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Received a Backup Withholding Notice? Here’s What to Do

For small fledgling business owners, balancing daily operations and other matters such as payroll processing and tax filing is hard enough, and with a notice on top, this can quickly turn into a nightmare. As one of the leading tax accounting...

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Qualities a Certified Public Accountant Must Have

Certified Public Accountants (CPAs) in tax accounting firms in Texas and other areas hold a vital role in maintaining the financial health of a particular organization. They must possess the right set of skills and sufficient knowledge in their...

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Understanding State and Federal Income Taxes

The income tax system in the United States is pretty straightforward—a certain percentage is applied to your taxable income based on the law. However, it can also be really confusing, especially when you have to deal with both the federal and...

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What to Know About Form 1099-NEC

In light of the Internal Revenue System reviving the old form 1099-NEC to report all nonemployee compensation, we at KF Tax & Accounting, P.C., one of the leading tax accounting firms in Texas, has created the following explainer. Quick note:...

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KF Tax & Accounting, P.C.

Top 5 Reasons to E-file

Tax season is here again and electronic–filing makes filing easy and simple. As if filing is not tedious enough, going the old fashioned way makes it even harder and frustrating.Having to mail paper form to the IRS, having doubt about the paper...

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KF Tax & Accounting, P.C.

Tips to remember when choosing the right tax preparer

As a tax payer, choosing the right tax preparer is pretty vital. Remember that the tax payer is legally responsible for the details on the tax form, so if you are not the one preparing it, here are a few tips to help you chose the right tax...

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