by ABIP | Aug 2, 2022 | Accounting, Newsletter, Taxes
A cash windfall is any amount of money that you didn’t expect to receive and is over your regular income. Most would consider it to be any amount over $1,000 – and quite often, the amount of money is much more than that. For example, you may have received...
by ABIP | Aug 1, 2022 | Business, Individuals, Newsletter, Taxes
47.7% of family business collapses occur because of the death of the founder. Succession issues can be detrimental to a family business’s future. Incomplete, untested or complete lack of a plan can cause turmoil within the family, impact the profitability of the...
by ABIP | Jul 27, 2022 | About ABIP, Business, News
ABIP has been ranked #18 on the Houston Business Journal’s annual Top 25 Largest Houston CPA firms! “Our firm’s focus on building client value has allowed us to develop a world class firm that delivers an exceptional client experience. We would like to...
by ABIP | Jul 8, 2022 | Accounting, Individuals, News, Newsletter
A hobby is any activity that a person pursues because they enjoy it and with no intention of making a profit. In contrast, people operate a business with the intention of making a profit. However, many people engage in hobby activities that turn into a source of...
by ABIP | Jul 7, 2022 | Business, Fraud, Individuals, News, Newsletter, Taxes
Dirty Dozen Tax Scams for 2022 The “Dirty Dozen” is a list of common tax scams that target taxpayers. Compiled and issued annually by the IRS, it includes a number of aggressive and evolving schemes that taxpayers should avoid. Let’s take a look at...
