Ray recently received a letter from the IRS, saying that he underpaid his 2017 taxes by a few thousand dollars, which he wants to dispute. What are his next steps? Can his tax professional help him resolve this dispute with the IRS? For starters, Ray shouldnt panic. Instead, he should consult a tax professional to … Read more
the SACPA Society’s IDEAL 2.0 Program! We asked him to write about his experience. During this past summer and fall, I was privileged to be able to attend the San Antonio CPA Societys Institute for Developing Excellence in Accounting Leadership 2.0 (IDEAL 2.0) program. The program covered a broad range of topics that taught me … Read more
The beginning of another year means its time to get ready for the annual task of filing your tax returns. Whether you file as an individual, a business or both, you can get a head start by working with a tax professional to find every tax break to which youre entitled. GETTING READY If youre … Read more
Many people make resolutions to coincide with the advent of the New Year, including becoming more financially secure. If you want to improve your financial outlook, now is a good time to take steps to achieve this goal. TAP THE EXPERTS You go to a doctor for medical care and a mechanic to fix your … Read more
We are so excited to welcome back to ADKF, Ivan Solis! He first started with ADKF as a Tax Intern during the Spring tax season of 2018, where he received hands-on tax experience. I had an amazing internship with ADKF. Having obtained his Masters of Science in Accounting, Tax Track, from the University of the … Read more
Retired Tax Manager, Wayne Bachman, CPA, returned to ADKF to teach a 3-part lunch-and-learn series on Oil & Gas Taxation. Wayne was a contract employee with ADKF from March 2004 through June 2009. He then was a full-time family member from July 2009 through April 30, 2018, when he retired. We are grateful to have … Read more
Your business is changing, and so are your real estate needs. Maybe the office building you own is too small with the growth in employees? Or maybe you own multifamily housing units and want to change your investment strategy to commercial real estate? So how do you make these investments and keep the equity out … Read more
Our generous ADKF partners, David Doherty and Tom Akin, recently raffled off two pairs of tickets and parking passes, to the highly anticipated Alamo Bowl, held on December 31st, 2019. Our lucky winners were Tax Intern, Dafne Ramirez and Tax Staff, Maria Morales! The season closeout college game, between the Texas Longhorns, and the Utah … Read more
Nonprofit organizations received great news to start the new year. The 2017 Tax Cuts and Jobs Act disallowed a deduction for parking expenses paid by the employer, and for several nonprofit organizations, increased their unrelated business taxable income (UBTI). The increase in UBTI resulted in nonprofits filing a Form 990-T and paying a UBTI tax. … Read more
ADKF had a fantastic year! From beginning to end, there was hard work balanced with lots of fun. In December, the staff gathered for some fun at the firm holiday party, as well as teaming up for a Secret Santa celebration in the office the final weeks of December. We are excited for the new … Read more