Presidential Memorandums to Defer Payroll Taxes Through 2020 and Offer Other Financial Relief
On August 8th, President Trump signed four executive actions to provide Americans financial relief from the ongoing coronavirus pandemic. PAYROLL TAX DEFERMENT The presidential memorandum defers payroll taxes through 2020, retroactive to July 1, for individuals making less than $104,000 annually. At this time, the legality of the executive action deferring payroll taxes is in […]
Welcome, Senior Auditors Josue Pena and Chuck Kappmeyer!
ADKF is proud to welcome Senior Auditors, Josue Pena, and Charles Kappmeyer to the family! Josue is from Harlingen, Texas. He obtained his master’s degree from Texas A&M University. He has been practicing accounting for eight years and specializes in oil &gas, construction and manufacturing, benefit plans, pharmacy, and health care. Chuck Kappmeyer is a […]
End Recovery Chaos
You may have heard the phrase: “Don’t do something-sit there.” That may be sage advice for small business owners who have been hustling to keep their businesses afloat this year. Taking a day to step back and reevaluate your situation and create an action plan that helps move your business forward in an orderly way […]
What Is A Nexus Study and Do You Need One?
Wayfair is known not only for their broad selection of home décor but are now also famous for the South Dakota v. Wayfair, Inc. lawsuit from 2018. This case brought about the biggest change in sales tax legislation in the last 25 years. Sales tax nexus is the connection between a seller and a state […]
Must-Have Documents
Three legal documents – a will, powers of attorney, and an advance directive – are essential elements in an overall strategy to protect the ones you love, providing a measure of certainty when you can’t. An estate planning attorney can help you create and update these legal documents. WILL A will is the one document […]
Time To Regroup
Many of us may have avoided looking at our investment portfolios after the major economic disruption brought on by the closure of non-essential businesses. However, as you recover from shell shock, its important to review your financial situation. INVESTMENTS Financial market volatility can throw off asset allocation, so your portfolio likely needs some finetuning. Make […]
ADKF Sponsors Animals from Animal Defense League
Between filing tax returns and performing financial statement audits, the ADKF family also looks for new and rewarding ways to give back to our clients and serve our community throughout the year. ADKF has an appointed Volunteer Commiteee who work to plan a variety of philanthropic events. These events allow our staff, from multiple departments, […]
Kelly Boswell, CPA, is now a Certified Fraud Examiner!
ADKF congratulates Kelly Boswell, CPA, on obtaining her Certified Fraud Examiner certification! Kelly is our Tax Director and heads the Tax Controversy Department, which encompasses forensic accounting and litigation support services. Since joining ADKF in 2013, Kelly has proven herself a valuable asset to the firm through her dedication to her craft. Kelly currently serves […]
July 2020 Short Bits
PARENTS DOING TOO MUCH? According to a new Pew Research Center study Americans believe that young adults should be financially independent by age 22, but that is not the reality. The study found that only 24% of young adults were financially independent by age 22 or younger, compared with 32% in 1980. Also 45% of […]
Texas Unclaimed Property
Texas law requires that all businesses and organizations review their records annually to determine if they hold any unclaimed property and file a report with the Texas Comptroller. To ensure your business or organization is in compliance with the law, it is key to understand what unclaimed property is, when the deadlines are for filing […]