Martha Echols CPA

Martha Echols CPA No annoying tax professional lingo. Just straight, authoritative and friendly expert advice. Visit u Martha S.

Echols, CPA began her college education at Auburn University studying Civil Engineering and competing on the Track and Field team. After a couple of years she realized engineering was not very interesting to her and she changed her course of study to accounting and transferred to Birmingham-Southern College. She earned a bachelor’s degree in accounting and management in 1986. She began her account

ing career at a large local firm in Birmingham, AL and then moved on to a smaller accounting firm before becoming self-employed. Martha is a Certified Quickbooks Pro Advisor and enjoys assisting small businesses. Being a mother of two boys and working outside the home, she quickly found that being self-employed created a much needed flexible work schedule. Now that the boys are older (22 years old and 13 years old), she still enjoys the flexibility and challenges that come from owning her own business.

Fast Fact: “Net current assets” is the difference between current assets and current liabilities; another name for worki...
12/12/2022

Fast Fact: “Net current assets” is the difference between current assets and current liabilities; another name for working capital.

"It is during our darkest moments that we must focus to see the light." — Aristotle
12/09/2022

"It is during our darkest moments that we must focus to see the light." — Aristotle

The nanny tax only applies to your employees. A worker is generally considered to be your employee if you directly super...
12/08/2022

The nanny tax only applies to your employees. A worker is generally considered to be your employee if you directly supervise the work and you supply the tools or supplies necessary to do the job. If your worker came from an agency or runs his or her own business, the nanny tax may not apply.

The alternative minimum tax (or AMT) was created many years ago to insure that higher-income taxpayers with lots of dedu...
12/07/2022

The alternative minimum tax (or AMT) was created many years ago to insure that higher-income taxpayers with lots of deductions and credits pay at least a minimum amount of tax.

Paying an “estimate tax” is if you have income that's not subject to withholding, such as investment or self-employment ...
12/06/2022

Paying an “estimate tax” is if you have income that's not subject to withholding, such as investment or self-employment income, you may have to make quarterly payments of the estimated amount needed to cover your expected tax liability for the year.

The donation of vehicles, boats and planes is often the most cited area where lack of contemporaneous documentation is a...
12/05/2022

The donation of vehicles, boats and planes is often the most cited area where lack of contemporaneous documentation is a problem because these types of donations have a high estimated market value that changes from month to month. But timely, written acknowledgement from the charitable organization is also required for any donation of $250 or more.

TGIF “A good decision is based on knowledge and not on numbers.” -Plato
12/02/2022

TGIF “A good decision is based on knowledge and not on numbers.” -Plato

TGIF “Human behavior flows from three main sources: desire, emotion, and knowledge.” -Plato
12/02/2022

TGIF “Human behavior flows from three main sources: desire, emotion, and knowledge.” -Plato

A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxa...
12/01/2022

A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.

Long Term Liability is a debt that falls due more than one year in the future or beyond the normal operating cycle, or t...
11/30/2022

Long Term Liability is a debt that falls due more than one year in the future or beyond the normal operating cycle, or that is to be paid out of noncurrent assets.

A Limited Liability Partnership (LLP) is general partnership which, via registration with an appropriate state authorit...
11/29/2022

A Limited Liability Partnership (LLP) is general partnership which, via registration with an appropriate state authority, is able to enshroud all its partners in limited liability. Rules governing LLPs vary significantly from state to state.

Liquidity 101: Available money on hand to pay bills when they are due and to take care of unexpected needs for cash.
11/28/2022

Liquidity 101: Available money on hand to pay bills when they are due and to take care of unexpected needs for cash.

Address

4100 Autumn Lane, # 108
Vestavia Hills, AL
35243

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

(205) 715-0088

Website

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