receive gifts of new electronics, and every year a new product is touted, a new device is unveiled, and nostalgic items are re-launched with technological upgrades. Its easy to get caught in the keeping up with nature that surrounds the latest and greatest electronic innovations. While it … Read more
There has been a lot of news coverage regarding the new Advanced Child Tax Credit, but for many there are still some unanswered questions. Who is eligible? Who should opt out? Hopefully, this article will answer many of your questions. Every year, eligible taxpayers can receive a Child Tax Credit (CTC) when they file their … Read more
David Doherty is the D in ADKF; which opened its doors for business in July of 1991, but Davids story with ADKF begins long before this. David began his journey to ADKF ten years prior to opening, in 1981, at Ernst & Young (EY), a CPA firm commonly known as one of the Big Four. … Read more
Tax laws are ever changing from one administration to another. Customizing your chart of accounts to align with tax deduction categories is a great practice. This action not only helps your accountant at tax time determine what is deductible, but also helps your company make better cost savings or investment decisions based on what is … Read more
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 Brad Beldon, Chief Culture Officer and CEO of Beldon Roofing Company. This … Read more
If you are a new construction company you likely know about a Work-In-Process schedule, commonly referred to as a WIP Schedule. WIP schedules are an important aspect of construction accounting for tracking a project progress and profitability, but it is also an important component when it comes to financial statements. WIP schedules compose of a … Read more
President Bidens Build Back Better infrastructure framework, first proposed in the Spring of 2021, received a new coat of paint with a press release issued by the White House on October 28th, 2021. The latest version of the proposal is scaled back both in spending, $1.85b compared to $3.75b, and in tax reform. The most … Read more
According to the National Association of Realtors, the sale of homes in 2020 has increased by 22%! Many people are looking to purchase a home and for many, buying a home is one of the largest purchases they will make in their lifetime. Many people cannot afford to buy a home outright, meaning they will … Read more