XQ CPA

XQ CPA We are dedicated to going the extra mile in serving small business owners! Welcome to XQ CPA! Not all accountants are alike. We're different.

At XQ CPA PLLC, we are dedicated to going the extra mile in serving small business owners. While other accounting firms may offer similar services, our services are unique in that we always strive to understand and meet your needs!

06/18/2026

July 6 Deadline Alert: Claim Your R&D Tax Credits Now!

Your business may qualify for valuable R&D tax credits, even if you're not a tech company. If you're developing products, improving processes, or creating software, you could be leaving money on the table. Find out if your company is eligible and maximize your claim with XQ CPA.

06/15/2026

How Shareholder Loans Can Help Reduce Double Taxation

How you fund your C corporation matters. Properly structured shareholder loans may offer greater tax efficiency than equity contributions and help reduce double taxation.

06/14/2026

Could You Qualify for 100% Tax-Free Capital Gains?

Qualified Small Business Stock (QSBS) may allow eligible business owners to exclude up to 100% of capital gains from federal taxes. Learn how the latest rules could benefit your long-term exit strategy.

06/13/2026

New Crypto Tax Rules? Here's What the PARITY Act Could Mean

Congress has introduced the PARITY Act, aiming to simplify digital asset taxation and provide greater clarity for taxpayers and businesses. Learn what these proposed changes could mean for your crypto transactions.

06/08/2026

A lower-tax state doesn't always mean lower taxes.

When relocating, it's important to evaluate the full tax picture and properly establish your new tax residency to avoid costly disputes.

Learn the key tax considerations before your next move.

06/07/2026

Are your business losses actually helping reduce your taxes?

Many LLP and LLC owners don't realize that Passive Activity Loss (PAL) rules can limit the deductions they're allowed to claim. The key may come down to one thing: material participation.

Watch this video to learn what the IRS looks for and how proper recordkeeping can help protect your deductions.

06/06/2026

đź“… Think tax season ends in April? Think again.

Several important tax deadlines remain throughout 2026 that could impact your tax planning, retirement contributions, and potential tax savings.

Watch this quick guide to stay compliant and avoid costly surprises before year-end.

Home renovations can improve a residence’s comfort, functionality, aesthetics and resale value. They might also provide ...
06/06/2026

Home renovations can improve a residence’s comfort, functionality, aesthetics and resale value. They might also provide tax benefits. You may be able to deduct mortgage interest on debt used to substantially improve your home. Certain improvements can also increase your tax basis, potentially reducing taxable gain when you sell. Medically necessary modifications may qualify as deductible medical expenses, subject to limits. And if you overlooked claiming now-expired credits for qualifying energy-efficient home improvements you made in 2025, an amended return may be worth considering. Contact us to talk taxes before or after a home renovation.

In 2024 and 2025, the IRS prevented $7 billion in fraudulent tax refunds and used identity theft filters to flag about 7...
06/05/2026

In 2024 and 2025, the IRS prevented $7 billion in fraudulent tax refunds and used identity theft filters to flag about 7.5 million tax returns for additional review, according to a May 13 audit report from the Treasury Inspector General for Tax Administration (TIGTA). Advanced filters and manual reviews help identify suspicious tax filings while minimizing disruptions to legitimate returns. TIGTA recommended moving up the March 31 filing deadline for certain information returns, such as many 1099 forms and Form W-2G, “Certain Gambling Winnings.” The IRS agreed, estimating that an earlier deadline could help protect an additional $944 million in revenue for fiscal years 2025 through 2034.

Final regulations released by the IRS stipulate that partnerships no longer need to provide detailed gain and loss infor...
06/04/2026

Final regulations released by the IRS stipulate that partnerships no longer need to provide detailed gain and loss information to selling partners by January 31. This deadline had become a contentious issue. The tax code requires that any portion of a partnership’s sale proceeds attributable to the partner’s share of unrealized receivables and inventory items be reported as ordinary income. Other sale proceeds are generally taxed as capital gains. But partnerships complained that the reporting deadline was hard to meet. Now, partnerships can provide such information to partners according to their natural end-of-year tax compliance cycle, on or with Schedule K-1.

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11511 Katy Freeway STE 630
Houston, TX
77079

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Tuesday 9am - 5pm
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Thursday 9am - 5pm
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