by Admin | Feb 7, 2025 | Tax Audit, Taxes
With the overwhelming news and outbreak of the COVID-19 pandemic, the deadline to pay your taxes has been extended by 90 extra days. It is a much-needed sigh of relief as health and financial uncertainty mounts. With the help of your local McAllen CPA, Abigail Y....
by Admin | Feb 7, 2025 | financial tips
Do you receive income from a pass-through business entity such as a sole proprietorship, an S corporation, partnership or limited liability company (LLC)? If so, you may qualify to deduct as much as 20% of that income from your taxes during the 2019 tax season. To...
by Admin | Feb 7, 2025 | Taxes
Accounting standards are the overall guidelines and regulations issued by governing bodies. The standards in question more or less control how a company records its finances, and they also show how it presents its financial statements and how it accounts for things...
by Admin | Feb 7, 2025 | Accounting Standard
In order to help meet the needs of U.S. citizens in this difficult time, the U.S. government has passed a relief package and put in place certain rules and regulations that guide how businesses should or can react to the COVID-19 crisis. Changes in bureaucracy and...
by Admin | Feb 7, 2025 | Taxes
When it comes to running a small business, strong cash flow is crucial. Business owners tend to underestimate how important managing cash flow is for their business’s success. Your cash flow helps you monitor and understand your business’s liquidity, flexibility, and...
