As an employer, it is important to classify your workers as either employees or independent contractors correctly. This classification should be made not only at the time of hiring but any time the working relationship changes. Incorrectly classifying workers can…
Watch Webinar Recording The new lease accounting standards (ASC 842) present significant business implications and complex financial reporting requirements. To successfully comply, your company needs to be proactive in understanding the new lease standards, how they apply to your business,…
2022-2023 Tax Planning Guide Tax planning may be a real challenge this year. Minimizing taxes is never easy. But in times of legislative and economic uncertainty, it can be a real challenge. To take advantage of all available breaks, you…
The Employee Retention Credit (ERC) is one of several programs the federal government implemented in the wake of COVID-19. This program reimburses businesses through a tax credit—i.e. a lump sum check from the IRS. But the fact is ERC isn’t…
10 red flags for IRS audits Even though the overall IRS audit rate is currently low historically, it’s expected to increase as a result of provisions in the Inflation Reduction Act signed into law in August. So it’s more important…
Authored by Haynie Partner Bernard Abercrombie, CPA As we approach the end of the year, my clients are asking what tax benefits still exist for charitable giving in 2022. An explanation of what is available needs to start with the…
As CPAs, we stay up to date on all areas of tax law so we can uncover maximum savings for our clients. This, of course, includes laws related to charitable giving. Tax law changes in 2022 and 2021 allow some…
Authored by: Gregory M. Ward, CPA, Haynie Tax Manager Tax Advice for Owning a Second Personal Use Home Second home ownership can provide an array of benefits. The home can offer a weekend getaway, a rental property generating reliable cash…
Did you know that Employee Retention Credits (ERC) from the Cares Act are still available for many businesses filing taxes? The ERC benefit can be significant: up to $5,000 per employee per year in 2020 and $7,000 per employee per…
Haynie San Antonio was a proud Copper Star Sponsor at the Kinetic Kids Hootenanny fundraiser. This annual event was on September 30, 2022. The Hootenanny is Kinetic Kid’s biggest fundraiser of the year, providing almost one-quarter of its operating budget…
