Raul Torres, CPA

IRS agents are assigned official identification cards known as HSPD-12 cards. Someone is likely falsifying their identity if they cannot provide it. If they claim to be someone you know, hang up and call that person directly. Scammers aim to get your emotions heightened so you aren’t thinking clearly. Slow down, stop the conversation, and speak with someone you trust. Report any fraud to the IRS or the Federal Trade Commission. More questions on tax time safety tips? Contact us at (361) 854-0822.

Business owners: Do you need both an accountant and a bookkeeper to help manage your finances? While they basically have the same goals when it comes to assisting your business, there are differences in their responsibilities. Bookkeepers mainly focus on recording daily transactions, sending invoices, processing payments and reconciling accounts, while accountants use this data to create financial reports and help the business owner make long-term decisions. Contact us today at (361) 854-0822 to find out how our team can help you reach your financial goals.

A will, trust, power of attorney, beneficiary designations, healthcare orders, and tax planning are all commonly included in estate planning. Contact us today at (361) 854-0822 for more information about our services.

Tax season is a stressful time for a lot of us; however, by planning strategically and making informed tax decisions ahead of time, you can reduce the risk of accumulating tax debt and more easily navigate the complex world of taxation. Make these smart money moves to maintain financial stability for years to come. https://bit.ly/41uRygB

It's an honor and a blessing to be recognized as an outstanding CPA firm. We have amazing staff and clients. Thank you all for allowing us to serve. God is very good.

We are committed to your success and provide a comprehensive range of business consulting services to assist you in making strategic decisions. The days of manual business processes are over; we help you make better judgments on-the-spot which lead to profitable business ventures. Get real answers from a business consultant! Give us a call at (361) 854-0822.

In colonial America, bookkeepers used waste books as part of the traditional bookkeeping method. It consisted of a daily diary of every transaction made in chronological order. It was intended for temporary use only and once the information in it was transferred to an account journal, the waste book was unneeded. Fortunately, today we no longer need waste books thanks to double-entry accounting! Let us help you with your books by giving us a call at (361) 854-0822.

Many companies use independent contractors, but you must be careful to handle them properly. If the IRS determines that you misclassified workers, you may owe back taxes and penalties plus you may have to provide expensive fringe benefits. In general, workers are considered contractors if you have little control over how they get the jobs done. Call us at (361) 854-0822 for advice on how to protect yourself when classifying contractors.

Risk management is an essential aspect for businesses and individuals as it helps identify impacts to your financial goals. Despite its popularity and importance, there are quite a lot of commonly made mistakes by organizations when it comes to risk management. Avoiding these mistakes can assist you in maintaining a robust and successful business strategy. https://bit.ly/3RQxNvE

For the tax year 2024, a nonrefundable clean vehicle (CV) tax credit of up to $7,500 is available for buying certain new fully electric, plug-in hybrid and fuel-cell electric vehicles. Alternatively, a credit of up to $4,000 is available to taxpayers purchasing eligible used vehicles. Vehicle eligibility and the size of the credit depend on factors such as the cost of the vehicle whether it satisfies certain manufacturing requirements and the taxpayer’s annual income.