INSIGHTS FOR A STRONGER TOMORROW
Business Blog
Practical tax insights, business strategies, and real-world guidance from the Houston CPA.
A BBA partnership correction takes more than changing percentages. Follow the AAR, partner-statement and Form 8978 work in the right order, with clearly labeled illustrative examples.
See how a business can earn $100,000 while cash falls by $10,000. Follow a worked example and use a free profit-to-cash worksheet.
A qualifying small business may deduct merchandise purchases before sale. Learn how payment timing, actual business records and method history control the answer.
An equipment reseller reportedly expensed purchases while an inventory balance stayed unchanged for years. This ongoing JAG case separates the current deduction method from the old-balance cleanup.
A real construction-tax review shows why cash accounting, contract methods and available income deferrals must be reconciled separately—and why the cash needed to pay the tax still matters.
A real JAG partner-buyout case, with fictional names, explains the seller tax, buyer asset basis, negative capital, and payments over time.
A home builder’s WIP balance does not decide whether cash, completed-contract, or percentage-of-completion applies. Start by separating spec homes from customer contracts, then test the contract year and exemption rules.
Missed Depreciation on Rentals? Amend vs. Form 3115 If you bought rentals in 2022–2024 and didn’t take bonus depreciation or cost segregation, you’ve got
Start with the question you want answered, what has changed and the records available. Use this checklist to prepare for a useful business tax planning conversation.
Bookkeeper in Houston TX: get your books up to date—without the headache If your books are behind or your QuickBooks file needs cleanup, start
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