Christopher Hernandez, Certified Public Accountant

Budgeting is the backbone to your business. It not only can help control expenses, but can provide price potential for your product or service. Working backwards knowing first what your fixed and variable costs are could help you develope a solid overhead rate, hence maximizing your profit potential. Your budget should be static in order to adjust to current economic times. Contact me to discuss

The IRS has developed better software to track S-corps issueing K-1's and match them to the shareholder's individual tax returns. This is especially important for those individuals who take S-Corp losses. Being that losses are only allowed when the shareholder has basis, it makes it extremely important to properly calculate basis.

.....And October 15th for those procrastinating tax filers, you know who you are!!

Dont forget about September 15th and August 15th deadlines!! Offering good rates!!

The new H.I.R.E act offers tax credits and tax savings to businessess

Considering the economic environment we live in, many individuals are loosing jobs, and possibly loosing their homes.People are choosing to short sell their homes.In doing so, banks may forgive debt on that home.The IRS views this as a forgiveness of debt which may be included in income.There are a couple of exlusions that individuals may avail themselves so they are not hit with a big tax bill.Contact me.