A tried-and-true year’s end tax strategy is to make charitable donations. You can claim a charitable deduction as long as you itemize and your gift qualifies. But did you know that you can enjoy an additional tax benefit if you donate long-term appreciated stock...
The federal tax credit for “increasing research activities” didn’t change under the Tax Cut and Jobs Act (TCJA), but several TCJA provisions have an indirect impact on the credit. As a result, the research credit may be available to some businesses for the first time....
If you itemize deductions, and have enough expenses to exceed the applicable floor for deductibility, some of your medical expenses may be tax deductible. You may also be able to time controllable medical expenses to your tax advantage with proper planning. The Tax...
Whether it’s to reduce the size of their taxable estate, to help out family members, or simply to see their loved ones enjoy the gifts; many people choose to pass assets to the next generation during life. If lifetime gifts are something you’re considering, be...
Now that we’re in the last quarter of the year, it’s a good idea to review the deductibility of your business’s expenses. It’s also a good time to consider whether your business would benefit from accelerating certain expenses into this year. Be sure to evaluate the...
If you should find yourself in a position where you owe the IRS a good deal of money – don’t panic. You’re not alone. There are a lot of people who face the same situation. It could be because they didn’t have the cash available to pay the bill at the time, forgot to...
About Adam: After receiving his Bachelors in Accounting from the University of Alabama in 2005 and his Masters of Tax in 2007, Adam moved to the Washington DC area and worked with a “Big 4″ public accounting firm. This was a fascinating and formative time where he was able to work with, and advise, some of the biggest companies in America. A few years later, Adam moved to Fort Worth, Texas and began working for a small public accounting firm. It was there that he discovered he really enjoyed working with small businesses. The difference he could make in these businesses was extremely gratifying, which is why Adam has chosen to focus his practice primarily on small business accounting.
"Being a CPA has led me to meet and work with many wonderful people and ideas. I always look forward to putting that experience and knowledge to work for my clients every day.”