Winners of the Houston West Chamber Star Awards Announced

HOUSTON – FEBRUARY 11, 2014 – Over 650 of West Houston’s business community attended the 16th Annual Star Awards Luncheon and Economic Development Summit on Friday, February 7, 2014 at the Omni West Houston Hotel. This year there were six (6) key competition...

IRS BULLETIN: Claiming Income The Right Way… Or Else!

When filing your taxes, you must report all your incomes on your federal income tax return. However because of some exceptions, some of it is not taxable. Most people are confused about the difference in what is taxable and what actually falls under the IRS’...

4 Different Forms of Assurance for Nonprofit Organizations

The financial statements of nonprofit organizations need to be examined by a qualified, independent and objective professional. The purpose of doing so is to determine their accuracy and whether they fairly reflect the NPO’s financial situation. These statements must...

Depreciation for Rental Properties – What You Need to Know

One of the benefits of owning rental properties is the ability to take a depreciation expense deduction on your income tax return. But what is depreciation? And how is it calculated? And what will my benefit be? Depreciation is used to recover the cost of your rental...

How to Prepare for the Auditor

Nonprofit Organizations are likely to be required to present more audits in comparison to profit making businesses. The reason is that they depend solely on donations and government help. Since they are held accountable to donors and the government, it is important to...