Federal Estate Tax Portability Act

Jul 15, 2015 | Tax Topics

Federal Estate Tax Portability Federal estate tax portability means that a surviving spouse can inherit the estate and gift tax exemption of a surviving spouse.  Simply put, a couple can pass up to $10.86 million ($5.43 million for each spouse) in 2015 without the...

How to Determine if your Activity is a Hobby or Business

Nov 29, 2022 | Tax Topics

So you’ve finally perfected that birdhouse collection made from recyclable materials that you’ve been working on since the beginning of COVID-19. After uploading a proud picture of your craft to your personal social media account, the unexpected happens...

The Texas State Board of Public Accountancy Rules of Professional Conduct: What You Need to Know

Jul 13, 2020 | Uncategorized

Within the Texas Administrative Code, the Texas State Board of Public Accountancy’s Rules of Professional Conduct are clearly laid out within five subchapters. CPA applicants in the state are required to take a four-hour course covering the Code of Professional...

The AICPA Code of Professional Conduct: What You Need to Know

Apr 17, 2020 | Uncategorized

The American Institute of Certified Public Accountants is the rule-making and standard-setting body of the CPA profession. AICPA membership is not a requirement of the CPA profession, but it does help accounting professionals stand out by proving they’re being held to...

Why Professional Ethics Are a Cornerstone of the Accounting Industry

Mar 11, 2020 | Uncategorized

Why Professional Ethics Are a Cornerstone of the Accounting Industry The core of the accounting profession is simple math; debits equal credits, assets equal liabilities plus equity. And, as we know, math and numbers are the same across all languages, and they...