ASC Topic 842 Leases—Lessee Accounting
The Financial Accounting Standards Board (FASB) replaced the old lease accounting standard (ASC 840) with ASC 842 to increase transparency of entity lease obligations so that business stakeholders can more clearly see the company’s obligations and financial position. What does this mean to you? Review your debt covenants! Under the new standard, leased assets will […]
The 2023 Tax Filing Season is Upon Us
’Twas the night before busy season When all through the IRS The agents were stirring With no time to rest Happy 2023 to our ATKG family and friends! As we prepare ourselves for an eventful spring, we wanted to share some insights on the changes that may affect your tax filings. IRS Woes Continue The […]
2022 Year-End Year-Round Tax Planning Guide
ATKG’s tax professionals are committed to helping you maximize your income through a variety of tax-saving strategies. To demonstrate our commitment to serving as your most trusted advisor, we have provided a link to our 2022 Year-End Year-Round Tax Planning Guide. There are many tax developments to consider for the current tax year and we have highlighted […]
Old, New, Borrowed, & Green?
There has been a lot of tax-talk in the news lately with the passage of the Inflation Reduction Act (IRA), which President Biden signed into law on August 16th. The IRA includes new taxes, extension of old rules, and green energy credits, which we summarized below. While the IRA certainly has stolen the spotlight recently, […]
2023 Year-End Year-Round Tax Planning Guide
ATKG’s tax professionals are committed to helping you maximize your income through a variety of tax-saving strategies. To demonstrate our commitment to serving as your most trusted advisor, we have provided a link to our 2023 Year-End Year-Round Tax Planning Guide. There are many tax developments to consider for the current tax year and we have highlighted […]
Property Tax Savings for Seniors & Disabled
If you are a Texas resident and own a home in which you reside, there are special exemptions and property tax freezes if you are 65 or older or if you are disabled. You can apply for a $10,000 homestead exemption from your school district taxes (in addition to the $40,000 exemption for all homeowners) […]
Navigating Hybrid and Remote Workplaces
By now, you have either heard of or personally experienced mass changes to the standard work model brought about by Covid-19. To stay afloat and succeed, most businesses made dramatic adjustments to how they managed their business. Congratulations if you were one of them! Many of those changes involved more flexibility for their employee. This […]
Texas Franchise Tax Filings
It’s essential to keep your franchise tax filings current with the Texas Comptroller and Secretary of State so you don’t forfeit your right to transact business in Texas. The consequences are that you can lose your right to sue or defend yourself in a Texas court. Additionally, officers and directors can be held personally liable […]
ATKG In Action: ATKG Partners with Kinetic Kids
ATKG has always been a firm that believes in giving back. We have enjoyed building homes for Habitat for Humanity, Cleaning up CAMP after the winter storm, hosting blood drives for the blood bank, and many other activities in San Antonio and the surrounding areas. ATKG is fortunate to have a team passionate about making the communities we […]
IRS Increases Standard Mileage Rate
The IRS just announced that the standard mileage rate for qualified business driving will increase from 58.5 cents to 62.5 cents per mile. This comes as a response to the rising gas prices the U.S. has been facing in 2022, which has seen an uptick in almost $2.00 a gallon when compared to 2021. The […]
SECURE Act 2.0 – House of Representatives proposed bill
The U.S. House of Representatives recently passed the Securing a Strong Retirement Act (also known as SECURE 2.0). The Senate is currently working on its version of the bill. Here are some key provisions that would affect both employers and individuals if enacted: Catch-up contributions Currently, qualified individuals age 50 or older can make catch-up […]
ATKG Makes SABJ’s Best Places to Work for 2022 (Small Company)
Since the program’s inception 14 years ago, 2022 marks the eleventh year ATKG has been recognized as one of our city’s best places to work. The firm attributes this accomplishment to the dedication of its team members, who are committed to creating a culture dedicated to exceptional client service and a caring spirit for one […]
Estate Planning During Periods of High Inflation
Inflation has gone from a buzzword heard on the news to a very real part of daily life for Americans. While the “pain at the pump” or rising grocery bills are some of the most apparent signs of inflation, estate plans can also be impacted. At its core, inflation means that your money has less […]
Pandemic Leads to Uptick in Divorce Rates
While mask and crowd mandates have lessened in this seemingly post-pandemic time, society has witnessed several major changes and trends that continue to affect our everyday lives. One of these trends is an uptick in divorce rates, as more couples are deciding to end their marriages. The pandemic forced many couples who were already contemplating […]
Occupational Fraud Trends and How ATKG Can Help
The Association of Certified Fraud Examiners (ACFE) released its Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse, based on a study of 2,504 fraud cases occurring between January 2018 and September 2019. Consistent with previous studies, the ACFE estimates that occupational fraud costs the typical organization 5% of its revenue every […]
Hayley Cornelius Almaraz talks about Estate Planning and Inflation
ATKG is always pleased to share its knowledge with others, especially when everyday life is still recovering from the COVID-19 pandemic. Recently, Senior Manager Hayley Cornelius Almaraz sat down with Richard Webner, an Express-News contributor, to discuss how families should factor the inflation surge into their estate planning.Hayley offered great insight into estate planning, and […]
Property Tax Protest Deadline is Approaching
It is that time of year when county appraisal districts begin to send out notices of appraised value on real property and business personal property. If you feel your property is over-valued, the due date for filing a protest is the later of May 15th or 30 days after the notice of appraised value was […]
How To Handle Outstanding Items
When you work on your bank reconciliation, do you notice the same outstanding items keep appearing month after month? Before you start reconciling this month, take a moment to carefully review those old transactions and determine the appropriate action to take. Start by researching the outstanding items, and see if a duplicate entry (deposits or payments) […]
Melanie Kirk Recognized at 2022 Women Business Owner Awards
Since 1975, the National Association of Women Business Owners, also known as NAWBO, has been a source of business resources, advocacy and support for the fastest-growing segment of our nation’s economy – women-owned businesses. Each year NAWBO’s San Antonio Chapter celebrates and honors the contributions of local women business owners to the community. The prestigious […]
Allison Miller Participates in North San Antonio Chamber CFO Forum
On March 22, 2022, The North San Antonio Chamber kicked off the first of their annual CFO Forum Luncheon Series. This panel featured industry professionals and trends they see in their respected industries. Allison Miller, one of ATKG’s partners, was a panelist at this luncheon and presented some of the current trends in Federal Tax. […]
Valuing a Business for Divorce
When divorcing spouses own a private business interest, it complicates the settlement process. The value of a business isn’t necessarily as straightforward as the values of other marital assets. And it’s often impractical to sell the business and split the proceeds, because there may be other owners who aren’t interested in selling and it takes […]
Centro San Antonio Expanding Reach
ATKG loves to see its clients succeed. We are happy to do our part so that Centro San Antonio can continue every day to create a more beautiful, welcoming, playful, and prosperous downtown in the spirit of San Antonio. To learn more about how Centro is working to expand please read the article the Express […]
ATKG Announces 2022 Promotions
ATKG is pleased to announce the promotion of several of its team members. Join us in congratulating these individuals for their continued dedication to excellence! Sara Blackmore, Tax Director Sara joined ATKG in June of 2015. She brings significant experience in real estate, oil & gas, not-for-profits, professional services, and wealth management. In July 2019, […]
Celebrating 40 Years of Client Service
Since 1982, ATKG has devoted itself to developing strong, meaningful relationships with its clientele. As we commemorate our 40th anniversary, we gratefully thank our clients for allowing us to partner with them, their families, and their businesses. We attribute the success and longevity ATKG has experienced to our exceptional clients and our highly talented professionals […]
Charitable Contributions: What you need to know for the 2021 filing season
As you start to gather your 2021 tax documents, you may be wondering what you need to support your contributions and what type of deductions you will receive because of your charitable giving. What documentation is required? The IRS generally requires that you obtain contemporaneous written acknowledgment from the charity stating the amount of your […]
Balance Sheet Review
A Balance Sheet is a snapshot of a company’s financial position at a specific period. Assets, liabilities, and equity are the components of a Balance Sheet. Assets are something you own that has value, such as bank accounts, accounts receivable, inventory, vehicles, equipment, buildings, or land. Liabilities on the other hand are something you owe to […]
What’s a Personal Property Tax Rendition and Does My Business Have to File One?
As we enter a new year, one of the first tax deadlines business owners must address is the filing of property tax renditions. Many business owners are unaware that property tax applies to business personal property just like it does real estate. A rendition is a form that allows you to self-report your business personal […]
Understanding the New Lease Standard – ASC 842
Updated accounting rules for long-term leases (leases with a one-year term or longer) took effect in 2019 for public companies. The updated guidance requires organizations to report — for the first time — the full magnitude of their long-term lease obligations on the balance sheet. After several deferrals by the Financial Accounting Standards Board (FASB), […]
ATKG’s Financial Experts’ Involvement in the Discovery Process
Our ATKG financial experts are ready to work with your litigation team in 2022—from identifying and analyzing financial documents for forensic and business valuation cases to tracing assets to maximize the community and separate estates in divorces. Bring us in early! Do not wait until after settlement negotiations have failed or just before the case […]
2021 Year-End Year-Round Tax Planning Guide
ATKG’s tax professionals are committed to helping you maximize your income through a variety of tax-saving strategies. To demonstrate our commitment to serving as your most trusted advisor, we have provided a link to our 2021 Year-End Year-Round Tax Planning Guide. With changes to federal tax law under consideration and the global pandemic continuing to impact businesses […]
A “Blue” Christmas at ATKG
Since 1976, San Antonio Police Department (SAPD) has organized a toy drive, dubbed the Blue Santa Program, for underprivileged children in San Antonio. What started as a few officers purchasing toys with their own money has grown into a yearly program benefiting 8,000 families locally. Giving back to our community is an essential belief at […]
ATKG Walks for AAPAW
ATKG was thrilled to participate in the Alamo Area Partners for Animal Welfare (AAPAW)’s Trails Fur Tails 5k on November 6, 2021. AAPAW is a coalition of animal welfare organizations, veterinarians, and the local community that partners together to improve the lives of animals in the San Antonio area. Through their communication network and various programs, AAPAW […]
An Update on the Build Back Better Act
There is nothing quite like the prospect of new tax legislation to get us in the holiday spirit… On November 19, the House of Representatives passed the Build Back Better Act (BBBA), which includes several meaningful tax changes. While the bill is expected to go through several rounds of changes in the Senate, we think […]
A Taste of Spain and Normalcy: Connect+ Makes a Comeback
Since the pandemic arrived in early 2020, life has been unlike anything we have known. For almost two years, we have adjusted to the “new normal.” The networking events once proudly hosted by ATKG and designed to connect professionals from various industries abruptly ended. Sadly, the Connect+ event held in March 2020 was our final […]
Cleaning Up CAMP: ATKG Helps Get CAMP Ready for Play
Since 1979, the Children’s Association for Maximum Potential (CAMP) has provided recreational programming for children and adults with developmental, intellectual, medical, behavioral, and physical disabilities. Their mission is the strengthen and inspire individuals with special needs through recreation, respite, and education. They do this by hosting multiple events, including a summer camp for individuals aged 5 to […]
Update on COVID Relief Measures
The year 2020 was laden with government programs designed to bring much-needed relief to American businesses. Many of these programs are still in effect today, even as we draw close to the two-year anniversary of the pandemic that turned our world upside down. The Employee Retention Credit (ERC), the Economic Injury Disaster Loan (EIDL) program, […]
Year-End Estate Planning: Understanding Why It’s Essential
As we approach the year’s end, it is essential to consider estate planning steps for 2021. Even if you do not anticipate owing federal estate tax, an annual review can make a difference. The federal estate exemption is currently at a historic high, and the future of the estate exemption and commonly used estate planning […]
I Received A Sales Tax Audit Notice! What Do I Do Now?
States are hurting for revenue these days. The COVID pandemic has slowed the economy, thus decreasing tax revenue, and most states have had increases in spending to address public health issues. We anticipate this will result in more audit activity – particularly sales tax audits. Due to the complexity of sales tax laws, most states […]
Year-End: Here We Go Again
Year-end is almost here, which means there are several action items you can complete today to ensure a head start on closing out your 2021 business financials. Review And Update HR And Payroll Records Start with a quick review of your staff’s personnel files. Make sure each employee’s address, phone number, and emergency contacts are […]
Ruth Olivares Selected as a 2021 Texas Rising Star
Each year, the Texas CPA Society recognizes members under 40 years old who have shown innovative leadership qualities within the accounting profession and their communities. We are incredibly proud to announce Manager Ruth Olivares has been named a 2021 Rising Star. She is one of nineteen recipients recognized for this prestigious award and only one […]
What’s October Without A Skele-FUN Halloween Carnival?
Halloween traditions have spanned the globe for decades, but Ireland is considered the birthplace of modern-day Halloween. Both Ireland and Scotland celebrate this well-known skin-crawling holiday with bonfires, games, and traditional foods, such as barmbrack – an Irish fruitcake containing coins, buttons, and rings. Luckily, today’s traditions encompass a wide array of costumes, pumpkin carving, […]
Football is Back: An NFL Bucket List Adventure
My brother Aron and I have always been big-time football fans, and thanks to ATKG’s Bucket List Program, we experienced our first NFL game. We chose to attend the Dallas Cowboys vs. Philadelphia Eagles in Dallas on September 27, 2021. The game happened to be the Monday Night Football Game on ESPN, so call that […]
Accounting Today Ranks ATKG 6th Best Firm for Women
Each year, Accounting Today recognizes our nation’s Top 100 Best Firms to Work For. ATKG proudly ranked 6th for 2021 in the medium employer category. Following the selection of the 100 Best Firms, Accounting Today then identifies the 10 Best Firms for Women. The selection process for the 10 Best Firms is driven by responses from each […]
Express-News Features ATKG’s Unique Culture
Since its founding in 1982, ATKG knew it wanted to create a culture where team members love what they do, love who they work with, and still have time for personal passions. Tax Partner Allison Miller sat down with Express-News reporter Richard Webner to discuss what makes ATKG unlike any other public accounting firm. When […]
Top 100 Best Companies to Work for in Texas Announced
The Texas Association of Business (TAB), Best Companies Group, and Texas SHRM held their annual gala in Austin to announce the Top 100 Best Companies to Work for in Texas in the small, medium, and large employer categories. Best Companies Group, an independent workplace excellence research firm, designed the program to recognize the best employers […]
ATKG Ranks as 6th Best Firm to Work for in the US
Ten years running, accountingTODAY has ranked ATKG as one of the Best Accounting Firms to Work for in the nation. The firm ranked 10th in the small firm category in 2020. However, due to ATKG’s continued growth, it moved up to 6th in the mid-sized category. ATKG is the only San Antonio-based firm to make […]
Ruthless O Victoriously Defends Her Female Boxing Champion Title
In 2019, ATKG Assurance Manager Ruth Olivares, aka Ruthless O, entered the ring for the first time at Fight Night hosted by the Real Estate Council of San Antonio. She came away as the female boxing champion. On August 12, 2021, Ruthless O entered the ring to defend her title and was victorious. ATKG couldn’t […]
Business Journal Ranks ATKG The Fourth Best Place To Work In SA
On August 5th, the San Antonio Business Journal announced who would be recognized as our city’s Best Places to Work for 2021. The annual competition assessed by Quantum Workplace identifies companies whose culture, benefits, and resources, such as training, exemplify a spirit of team, positivity, caring, and collaboration. ATKG is proud to announce it has […]
It’s Not Too Late To Claim Employee Retention Credits For 2020 And 2021!
Employee Retention Credits can be substantial: up to $5,000 per employee in 2020 up to $28,000 per employee in 2021 You can qualify even if you received PPP loans. Qualifications: A 50% reduction in any quarter of 2020 or a 20% reduction in any quarter of 2021 Full or partial suspension of business because of government orders issued because […]
Spending Quality Chicktime at Boysville
A group of female professionals with ATKG headed out to Boysville to spend quality time and creative fun with the teen girls who call Boysville home. Annette Goodson, the Director of ATKG’s State and Local Tax practice, is the Managing Leader for Chicktime San Antonio. Annette had this to say about their volunteers, “I am […]
PPP Round 1 Forgiveness Applications: Important Deadline Quickly Approaching!
If you have not applied for forgiveness for your Round 1 Paycheck Protection Program (PPP) loans, it may be time to do so. While borrowers can apply for forgiveness any time up to the loan’s maturity date, loan repayments must begin 10 months after the end of the Covered Period. For many PPP borrowers, this 10-month […]
Supreme Court Dismisses Challenge to Affordable Care Act
On Thursday, June 17th, the U.S. Supreme Court dismissed the case brought by several states that challenged the constitutionality of the Affordable Care Act (ACA). As a result, the 3.8% Net Investment Income Tax and the .9% Additional Medicare Tax applying to individual taxpayers implemented with the ACA legislation will stand. Many taxpayers filed protective […]
The Tax Factors Of Inherited Property
Inheriting assets, whether expected or not, can trigger many questions for the beneficiary of an estate. Even if details of how assets should be distributed to beneficiaries are well documented, the will does not answer many basic questions the inheriting beneficiaries often have. We’ve compiled a list of the most frequently asked questions when it […]
Securing Commercial Loans with Financial Ratios
Now that the Small Business Administration Paycheck Protection Program has run out of funds, are you finding yourself still in need of cash? Lenders will compute various financial ratios during the commercial loan application process and then compare them over time or against industry benchmarks. Financial ratios can be a great health check for your business […]
ATKG Announces Opening of Boerne Office
As the needs of our clients have expanded over the years, so has ATKG’s presence. Our team has grown nearly three hundred percent in the last decade and continues to increase with each passing year. Now, ATKG’s footprint has reached the Texas Hill Country with the opening of its second office in Boerne, Texas. Melanie […]
Where is my money?
Business owners always want to know where their money is going, and rightfully so. An owner needs to know if the company has enough cash to pay all the costs of running their business. They often turn to the Profit & Loss Statement to get the answers. However, a business could report the net income on the Profit […]
COVID Legislation: Where are we now?
The CARES Act and subsequent legislation provided many tax benefits to businesses and individuals affected by COVID-19. It seems that every week there is news of updated IRS guidance concerning tax years past, present, and future, aimed at providing relief. Now that we are halfway through 2021, it’s a good time for a refresher on COVID […]
State Tax Updates
Property Tax Protest Deadline is Approaching It is that time of year when county appraisal districts begin to send out notices of appraised value on real property and business personal property. If you feel your property is over-valued, the due date for filing a protest is later than May 15th or 30 days after the notice […]
Building Homes For Those In Need During The Pandemic
Impacts from the COVID-19 pandemic have been far-reaching, both socially and economically. Among the most affected have been nonprofits who serve our community’s most vulnerable members. As needs were increasing, their funding and resources were decreasing. Among these was Habitat for Humanity. Each year, they make affordable home ownership possible for dozens of San Antonio […]
Raising Funds to Further the Efforts of Young Life Capernaum
Team ATKG was at it again by mixing fun and fundraising to show its support for yet another great cause in our local community. Young Life Capernaum is committed to creating a vibrant renewal of hope, community, and purpose for young people across our city. At Young Life, every story matters, so they strive to […]
ATKG Offers Boy Scouts Insight On Employee Retention Credit
ATKG wishes to thank you for joining our presentation on Employee Retention Credit. We hope you found the webinar informative and helpful in understanding how to determine if you qualify and what you are eligible to receive. Below you will find three resources featuring key information you will want to be aware of as you determine your eligibility.
Melanie Kirk Talks with the Journal of Accountancy
The Journal of Accountancy talked to managing partners across the nation about how their firms are supporting their female workforce during the pandemic. Managing Partner Melanie Kirk talks about the importance of flexibility when it comes to female professionals working full-time and caring for children or elderly family members during COVID-19. Journal of Accountancy: Flexibility […]
ATKG Offers S. A. Restaurant Owners Insight on ERC
ATKG wishes to thank you for joining our presentation on Employee Retention Credit. We hope you found the webinar informative and helpful in understanding how to determine if you qualify and what you are eligible to receive. Below you will find three resources featuring key information you will want to be aware of as you determine your eligibility.
Overview of President Biden’s Tax Proposals for Individuals
President Biden’s outlined his proposals for individual taxpayers in an April 28th address to Congress and in an 18-page fact sheet released by the White House. As expected, the “American Families Plan” includes a long list of significant tax increases, which are summarized below. The top marginal tax rate would increase from 37% to 39.6%, […]
ATKG Offers Les Dames Insight on ERC
Could you be leaving money on the table when it comes to employee retention credits? Managing Partner Melanie Kirk, Partner and Director of ATKG’s Federal Tax practice Allison Miller and the Director of State and Local Taxes Annette Goodson, hosted a webinar for the national membership Les Dames d’Escoffier International. The webinar outlined how business […]
Damage from the Winter Storm? You May Qualify for a Casualty Loss Deduction
February’s winter storm wreaked havoc across Texas, with some reports estimating damages totaling as much as $200 billion. Texans are left dealing with massive repair bills not covered by insurance. Those sustaining damages may be eligible for an income tax deduction which allows qualifying individuals to claim a loss on their 2020 or 2021 tax […]
PPP Application Deadline Extended
President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application filing deadline from March 31, 2021, to May 31, 2021, thus providing potential PPP borrowers additional time to submit their applications. The law doesn’t provide the PPP with any additional funding. However, $7.25 billion in […]
Restaurants Now Eligible for Grants Under New Act
One of the provisions of the American Rescue Plan Act President Biden signed into law on March 11, 2021, is the Restaurant Revitalization Fund. The $28.6 billion fund acts as a tax-free grant program to restaurants, bars, and associated food and beverage-related businesses. Unlike how the Paycheck Protection Program (PPP) was administered through private banks, […]
The American Rescue Plan Act has passed: What’s in it for you?
On Thursday, March 11th, President Biden signed the latest legislation to provide economic and other relief from the COVID-19 pandemic that has haunted the country for the last year. The 628-page American Rescue Plan Act (ARPA) includes $1.9 trillion in funding for individuals, businesses, and state and local governments. The ARPA extends and expands some […]
Emergency Declaration Results in Tax Deadline Relief for Texas Taxpayers
The IRS has announced several federal tax filing and payment extensions following the recent disaster declaration. Taxpayers affected by the winter storm that reside or have a business (including tax-exempt organizations) in any of the 254 Texas counties (covered disaster area) qualify for tax relief. Tax deadlines occurring on or after February 11, 2021, and […]
ATKG Announces Its 2021 Promotions
At ATKG, our core values are Positivity, Team, Open, Insightful, and Caring. We are committed to enhancing prosperity in our all-star lineup of professionals and invest in each team member as they work to accomplish their professional goals. With great pride, ATKG announces its 2021 promotions of team members who have lived our core values […]
Allison Miller Weighs-in on this Year’s Tax Outlook
Tax Partner and Director of ATKG’s Federal Tax practice Allison Miller talks with Jimmy Holmes, Publisher of the San Antonio Business Journal, to discuss the greatest tax challenges and opportunities individuals and businesses will face in 2021. The Table of Experts special publication released on February 12th brings together some of the city’s most respected […]
Bucket List 2021: Ringing In A New Year In Mexico
Five years ago, on New Year’s day, I said “Yes” to becoming engaged while in Playa del Carmen, Mexico. It was my first adventure to the area, and I knew we had to return one day. Thanks to ATKG’s Bucket List program, my husband, Eddie, and I did precisely that. Growing up in a Hispanic […]
Employee Retention Credit Expanded Under New Act
The recently passed Consolidated Appropriations Act of 2021 (CAA 2021) expanded the Employee Retention Credit (ERC) initially created by the CARES Act and extended the credit through June 30, 2021. As a result, many more employers will now qualify to take advantage of the credit. Here is ATKG’s summary of the changes and how they […]
Second COVID Relief Bill Awaiting the Presidents Signature
Just days before Christmas, Congress delivered on a second COVID-19 relief package tied to a $1.4 trillion Omnibus spending bill that funds the government through September 2021. Here are highlights of what is contained in the bill that is still awaiting President Trump’s signature, although the President may veto it. Also outlined below is an expanded […]
What to Expect from the Next Stimulus Package
On Monday, December 15th, a bipartisan group of Senators proposed two stimulus bills totaling $908 billion in coronavirus relief. One bill contained $748 billion of relief, primarily for small businesses and unemployed individuals. The other bill would have provided $160 billion to state and local governments. Currently, it looks as though these two bills will […]
Year-End Business Tax Planning Before We Say Goodbye to 2020
Like many of us, you are probably anxious to close the books on 2020. However, you might consider a few things before year-end so that you can start 2021 on a positive note. CARES Act Payroll Credits If your business revenue was impacted by shutdowns related to COVID, you might be eligible to take advantage […]
Year-end Year-round Tax Planning Guide
The tax professionals at ATKG are dedicated to helping you maximize your income through a variety of tax-saving strategies. To demonstrate our commitment to serving as your most trusted advisor, we provide a link to our 2020 Year-End Year-Round Tax Planning Guide. As the global pandemic continues to impact individuals and businesses across the nation, there are many […]
Final Countdown to 2021
Another year has almost come and gone, and 2020 proved to be quite a challenge. But, before we can put 2020 behind us and open the doors to 2021, we have some cleanup to do. No, we don’t mean your desk drawers (although that may help). We are referring to accounting cleanup—making sure your accounting records are […]
Urgent Estate Planning Considerations
Though Election Day is over, we still have incredible uncertainty as to what 2021 will bring. If Joe Biden takes control of the White House, one of the many outcomes may be a substantial change to the current gift and estate tax laws. Current Estate Laws Biden Tax Platform A Biden presidency and a Democrat-controlled […]
Mitigating Risk in the Restaurant Industry
The year 2020 has pushed the limits of many industries, including the hospitality industry. Restaurants, particularly, have displayed admirable flexibility and have been forced to focus on narrowing margins on products, staffing concerns, online ordering, business capital funding, and increasing social footprint opportunities. However, amidst this changing environment, restaurateurs should always remain vigilant to protect […]
Ring in the New Year with Tax Planning Ideas for Individuals
The year 2020 has been full of ups, downs, and surprises! Many Americans are anxious for it to end, but it is not too late to evaluate year-end tax planning strategies to keep your tax bill in check. You may already be familiar with common year-end strategies such as loss harvesting and expense acceleration. However, […]
Recording: EOY 2020 – How prepared is your business?
A co-hosted webinar with the IronEdge Group. 2020 has been a year of unknowns – complete with numerous curveballs thrown at individuals and businesses worldwide. After months of pivoting, what is next for business owners? What should you be considering as you close out the year and plan for 2021? This year tested how prepared […]
Wrapping Up at Year-end
COVID-19 and the CARES Act have caused a wave of change in 2020. In the bookkeeping world, celebrating the end of a year also means ramping up for W-2 and 1099 season. “Happy New Year!” After third-quarter deadlines are met, work slows down. At ATKG, the CAS Team utilizes this downtime to clean-up vendor, customer, […]
Team Spotlight: Client Accounting Services
When your mission as a business is to enhance the prosperity of the clients you serve, each team member plays a critical role in your success. While clients turn to ATKG for tax, assurance, or litigation support services, some leverage our Client Accounting Services as an essential add-on. Whether you need basic bookkeeping or more […]
Accounting Guidance on PPP Loans
This year, new buzz words have made their way into our everyday language—social distancing, the new normal, Zoom calls, and yes, even PPP loans. The subject of PPP loans has proven to be challenging and ever-changing. There are many aspects to this program that require a deeper dive to understand its requirements fully. One such […]
The Impact of COVID on State Taxes
As individuals and businesses struggled over the last few months from the devastating effects of COVID, much of the focus has been on federal tax legislation intended to stabilize the economy. While PPP loans, net operating loss carrybacks, and tax credits have been at the forefront when advising our clients, ATKG has not lost focus […]
2020 Promotions Announced
Once said, “Ability is what you are capable of doing. Motivation determines what you do. And attitude determines how well you do it.” At ATKG, we believe in investing in each team member as they work to accomplish their professional goals and push themselves beyond the ordinary to reach for the extraordinary. It is with […]
Recording: That’s a wrap!
As 2020 draws to a close, accounting professionals across the nation are swiftly moving into action to execute fourth quarter prep in anticipation of year-end. ATKG’s Client Accounting Services team understands the challenges facing accounting teams. In “That’s a wrap!”, we offer insight into the most significant changes you can expect to address this year. YEAR-END […]
Pumpkins, Pinecones, and PPP: Fall News for PPP Borrowers
Happy October to our ATKG friends and family! Ordinarily, October 15th marks the end of our traditional busy season, but, as with everything else in 2020, this year is very different. We expect this fall to be just as busy assisting our clients with their Paycheck Protection Program (PPP) loan forgiveness applications. Below is a […]
Foreign Financial Accounts and Required Reporting
Every year, on April 15th, certain U.S. individuals are required to complete FinCEN Form 114, Report of Foreign Bank and Financial Accounts, otherwise known as the “FBAR.” The FBAR is granted an automatic 6-month extension, giving the report a final due date of October 15th. However, unlike individual income tax returns, the FBAR must be […]
Trump vs. Biden: An Overview of 2020 Tax Platforms
Presumptive Republican Nominee: Donald Trump President Donald Trump’s 2020 tax plan seeks to make permanent the individual, estate, and passthrough rules established by the 2017 Tax Cuts and Jobs Act* (currently set to expire in 2025). Listed below are several noteworthy aspects of the proposal: Provisions Relevant to Individuals Reduce the maximum capital gains tax […]
Do not wait…Renew your ITINs today!
As we approach the end of the year, individuals with ITINs need to be aware that several are scheduled to expire by December 31, 2020. Renewing and obtaining an ITIN can be a very tedious and long process, so it is important to do so promptly. Get informed, and do not wait until the last […]
Accounting Today Ranks ATKG 10th Best Small Accounting Firm
ATKG, LLP, is pleased to announce it has been selected as the 10th best small accounting firm to work for in the nation. Accounting Today, the leading information resource for public accounting firms announced rankings of the 2020 Best Accounting Firms to Work for in partnership with the Best Companies Group. Annually the two companies work to […]
New Form 1099 Reporting Requirements for 2020
There is no doubt that many changes have occurred over the course of the last few months. Add new and revised IRS forms to that list. The IRS recently released Form 1099-NEC to report non-employee compensation which has also led to a redesign of the familiar Form 1099-MISC used to report miscellaneous income. It is […]
Our Only Constant is Change: Update on Presidential Enactments and PPP Owner Compensation Rules
Last week, ATKG released a newsroom update on Congress’s attempt at a fourth stimulus package as well as updates on the Paycheck Protection Program (PPP). Several developments have happened since the release of that article, and we wanted to provide you with an update. Presidential Memorandums and Executive Order Last weekend, after negotiations on stimulus packages […]
Paycheck Protection Program and HEALS Act Updates
If you have been following our Coronavirus Newsroom updates, you probably felt like we were issuing legislative articles daily. Things have been relatively quiet for the last several weeks, but we have a few issues we wanted to bring to your attention. Applying for PPP Loan Forgiveness The most-asked questions ATKG receives these days relate to PPP […]
$24.7 Million in Grants Available to Small Businesses and Non-profits Suffering COVID-19-Related Losses
It’s no secret that the COVID-19 pandemic has deeply impacted small businesses and non-profits in San Antonio. To help make up for some of these revenue losses, the City of San Antonio, in partnership with LyftFund, has established the federally funded COVID-19 Recovery Grants Program. Small business owners or non-profit boards can apply for a grant of up […]
5th Best Small Company to Work for in Texas
This year marks the 15th anniversary of the Best Companies to Work for in Texas competition. The annual awards competition identifies and recognizes the state’s best employers. The program is co-sponsored by the Texas Association of Business, Texas SHRM, Best Companies Group, and Texas Monthly magazine. For the past six consecutive years, ATKG has proudly […]
New Interim Rule: PPP Borrowers Can Apply for Forgiveness Before Covered Period Ends
Today the SBA released a new Interim Final Rule to address specific loan forgiveness procedures. Most of these procedures were addressed in the ATKG news release from last week, but the new Interim Final Rule clarified an important issue. The Paycheck Protection Flexibility Act of 2020 introduced a 24-week Covered Period, which left many borrowers wondering if […]
New PPP Loan Forgiveness Applications Released and Another Interim Final Rule
The Small Business Administration (SBA) released a new version of the Paycheck Protection Program (PPP) loan forgiveness application on Wednesday to incorporate changes made by the Paycheck Protection Flexibility Act of 2020 (PPFA) signed into law earlier this month. Additionally, the SBA has created a new EZ application for borrowers meeting certain criteria. Revisions to […]
New PPP Guidance Released
Late in the evening of June 10, 2020, Treasury released the “Interim Final Rule on Revisions to First Interim Final Rule.” What a mouthful! Recall that Treasury originally released an Interim Rule on April 2, 2020 relating to the implementation of the Paycheck Protection Program (PPP). With the passage of the Paycheck Protection Program Flexibility Act […]
Bexar County COVID-19 Relief Grant Program
This week, a new relief grant program was launched in Bexar County for small and micro businesses. In a joint effort with LiftFund, a community-based lender, business owners are encouraged to apply for $6.5 million in grants through this new federally-funded program. Developed as the “Bexar County Small & Micro Business COVID-19 Relief Grant Program”, […]
PPP Flexibility Act of 2020 Signed Into Law
Yesterday, ATKG released the following legislative update. In it, Allison Miller covered the details of the Paycheck Protection Program Flexibility Act of 2020. On Friday, June 5, 2020, the President signed the proposed bill into law. ATKG understands the volume of federal changes that have occurred over the past few months can be overwhelming. Therefore, we encourage you […]
CARES Act Creates Opportunities for Farms and Ranches
According to the USDA’s National Agricultural Statistics Service, over 126,500,000 acres were used to operate farms and ranches in Texas in 2019. With millions of head of livestock and tons of cotton and produce harvested in the state annually, we know big business when we see it. At ATKG we are proud to partner with […]
Recruiting and Onboarding During COVID-19
Over the past two months, COVID-19 has impacted nearly all aspects of business as we know it, including shifting to a remote work environment. For recruiters and HR professionals, the virtual workforce has created challenges and opportunities for recruiting and onboarding new employees. Here are a few items to consider for talent acquisition during this […]
An Internal Controls Series Part II
Remember Connor Artist, the bookkeeper hired to oversee collections of Awesome Bigwig Company (ABC)? When we last left him in “An Internal Controls Series Part I,” he was embezzling money through his lapping scheme by concealing the stolen cash with subsequent customer payments. Connor has not only managed to pay off his large debt but […]
New Legislation Promises Favorable Changes for the Paycheck Protection Program
The Senate unanimously approved the Paycheck Protection Program Flexibility Act of 2020 yesterday, and the bill is on its way to President Trump’s desk. As the name of the Act indicates, it provides some much-needed flexibility for PPP borrowers. The specific changes are explained below: Extends the Covered Period from 8 weeks to 24 weeks […]
Unclaimed Property Reporting: An Often Missed Filing Requirement
What is unclaimed property? We’re glad you asked because most businesses are unaware of the unclaimed property reporting requirements. The Texas Comptroller defines unclaimed property as any financial asset or contents of a safe deposit box that have been abandoned by the property owner for one to 15 years. In Texas, you are considered a “holder” […]
The Ins and Outs of Estimated Tax Payments
Regardless of the source of your income (wages, self-employment income, interest, rent, dividends, etc.), you are required to pay tax on what you earn throughout the year. The IRS is not just concerned with how much you pay in tax but also when you pay it. Rather than waiting to pay your tax liability when […]
A Childhood Dream Come True
It all started in my living room when I was a young child. l spent endless hours looking through the pages of our set of encyclopedias. I was mesmerized by all the gorgeous pictures of nature, rock formations, and beautiful scenery the books held. Then later I watched a series of documentaries about the history […]
The SBA’s Latest Clarification of PPP Loan Forgiveness Rules
A week after the release of the Paycheck Protection Program (PPP) loan forgiveness application, the Small Business Administration (SBA) has issued a new round of guidance. On May 22, 2020, the SBA issued two interim final rules addressing loan forgiveness, loan review procedures, and borrower and lender responsibilities. This amounted to 45 additional pages of […]
NOW AVAILABLE: PPP Loan Forgiveness Application
Borrowers have waited weeks for more guidance on the loan forgiveness aspect of the Paycheck Protection Program. Over the weekend, the SBA released Form 3508, the application that PPP borrowers will use to apply for loan forgiveness. Form 3508 and its instructions clarified many (but not all) of the questions raised by our clients. The […]
Finally! Some Good News for PPP Borrowers
Yesterday, the Small Business Administration (SBA) added question #46 to its running list of FAQs, which provided both good news and clarity for Paycheck Protection Program (PPP) borrowers. Background Only after thousands of companies received PPP loan disbursements, Treasury Secretary Steve Mnuchin stated the PPP was not intended for large companies with access to capital. […]
Spanish Recording: The Ever Changing Financial Impact of COVID-19
Recorded: May 11, 2020 ATKG’s tax experts discuss the fast paced, ever changing financial impact facing our nation. ATKG remains committed to bringing you the most current information related to the CARES Act. We are here to guide you through the complex tax changes and help define what they mean to you and your business. […]
More Assistance For Struggling Businesses: Main Street Lending Program
In an effort to help businesses through the ongoing COVID-19 pandemic, the Federal Reserve has unveiled details of a new loan program called the Main Street Lending Program. Unlike the Paycheck Protection Program (PPP) administered through the SBA, the loans issued through the Main Street Lending Program are NOT forgivable, and the principal must be […]
Expenses Paid with Forgiven PPP Loan Proceeds
The Paycheck Protection Program (PPP) offers forgivable loans to businesses to cover payroll costs, mortgage interest, rent, and utilities. One of the benefits of the program is that any loan forgiveness is not includable in taxable income. Yesterday, the IRS released Notice 2020-32 to clarify that expenses paid with forgiven PPP funds are not deductible. The Notice refers to Internal […]
Recording: The Ever Changing Financial Impact of COVID-19
Recorded: April 30, 2020 ATKG’s tax experts discuss the fast paced, ever changing financial impact facing our nation. ATKG remains committed to bringing you the most current information related to the CARES Act. We are here to guide you through the complex tax changes and help define what they mean to you and your business. […]
Texas Takes Cautious Step Forward as It Reopens Businesses
On Monday, Governor Greg Abbott issued Executive Order GA-18 which announced his statewide stay-at-home order would expire on Thursday, April 30th allowing some businesses to reopen this Friday. The Governor’s announcement is accompanied by Texans Helping Texas: The Governor’s Report to Open Texas. Texas will take a phased approach to reopening which allows government officials […]
More PPP Funding Available to Small Businesses
Much to the dismay of countless small businesses, the Paycheck Protection Program (PPP) was depleted of its original funding late last week. In an effort to replenish the Program, Congress pulled together the Paycheck Protection Program and Health Care Enhancement Act, which President Trump signed into law today. The Act increases the funding available for PPP loans while also […]
Resources to Help You and Your Business Survive and Thrive During Times of Crisis
ATKG understands that many business and individuals are facing unprecedented challenges – as well as opportunities. We want to reassure you that the ATKG team is fully operational and available to assist with all your financial, tax, and accounting needs. Here are a few of our services that may be more relevant than ever. Let our […]
PPP Update: SBA Guidance for General Partners and the Self-Employed
After the initial funds for the Paycheck Protection Program (PPP) were depleted last week, Congress began negotiations on a fourth stimulus bill to provide additional funding. The Senate passed a bill yesterday that provides an additional $300 billion for PPP loans, and the bill is expected to be voted on by the House tomorrow, Thursday, […]
Paycheck Protection Program Update
The effects of COVID-19 have continued to impact our daily lives and every facet of the current business landscape in America. Of all the legislation that has been implemented, the Payroll Protection Program (PPP) has garnered the most attention. ATKG released this overview a week ago, but we wanted to clarify some aspects of the […]
IRS Announces Key Tax Deadline Extensions for Individuals, Trusts, Estates, Corporations and Others
On April 9, the IRS announced another round of extensions related to tax deadlines and payments for individuals and businesses. Previously, filings and payments of federal income taxes due by April 15th were extended to July 15,2020. Notice 2020-23 In Notice 2020-23, the IRS and Treasury Department dramatically expand its tax return filing and payment […]
Paycheck Protection Program & Advance Payment of Employer Credit
Key Updates on Paycheck Protection Program One of the most impactful programs Congress implemented to combat the effects of COVID-19 on businesses is undoubtedly the Paycheck Protection Program (PPP). The program authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. Applications for small businesses and sole proprietors can […]
Texas Extends Franchise Tax Deadline
The COVID-19 pandemic continues to disrupt life for people and businesses nationwide. To provide Texas franchise taxpayers with much needed relief, the Texas Comptroller of Public Accounts is automatically extending the due date for 2020 Texas franchise tax reports to July 15, 2020 to maintain alignment with recent announcements made by the Internal Revenue Service […]
Quick Action Needed by Businesses to Take Advantage of Paycheck Protection Program
Paycheck Protection Program The Paycheck Protection Program (PPP) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. Although loan terms will be the same across the board for all businesses, there are several requirements to qualify for a forgiven loan. The loan proceeds are used to […]
US Passes CARES Act
UPDATE: March 27, 2020 5:30 p.m. CST – US government passes the proposed 2020 CARES Act to combat growing concerns related to the COVID-19 pandemic and its affect on the national economy. No additional changes were made to the original proposal outlined below. After a marathon of negotiations, the Senate approved the $2 trillion stimulus package […]
COVID-19 Update from ATKG
In This Edition: Congressional Update, Coronavirus-Related Paid Leave for Workers, Tax Credits for Employers, SBA Federal Disaster Loans. Congressional Update: In the early hours of Wednesday, March 25th, Senate leaders and White House officials struck a deal on aLstimulus package to boost the economy. The Senate is supposed to pass the legislation at some point […]
IRS Extends Filing Deadline and Unlimited Tax Deferral
Amidst backlash from tax preparers, trade groups, and lawmakers related to the filing extension under the original notice, the IRS announced on Friday a new guidance – Notice 2020-18, which supersedes Notice 2020-17 released earlier this week. Because of the expansion of relief provided in this notice and the fact that Notice 2020-17 is superseded, […]
Mnuchin Announces Extension for April 15th Tax Filing Deadline
The latest financial news related to COVID-19 centers on a historic move made earlier today. Secretary of the Treasury, Steven Mnuchin announced the April 15th tax filing deadline has officially been extended to July 15 for all taxpayers and businesses. Mnuchin went on to say, “All taxpayers and businesses will have this additional time to […]
Treasury Department Expands Tax Payment Extension to Include 2020 First Quarter Payments
Yesterday, ATKG shared news of the US Department of Treasury’s plans to extend tax payments due by the April 15th tax deadline by 90 days for most individuals and businesses. At the time of that announcement, there had not yet been clarification on whether this extension applied to only 2019 tax liabilities or if it also covered tax liabilities […]
Department of the Treasury Announces 90 Day Tax Payment Extension
The US Department of the Treasury announced their plan to extend payments due by the April 15th tax deadline by 90 days for individuals and many businesses. Official details have not been released; however, based on the announcement it seems many taxpayers will benefit from the extension. We expect more information to be provided shortly. Here […]
COVID-19 Update From ATKG
We Remain Committed to Providing a High-level Of Service The global spread of COVID-19 is affecting the lives of everyone we know. At ATKG, we are committed to creating a lasting, positive impact for our team, our clients and our community. Right now, we think that means we need to take steps for the greater good. For the […]
A Snowy Bucket List Adventure in Colorado
Have you ever thought about what you would do if you had the opportunity to live out one thing on your bucket list? Well, at ATKG, every January you’ll find our team doing exactly that. That’s the time when the partnership challenges us to submit 3 wishes as part of ATKG’s Bucket List program. Then […]
2020 Business Tangible Property Tax Deadlines: Are You Ready?
If you are a business owner or conduct business in Texas, the preparation of business personal property tax filings should be on your compliance checklist. Any business that utilizes personal property or has inventory is required to remit a property listing (known as a rendition) and pay personal property tax. The tax rate varies by […]
A New Brand to Match Our Creative & Insightful Ways
Whether an individual or a business, over time we transition into a stronger version of our self. Often for businesses, that evolution is a result of growth, a clearer vision of your business model, or a better understanding of the uniqueness that sets you apart from your competitors. The result of these changes often leads […]
Should it Stay or Should it Go? A Roadmap to Document Retention
We are all guilty of holding on to things because “you just never know when you’ll need it.” Or, maybe you’re the total opposite and you get rid of everything because you’re a minimalist. Either way, we know you have a lot on your plate and remembering how long you need to hold on to […]
ATKG Announces Its 2020 Promotions
It’s been said “Ability is what you are capable of doing. Motivation determines what you do. And attitude determines how well you do it.” At ATKG we believe in investing in each team member as they work to accomplish their professional goals and push themselves beyond the ordinary to reach for the extraordinary. It is […]
Expertise Names ATKG Best Tax Services in San Antonio
Each year, Expertise LLC utilizes its proprietary research and selection process to identify the Best Tax Services firms in San Antonio. Based out of Seattle, Washington, Expertise is devoted to locating the top service professionals in over 200 different industries across the top cities in the United States. For their 2019 tax services list, they […]
Foreign Reporting: Beware of Major Penalties
After the recent California district court decision (United States of America v. Jane Boyd), the potential for significantly higher tax penalties can be imposed on U.S. taxpayers who unintentionally fail to comply with specific foreign tax reporting requirements. In this decision, the court held that an omission of the Reports of Foreign Bank and Financial […]
Estate Tax Planning: No Professional Needed
There has been lots of excitement regarding the estate tax changes put forth in the Tax Cuts and Jobs Act of 2017. While these changes may be short-lived (given the unsteadiness of our political climate), the new law doubled the estate tax exemption to $11.4 million per individual in 2019. This means that most estates, […]
ATKG Audit Alternatives
It’s 2019 and you just signed for your biggest line of credit (LOC) to date. Congratulations! Upon reading the terms, covenants and other bank jargon contained within the agreement, you realize you will be required to produce audited financial statements from a CPA firm. What?!?! You were just loaned money so you can turn around […]
ATKG Named One of the Nation’s Best Firms to Work for
AccountingTODAY magazine released its annual ranking of the best firms to work for in the accounting profession. ATKG proudly ranked 9th in the nation. 2019 marks the thirteenth year the magazine has published rankings – eight of which ATKG was named to the prestigious list. According to Accounting Today one thing is abundantly clear, accounting […]
A Dream Fulfilled By A Walk-About Through Italy
A Walk-About story of adventures in Italy by Senior Manager – Annette Goodson. We hope you enjoy it as much as we enjoyed hearing about it upon her return.
New Carried Interest Rules For Real Estate Professionals
As we near the end of the first year of the implementation of Tax Cuts and Jobs Act, we are actively seeing how this has impacted taxpayers. One of the many impacts from the new tax laws are the changes to the carried interest rules and their affect on real estate profession.
ATKG’s Internship Experience
ATKG’s internship program introduces college students not only to the general world of public accounting but also to the special world of ATKG. Lot’s of training, mentoring and support surround this hands-on internship experience, which includes tax return prep, accounting, consulting and more. Jackie Amador and Ryan Fluegge recently completed ATKG’s internship program and are […]
ATKG’s Internship Recruiting Process
Are you an accounting major looking for an internship? ATKG is already looking for rock star accounting students to join our team in 2021! We know that sounds far away, but public accounting firms typically conduct internship interviews an entire year in advance. So, it’s important to look at internship opportunities early. Not sure how […]
Depreciation: Tax Cuts and Jobs Act Brings Big Changes
The Tax Cuts and Jobs Act enacted at the end of 2017 brought forth many changes to the tax law that the industry knew and operated by for 30+ years. Though there are many topics the TCJA addressed, one particularly hot topic that saw significant changes was depreciation. The new depreciation legislation is effective from […]
Dotting the “I” on Your I-9 Compliance
Human resources are a time-consuming part of the life of every business owner, especially a restaurateur. In addition to attracting, training, and retaining the best talent possible, you must keep a mountain of paperwork. One of these items, the I-9s for your employees, has recently been coming under additional scrutiny by the US Department of […]
San Antonio’s Mandatory Sick Leave Ordinance is Effective Soon
UPDATE: On July 19, 2019, San Antonio officials agreed to postpone the effective date of the ordinance until December 1st in response to a lawsuit from business groups. Stay tuned for more details as negotiations play out to fine tune the ordinance. The City of San Antonio recently passed a sick leave ordinance that goes […]
Internal Controls Part 1: How Success Can Expose You to Fraud
Watching their company grow by leaps and bounds, the business owners of Awesome Bigwig Company (ABC) realized they needed to expand their team fast. They found Connor Artist, a bookkeeper seeking employment, on Craigslist and decided to hire him on the spot to take over collections. Connor, who has large amounts of credit card debt, […]
How Does Wayfair Impact Your Sales Tax Collection Responsibilities?
Last summer, the U.S. Supreme Court released its landmark ruling in South Dakota v. Wayfair, overturning the long-standing physical presence requirement for sales tax established in Quill v. North Dakota, holding that the defendants had established nexus in this case through “extensive virtual presence”. The ripple effect of this legislation has the potential for creating […]
Give Your QuickBooks a Mid-Year Tune Up!
ATKG is proud to host its second Accounting Lunch & Learn for 2019. It’s mid-year and there is no better time to assess whether you’re getting the most out of your QuickBooks accounting software. Join our presenters – Shannon Grabill and Sandy Winkley as they lift the QB hood to reveal tips and tricks to […]
Becoming a Boxing Champion
It’s said a champion is someone who pushes forward even when the going gets tough. We decided to find out for ourselves by sitting down with Manager, Ruth Olivares after a recent amateur boxing fight. Two years ago; Ruth attended Fight Night for the first-time. The event, which is hosted by the Real Estate Council […]
2018 Tax Cuts & Jobs Act: Controlled Foreign Corporations
The 2018 Tax Cuts and Jobs Act (TCJA) brought several changes to how U.S. shareholders are taxed on earnings from a foreign corporation. These provisions were enacted to move us away from worldwide tax system to a modified territorial tax system. Previously, earnings from foreign corporations were not taxable in the U.S. until the foreign […]
Under the Spotlight: Qualified Business Income Deduction
The Tax Cuts and Jobs Act of 2017 is the biggest change to the Internal Revenue Code in over 30 years. One of the biggest changes is the introduction of the Qualified Business Income Deduction. Now that the dust has settled, we are facing our first tax filing season with this new law in place. […]
Teryn Grater Discusses Ways to Keep Talented CPAs
Recently, Tax Partner – Teryn Grater discussed with the Journal of Accountancy how today’s top accounting firms are reshaping their beliefs and cultures in order to attract and retain highly skilled CPAs. Over the years, the accounting profession has encountered increasing challenges when it comes to retention due to rigid schedules and long hours. Teryn […]
The Rise of Phishing Scams: How to Recognize and Prevent Them
During tax season, the frequency of emails between accounting and consulting firms and their clients increases. Consequently, so does the number of phishing scams. Because so many of our clients share confidential and personal data with us and other key service providers, we want to share some key pointers for recognizing and handling suspicious emails. […]
Cost Segregation Studies can be a Real Estate Investor’s Best Friend
Typically, when an investor buys a piece of real estate, they view the value of the property is held in the land and the building purchased, but in reality, the investor bought much more! In the Internal Revenue Service’s mind, an investor not only bought the land and the building but also every component located […]
Don’t Let Risk Keep You Up at Night
Fraud in the Workplace What is a four-letter word that keeps business owners up at night? “Risk”. There are many kinds of risk associated with operating a business, but perhaps the most unsettling is fraud. The Association of Certified Fraud Examiners reports annually the dollar value of business assets lost to fraud. In 2018 that […]
Bucket List Moment: Cooking Classes
I was recently fortunate enough to be drawn as a recipient of ATKG’s Bucket List Program. I joined the ranks of a handful of ATKGers who were chosen to fulfill a pre-submitted bucket list item. My bucket list item included attending professional cooking classes encouraging one of my personal passions and was fully funded by […]
ATKG Announces 2019 Promotions
Since its founding in 1982, ATKG has continued to grow in a myriad of ways. From services offered to the all-star team of intelligent and creative professionals who support our clients and their unique needs, we are always looking to the future. As we continue to grow and live-out our mission to enhance prosperity for […]
A.J. Sturm Selected as Partner for ATKG, LLP
ATKG, LLP is pleased to announce A.J. Sturm has been selected as a member of the firm’s partnership. “As we continue to expand our market presence, the addition of key leadership is critical to our growth strategy.” stated Melanie Kirk, managing partner with ATKG. She went on to say, “Since A.J. joined the firm in […]
A Walk-about Through Italy
By: Kim Alaniz, ATKG Senior Recently, I celebrated my five-year work anniversary with ATKG. Time really flies when you’re having a blast at such an awesome workplace! Celebrating a work anniversary is important to ATKG, but when you reach a 5-year marker, such as 5, 10, 15-years or more the celebration shifts into overdrive. The […]
ATKG Ranks First in Nation for Best Accounting Firms for Women
For the second year, Accounting Today magazine and Best Companies Group delved deep into the results of their annual list of Best Firms to Work for to take a closer look at one special subset. Of all the firm’s who made the annual list, which ones had set themselves apart when it came to offering […]
ATKG Ranks Second in U.S. For Best Places to Work
Firms across America are pulling out the stops when it comes to retaining talent. So how does a fifty-person firm in San Antonio get ranked second in the nation for Best Small Accounting Firms to Work For by accountingTODAY? It’s simple. ATKG places employee engagement above all other factors, such as benefits, compensation, rewards and […]
ATKG Offers Cloud-based Accounting
When it comes to offering accounting solutions to meet the growing and changing needs of our clients, ATKG understands it’s our job to stay up-to-date with the latest technology in accounting. Recently, several ATKG team members became Certified Advisors for Xero Accounting – a cloud-based accounting software platform for small and medium-sized businesses. Since making […]
An Exploration into Innovative Leadership
North SA Chamber Launches Innovation Program 2018 marked the launch of the North San Antonio Chamber’s newest professional development program – Innovative Leadership. The program, built in partnership with the AACSB-accredited Greehey School of Business at St. Mary’s University, delves deep into the study of innovation. Class members explored how leading organizations have used strategic […]
The Unpleasant High Price
What is international tax? International tax may sound like a global aspect that affects large multinational corporations, but in reality, we are referring to the application of the U.S. tax system in an international environment. International tax encompasses the U.S. taxation of foreign persons doing business in the U.S. (“inbound” transactions), and the taxation of […]
ATKG Named a Top Workplace in San Antonio
ATKG has been named a Top Workplace in San Antonio by the San Antonio Express News! This is the first year that ATKG has participated in the program and has garnered the #9 spot for small-sized companies in the city. Employee surveys were sent to all members of the organization to evaluate how well employees […]
Teryn Grater Featured on Green Apple Podcast
Teryn Grater was recently featured on the Green Apple Podcast with John Garrett! Find out what she had to share on the importance of establishing trust, ATKG’s work-friendly environment, and how her traveling adventures helped grow her problem solving skills. Check out the podcast episode here. John Garrett’s Green Apple Podcast “Recovering CPA” John Garrett talks […]
What do you want to be when you grow up?
What do you want to be when you grow up? Common answers heard include, doctor, lawyer, rock star. I was one of those weird kids who knew that they wanted to be an accountant. But as a side gig, I dreamed of being a professional badminton player. In countries in Europe and Asia the sport […]
ATKG Hosts 2nd Annual Ping Pong Tournament for a Cause
Congratulations to Nesto Aguilar, our back-to-back Ping Pong Tournament Champion! ATKG recently held its second annual office-wide ping pong tournament. The tournament collected donations for the tournament winners’ favorite local charity and offered ATKGer some friendly competition. As the winner of the tournament, Nesto selected San Antonio Youth Literacy. The San Antonio Youth Literacy […]
My ATKG Scrapbook
My experience at ATKG has been exciting, fulfilling, and honestly just plain fun. I started as an intern in January 2017 and became a full-time staff in May 2018 after graduating from grad school. During my time at ATKG, I have learned a ton about taxes, the general world of accounting, and even how to […]
Qualified Opportunity Zones Could Be the Tax Savings Vehicle You’re Looking For
One segment of the Tax Cuts and Jobs Act that has garnered the attention of the business community, especially real estate professionals, is the creation of Qualified Opportunity Zones. Investment in these zones pose a significant tax incentive to investors who roll their capital gains into low income communities designated as “Qualified Opportunity Zones.” This […]
Tax-Saving Tips Every Real Estate Professional Should Know!
Welcome to the first of several blog posts covering topics that directly or indirectly impact the real estate community. I recently attended a Real Estate Council breakfast and speaker, San Antonio Mayor, Ron Nirenberg, stated that Bexar County had the 7th largest population growth in the nation from 2016 – 2017. It is projected that […]
Interstate Sales Tax Changes Likely
The U.S. Supreme Court recently voted five to four in favor of the State of South Dakota in their lawsuit against internet home goods retailer, Wayfair. Their decision effectively overturns prior cases that allowed internet and mail order catalog businesses to make sales without charging sales tax in states in which they did not have […]
Payment Options – Federal Tax Payments
While the surety of owing taxes has not changed, how you pay the tax is becoming easier. Many taxpayers are under the impression that mailing in a check or electronically withdrawing funds when the return is filed are the only option, but there are many more! Below is a brief list of the different payment […]
Estate Planning Infographic
Infographic: Estate Planning Basics
Bucket List Moment: Always Remember
I had the great privilege of being selected to carry out my bucket list wish, sponsored by ATKG, this past March. My number one bucket list item was to take my husband (SAFD Firefighter), Logan, to the 9/11 Memorial in New York City. With the nature of his job, September 11th is always very near […]
Looking for Forgiveness? The Texas Amnesty Program is Here
The State of Texas is ready to hear your confession. The Texas Tax Amnesty Program kicks off May 1 and runs through June 29, 2018. This is your chance to wipe the slate clean without paying penalties or interest. Taxpayers that did not file a required return originally due before January 1, 2018 or have […]
Tax Planning Before You Say “I Do”
The wedding planning process can truly be a whirlwind of to-dos. Finding the perfect venue, dress, flowers, cake…and the list goes on and on. Another important wedding planning item to consider is the income tax implications that will result from your newly married status. Let’s take a look at some of the main tax questions […]
Bitcoin and Virtual Currencies: What You Need to Know
2017 wrapped up as a landmark year for bitcoin and other virtual currencies (also referred to as cryptocurrencies, altcoins, or digital currencies), with record setting market prices and vast public interest in the new technology. While the general population refers to and often considers Bitcoin, Ethereum, Litecoin, etc., as a type of currency, it is […]
Tax Reform: Little Things That Can Make a Big Difference
The Tax Cuts and Jobs Act is the biggest change that has happened to the Internal Revenue Code in over 30 years. Some of the major changes, such as the pass-through deduction and excess business losses, are very complicated and require a lot of analysis. However, there are some little things you can do now […]
ATKG ranks 3rd in Best Companies to Work For Contest
We are excited to announce that ATKG has been ranked 3rd in the 100 Best Companies to Work for in Texas (small category)! This awards program is a project of Texas Monthly, the Texas Association of Business (TAB), Texas SHRM, and Best Companies Group. It is designed to identify the best places of employment in […]
Caring for the Community
I’m trying to recall the first time I volunteered. Since I can’t remember a time I wasn’t volunteering, one could say I have been doing it my whole life. Volunteering started early in my childhood. Whether help was needed at the church or in the neighborhood, it was “something you just did.” I have continued […]
Kalyn Carroll Discusses Bitcoin with WOAI
The rise of the Bitcoin and crypto currencies have posed a new challenge for CPA firms when determining clients’ tax liabilities. Senior Kalyn Carroll was featured on News Radio 1200 WOAI to discuss how Bitcoin is impacting financial portfolios. Click to hear Kalyn’s interview with WOAI.
ATKG joins Meals on Wheels San Antonio
ATKG’s first service project of the year took place at Meals on Wheels San Antonio. Meals on Wheels San Antonio aims to eliminate hunger, alleviate isolation, and foster independence for seniors. Our team was able to stuff 20 bins during our time volunteering – that’s nearly 1,000 meals for those in need! Way to make an […]
Tax Cuts and Jobs Act – Zeroing in on the specifics
On December 22, 2017, the president signed the “Tax Cuts and Jobs Act” into law, with the majority of its provisions going into effect January 1, 2018. The tax reform bill made sweeping changes to the Internal Revenue Code that will affect businesses and individuals in numerous ways. Below are brief summaries outlining the most […]
ATKG Spreads Holiday Cheer in the Community
December was a big month for our team to make an impact in our community. With so many community involvement projects around the holidays, we made sure to take advantage of the opportunity to spread holiday cheer. We participated in gift wrapping in the Elf Louise Christmas Project, collected toys for (and attended) the Blue […]
How long should I keep my documents?
As 2017 quickly approaches an end, you may find yourself wondering which documents you’ve accumulated over the years that you can safely dispose of and which you should probably hold onto. So which documents should you retain and for how long? Income tax returns and supporting documents (individual and business) The IRS has a 3-year […]
Bacchus’s Notebook – 4 Ways To Become a Sparkling Wine Champion
Now that the holiday season is in full swing, I’m guessing you are running into a lot of wine with bubbles in it. These sparklers certainly add a lot of fun to any gathering. The background and variety of sparkling wine varieties is a complex, but fascinating topic. Here are four ways you can up […]
10 Gift Ideas for the Foodie in Your Life
We all know someone who makes scrumptious dishes for gatherings, orders courageously from menus at restaurants, and always seems to have answers to any questions concerning food or beverage. Society has labeled them as “Foodies,” but we lovingly know them as brother, sister, spouse or lifelong friend. With the holidays upon us, finding the perfect […]
Give Thanks
As the holidays quickly approach and dreams of turkey, stuffing, and parades fill our thoughts, it can be all too easy to forget what you’re thankful for. Thanksgiving really is a special time to be thankful for great families, fortunate events, caring friends, amazing communities, and all the gifts of life we’re all lucky to have. So […]
ATKG Ranked 9th Best Firm to Work For in 2017
Accounting Today has released its annual listing of the Best Accounting Firms to Work For in the nation. We are thrilled to announce that ATKG has garnered the #9 spot on the list this year! ATKG, LLP has now placed in the Top 10 for four straight years. The “Best Accounting Firms to Work For” program is a […]
How to Make a Profit in the World of $90 Avocados
Owning a business is a challenge no matter what industry you are in. Keeping everything on track, growing your people, serving your customers, and working to make a profit keep many business owners awake at night. For Moris Saide, owner of Costa Pacifica restaurant, it is no different. I recently sat down with Moris to […]
ATKG hosts October Birthday Party at Boysville
Last month, ATKG took our fun-loving ways into the community to support a great local organization. As the proud sponsor of Boysville‘s October birthday party, we celebrated the October birthdays of those children living at Boysville. We kicked off the party by chowing down on some grilled hot dogs, courtesy of our resident grill master. […]
Trump Tax Reform – What You Need to Know
As a follow-up to the broad “Unified Framework for Fixing Our Broken Tax Code” released by the White House on September 27th, the House Ways and Means Committee released legislation on November 2nd titled “The Tax Cuts and Jobs Act.” The stated goals of the legislation are to simplify the tax code, reduce tax rates […]
Day of the Dead
If you have never learned the meaning of Día de los Muertos, you might think it sounds frightening, especially considering it is celebrated two days after Halloween. But do not be afraid! Día de los Muertos is not about scaring anyone. In the Mexican tradition, this day is dedicated to our loved ones who have […]
The Age of Uncertainty: Six Year-End Planning Tips for You and Your Business
We are living in uncertain times. All year Congress and the Trump Administration have been jousting over topics that will affect every taxpayer in America. From healthcare to tax reform, few years in recent memory have entered the fourth quarter with so many unanswered questions. Effective year-end planning involves much more than just thinking about […]
The American Dream
I always joke that accounting is in my blood. My story begins with my great grandmother, Julia, who immigrated to the United States from Russia via Ellis Island. In Russia, Julia’s father would loan her to neighboring farmers to work the land. One of these farmers knew of Julia’s dream to immigrate to America and […]
Hurricane Disaster Update
As many continue to assess the damages from recent hurricanes, the IRS has expanded the federally declared disaster areas to cover additional counties. Some of the counties now include areas of San Antonio, Austin, Houston, Dallas, and Ft. Worth. This means individuals and businesses could have additional time granted to them for filing various returns. […]
5 Steps to Take Your Soups from So-so to Supreme
“Give a man a fish and you feed him once. Teach a man to fish and you feed him for a lifetime.” I’ve always thought that notion is incredibly relevant to cooking as well. We can adapt it to say – “Teach a man a recipe and he can make one meal. Teach a man […]
The Pleasures Of The Patio
Can you feel it? Was that a bit of cool air in the breeze? Yep – fall is just around the corner. If you, like me, are a native San Antonian, when the mercury drops below 90 degrees, it’s time to celebrate. Things are going to start cooling off, so it’s time to get outside […]
Equifax Data Breach: Are you affected?
Recently, one of the three credit reporting agencies, Equifax, announced that it experienced a data breach from May 2017 through July 2017. This breach exposed sensitive personal information of 143 million U.S. consumers (nearly half of the U.S. population). The leaked information includes social security numbers, driver license numbers, birth dates, home addresses, e-mail addresses, […]
Tax Impact of Hurricanes Harvey and Irma: What You Need to Know
Click here for an update on hurricane disaster relief. The recent catastrophes in the Gulf of Mexico have impacted millions of taxpayers in multiple states. Damages are predicted to be in the billions of dollars. To help relieve the burden on those who have suffered loss, the IRS has implemented several relief programs. There are […]
Bucket List Moment: Skydiving
“There is no such thing as a perfectly good airplane.” Comforting, huh? This is the sign that stands outside of Skydive San Marcos and the first thing I saw when we turned left and headed down the road to what could only be the scariest adventure of my life (or so I thought). What led […]
Bacchus’s Notebook – In Defense of the Sweet Life
Wine comes in all shapes and sizes, and that is one of the things I love most about it. There are hundreds of types of grapes, diverse areas where grapes are grown, and countless ways to turn grapes into wine. With all of this diversity, there is a wine out there for everyone. Sadly, in […]
How to be a Successful Mentee
I can’t think of a major challenge or opportunity I have faced in my life without discussing it first with a mentor. I’m lucky to say I have had incredible teachers, coaches, coworkers, and friends all serve as my mentors and help me work towards achieving my goals. Identifying an individual to be your mentor […]
Ping Pong for a Cause
This summer has flown by, and we can hardly believe it is already time for our interns to head back to school for the fall semester. But before they went back to hitting the books, they hit a few ping pong balls – and for a great cause! ATKG held an office-wide ping pong tournament […]
Back to School – Time Saving Tips
Summer is over and now it’s time to head back to school. With school come the associated activities before school, after school, and on the weekend. With all of the insanity, let’s talk about some time saving tips that are, pardon the pun, timely. Utilize meal prep: With some careful planning, you can cook one […]
How Can My Business Benefit From a Cost Segregation Study?
Business owners often invest in buildings and land to expand their operations. Those things cost a lot of money, but there is a way to get your cash out of the investment faster – a cost segregation study. Cost segregation studies (“cost segs” for short) allow you to ‘break up’ your purchase price into groups […]
Happy Anniversary – Off the Menu Turns 1 Year Old
It’s hard to imagine, but Off The Menu is turning one year old this week. In our first year of posts, we have explored some of ATKG’s favorite margaritas, taken a look at some great recipes, learned a bit about the magic of wine, and we have gotten to meet some of the best and […]
Kirk & Grater receive SABJ 2017 Women’s Leadership Award
ATKG would like to congratulate two of our partners, Melanie Kirk and Teryn Grater, for receiving the 2017 Women’s Leadership Award! The San Antonio Business Journal recognizes women each year who are “leaders in their fields and in our community, what many would call agents of positive change. These women care about our community’s success […]
How does unlimited vacation work at ATKG?
Large corporations like Netflix, GE, and LinkedIn have done it, but is it possible for smaller companies to implement an unlimited paid-time-off policy? ATKG has had the policy in place for more than a year and many want to know, does it really work? ATKG made headlines when we first announced our unlimited PTO policy […]
ATKG Named to Accounting Today’s 2017 Best Accounting Firms to Work For
ATKG was recently named as one of the 2017 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees. ATKG has earned a spot on the Best Accounting Firms to Work For list for six straight years. […]
The Cabernet Grill: Our Dining Experience
In our last installment you got the chance to hear about Ross Burtwell, the chef and owner of The Cabernet Grill in Fredericksburg. After Cassie and I visited with Ross, we stayed for dinner and ate an eleven course meal fit for a king! Here are some highlights of my favorite dishes. With the meal […]
Creating a Budget 101
Part of the fun – and maybe sometimes the burden – of being an adult is having free reign over your funds. Payday comes and suddenly you can think of a lot of ways to use that hard earned money. But have you ever checked your bank account two weeks later and wondered what in the […]
The Cabernet Grill: Getting to Know Chef Ross Burtwell
San Antonio residents are lucky to be surrounded by unique small towns that are so rich in history and culture. Brandon and I were fortunate to sit down recently with Ross Burtwell, owner and chef of the Cabernet Grill and Cotton Gin Village in Fredericksburg. His is such a great success story that we had […]
ATKG Named to SABJ Fast Track Awards
The San Antonio Business Journal honored the top 50 companies in the city with exemplary revenue growth. ATKG is proud to announce that we made the San Antonio list with 30.1% growth from 2014-2016! This is the sixth time for ATKG to receive this honor. Congratulations to all of the Fast Track Award winners and […]
ATKG featured in the Journal of Accountancy
ATKG was recently featured in the Journal of Accountancy for our unlimited paid time off policy. The Journal of Accountancy is a national publication providing a wide range of resources for today’s CPAs. In 2016, ATKG implemented a new PTO policy that allows employees to take unlimited vacation. Over the past 18 months, ATKG has […]
The Journey from Swimming to Accounting
My love for swimming started when I was only seven years old. Towards the end of my first year attending Harmony Hills Elementary School, I took home a flyer for the summer league swim team and my dad agreed that it would be a perfect idea for my brother, Danny, and I to join the […]
Celebrating the 4th of July
For many, the Fourth of July evokes memories of great times with family—having fun in the water, eating together, and maybe watching a parade or fireworks (my favorite). I love the pride and unification it promotes for our great nation. Last year, we hosted some friends for dinner, went to celebrate in Seguin at a […]
Where There’s Smoke – There’s BBQ
With summer getting into full swing, many of our minds are turning to BBQ. To help us get in the spirit, we have asked Ernesto Aguilar, ATKG’s BBQ expert, to share some of his favorite tips on how to smoke a great brisket. Enjoy! One area of barbecuing that excites me the most is trying […]
Avoiding Professional Email Pitfalls
In this tech-savvy world that millennials know oh so well, you would think that email communication would be an easy thing for us to master. Unfortunately, there are several pitfalls that can occur when sending a professional email. Sometimes it can be a natural habit for us to open our inbox in the morning and […]
Leaving a Charitable Legacy
Most of us struggle from time to time with the question of “How do I leave my mark on the world?” Some folks create a lasting legacy by building businesses that are still going strong after they die; some folks create a lasting legacy by writing an important book, or serving in a political post. […]
Bacchus’s Note Book: A Visit to 1851 Vineyards
After a long career as a public school teacher, most folks would relish the chance to retire in the beautiful Texas Hill Country. Not John and Dabs Hollimon. Rather than kick back and watch the sunset, these high energy retirees decided to plant some grapes and start a vineyard. Thus was 1851 Vineyards born. A […]
The Millennial’s Quick Guide to Buying a House
Sara is back! This time she’s giving tips for buying a house. -Amy So you’ve read our last Millennial Moment Blog and have decided to buy a house – now what? HGTV will have us believe that buying a house is as easy as looking at three properties, ticking off a couple of pros and cons, […]
Julie Spurlock Receives Accounting Excellence Award
ATKG is proud to announce that Julie Spurlock has been named the 2016-2017 Accounting Excellence Award recipient for St. Mary’s University. The Texas CPA Society’s Accounting Education Foundation honors one outstanding accounting student from each Texas college and university participating in the program. To be eligible for this honor, candidates must have an excellent academic […]
Serving With Purpose
I went to an event a couple of weeks ago called Leadercast and was truly inspired listening to their all-star line-up of speakers. The topic of the day was “Powered by Purpose,” and I wanted to share a few tidbits of what I learned with you. While this isn’t directly a food topic, I think […]
Four Things to Consider When Deciding to Rent vs. Buy
If you’ve been out of your dorm room for a while, you may be at that crossroads where you’re trying to decide whether to renew the lease on your post-college apartment or take the leap into homeownership. There are several factors to consider before crossing this item off the adulting checklist. What’s your motivation? Sometimes […]
Coping with the Dreaded Sales Tax Audit
It starts with a letter in the mail – you receive the Notice of Audit from the Texas Comptroller’s office or another state’s taxing authority. Whether you’ve been through the process before or you’re a first-timer, this likely strikes terror in your heart. In Texas, the statute of limitations is four years, so an audit […]
The 4-1-1 on the New Rules for Partnerships
On November 2, 2015, President Obama signed into law the Bipartisan Budget Act of 2015 (hereafter, BBA) which included drastic changes in the IRS’ ability to collect tax on partnership-level income as a result of an audit and also made changes to the rules regarding who represents the partnership under the new rules. The new […]
Bacchus’s Notebook: Rosé by any other name…
In our mission to help bring all things restaurant, food, and wine to you, our readers, Cassie and I decided it would be a great idea to include some wine blogs in our lineup. You might have read our first two additions a few months back titled “Wine 101”. They were such a hit (thanks […]
It’s All About the Culture
Guess what – ATKG was named the #1 Best (small) Company to Work For in Texas for 2017! And as an added bonus, I was one of the ATKGers who got to go to Austin to accept the award. The Best Companies to Work For Gala recognized the top 100 companies in the state […]
Texas Franchise Tax Update
In the last few weeks, most business owners have been racing to get their federal tax returns extended or filed by the April deadline. It’s easy to forget there is another tax deadline quickly approaching – Texas Franchise tax returns are due on May 15th. An extension may be filed, but tax due (lower of […]
Local Cookbooks
While the convenience and popularity of recipe websites, food bloggers and Pinterest cannot be denied, there is still something nostalgic and special about thumbing through a cookbook to look for new recipes. San Antonio and the surrounding areas are fortunate to have many great chefs and authors. This makes me really proud, so I wanted […]
The Ultimate Party with a Purpose
San Antonio’s favorite time of year is quickly approaching! There is no one more perfect to write a post about Fiesta than ATKG’s very own Fiesta Queen, Dee Bandy. I hope you’ll enjoy the blog and start making plans to attend at least one Fiesta event this year! ~Cassie Fiesta is San Antonio’s biggest festival. […]
Unclaimed Property – What is it all about?
Joe owned a successful small business for over thirty years. He loved what he did, and while he had a lot of responsibilities, he thought he managed everything well, worrying about the important things and ignoring the unimportant. Case in point: he figured if vendors or employees never cashed their checks, that was on them, […]
Best Small Company to Work for in Texas – Again!
ATKG, LLP Ranked #1 — Again Best Companies to Work for in Texas 2017 ATKG, LLP is thrilled to announce that we were once again named the #1 “best small company (15-99 employees)” by Best Companies to Work for in Texas! The awards program was created in 2006 and is a project of Texas […]
In the Spotlight
“I know him!” and “I’ve been there!” Isn’t it so exciting to see a familiar place or face on TV? My “claim to fame” is that my dad once gave George Strait a haircut when they were kids. We all enjoy identifying a connection with the people and places we see on TV. It’s part […]
Decode the Dress Code
If I had to guess, I would say one of the most common questions I ask people is, “what are you wearing to [insert name of event]?” No one wants to feel awkward and overdressed, but then you definitely don’t want to be underdressed. Where is the happy medium? How do you know? Why is […]
Will Succession for your Business be Planned or Unplanned?
Let’s face it, if you own a closely-held business, at some point in your business’s future there will be an ownership transition. Do you want to transition in a way that leaves a legacy business or legacy amount of cash in the bank? Alternatively, perhaps you want to roll the dice and hope it all […]
Wine 101 – Part Two: Pairing Wine With Food
Last time we discussed some of the basics of wine knowledge. Now let’s take a similar approach to putting wine and food together. Most of the time, folks are going to drink wine at a meal or with some kind of snack. There is a lot of voodoo about what wine goes with what food […]
I need to file my tax return. Where do I start?
Attention millennials: it’s tax time! Whether you are currently in college or busy establishing your career, I would venture to guess that taxes are starting to feel more complicated than before. Lots of tax forms, questions, and confused looks surface during tax season, but filing your return doesn’t have to be stressful. Get started on […]
20 Fun Facts About Samantha Ralls
1. Where were you born and raised? I was born in Kalispell, Montana. We moved several times when I was a child, but settled in the Olympia area of Washington state when I was 8. 2. How long have you worked at ATKG? 13 glorious months 3. When you were young, what was your dream […]
Wine 101 – Part One: Introduction to Wine
Wine is one of the world’s oldest drinks. The first grapes can be traced back thousands of years before modern civilization began. At the time, most folks drank wine because it was safer than drinking water. Now that we don’t have to worry about pesky bacteria in our water, we drink wine simply for enjoyment. […]
Formal Dining: the Second Course – the Interview Meal
Last time, we talked about a basic overview formal dining. Now, we are tackling a smaller niche of dining etiquette: the interview meal. Interviews over lunch or dinner are a separate ballgame from traditional interviews in a conference room. The casual environment gives the interviewer a chance to see a candidate in a different light […]
Estate Planning for the 99%
When most of us hear the words “estate planning,” we tend to tune out, thinking that it doesn’t apply to us. While it’s true that 99% of Americans don’t have a taxable estate (i.e., more than $5,490,000 of net worth for 2017), and despite our new President’s desire to rid the tax code of the […]
CommonWealth: A Taste of France With a San Antonio Spin
Brandon and I recently had the pleasure of sitting down to visit with Jose Ramon Campos, the operating partner of CommonWealth Coffeehouse & Bakery. Many of you are probably already fans of this delicious French bakery, which recently celebrated its two-year anniversary, but you may not know some of the backstory and what differentiates this […]
Formal Dining: the First Course
Whether it’s a friend’s wedding, a fancy fundraiser, or business conference, you are bound to find yourself in a formal dining situation at some point – maybe even more often than you would expect. These environments might make you a little uneasy if you aren’t sure what to do. At one point, my go-to strategy […]
From Athlete to Accountant
I was born and raised in the Great Lone Star State in a small town located 45 minutes from San Antonio. The one thing I can say about my town is that it is “simply Devine” (Devine, TX, that is). I grew up playing sports for the majority of my life. But if I wasn’t […]
Food on Demand
In this fast-paced and technology-savvy society, consumers are moving strongly towards greater convenience. There’s a strong trend in the popularity of food delivery options. As a Consumer You can’t deny that the convenience of a food delivery service is awesome. You simply order online or through an app, pay the delivery service for your food […]
Connie and Joe Mitchell
My wife Connie and I are entrepreneurs. Over the years we’ve run 20 or more different companies. Some of them have been fledgling start-ups, while others have been billion dollar, full-blown organizations. While it is always our intent to be successful with these business ventures and make money, we’re realistic – some are profitable and […]
Retirement Fund Basics
In the last Millennial Moment blog, we talked about tips for when you’re starting a new job. Now, let’s fast forward a few decades to the end of our careers when we are older, (hopefully) wiser, and about to retire. While retirement might feel forever away, now is actually the time to start planning and […]
Updates & Changes to Your 2017 IRS Filings
Due to legislation that passed in 2015, some of the due dates for tax returns and other IRS filings are changing. The changes go into effect at the beginning of 2017. In order to help you keep track of these changes, we have created a quick chart for your reference. Form 1099 Miscellaneous Income and […]
New Year, New Habits
Happy New Year! Marcus is guest blogging this week to discuss healthy eating habits for the New Year. I’ll talk to you guys soon! ~Cassie One phrase that tends to go missing in action from my vocabulary every holiday season is “No thank you”. Of course this is caused by the expertly executed culinary genius […]
ATKG Now Offering Litigation & Forensic Accounting Services
The San Antonio Business Journal shared ATKG’s addition of a litigation and forensic accounting services. Bill Bradley and Angie Stone, previously of Mangum, Schieffer, Bradley & Co PLLC, have joined ATKG to spearhead a six-member litigation and forensic accounting services team. With the addition of the new service line, ATKG can further serve its clients by offering support […]
Starting a New Job? How to Have the Best “First Week”
It’s a new year with new opportunities. For some, the New Year might offer the chance for a new job. As exciting as starting a new job can be, it can also be a little nerve-wracking. The first week of a job is basically just like your first week of high school. You want to […]
Leap of Faith
In the summer of 2013, I made a life changing decision to start a completely new career. There was no turning point or epiphany that occurred, but rather a desire for more. I was an accomplished assistant general manager at an amazing local restaurant based out of California. My compensation was great, and I truly […]
‘IRS’ Latest Position on Bad Boy Guarantees
The IRS recently released a generic legal advice memorandum (GLAM) reversing its position issued earlier this year with regard to the treatment of “nonrecourse carve-outs” or” bad boy” guarantees commonly provided in commercial real estate financing transactions. What’s a “nonrecourse carve-out” or “bad boy” guarantee? Real estate partnerships typically use a combination of partner equity […]
It’s Spring!
I wonder what about the season is so comforting. Is it the warming temperatures after a long winter? I’m pleased to say we don’t really have those in San Antonio, and I still appreciate spring just the same. I think it must be the “green” of it. A deep rich green as all plants wake […]