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Personal and business accounting may seem like something you can manage on your own, but often, utilizing the experience of an accounting professional can be helpful in avoiding costly mistakes. Read More »

Energy Rebates: A Potential Way to Save on Your Taxes

Posted on Wednesday, January 1st, 2014 at 2:50 pm.

When it comes to filing taxes, many people feel a great deal of stress, frustration, and even fear, especially if they believe they will have to pay a lot of money when they file their taxes. Fortunately, there are many money saving tricks out there that can help you possibly save on your taxes. In fact, one of the areas that many people fail to consider when it comes to saving money is energy rebates. Some ways you may be able to take advantage of energy rebates include.

  • Knowing the basics of any energy-efficient upgrades you get and how they may save you money.
  • Consult a contractor regarding which options are the best fit for you when it comes to choosing the energy-efficient upgrade you want to install, the specifics of your energy savings, and how much you can maximize the upgrades you’re about to install.
  • Familiarize yourself with the available incentive and credit programs, such as the Non-business Energy Property Credit (up to $500 in tax credits), or the New Home Builders Tax Credit (up to $2,000 on efficient new construction).

When it comes to filing your taxes, make sure your money is in the right hands by enlisting the help of a skilled Austin tax return specialist. Find one who is right for you and your finances by filling out the above contact form.

 

 

Austin property owners to save more in 2014 with 1% lower property taxes

Posted on Wednesday, December 25th, 2013 at 9:59 pm.

The Austin City Council recently passed its 2014 budget and assigned next year’s property taxes at around 1% less than what was set for 2013 in its public meeting on Monday, December 16.

The property tax levy for 2014 was set at $4.12 million, while 2014’s budget was set at around $30.8 million. With the lower property tax levy, property owners can expect to save more.

A residence that is worth an estimated at $79,500 is expected to pay almost $6 lower in 2014 from $329 to $323. A $90,800 residential property’s city taxes are expected to lessen to $251 from $255, while a $347,000 commercial property’s city taxes will be lowered to $2,521 from $2,567.

If you live in the Austin area and need help with your finances, get in touch with an accountant that you can trust by filling out the above form. We can give you financial advice and guidance in a variety of areas, from personal and commercial bookkeeping to taxes.

Defense lawyer for Madoff accountant requests a speedy trial

Posted on Tuesday, December 10th, 2013 at 10:10 pm.

The defense attorney for 77-year-old Paul Konigsberg, long-time accounting executive and former senior tax partner at Konigsberg Wolf & Co. in New York and the man accused of aiding and abetting former stockbroker, investment advisor, and financier Bernard Lawrence “Bernie” Madoff in massive fraudulent activities, recently asked for a speedy trial in New York.

In the request, made on Tuesday, December 3, Konigsberg’s attorney stated that the defense team is afraid that witnesses’ aging minds may have an effect on their testimonies and that their memories of the events relevant to the case may fade.

Judge Laura Taylor Swain did not agree with him, saying she’ll consider setting a trial date for Konigsberg in January.

Konigsberg made a not guilty plea to falsification of documents that aided fraud, which robbed countless investors of nearly $20 billion.

It’s critical to have an accountant you can trust explicitly with your finances. To get one you know will handle your money right in Austin, fill out the above contact form.

Recurrent Energy looking to build solar power plant in Presidio County

Posted on Tuesday, December 10th, 2013 at 7:34 pm.

Four solar power companies, which include Alpine 1, SunEdison, Recurrent Energy, and SunPower, are looking to install their solar power plants in Presidio County, Texas.

According to Presidio County Judge Paul Hunt, Recurrent Energy expressed its interest in erecting an 80-megawatt solar energy facility north of the county during the Presidio County Commissioners’ Court meeting last Monday, November 11.

Commissioners were slightly concerned when Recurrent said it wanted to build the facility near the Presidio Lely International Airport, with Commissioner Lorenzo Hernandez saying that the Presidio Municipal Development District has plans of purchasing the property around the airport for property expansion.

Hunt said it is uncertain whether the solar power plant project would be able to meet the county’s economic development program policy, which would lower the tax rates for the company and in effect stimulate economic prosperity by encouraging business investment.

Hunt said a fifth company has also expressed its intent to set up business in Presidio County but declined to disclose further details of the deal.

As a business owner or potential business owner, managing your finances appropriately is critical and often requires the help of a knowledgeable and skilled accountant. Talk with a professional who can help you and your business today by filling out the above form.

Impeachment wanted for UT Regent Wallace Hall

Posted on Friday, November 1st, 2013 at 10:16 pm.

Austin State Rep. Ferdinand Frank “Trey” Fischer III is saying that University of Texas’s Regent Wallace Hall should be impeached for questioning fundraising money and not protecting UT’s interests. On Wednesday, October 23, in a House select committee on transparency in state operations hearing, Fisher accused Wallace of breaking the law by questioning the $215.3 million in phantom fundraising for the academic institution.

According to Fischer, 1,200 of 1,278 public records requests were made by Hall. Fischer further claimed that Hall was not forthright with his intentions for changing how UT handles public records.

If you are in need of a business accountant you can trust in Austin, our accountants can help. Fill out the above form to have an accounting professional get in touch with you soon.

Mansfield City Council sets 180-day moratorium on e-cig businesses

Posted on Wednesday, October 30th, 2013 at 6:39 pm.

A North Texas town is putting a six-month mandatory moratorium on the operations of new shops that sell electronic cigarettes.

The Mansfield City Council decided on Monday, October 14 that it would be holding a 180-day moratorium on releasing new business permits for shops that would cater to selling these kinds of products.

Electronic cigarettes are actually battery-powered devices that contain a liquid solution that creates vapors when heated. This type of smoking device is popular nowadays, but causes a lot of problems for city municipalities as they have are unsure as to how to classify them within the parameters of their cities’ smoking bans.

Having a moratorium placed on your business can have substantial financial effects. In such a situation, it is critical to get the help and guidance of a professional accountant. Get in touch with one who can help you today by filling out our contact form at the top of this page.

Austin software company regains NASDAQ compliance

Posted on Friday, October 11th, 2013 at 9:13 pm.

Austin-based software company Asure Software, Inc. fulfilled the terms of compliance with the NASDAQ Stock Exchange after holding a shareholder voting.

CEO Pat Goepel said the exchange has already approved the company’s plans.

Asure was reprimanded by the exchange August of this year regarding its violation of exchange rules. Asure allegedly put common stock shares on the market without garnering shareholder approval.

In a statement, Goepel reported that the company has managed to go ahead with its plan of raising capital to boost stockholders’ equity and that NASDAQ has already closed the case.

It is vitally important to maintain accurate finances in business. If you are tired of worrying about your company’s finances, consider hiring a professional to take care of it. Our experienced accountants are are able to assist with everything from business bookkeeping to a simple consultation.

Please fill out the above form to receive obligation-free information on how an accountant may be able to assist you.

Experts suggest that individuals begin planning for retirement in their 20s

Posted on Friday, September 27th, 2013 at 6:16 pm.

When you’re in your 20’s, retirement planning is often the last thing on your mind. However, experts suggest that this may be the best time to start saving up.

According to an article by marketplace.org, those who start saving in their forties may need to put away 20-25 percent of their earnings for retirement. Those who start in their 20s will probably only have to put away around 10 percent.

The older someone is when they begin saving, the harder it often is to catch up. Those in their 50’s who just start planning for retirement may never catch up. In fact, some data suggests that about 2/3 of Americans have not saved enough for a comfortable retirement.

If you are planning your retirement, it may be smart to bring in an expert. Please fill out the above contact form to find out how an experienced financial accountant can help you today.

Large Dallas-based retail chain in $6 billion sale negotiation

Posted on Sunday, September 15th, 2013 at 4:03 pm.

A deal involving the sale of posh retail chain Neiman Marcus to a Los Angeles based hedge fund and a Canada Pension company is being finalized, according to a report by The Wall Street Journal on Sunday, September 8.

Although the negotiations between Neiman Marcus, asset manager Ares Management, and the Canada Pension Plan investment board could still bog down, the amount is still priced at a whopping $6 billion if it pushes through.

Dallas-based Neiman Marcus, which has 35 stores using the Last Call Brand,was sold for $5.1 billion by TPG Capital and Warburg Pincus in 2005. And in June, the large retail chain went public in its initial stock bid.

If you’re contemplating selling or incorporating a new business in Austin, let a financial accountant help you in your new business venture and make sure all your business financial needs are being properly handled. Get in touch with a professional who can help by filling out the above contact form.

 

Hydrocarb optimistic about Duma Energy merger

Posted on Friday, August 23rd, 2013 at 8:53 pm.

The acquisition of Houston-based Hydrocarb Energy Corporation by Duma Energy Corporation progressed with the signing of a letter of intent between the two giant oil corporations.

On August 14, Hydrocarb announced that 100% of its outstanding stocks will be acquired by Duma as stated in its letter of intent. Prior to this agreement, Duma bought a 39% operating interest in Hydrocarb’s concession in Namibia on August 2012, a deal which involved over 5 million acres of oil-rich grounds located in the Owambo Basin.

Other Hydrocarb business ventures include partnership contracts with numerous African countries in the East African Rift where billions of barrel of oil have been discovered- negotiations from which are nearly completed.

Since Hydrocarb’s corporate vision shares Duma’s local oil and gas production interests, Hydrocarb President and COO Pasquale Scaturro said that this would help boost their global exploration program and that the merger of the two corporations will significantly benefit their investors and shareholders.

Corporate mergers require a great deal of financial information gathering in order to ensure everything is in order. Find out more about how a team of dedicated Austin financial accountants can help prepare your corporate planning requirements by filling out the contact form at the top page.