New developments and adaptations of technology and procedures within the medical profession are what drive our CPA firm to adapt our procedures to this dynamic and exciting industry. Our experienced professionals are specialists in accounting for the medical professional. Marc...

Before jumping into the concept of earned income tax credit, it may be useful to properly define the concept of earned income. This is simply money that you earn from business ventures you may engage in for yourself or as an employee of someone else. Therefore, it covers the f...

When running a small business, you should have a basic understanding of accounting. Knowing the basics will make you feel confident in the future of your business, and you’ll have better knowledge to plan for your long-term financial success. As a small business owner, account...

Anyone who has ever spent even a single day doing household chores, looking after the children, and cooking for the family, will understand just how busy and stressful it can be to be a stay-at-home mom. Far from being the easy, relaxed lifestyle that many people assume it to...

If you’re a business owner, hiring an accountant for expert advice is a good idea for your finances. So before you book an appointment, here are some questions you may want to ask your business accountant. Do you have experience in the line of my business or industry? What kin...

Running a small business requires a basic understanding of accounting. Here are some accounting tips for small businesses: Sort through your books. Begin by making a habit of compiling bank statements, recording transactions such as purchases, sales, cash receipts, and so on,...

What Impact Do Small Businesses Have on the World Economy? Over 90% of registered businesses worldwide are small, independently owned ventures. Small and medium-sized businesses employ nearly 70% of the global workforce. The sheer number of job opportunities created demonstrat...

You've come across a lot of tax jargon during your tax assessment process. The majority of which you have no idea what they mean. Some are intertwined, so one terminology can be mistaken for the other. A tax return and refund are two good examples. As a result, it is critical...

If you’re a business owner, hiring an accountant for expert advice is a good idea for your finances. So before you book an appointment, here are some questions you may want to ask your business accountant. Do you have any experience in my line of work or industry? Accounting a...

Our CPA firm is driven to adapt our procedures to this dynamic and exciting industry by new developments and adaptations of technology and procedures within the medical profession. Our skilled accountants specialize in accounting for medical professionals. Marcus, Fairall, Bri...

The federal government put tax credits and deductions to help ease tax liabilities and help taxpayers save on their returns. They, however, work differently. The tax credit will reduce your income tax bills. They are of different types, including the single-parent tax credit....

At Marcus, Fairall, Bristol the sensitivity of financial data is a top consideration. We have put in place multi-factor measures to ensure the privacy of all of our client files. Safeguarding the privacy of client information is a top priority and these record-handling procedu...

What Is a Tax Return? A tax return is a document that you fill out that reports your income, expenses, and tax bill. The document has been submitted to the Internal Revenue Service (IRS). In general, the document will outline how much income you receive, where it comes from, a...

The terms "CPA" and "accounting" are sometimes used interchangeably. This is, however, frequently an unintentional misrepresentation. CPAs are all accountants, but not all accountants are CPAs. So, what exactly is a Certified Public Accountant? Certified Public Accountant is a...

Before delving into the concept of earned income tax credit, it's a good idea to define earned income. This is simply money earned from business ventures you may undertake for yourself or as an employee of someone else. As a result, it encompasses the entire spectrum of salari...

Forensic accountants are certified public accountants who specialize in resolving any questionable or suspicious financial issues for businesses, nonprofits, governmental entities, and individuals by gathering financial data in an accurate and investigative manner. They are ty...

Volunteerism is a hallmark of Marcus, Fairall, Bristol + Co., PLLC. Our community-oriented partners at Marcus, Fairall, Bristol + Co., PLLC are active volunteers in the local community, and we encourage our staff to get involved in their favorite non-profit. If you've spent an...

An income tax return is a form that some people must fill out and submit to a tax authority. It contains documents that detail income, expenses, and other tax information. Tax returns are filed once a year in the United States. You must file a tax return if you have reportable...

What are the most common mistakes people make when filing their taxes? What can you do to avoid them? Learn more by reading this article! To avoid the Internal Revenue Service (IRS) from calling your attention, file your taxes properly. To save you money and keep you away from...

If you own a small business, you should have a basic understanding of accounting. Knowing the fundamentals will give you confidence in the future of your company, and you will be better prepared to plan for long-term financial success. Accounting can help you as a small busine...

If you own a business, hiring an accountant for expert advice on your finances is a good idea. So, before you make an appointment, here are a few questions to ask your business accountant. Do you have experience in the line of my business or industry? Accounting and taxation a...

You may be aware of the significance of accounting in your business as a small business owner. Accounting assists your business in achieving success by providing the necessary information about costs and earnings, profit and loss, liabilities and assets for decision making, as...

Forensic accountants are certified public accountants who specialize in obtaining financial data in an accurate and investigative manner to resolve any doubtful or suspected financial concerns for businesses, nonprofits, governmental agencies, and people. They are usually aske...

A person's estate consists of their investments, automobiles, residences, money, and personal belongings at the time of their death. When a person dies, their estate is divided among his or her heirs. The assets must be divided according to the will's directions. This is known...

Accountants would be defined as follows: An accountant is a professional who performs accounting functions such as audits or financial statement analysis as well as prepares tax returns and helps those that need tax problems resolved. As a fairly new specialty, Forensic accoun...

When a federal tax bill goes unpaid, the government imposes – a penalty – or lien- against certain property and property rights. In general, a tax lien serves to guarantee payment of a debt. For IRS purposes, the taxable property includes but is not limited to income taxes, gi...

In order to have a hassle-free healthcare practice, accounting is needed to achieve your financial goals. Accounting is important in the medical industry because every health facility depends on a prompt team of accountants to keep track of budgeting, taxes, expedite collectio...

If you are the owner of a small business you are already well aware of the devastation that the coronavirus has caused, particularly for those with four or fewer employees. You’re not alone. As this outbreak continues U.S. businesses are struggling to survive. The pandemic has...

Here are some of the most effective strategies to lower your taxable income: Top Off Your Retirement Savings Plan Any funds that are contributed towards an employer-sponsored retirement plan are not included in your taxable income. This includes the traditional 401 (k). If you...

Looking for reliable tax accountants near El Paso, TX? At Marcus, Fairall, Bristol + Co., PLLC, we have a team of reliable certified public accountants in El Paso TX. Our CPA firm provides individuals and business executives with the best tax service available in the local are...