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FEMA Disaster Area Designation and Amendment: Arkansas and Texas

On May 30, 2016   /   Tax Compliance   /   Leave a comment

The Federal Emergency Management Agency (FEMA) has announced that the president on May 6, 2016, determined that certain areas in Arkansas are eligible for assistance from the federal government under the Disaster Relief and Emergency Assistance Act (42 USC 5121) as a result of severe storms, tornadoes,

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President Signs Manufacturing Bill Designed To Cut Certain Import Taxes

On May 30, 2016   /   Tax Legislation, Tax Planning   /   Leave a comment

President Obama signed into law the American Manufacturing and Competitiveness Act of 2016 on May 20. The bill was approved by the House on April 27th and passed the Senate on May 10th. The new law calls for a three-step process under the Miscellaneous Tariff Bill (MTB)

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Ways and Means Lawmakers Introduce Bill to Remove SSNs from Mailings

On May 30, 2016   /   Internal Controls, Tax Legislation   /   Leave a comment

House Ways and Means Social Security Subcommittee Chairman Sam Johnson, R-Tex., and Subcommittee member Jim Renacci, R-Ohio, on May 25 introduced legislation intended to protect taxpayers from identity theft. The Social Security Must Advert Identity Loss (Social Security MAIL) Bill of 2016 (HR 5320) would require the

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IRS Extends Filing Deadline for Taxpayers Affected by Severe Storms

On May 30, 2016   /   Internal Revenue Service, Tax Compliance, Tax Planning   /   Leave a comment

On Wednesday, the IRS announced that affected taxpayers of the severe storms and flooding that took place beginning on April 17, 2016 who reside or have a business in Fayette, Grimes, Harris and Parker Counties may qualify for tax relief may qualify for tax relief from the

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Internal Controls for Small Businesses

On April 1, 2016   /   Bookkeeping, CFO - Chief Financial Officer, Entrepreneurs!, Internal Controls   /   Leave a comment

As business owners we are all too familiar with the hard work that it takes to run a successful business, and all the intricacies that are involved to make that happen. While we are on our journey to achieving great success and materializing our brand we are

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What to Do with Your Form 1095-C

On February 25, 2016   /   Internal Revenue Service, Tax Compliance   /   Leave a comment

Form 1095-C, Employer-Provided Health Insurance Offer and Coverage Insurance, provides you with information about the health coverage offered by your employer.  In some cases, it may also provide information about whether you enrolled in this coverage. Here are the answers to some of the common questions our

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What to Do with Your Form 1095-B

On February 23, 2016   /   Internal Revenue Service, Tax Compliance   /   Leave a comment

This year, you may receive one or more forms that provide information about your 2015 health coverage you had in 2015.  These forms are 1095-A, 1095-B and 1095-C.  This tip is part of a series that answers your questions about these forms. Form 1095-B, Health Coverage, provides

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Change Your Name? It Can Affect Your Taxes

On February 18, 2016   /   Internal Revenue Service, Tax Compliance   /   Leave a comment

A name change can have an impact on your taxes. All the names on your tax return must match Social Security Administration records. A name mismatch can delay your refund. Here’s what you should know if you changed your name: Report Name Changes.  Did you get married

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Poor Planning Can Sink Your Business

On January 25, 2016   /   Bookkeeping, CFO - Chief Financial Officer, Rascon CPA Firm   /   Leave a comment

Forecasting is essential for your business and should not only be used to get you through the tough times.  It is part of your business lifestyle.  Therefore, you should always be forecasting – thinking about what will happen, assessing the likelihood of it happening, and what actually

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American Cancer Society – Couture for the Cause

On January 24, 2016   /   Community Outreach, Rascon CPA Firm   /   Leave a comment

The American Cancer Society kick off party at Mercedes-Benz of The Woodlands was a smashing success.  Many people in the community were in attendance and the committee organizers for this event knew how to get the fundraising for this great cause off with a bang! There was

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© 2019 Rascon CPA Firm. The Rascon CPA Firm is dedicated to providing specialized tax planning, compliance, bookkeeping, and consultation services for individuals and small and medium sized companies for both domestic and international tax related issues. CPA The Woodlands, TX.
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