A quick guide for Texas small businesses for the latest tax law changes and its impact to your financial targets ..read more

Want to know how to choose an accountant in Houston? Check out these practical tips to find the best CPA for your business needs ..read more

Be updated about depreciation and tax laws of Texas real estate! Read this and see what might impact your financial planning in 2025 ..read more

Learn to leverage a 1031 tax exchange to defer capital gains taxes. Read the steps to ensure a smooth and successful exchange process ..read more

Avoid costly errors in your business's IOLTA accounting. Stay informed and learn the 3 most common mistakes to prevent issues before they arise ..read more

Many owners of small businesses would love to see a family member take over their business. If you have children, grandchildren, nieces, or nephews that you think might be interested in running the business in the future, you can help lay the groundwork for that potential transfer of ownership in several ways. Use the following ..read more

Science fiction movies and books may portray artificial intelligence as a human-like giant brain with thousands of wires coming from it that control whole cities and their populations. The reality today is that artificial intelligence is unobtrusive, everywhere, and we are interacting with it multiple times daily without always recognizing that we are. Artificial intelligence ..read more

ROTH 401ks are powerful tools for business owners. In fact I use this strategy myself each year as part of my overall financial strategy. Here is the simple math even if you start today. You contribute $23,000(2024 Rules) to a ROTH 401k account, if you are on the business payroll. If that money were to grow at 8% a year on average which is conservative because the S&P500 averages 10% since inception. Then over the next 30 years, until you are ready to retire, you would have over 2.7M in savings. Now as you retire and withdraw funds yearly this money is tax free! Lets say your business is d ..read more

Inflation continues to  chip away at business profitability and therefore cashflow. What is worse is that it does not seem like it is going away anytime soon. The Fed has maintained its elevated interest rates and the recent stats show inflation is still above the Feds target rate. What should you be doing for your business to survive and thrive in this market? Design a plan to drive more revenue to your business by ensuring you understand the key drivers for new patients or clients. Always be focused on the top line as that is the hardest get consistent Once the topline is optimal focus ..read more

Are you the only employee of your 1 man S Corporation? Well there is a unique tax straegy for you to super charge your tax deductions and save for retirement! For small business owners operating as S Corporations and serving as the sole employee, the Solo 401(k) retirement plan presents a compelling opportunity to achieve significant tax advantages while building a secure financial future. Tax-Deferred Contributions One of the primary advantages of a Solo 401(k) for S Corporation owners is the ability to make tax-deferred contributions. As both the employer and employee, you can contribute up ..read more