Ramdas Accounting

We are thrilled to announce that Rachael Knapp, one of our esteemed professionals at Ramdas Accounting, has won the prestigious Five Star Investment Professional Award in 2023. This award is a testament to Rachael's exceptional skills, expertise, and dedication to her clients.

Since Rachael joined Ramdas Accounting in 2019, she has consistently demonstrated her value to our team and clients. Her exceptional performance and unwavering commitment to providing the highest level of service have made her an integral part of our success as a whole. Her exceptional analytical skills, attention to detail, and strategic thinking have helped clients achieve their financial goals and grow their wealth.

We are proud to have Rachael as a valuable member of our team at Ramdas Accounting. Her dedication, professionalism, and commitment to excellence are a true asset to our firm and our clients. We look forward to many more years of success with Rachael as part of our team.

Meet Five Star Investment Professional Rachael Knapp, CPA, CFP ®, an award-winning investment professional in The Woodlands, TX. Rachael Knapp, CPA, CFP ® is among the 7% of Houston investment professionals to receive this award.

Don't miss the tax changes of the Secure Act 2.0! These are especially important to those retiring soon.

Secure Act 2.0 | Ramdas Accounting Secure Act 2.0 by Ramdas | Jan 6, 2023 | Financial Planning, Individuals Articles, Retiring, Tax Articles Facebook Twitter Google+ LinkedIn Secure Act 2.0 has officially become a law. The Act has some serious consequences for retirement accounts. Below are some key takeaways: Change in RMD Age: The....

Will you owe self employment tax if you have rental properties? Read more now!

Tax Tuesday – Rental Activites and Self Employment Tax | Ramdas Accounting What rental activities are subject to self employment tax? Read more here!

Do you want to help your kids gain better financial habits? Read more here!

https://www.ramdasaccounting.com/tuesday-tips-for-financial-habits/

TUESDAY TIPS FOR FINANCIAL HABITS | Ramdas Accounting Read inside to get some pointers on teaching your children better financial habits.

Did you get a surprise when filing this year? One of the causes could be your withholding on your paycheck!

https://www.ramdasaccounting.com/withholding/

TAX TUESDAY – WITHHOLDING | Ramdas Accounting The IRS has a withholding calculator that will help you determine how much should be withheld from your paycheck based on amount you want refunded or to owe at tax filing.

The rules are changing on inherited IRAs. Read here!

https://www.ramdasaccounting.com/finance-friday-inherited-iras/

FINANCE FRIDAY – INHERITED IRAs | Ramdas Accounting Read here to learn the new rules on inherited IRAs for non-spouse beneficiaries.

Still haven't filed your taxes? Here are some updates from the IRS for when you file your 2021 return.

https://www.ramdasaccounting.com/tax-tuesday-2022-tax-season-update/

Tax Tuesday – 2022 Tax Season Update | Ramdas Accounting Recently, the IRS released an article talking about the 2022 tax season. Click to read our takeaways!

Minimizing taxes when a loved one passes doesn’t have to have a daunting task when you have qualified advisors to assist you!

https://www.ramdasaccounting.com/beneficiaries/

FINANCE FRIDAY – DEATH AND BENEFICIARIES | Ramdas Accounting By planning your beneficiaries ahead of time you can not only save your loved ones trouble in the time of your passing, but also help them save on taxes!

If it's time to say goodbye to your Valentine, we have some tips for your taxes!

TAX TUESDAY – DIVORCE AND TAXES | Ramdas Accounting Going through a divorce is difficult and the last thing you want to think about is taxes, but it is important to have taxes mapped out in the divorce decree.

Time to renew? Make sure you're fully covered on your homeowner's insurance!

https://www.ramdasaccounting.com/homeowners-insurance/

MONEY MONDAY – HOMEOWNER’S INSURANCE | Ramdas Accounting While saving money is always a good thing, you also don’t want to find yourself in a situation where you are not carrying enough insurance.

It's a new year but Tax Tuesday is still here for you!

TAX TUESDAY – 2021 TAXES AND IRS LETTERS | Ramdas Accounting In addition to your usual tax documents, you should be on the look out for two new letters from the IRS this year.

Read before you give this year!

https://www.ramdasaccounting.com/finance-friday-gifts/

Finance …Wednesday! Holiday Edition – Gifts | Ramdas Accounting Holiday gifts, are they taxable? Read to find out!

Heard about Build Back Better? Read more here!

TAX TUESDAY – Build Back Better Act | Ramdas Accounting The Build Back Better Act has passed in the House and is currently being debated in the Senate. Click to see highlights that we are closely monitoring.

Make sure to check these items off your to-do list before the end of the year!

MORE TAX MONDAY – End of Year Opportunities | Ramdas Accounting With 2021 coming to an end, it’s important to make sure you are on track for the remainder of the year. Here are 10 financial items to remember for the new year.

Still confused on what to do with the Advance Child Tax Credit? Read more here:

https://www.ramdasaccounting.com/tax-thursday-advance-child-tax-credit-update-and-new-information/

TAX THURSDAY – Advance Child Tax Credit – Update and New Information | Ramdas Accounting The Advance Child Tax Credit is a hot topic these days. If you are receiving payments, you will need to report the total amount you received on your 2021 tax return.

Get some rest now that the deadline has passed. Now it's time to see if your insurance really has you covered!

https://www.ramdasaccounting.com/umbrellapolicy/

FINANCE FIRDAY – Umbrella Policy | Ramdas Accounting When it rains, it pours. Do you need an umbrella policy on your insurance?

The extended deadline is almost here! Get in the mood with some TAX TUESDAY!

TAX TUESDAY – Common Misconceptions | Ramdas Accounting Taxes are complicated, but you’re in the right place when it comes to navigating your unique tax situation. Read to see some common misconceptions on individual taxes.

Getting married? Thinking about splitting? Learn more about community property and separate property on today's Finance Friday!

FINANCE FRIDAY – Community Property | Ramdas Accounting We have all heard the saying in marriage that “what’s yours is mine”, but is that true from a legal standpoint? Read more on community property here.

TAX TUESDAY – Home Office Deductions | Ramdas Accounting Do you qualify for the home office deduction in 2021? Read more to see if you qualify and what expenses you can take for this deduction.

Check out this week's FINANCE FRIDAY post on Retirement Accounts!

https://www.ramdasaccounting.com/retirement-accounts/

FINANCE FRIDAY – Retirement Accounts | Ramdas Accounting When strategizing an IRA, there are different options to choose from, along with different tax consequences when you contribute and withdraw the funds. See more on retirement here!

Watch Rachael LIVE this morning on the radio today at 11:30 CST! Follow the link to watch her interview on Finance Friday at KNLY 91.1FM The Boss!

http://www.radiotheboss.com/watch-us-live/

Watch us Live - KNLY 91.1 FM Watch us Live from your PC, Laptop, tablet or phone on the following link, we are broadcasting live from The Woodlands Texas, This is KNLY91.1FM The Boss

Did you file an extension but need help with your return? Give us a call!
281-655-3297

IT'S HERE! Send your accountant some love today.

Hellloooooo Houston!

Dear Chicago: Houston's bean is better. And so is Houston. An email fight between Chicago Tribune columnist Kim Janssen and the Houston Chronicle's Lisa Gray.

Ooh sign us up!

Upcoming Houston Food Events: Get Your Menu of Menus Tickets Now Mark your calendars, because you don’t want to miss these deliciously fun culinary happenings: Third Coast, 6550 Bertner, 6th floor, will be hosting a Tasting Series: Irish Whiskey on Wednesday, March 21 from 6 to 7:30 p.m. The restaurant’s award-winning sommelier, David Cook, will teach this co...

Even if everything changes AGAIN, Ramdas Accounting will always be able to help you with your taxes.

With Eye to Midterms, Democrats Offer Alternative Tax, Infrastructure Plan Senate Democrats proposed raising taxes on corporations, estates and high-income households to pay for $1 trillion in new infrastructure spending.

Happy Friday!

11 tax deductions and other ways to cut your 2017 tax bill If you're working on your 2017 tax return, maximizing your deductions and using other tax measures can minimize your tax bite. And this will be the last time you can use some deductions since the new tax law eliminated many.

Tax Law Doesn’t Pay for Itself, Harvard Economists Find The recent changes to the U.S. tax law will increase economic growth modestly but not fast enough to pay for themselves, according to a new estimate from a pair of economists from different sides of the political spectrum.

You wanted 'em? We got 'em! State individual income tax rates and brackets for 2018 are here!

State Individual Income Tax Rates and Brackets for 2018 - Tax Foundation Individual income tax rates and brackets vary widely by state. Keep track of top marginal income tax rates in your state and others with our new guide.

The IRS has released it's new withholding calculator for your 2018 taxes! Do you need to update your withholding for the new tax law? Find out here!

IRS Withholding Calculator | Internal Revenue Service The Calculator helps you identify your tax withholding to make sure you have the right amount of tax withheld from your paycheck at work.

TAX! TIP! TUESDAY!

Top 10 Tips To Help You Conquer Tax Season Tax season is here but before you start stressing, read these ten tips. From what's changing and when in tax laws to how to maximize your retirement contribution and see tax benefits, these tips will keep you sane and save you money.

Taxpayers receiving erroneous refunds should IMMEDIATELY should contact their tax preparers. Other instructions on how to contact the IRS listed in the article.

IRS Issues Urgent Warning On New Tax Refund Scam - And It's Not What You'd Expect Shutterstock Just when you thought you'd read about all of the tax scams: The Internal Revenue Service (IRS) is warning taxpayers about a new - and growing - scam involving erroneous tax refunds being deposited into real taxpayer bank accounts. Then the crooks use various tactics to con taxpayers .....

keep your savings high and your standards higher y'all

Valentine's Day: 5 money mistakes that can kill the love Romance can be tripped up by everything from spending too much on your date to financial dishonesty

Did you itemize in 2017? You might need to update your withholding! Give us a call if you have any questions, 281-655-3297.

These taxpayers could end up owing the IRS more money in 2019 Laugh now, cry later: These individuals may end up taking home too much pay in 2018, placing them on the hook for taxes next year.

If you use an ITIN, renew, renew, renew!

IRS Encourages Taxpayers to Renew ITINs; Delays Expected for Those Who Missed Deadline Delays are possible for taxpayers with expired ITINs; tax professionals should advise their clients to renew as soon as possible.

IRS announces 2018 pension contribution limits under tax reform act The IRS revealed that the recalculated 2018 pension contribution limits are unchanged from the numbers issued before the tax reform bill was enacted.

Some by state tax reform ramifications. How does your state stack up?

Federal Tax Reform & the States: Conformity & Revenue - Tax Foundation A survey of the federal provisions to which states conform, what each state can expect from federal tax changes, and what options are available to them.