Purse snatching is a crime of opportunity, but you can take steps to help protect yourself. Start by leaving these items at home: Social Security Card – Your name and social security number are all a thief needs to steal your identity. Spare Keys – Since your drivers license has your address, a thief now … Read more
If it isn’t bad enough owing back taxes and receiving notices of the ever-growing interest and penalties but, to make things worse, the Internal Revenue Service (IRS) has collection methods that can wreak havoc on your daily life. In the arsenal of collection methods exploited by the IRS are Federal tax liens, a levy on … Read more
The COVID-19 pandemic disrupted everything from education to business as we know it. Here are some considerations as you continue to run your small business during these challenging times. VIRTUAL VS. IN-PERSON With stay at home orders, lockdowns and temporary closures, your employees had to work remotely to keep business running relatively smoothly. Now that … Read more
Unfortunately, some parents believe that if they died prematurely guardians for their child(ren) would automatically be the Godparents. This may be their wishes, but unless they properly draft legal documents, the court will decide what happens to the childrenand your assets. SET UP A TRUST While you can name a guardian in your will, you … Read more
As these last few months have shown us, the world is indeed changing and with it, we may need to change the way we exchange our money. Similar to how the credit card changed the way our money is exchanged, cash apps such as Zelle, Venmo, and Square are here to do the same. As … Read more
We are excited to welcome Kim McLaughlin to the ADKF Family. Kim is a native Texan with over 18 years of bookkeeping experience. Before joining our firm, Kim owned and operated her own bookkeeping service business. She earned her Associates in Business Management with a minor in Computer Technology from the Denver Institute of Technology. … Read more
Did COVID-19 change your plans to work? Layoffs, forced retirement, reluctance to return to the office to dodge exposure or being an early survivor. Whatever the reason, retiring before planned is stressful and requires a lot to think about and do. BUDGET REVIEW Look at how youre spending money. Are there expenses you can eliminate … Read more
ADKF is excited to announce promotions for the 2020 Fall Promotion Season. Please help us congratulate them for their efforts. Tax Department Promotions: Adrianna Flores, Nolann Cervantes, and Erin Bryant, CPA each to Tax Senior. Audit Department Promotions: John Berryman to Audit Senior. Administrative Department Promotions: Annette Rocha to Senior Office Coordinator, Stacey Headley to … Read more
Roth IRAs offer many benefits, including federal income tax-free withdrawals, provided you follow the rules. You can convert a traditional IRA to a more flexible Roth IRA, but it will trigger a significant taxable event. TAXES Because contributions to a traditional IRA are tax deductible and earnings are tax deferred, youll have to pay income … Read more
It’s hard to believe 2021 is right around the corner! Over the next few months, to help you navigate the upcoming year, we will be sharing personal financial tips to our Facebook and LinkedIn pages, written by our Personal Services Division (PSD) Manager, Nancy Meza, CPA. We hope you will find value in our tips … Read more