Larson CPA PLLC

02/24/2024

Come visit us at the Burleson Business Expo at Pathways Church! Thanks to the Chamber and all involved for putting this on for the businesses in our community!

12/07/2023

We have an exciting announcement to make!

As the off-season starts to wrap-up, our team has been hard at work preparing to make the upcoming tax season a resounding success for all our clients. In addition to working on client projects, we've also been working on some internal projects. A key focus has been building a more recognizable brand and revitalized website for the public.

We're thrilled to announce the launch of our new website, complete with updated branding! This transition - out with the old, in with the new - marks a significant milestone for us. While we'll continue refining the website, we believe the new format is easier to navigate.

We invite you to explore the new features and streamlined experience at https://larson.cpa Your feedback is extremely valuable to us, so please don't hesitate to share your thoughts or questions.

10/25/2023

How a CPA Helps your business’s financial health

A Certified Public Accountant (CPA) plays a pivotal role in safeguarding and enhancing the financial health of a business. With their rigorous training, broad understanding of financial regulations, and expertise in various accounting disciplines, CPAs offer invaluable insights into financial planning, efficient tax strategies, and risk management. Their analytical skills can unearth financial trends and irregularities that might go unnoticed, ensuring that a company's financial operations remain robust and that potential issues are addressed proactively.

Larson CPA is here for all your tax and accounting needs – reach out to us to see how we can help!
https://larson.cpa
[email protected]

Larson CPA - Tax & Accounting

10/23/2023

Pros of Outsourced Bookkeeping II

A second benefit of outsourcing your bookkeeping is the ability to plan and react to business situations because a professionally prepared set of financials give business owners the insights they didn’t have access to before. Cash flow management and understanding business indicators allow businesses to grow in the good times and weather the lean times.

Larson CPA is here for all your tax and accounting needs – reach out to us to see how we can help!
https://larson.cpa
[email protected]

Larson CPA - Tax & Accounting

10/20/2023

Common Missed Deductions – Travel

This is another deduction that people often misunderstand. Travel expenses are subject to strict substantiation requirements under §274(d) of the Internal Revenue Code. Simply keeping track of the expenses from a bank statement does not suffice. Business owners must provide accurate records demonstrating the amount, time, place, and business purpose of the travel. It's imperative for business owners to consult with knowledgeable tax professionals to ensure they meet the criteria set forth in §274(d) and maximize the deductions that can claim.

Our Tax & Accounting Services can help small business owners avoid the costly mistake of missing out on deductions. Larson CPA is here for all your tax and accounting needs – reach out to us to see how we can help!
https://larson.cpa
[email protected]

Larson CPA - Tax & Accounting

10/18/2023

IRS Audit Safeguards – Documentation

I want to talk today about one of the most commons adjustments I saw when I previously worked at the IRS.

It wasn’t an expense category, like travel, or meals & entertainment – it was the lack of documentation!

Business owners oftentimes did not have a properly prepared set of financial statements, and when they did, they couldn’t back up everything with receipts or bank statements.
At Larson CPA, we are required to keep the workpapers we use to prepare tax returns for 7 years. We encourage all of our clients to also keep copies of business financial statements, bank statements, receipts, invoices, and bills either in a digital or paper format for at least 7 years as well.

Larson CPA is here for all your tax and accounting needs – reach out to us to see how we can help!
https://larson.cpa
[email protected]

Larson CPA - Tax & Accounting

10/16/2023

Happy Extended Deadline Day!

Planning for next year starts NOW - reach out to get some time on our calendar if you are considering finding a CPA for tax and accounting services for tax year 2023!

https://larson.cpa/contact

10/14/2023

Left our eclipse glasses at home, we had to make do!

10/13/2023

Pros of Outsourced Bookkeeping - Part I

I am more than happy to put a disclaimer at the top of this post – Larson CPA offers Accounting and Bookkeeping services, and we have a direct interest in selling our services.

However, that doesn’t mean we don’t honestly think that the Accounting services we offer are extremely beneficial for small business owners! I want to talk about a few of the benefits of outsourcing your business’s bookkeeping to a professional.

The #1 benefit we see from business owners is a sense of relief. Business owners don’t have to worry about managing their own QuickBooks file or worry about putting receipts and bank statements into a spreadsheet. They don’t have to scramble at year end to give their tax preparer a shoe box full of notes, receipts, and statements, and then wait for a surprise bookkeeping bill with their tax return. They don’t have to spend hours each month reconciling their invoices and tracking what customer accounts are past due.

Larson CPA is here for all your tax and accounting needs – reach out to us to see how we can help!
https://larson.cpa
[email protected]

Larson CPA - Tax & Accounting

10/10/2023

The extended deadline is less than a week away! If you haven't filed yet, reach out and we will work with you to get filed as soon as possible to minimize any penalties and interest!

Fill out this short form and we will get back to you soon!