Karina Parlato, CPA, PLLC

07/31/2024

Set reminders for the important tax dates regarding payroll taxes, estimated quarterly taxes, and when you need to initiate payroll for each pay period. We'll help you make sense of cents, contact us at (512) 337-3940.

07/30/2024

Have you ever wanted to open up your own business but are afraid that it might be a difficult process? Have no fear! These success tips are great places to start and keep at the forefront of your mind when building your startup company. Need assistance with getting your business finances in order? Call us at (512) 337-3940 – we can help!

Startup Grind is a startup community in 120 countries delivering education, connections, and opportunities to help startups and scaleups grow.

07/29/2024

An examination audit is what people are really scared of, but less than 1% of Americans are audited in a given tax year. A face-to-face examination can take place in your home, your workplace, your lawyer's office, or at an IRS office. When the audit is completed, the auditor will determine what's required to rectify the situation. If you disagree with their assessment, there's an appeals process. Contact us at (512) 337-3940 today.

07/26/2024

For self-employed business owners, claiming a home office tax deduction is an advantageous strategy; however, the IRS sets very specific requirements in order to be eligible to qualify for the deduction. Having a detailed record-keeping process is essential in ensuring a smooth home office deduction claim.

As a self-employed business owner, the prospect of claiming a home office tax deduction can significantly impact your bottom line. Understanding the criteria for eligibility is crucial for optimizing this deduction and reducing your taxable income. In this blog post, we'll explore who can claim a ho...

07/24/2024

You probably won’t remember January’s expenses when you wrap up your yearly account in December and that’s okay! That is why we are here to help – give us a call at (512) 337-3940. Don’t make the mistake of some business owners who wait until the last minute to start thinking about your accounting. This often leads to financial troubles as a result. Take control of your finances by keeping up-to-date monthly bank reconciliations to prevent year-end scrambling.

07/23/2024

Tax scams are designed to look official, and AI is often used to improve their quality and design making their schemes more difficult to detect. Only open or approve something if you expect it and know what it is. If you accidentally open a page or a document, a scammer can easily add malware to your device, monitor your activity, and steal your personal information. Report any suspicious and unsolicited emails to the IRS. Have questions about a message’s legitimacy? Call us at (512) 337-3940 today.

07/22/2024

We are committed to your success and provide a comprehensive range of business consulting services to assist you in making strategic decisions. The days of manual business processes are over; we help you make better judgments on-the-spot which lead to profitable business ventures. Get real answers from a business consultant! Give us a call at (512) 337-3940.

07/19/2024

Have you ever thought about setting up a private family foundation? Through philanthropy and effective management, this can help your family leave a significant impact on society and important causes that are close to your heart for years to come.

Establishing a private family foundation is a powerful way to create a lasting legacy while making a positive impact on society. By leveraging philanthropy, strategic giving, and effective management, families can leave a meaningful imprint on causes they care about for generations to come. In this....

07/17/2024

If you call the IRS about your account, be aware that you will have to verify your identity. Be cautious about accepting help with your account from anyone outside of the agency’s authentication process. Be wary of anyone asking for personal information - such as birthdates, addresses, Social Security numbers, photo identification, bank information, or credit and debit details – out of context. The IRS will never ask you for these.

07/16/2024

We can’t exercise once a quarter and expect to be in great shape. Just like fitness, effective bookkeeping requires our attention and energy on a regular basis. Ideally, you should log expenses and payments received as they occur. If not applicable for you, set aside 20-60 minutes once a week to record transactions and review financial statements. Books behind? Get caught up by contacting us at (512) 337-3940 to discuss how we can help you!

07/15/2024

Accounting consulting includes maintaining accurate and efficient bookkeeping procedures, analyzing the profitability of your company, and providing comprehension of your figures and how your finances impact your company. Let’s talk details. Give us a call today at (512) 337-3940.

07/12/2024

Working in a foreign country comes with its own set of challenges and tax implications. Before jet-setting across the globe, there are some important factors you should consider regarding your international tax responsibilities.

Embarking on a journey to work in a foreign country is an exciting and rewarding opportunity, but it comes with its own set of challenges and considerations, especially when it comes to international tax implications. Before you pack your bags and head overseas for work, here are several important t...