When you have a water leak you call in a professional plumber. When your car breaks down on the side of the freeway you take it to a mechanic. Those situations are common enough that most people would understand a professional is needed. However, when it comes to finances, many times people are left feeling … Read more
Are you a small business owner? Do you file your own business tax returns and handle your own IRS notices? Have you ever thought about hiring a CPA to help? Perhaps you have always filed your own business tax returns and handle your own payroll and 1099s. This is true for many small business owners. … Read more
In our quest to stay connected we have developed many forms of communication over the decades. From snail mail to phone calls to emails we have become increasingly reliant on quick responses from family, friends, and coworkers. At work we find ourselves not only needing to communicate quickly, but also effectively which has led us … Read more
While much of the public is aware of a typical financial statement audit, they may not be aware that some organizations who provide benefit plans to their employees also require an audit of the benefit plans financial statement. What companies require this type of audit? Why are these audits important? What is the primary objective … Read more
Companies or organizations may be required to undergo compliance audits for a variety of reasons including government mandated requirements, grantor stipulations, HIPPA compliance audits, and workplace safety to name a few. The goal of these audits is to ensure that laws, regulations, and/or standards are being consistently followed. Preparing for a compliance audit can be … Read more
There are many things that come to mind when people think of Texasoil wells, BBQ, cattle, cowboys, football, the Longhorns. Even though it has the same five letters, one thing not associated with Texas is Taxes. This is because there isnt an individual income tax imposed on its residents. Businesses, on the other hand, are … Read more
If you are a certified professional in your field, you are likely familiar with and required to take Continuing Professional Education courses (CPE) each year to maintain your certification or licensure. Certified Public Accountants (CPAs) must do so as well. At ADKF, our accountants must stay up to date on recent legislation, changes to current … Read more
The year 2020 will be remembered for all the wrong reasons. Though COVID-19 reigned supreme as the number one issue, there were many devastating natural disasters that occurred during the year as well. There was the record setting Atlantic Hurricane season, wildfires (especially in California), floods, tornadoes, blizzards, and record heat just to name a … Read more
Are you considering investing in the oil and gas industry in 2021? We have put together a little insight on the industry, the price volatility and how the economy plays a role. The O&G industry is dependent on the economy and due to COVID-19, it has felt the impact of decreased profits due to government … Read more
Do you need help finding a Chief Financial Officer (CFO) you can rely on? Are you tired of using recruiters who just send you the first resume to hit their desk? For a fee similar to using a recruiter, ADKF can discreetly recruit for you and perform initial interviews to test the candidates knowledge. This … Read more