Author Archive

Home / Author's Article(s) / Mike Smith

Last week, we discussed 3 Tips You Must Read Before Donating to Charity as part of our Houston Bookkeeping tip series. We shared the issue with phony charities, the basics of giving, as well as how charitable giving affects your taxes. This week, we will continue in that thread to show you how to make […]

According to the IRS, an organization qualifies as a charity if 35% or less of its income goes to administrative expenses such as salary and operating costs, with the remaining 65% going to the cause they claim to support or fight. With over 1.1 million charities in the United States alone, it can be confusing […]

Unfortunately, the new tax law will not affect the taxes you file this year, aka your 2017 taxes. The new law will go into effect for this year’s taxes in 2018. You may see an immediate uptake in your next paycheck, as your employer may adjust for lower rates. The new lower rates only apply […]

As part of our Ask a Houston Bookkeeper series, we are going to answer one of the most commonly asked questions this time of year. It is simply: when will I get my tax refund? Those of you who are due back a sum will be in the midst of anticipating your check. We will […]

It’s that time of year again. The beginning of a New Year brings promise, as well as the prospect of filing your business taxes. We have a new tax bill, but it does not go fully into affect until tax year 2018. In the meantime, we are here for those of you who need help […]

It’s never easy to do your own taxes even as software becomes more user friendly with each passing year. Financial status grows to become more complex as you age, buy a house, get a promotion, invest, start a family, etc. As each scenario adds a level of difficulty to your finances, so too it effects […]

The Tax Cuts and Jobs Act will be signed by The White House as an official law soon. Once enacted, it will change the tax strategies of everyone from individuals to large corporations. All will work to reduce taxes they paid in the past will be updated with plenty of opportunities to do so in […]

We have found a disturbing trends in scams 2017. A new group of low lives have been targeting veterans to our outrage. If you are veteran or know one, we urge you to read the following carefully. We will be focusing on these new scams, how they are targeting vets, and what you can do […]

The busiest shopping days are upon us. As experts providing bookkeeping services, we know all about when it is best to save and best to spend. With 2017 Black Friday, Thanksgiving, and even Cyber Monday upon us, it is imperative you read the following before spending a dime.

Business accounting scams are becoming increasingly common and just as annoying. As the number of new fraud schemes continues to rise, so do the number of businesses left with a lot of lost time and capital when all is said and done. Learn how to protect yourself and your business from these 7 accounting scams.