Firm News

Firm News

  • The “manufacturers’ deduction” isn’t just for manufacturers February 1, 2017 The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the “manufacturers’ deduction.” But this potentially valuable tax break can be used by ...
  • Ready, set, audit January 31, 2017 If your business issues audited financial statements and follows a calendar year end, your external auditing procedures have already begun. At a minimum, you’ve signed an engagement letter, sent over ...
  • Houston Touchdown Club Sportsmanship Award Luncheon January 27, 2017 Briggs & Veselka and B&V Capital Advisors were the tabulation sponsor for the 12th Annual Houston Touchdown Club Sportsmanship Award Luncheon on Wednesday, January 25, 2017. Sid Shaver and Walker ...
  • Is your business committed to its cost-control regimen? January 25, 2017 At the beginning of the year, many people decide they’re going to get in the best shape of their lives. Similarly, many business owners declare that they intend to cut ...
  • The investment interest expense deduction: Less beneficial than you might think January 24, 2017 Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy securities — generally is deductible for both regular tax and ...
  • Why 2016 may be an especially good year to take bonus depreciation January 23, 2017 Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The PATH Act, signed into law a little over ...
  • Veteran Industry Professional Joins Briggs & Veselka January 20, 2017 New San Antonio Office Expands Footprint of Texas’ Fourth Largest Independent Accounting Firm Briggs & Veselka Co., Texas’ fourth largest independent accounting firm, announced the addition of Richard Agee as Area Director ...
  • Can you defer taxes on advance payments? January 19, 2017 Many businesses receive payment in advance for goods and services. Examples include magazine subscriptions, long-term supply contracts, organization memberships, computer software licenses and gift cards. Generally, advance payments are included in ...
  • Succession planning and estate planning must go hand in hand January 18, 2017 As the saying goes, nothing lasts forever — and that goes for most companies. Then again, with the right succession plan in place, you can do your part to ensure your ...
  • Use non-GAAP financial reporting measures with caution January 13, 2017 The most useful metric to gauge a company’s performance isn’t necessarily net income, pretax profits or earnings per share, as defined under U.S. Generally Accepted Accounting Principles (GAAP). In some ...