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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!

09/03/2026

If you have a traditional IRA, you may want to consider converting some or all of the balance to a Roth IRA. Such moves typically allow people to turn tax-deferred future growth into tax-free growth and take advantage of a Roth IRA’s estate planning benefits. The converted amount is taxable the year of the conversion. But income tax is currently at historically low rates, potentially making this a smart time to convert. Whether a Roth conversion makes sense for you depends on such factors as your age, whether you can afford to pay the tax now, your current tax bracket, the tax bracket you expect to be in when you retire and your estate planning objectives. Contact us for advice.

08/31/2026

Improving accessibility at your business may come with a valuable tax break: Eligible small businesses can claim the Disabled Access Credit for certain costs related to improving accessibility for individuals with disabilities. A business may qualify if, in the prior tax year, it had gross receipts of $1 million or less or no more than 30 full-time employees. The credit equals 50% of eligible expenses above $250 but not above $10,250. Examples of potentially eligible costs include providing interpreters for people with hearing impairments, providing readers for people with visual impairments, and acquiring or modifying equipment or devices. We’re here if you need guidance on the credit.

08/30/2026

The IRS has launched a digitally authenticated Tax Compliance Report that taxpayers can access through their IRS Individual Online Accounts. A tax compliance report shows whether an individual has filed tax returns and paid taxes on time. The report helps protect privacy by not showing the individual’s income, dependents or filing status. You can securely download the report when applying for a job or government benefits or completing a loan or mortgage application that requires tax compliance information. Organizations that receive the report can use its built-in digital certificate to confirm authenticity. For additional information, contact us or visit https://bit.ly/4gOIpsr

08/29/2026

Are long-term care (LTC) insurance premiums tax-deductible? It depends. Qualified LTC policies are considered health insurance under federal income tax rules. So if you buy a policy, your premiums are treated as medical expenses for itemized deduction purposes. But your total eligible medical expenses for the year must meet the 7.5% of adjusted gross income threshold before you can start deducting LTC premiums. And there are age limits on how much you can deduct — for example, $500 for individuals age 40 and under and $6,200 for those 70 and over. Other age groups’ 2026 maximums fall between these two. Contact us for more information.

08/28/2026

One of the items contained in the IRS’s Taxpayer Bill of Rights is the right to finality. Although finality may sound a little obscure, this right is critical if you’re being audited. For example, the IRS usually has a limit of three years from your filing date to assess additional tax (but it has unlimited time for a fraudulent return). What’s more, the IRS generally has a limit of 10 years from assessment to collect any tax due. And you can be subject to only one audit per tax year (although the IRS can reopen a previously audited return). You also have the right to know when an audit is complete. If you disagree with an IRS assessment or action, we can help.

08/27/2026

U.S. businesses that export goods to Canada should prepare for tariffs taking effect Sept. 8, 2026. Canada will impose tariffs of 15%, 25% or 50% on certain U.S.-origin products, with rates varying by product. Affected sectors include agricultural equipment, appliances, dairy, electronics, pulp and paper, and steel. The measures apply only to goods originating in the United States. U.S. goods already in transit to Canada when the tariffs take effect generally won’t be subject to these tariffs. If your products are subject to the tariffs, Canadian importers may seek price concessions to offset tariff costs, or you might become less competitive there. Contact us to discuss the potential impact.

08/26/2026

The IRS has established an Office of Conservation Easements to centralize expertise and coordinate policy, enforcement and case resolution involving conservation and historic preservation easements. As part of the transition, the IRS has ended its uniform settlement initiative (announced on May 13, 2026) and withdrawn deadlines for accepting previously issued offers. Prior elections remain in effect. Taxpayers with pending eligible cases may still request settlement under the May 13 framework through their assigned IRS examination or chief counsel representative, though different terms may apply in individual cases. We’re here if you have questions.

08/07/2026

A bipartisan tax bill that could improve tax administration and reduce burdens for taxpayers advanced out of the Senate Finance Committee on July 30. The Taxpayer Assistance and Service Act would, among other things, expand digital services, increase transparency about processing delays and wait times, add more callback options and provide additional relief for some taxpayers facing financial hardship. It would also strengthen oversight of tax return preparers and enhance services provided by the Taxpayer Advocate Service. The bill now moves to the full Senate for consideration. We’ll continue to monitor its progress and keep you informed.

08/06/2026

Cryptocurrency holders: Be alert for a new IRS impersonation scam. Fraudsters are mailing fake IRS letters directing recipients to a bogus “Digital Asset Compliance Portal.” The letters instruct recipients to scan a QR code that leads to a fraudulent website designed to look like https://bit.ly/2qDnQsI The site may ask for personal information, cryptocurrency wallet details, or exchange account credentials that criminals can use to steal identities or digital assets. If you receive one of these letters, don’t respond. Report any suspicious communication to the IRS immediately (https://bit.ly/4h71IOi). If you have questions about an IRS notice or digital asset reporting, we’re here to help.

08/05/2026

Do you own rental property? You may be able to avoid having your rental real estate treated as a passive activity — and the negative tax consequences that can come with that treatment — by qualifying as a real estate professional for tax purposes. To qualify, you generally must spend more than 750 hours during the tax year in qualifying real property trades or businesses, and more than half of your total working time must be in those activities. If you qualify and you “materially participate” in a rental activity, losses from that activity are generally treated as nonpassive and may be deductible in the current year against nonpassive income. If you have questions, we’re here to help.

Address

11511 Katy Freeway STE 630
Houston, TX
77079

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Website

https://www.xqcpahouston.com/

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