by ABIP | Nov 8, 2023 | News
November 8, 2023, – abip CPA’s & Advisors, a leading accounting and advisory firm, and Brehm, Havel & Company, L.L.P., a prominent San Antonio-based CPA firm, are excited to announce their merger. This is a strategic move by both firms to enhance their...
by ABIP | Nov 7, 2023 | Accounting, Business, News, Newsletter, Taxes
Is your business having trouble collecting payments from clients or vendors? You might be able to claim a bad debt deduction on your tax return. But if you hope to take the deduction on your 2023 return, you’ll have to get busy, because you must be able to show that...
by ABIP | Nov 7, 2023 | Accounting, Business, News, Newsletter
Recently, the IRS halted processing of claims for the Employee Retention Credit (ERC), due to a high volume of fraudulent claims. The moratorium is through at least the end of 2023. ERC claims already filed are now subject to longer processing, including heightened...
by ABIP | Nov 7, 2023 | Individuals, News, Newsletter, Taxes
Did you know that you can transfer funds directly from your IRA to a Health Savings Account (HSA) without taxes or penalties? Under current law, you’re permitted to make one such “qualified HSA funding distribution” during your lifetime. Typically, if you have...
by ABIP | Nov 6, 2023 | Individuals, News, Newsletter, Taxes
If you may be eligible for disability income should you become disabled, it’s important to know whether that income will be taxable. As is often the case with tax questions, the answer is “it depends.” Key Factor The key factor is who paid it. If your employer...
by ABIP | Oct 5, 2023 | Individuals, News, Newsletter, Taxes
Receiving a sudden and sizable influx of cash may seem like a dream come true. It can be, but many people get carried away and end up in worse financial shape. If you’re hit with a financial windfall, here are some points you should know. Risky Conditions You...
