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2022 – Houston Business Journal Ranking

2022 – Houston Business Journal Ranking

by Gabby Miller | 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...
The Difference Between a Hobby and a Business

The Difference Between a Hobby and a Business

by Gabby Miller | 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...
Dirty Dozen Tax Scams for 2022

Dirty Dozen Tax Scams for 2022

by Gabby Miller | 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...
What Teen Entrepreneurs Should Know About Taxes

What Teen Entrepreneurs Should Know About Taxes

by Gabby Miller | Jul 6, 2022 | Individuals, News, Newsletter, Taxes

What Teen Entrepreneurs Should Know About Taxes Teens and young adults often go into business for themselves over the summer or after school. This work can include babysitting, lawn mowing, dog walking, or other part-time or temporary work. When a teen or young adult...
Standard Mileage Rates Increase for Remainder of 2022

Standard Mileage Rates Increase for Remainder of 2022

by Gabby Miller | Jul 5, 2022 | News, Newsletter, Taxes

The optional standard mileage rate, which taxpayers may use to calculate the deductible costs of operating an automobile for business and certain other purposes, increases to 62.5 cents per mile, effective July 1, 2022. The new mileage rate is up 4 cents from the rate...
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  • Tax Withholding For Seasonal and Part-Time Employees
  • What To Do if You Receive an IRS CP2000 Notice
  • What Teen Entrepreneurs Should Know About Taxes
  • Avoiding a Tax Surprise When Retiring Overseas
  • Saving for Education: Understanding 529 Plans

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