At ADKF, we pride ourselves on the relationship we develop with our clients as their trusted advisors and are proud to grow with them. Because of how important our clients are, we want to share their stories. We interviewed Ricardo Franco, co-owner and co-founder of Fantasy Lab. Fantasy Lab is a relatively new client of … Read more
It should come as no surprise that technology has changed significantly in the last few years. The Covid-19 pandemic forced the world to adopt technologies in a few short months, that otherwise may have taken years. Here are just a few examples of the tech used to make that happen. Artificial Intelligence Artificial Intelligence (AI) … Read more
Meet Michelle Lowe, SHRM-CP our Corporate Recruiter and Talent Acquisition extraordinaire. Michelle received her Bachelor of Science in 2003 with a major in Human Resources. She continued her education at the University of Phoenix receiving her Masters degree in HR Management and Marketing in 2009. While working in Human Resources, Michelle studied for, and became … Read more
We all like shortcuts, but there are some shortcuts that you should avoid. Do you ever skip adding the Vendor when you are categorizing your bank feeds or entering expenses in your accounting software (ie. Quickbooks, Netsuite)? Skipping the step of adding the Vendor when you initially enter the transaction may save you a few … Read more
In 2020, prior to the pandemic, the IRS released that they would target high-wealth taxpayers for audits. Per Accounting Today, effective June 27, 2022, the IRS will begin conducting field examinations in person again. In the past month we at ADKF have witnessed a drastic increase in the amount of IRS notices, including audit notifications. … Read more
Yes, a significant change will be appearing on your financial statements if you have operating leases. Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 842, Leases, is effective for private companies and nonprofit organizations annual reporting periods beginning after December 15, 2021. For most of us, this change will impact the financial statements dated … Read more
On August 16, 2022, President Joe Biden signed the Inflation Reduction Act of 2022. The bill provides investment in clean energy, promotes reductions in carbon emissions, and extends the Affordable Care Act insurance premium reductions. What does this bill mean for you and your business? The following outlines the most relevant general provisions of the … Read more
Over the past 30 years we have worked hard to create a solid client base and cultivate those relationships to be long term. Our workforce has steadily grown over the years, and we have officially surpassed the 100-employee mark. We have outgrown our current office space and are excited to relocate to the McAllister Plaza … Read more
At ADKF, we take pride in aligning with partners in the community that work day in and day out to better our surroundings. It is important for us to invest time and resources to help create awareness of these organization and recommend them to our friends and family. ADKF has been involved with Project MEND … Read more
Audit Partner, Joe Hernandez was born and raised in San Antonio. After graduation from Judson High School, he chose to stay in San Antonio and attend the University of Texas at San Antonio. At UTSA, Joe received a Bachelor of Business Administration in Accounting in 1993 and quickly jumped into public accounting, working for Ernst … Read more