by receptionist@theKFORDgroup.com | Mar 5, 2024 | Newsletters
The COVID-19 pandemic took a toll on many businesses, from restaurants and boutiques to entertainment venues and hotels. However, companies that were able to hunker down and save cash during the economic downturn may be in a position to buy competitors that are in...
by receptionist@theKFORDgroup.com | Feb 19, 2024 | Newsletters
Since 2012, theKFORDgroup has created our Tax Pocket Guide to help both businesses and individuals understand the changes in taxes year-to-year and pertinent information for tax filings. Our Tax pocket Guide is available at our office and online (download at the...
by receptionist@theKFORDgroup.com | Feb 6, 2024 | Newsletters
It’s difficult enough to divide a marital estate. But when a divorcing spouse owns a private business and attempts to artificially deflate its profits or hide assets, it may be time to engage a forensic accountant to investigate. What to ask When working on divorce...
by receptionist@theKFORDgroup.com | Jan 30, 2024 | Newsletters
Criminals Impersonating State, Threatening to Seize Assets Some taxpayers have received fraudulent letters claiming the state of Texas will seize their assets and property for unpaid taxes unless payment is made within a specified time. These illegitimate letters...
by receptionist@theKFORDgroup.com | Jan 16, 2024 | Newsletters
In July 2023, the Texas legislature passed Senate Bill 3, which increased the no tax due threshold and eliminated reporting requirements for certain entities. No Tax Due Threshold Increased to $2.47 Million from $1.23 Million For reports originally due on or after...
by receptionist@theKFORDgroup.com | Jan 2, 2024 | Newsletters
Each year, businesses lose about 5% of revenue to fraud, according to Occupational Fraud 2022: A Report to the Nations. A key takeaway from the biennial report published by the Association of Certified Fraud Examiners (ACFE) is that active detection methods are far...