Bookkeeping

Answering: Does your Cedar Park practice have a 'Hidden Profit Leak' in overhead? Estimated reading time: 11 min read Yes, your Cedar Park practice almost certainly has a hidden profit leak in overhead, and it's probably sitting in the hours you spend doing your own...

Answering: Is your Cedar Park business caught in the '8.25% Sales Tax Trap'? Estimated reading time: 10 min read Probably yes. If you're a Cedar Park retailer selling across city lines, the 8.25% sales tax trap isn't about charging the wrong total rate. It's about...

Answering: Why "AI-Only" bookkeeping fails the Texas R&D Tax Credit audit Estimated reading time: 11 min read It fails because AI can't distinguish between qualifying research and routine development under Texas Tax Code Section 171.651, and that single...

Answering: How do Cedar Park investors track 'Basis' to avoid a 1031 Exchange failure? Estimated reading time: 11 min read Track basis by recording every dollar that touches each property separately: purchase price, closing costs, capital improvements, and accumulated...

Answering: How do I handle payroll for remote employees in different states? Estimated reading time: 11 min read You handle it by registering as an employer in every state where someone on your team works, then withholding that state's income tax from their paycheck,...

Answering: How do I know if my worker is a contractor or employee in Texas? Estimated reading time: 11 min read Look at what actually happens day to day, not what your agreement says. The IRS and Texas Workforce Commission both evaluate three factors: who controls how...

Answering: How do Cedar Park contractors track job profitability during a building boom? Estimated reading time: 12 min read You track it by assigning every dollar of cost, including your own time, to individual jobs before the month closes. That means materials,...

Answering: What records should I keep and for how long? Estimated reading time: 11 min read Three years minimum for most business records, six years if you've underreported income by 25% or more, seven years for bad debt or worthless securities, and indefinitely if...

Answering: How do I track job costs for my construction business? Estimated reading time: 11 min read You track job costs for your construction business by assigning every dollar of labor, materials, subcontractor invoices, equipment use, and allocated overhead to a...

Answering: What are the first 30 days of bookkeeping for a new Texas LLC? Estimated reading time: 13 min read The first 30 days of bookkeeping for a new Texas LLC come down to four moves: open a dedicated business bank account, file your initial franchise tax report...

Answering: Why should I hire a local Cedar Park CPA for my growing business? Estimated reading time: 12 min read Because a local Cedar Park CPA understands the specific financial landscape your growing business actually operates in, not the generic version of it. The...

Answering: How do I fix my messy books after a stressful tax season? Estimated reading time: 12 min read Fix your messy books by doing three things in the next 30 days: reconcile every bank and credit card account back to January, categorize every uncategorized...