Retail and wholesale businesses often operate in challenging environments with high competition and very thin profit margins. To operate in this rigorous environment, you need a team who has a comprehensive knowledge of the industry and who can anticipate the upcoming challenges in new tax laws and regulations to fully prepare you for the years ahead. Our certified public accountants have extensive experience serving clients in the retail and wholesale industry, helping them navigate through the complexity of complying with such tax regulations as well as providing business solutions to help our clients sharpen the edge they have with their competition.
We work closely with our clients, delivering exceptional service to ensure that all of their accounting and tax needs are met so they, in turn, can continue providing the highest level of service to their customers.
We provide a comprehensive solution to solve all of their accounting needs from helping them manage their inventory, creating financial statements, as well as tax services, including providing tax advice, creating year-end projections to plan for the following year, as well as filing their tax returns to stay in compliance with both Federal and State regulations.
At ADKF we are committed to providing you with business strategies to help increase your efficiency as well as providing tax planning to reduce your tax burden for the years ahead.
ADKF currently provides the following services for our Retail and wholesale clients:
Tax return filing (state and federal)
Tax advise and tax planning
Review and attest services
Financial statement compilations
Business planning and valuation services
Welcome, Senior Auditors Josue Pena and Chuck Kappmeyer!
By Angela M. Jacquez, Marketing and Recruiting Specialist 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, […]
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 […]
By Kelly Boswell, CPA, CFE, Tax Director 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 […]
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 […]
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 […]
By Paula Heredia, Audit Senior 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 […]
Kelly Boswell, CPA, is now a Certified Fraud Examiner!
By Angela M. Jacquez, Marketing and Recruiting Specialist 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 […]
By Andrew Spraggins, CPA, Audit Manager 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, […]
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 […]
By Katherine Deck-Portillo, Administrative Assistant Dylan Boss was proud when he got his first nameplate at ADKF in 2011. At the time he was just an administrative intern with the sole responsibility to scan in client documents into the system. Over the past nine years, he has taken on more responsibilities and his nameplate has […]
Welcome to ADKF, Lily Xie, Meagan Esparza, and John Howarth!
By Angela M. Jacquez – Marketing and Recruiting Specialist We are excited to welcome two Audit Interns, and one Audit Senior to our staff this summer. We asked them to introduce themselves, and here’s what they had to say. “My name is Meagan Esparza. I graduated from University of the Incarnate Word. I have a […]
The COVID-19 pandemic provided a heightened awareness for the need to have an emergency fund. Because cash flow is key to survival, the government rushed to boost unemployment benefits and provide loans for businesses. Now, as we recover from the COVID-19 crisis and rebuild financially, one of your top priorities should be to build or […]
by Kelsie Tabbert, CPA, Tax Senior Many individuals spend their lives working hard to accumulate wealth to provide for their family and pass on their wealth to future generations. Without careful and thorough estate planning, your accumulated wealth given to your heirs could be substantially reduced due to estate and gift tax. Active planning should […]
Question #1: I have a couple side gigs and my only bookkeeping record is my checking account and charge cards. Where do I start to make tax preparation easier? Answer #1: With the higher standard deduction, it may or may not make sense to track expenses for the purpose of tax deductions. You can track […]
By Angela M. Jacquez, Marketing and Recruiting Specialist At ADKF, we pride ourselves on the relationships we develop with our clients. We grow with them and are proud of our clients, their accomplishments, and being their trusted advisors. Because of how important our clients are to us, we want to share their stories. Comet Signs […]
On average, only 40 to 60 percent of businesses recover after a disaster, according to FEMA. That is why having a disaster recovery and business continuity plan at the ready is so important. If you don’t have written plans to help you get back to business after the recent shutdown, take notes so you can […]
Do You Need Professional Representation for an IRS Audit?
By Kelly Boswell, CPA, Tax Director When going through the mail you see an envelope with the return address of the Internal Revenue Service (IRS), your heart sinks and you begin to panic as you realize you have been selected for audit. Remember, you have taxpayer rights which include the right to representation. In the […]
In order to help businesses and individuals cope with the fallout of the COVID-19 crisis, the IRS extended the 2019 federal tax filing deadline from April 15 to July 15, 2020. The extension also applies to 2019 traditional IRA and ROTH IRA contributions. Payment of 2020 first and second quarters’ estimated taxes is also postponed […]
By Eric McGraw, CPA, Senior Tax Manager Introduction This is an update to an article published on June 26th, 2020 on our website, titled “CARES Act – Retirement Account Provisions”. Early Withdrawals The CARES Act provided relief for penalties assessed on early withdrawals from retirement accounts. Eligible plan participants were able take an early distribution […]
Refinancing your mortgage could result in a lower monthly payment, especially with interest rates at a near historic low. Here’s what to consider before you decide: Rule of Thumb It usually makes sense to refinance if you can save 75 basis points, but consider the whole package, including points paid and closing costs. Job Stability […]