Marc Whitehouse CPA

Even with steady sales, your business may suffer from cash flow issues. How can this happen? You might not be effectively managing accounts receivable. In other words, you may be falling behind on collecting payments from customers. That, in turn, can affect your ability to pay vendors, make loan payments, or even pay yourself and your employees. Let us help take that stress away from you! We’ll focus on managing your accounts so you can focus on growing your business! Contact us at (512) 517-9020.

A company's financial statement preparation is governed by its accounting policies. Accounting principles are a set of guidelines that a business should follow. Nevertheless, the framework is quite adaptable and the business' management team can select particular practices that improve the company's financial reporting. A company's specific rules are crucial because accounting standards can be lax. Examining a company's accounting practices may determine whether the business is aggressive or conservative when reporting profits. 📞: (512) 517-9020

It's important to pay any federal taxes that you owe. If you don't, the IRS will take steps to collect that tax debt. One of the most severe is a tax lien, which is a legal claim on any property you own. To remove a tax lien, you generally must pay your tax debts in full. The IRS will release the lien within 30 days. Worried about the IRS putting a lien on your property? Let us help you get your tax situation in order. Contact us today at (512) 517-9020.

Traveling internationally for business goes hand in hand with unique tax challenges and opportunities. Be sure you’re maximizing your benefits and minimizing your risks by keeping detailed records and being aware of any local and foreign tax obligations. Stay on top of things through proper planning and informed decision making. https://bit.ly/4cVh1nl

The first step to becoming a successful business owner is ensuring you have a properly written and effective business plan. Because it outlines your business’ financial goals and details how you’ll achieve them, this roadmap is essential in organizing your vision and operations. Not sure how to start? This step-by-step guide is helpful as we walk you through the process! 📝For all your questions on how to set up your business accounting, look no further. Contact us today at (512) 517-9020! https://bit.ly/3okjvUe

For tax purposes, the IRS has two main forms for reporting income paid to workers: Form W-2 and Form 1099. Each January, employers issue W-2s to their employees and file them with the IRS. W-2s include information such as total pay for the previous year, total taxes withheld, retirement plan contributions and certain other payroll deductions. 1099s are issued to nonemployee workers paid $600+ and show the total amount paid to the contractor during the previous year as well as taxes withheld, if any. Whichever forms you receive, the information is necessary to file your 1040 income tax return. Have questions? Schedule an appointment with us today at (512) 517-9020.

As a business owner, you don't want to get blindsided by any financial catastrophy. That's why having a risk management plan can better prepare you for anything that negatively affects your business. By applying the right resources and tools, you can minimize, monitor and control the negative events while focusing energy and attention on how to respond. If you're looking for the right help with your business, you've come to the right place. Schedule your first appointment with us today at (512) 517-9020

Believe it or not, accounting can significantly affect the trajectory of your business. Through understanding your financial health, you can make more informed decisions that help you to budget and forecast your investments to ensure a successful future for your company. https://bit.ly/44DeWu5

Estate planning is the process of designating who will receive your assets in the event of your death. Often done with guidance from an attorney and tax advisor, a well-constructed estate plan can help ensure that your heirs and beneficiaries receive assets in a way that manages and minimizes estate taxes, gift taxes and other tax implications. Looking for some guidance on where to start and how it will affect your finances? Call us at (512) 517-9020.

Your company's assets, liabilities, and owner equity are displayed on your balance sheet. In essence, it is a comparison of your assets and liabilities. Keep in mind, liabilities are what your business owes, and assets are what your business owns. Equity represents the ownership interest in the company and is calculated by subtracting the liabilities from the assets of your company. Contact us at (512) 517-9020.