Eftex Tax Solutions

Eftex Tax Solutions Competent, Efficient, Customized Service

Eftex Tax Solutions provides tax, bookkeeping, and advisory services to small and medium businesses located west of the Houston metroplex near areas such as Fulshear, Katy, Richmond, and Sugar Land.

🎓 Individual Tax Tip**Is Scholarship Money Always Tax-Free?**Scholarships can help reduce the cost of college, but not e...
09/02/2026

🎓 Individual Tax Tip
**Is Scholarship Money Always Tax-Free?**

Scholarships can help reduce the cost of college, but not every dollar received is automatically tax-free.

Scholarship funds may generally be tax-free when the student is pursuing a degree and the money is used for:

✔ Tuition and required enrollment fees
✔ Books, supplies, and equipment required for courses

Scholarship funds may be taxable when used for:

• Room and board
• Travel
• Optional equipment
• Payments for teaching, research, or other required services—with limited exceptions

Keep the scholarship award letter and records showing how the funds were used. Good documentation can help determine whether any portion must be reported as income.

📅 Questions about scholarship funds and your tax situation?

Schedule your 15-minute Individual Tax Consultation:
https://calendly.com/eftex-flora/15min

Eftex Tax Solutions
Your Trusted Tax & Bookkeeping Partner in Katy, Texas.
Maximizing Savings. Ensuring Compliance. Empowering Growth.

📚 **The Eftex Advantage | September 2026****Back to School, Back to Tax Planning**Back-to-school season brings new routi...
09/01/2026

📚 **The Eftex Advantage | September 2026**

**Back to School, Back to Tax Planning**

Back-to-school season brings new routines, new expenses, and a few important financial considerations for families and business owners.

This month’s newsletter covers:

✔ Education credits and qualified expenses
✔ When scholarship funds may be taxable
✔ Documentation for employee education and training
✔ Bookkeeping habits to strengthen before year-end
✔ A quick way to organize school-related tax records

A little preparation now can make tax season much easier later.

🧾 **Individual Tax Consultation:**
https://calendly.com/eftex-flora/15min

🏢 **Business & Bookkeeping Consultation:**
https://calendly.com/eftex-flora/accounting

**Eftex Tax Solutions**
Your Trusted Tax & Bookkeeping Partner in Katy, Texas.
*Maximizing Savings. Ensuring Compliance. Empowering Growth.*

📊 Bookkeeping TipAre Automated Bank Rules Creating Bookkeeping Errors?Automated bank rules can save time—but they should...
08/31/2026

📊 Bookkeeping Tip
Are Automated Bank Rules Creating Bookkeeping Errors?

Automated bank rules can save time—but they should not run without regular review.

A rule created months ago may continue categorizing transactions incorrectly, especially when vendors, payment descriptions, or spending habits change.

Take a few minutes to review:

✔ Transactions assigned to the wrong category
✔ Duplicate or overlapping rules
✔ Rules connected to inactive vendors or accounts
✔ Personal purchases recorded as business expenses
✔ Transactions that should be divided between multiple categories

Automation is helpful, but accurate bookkeeping still requires human oversight.

📅 Need help reviewing or cleaning up your books?

Schedule your Bookkeeping Consultation:
https://calendly.com/eftex-flora/accounting

Eftex Tax Solutions
Your Trusted Tax & Bookkeeping Partner in Katy, Texas.
Maximizing Savings. Ensuring Compliance. Empowering Growth.

💼 Business Tax Tip**Are You Paying Yourself the Right Way?**Taking money from your business is not as simple as transfer...
08/28/2026

💼 Business Tax Tip
**Are You Paying Yourself the Right Way?**

Taking money from your business is not as simple as transferring funds to your personal account. The correct method depends on how your business is structured.

Depending on the entity, an owner may receive:

✔ An owner’s draw
✔ A partner distribution or guaranteed payment
✔ Payroll wages
✔ A shareholder distribution

For example, corporate officers who perform services are generally treated as employees, while partners are not employees and generally should not receive a W-2 for partnership distributions or guaranteed payments.

Recording owner compensation incorrectly can affect your bookkeeping, payroll reporting, and tax compliance.

📅 Not sure whether you’re paying yourself correctly?

Schedule your Business Tax & Bookkeeping Consultation:
https://calendly.com/eftex-flora/accounting

Eftex Tax Solutions
Your Trusted Tax & Bookkeeping Partner in Katy, Texas.
Maximizing Savings. Ensuring Compliance. Empowering Growth.

🎓 Individual Tax Tip**Can You Claim Your College Student as a Dependent?**A student moving away for college does not aut...
08/26/2026

🎓 Individual Tax Tip
**Can You Claim Your College Student as a Dependent?**

A student moving away for college does not automatically mean parents lose the ability to claim them as a dependent.

Several factors may determine eligibility, including whether the student:

✔ Is under age 24 and enrolled full-time
✔ Meets the relationship requirements
✔ Lived with you for more than half the year, time away at college may count as a temporary absence
✔ Provided more than half of their own financial support
✔ Filed a joint return with a spouse

Dependency rules can also affect eligibility for certain education-related tax benefits, so it’s important for families to coordinate before anyone files a return.

📅 Have questions about your college student and your tax situation?

Schedule your 15-minute Individual Tax Consultation:
https://calendly.com/eftex-flora/15min

Eftex Tax Solutions
Your Trusted Tax & Bookkeeping Partner in Katy, Texas.
Maximizing Savings. Ensuring Compliance. Empowering Growth.

📊 Bookkeeping TipWho Still Has Access to Your Accounting System?Employees, contractors, and outside professionals may re...
08/24/2026

📊 Bookkeeping Tip
Who Still Has Access to Your Accounting System?

Employees, contractors, and outside professionals may receive access to your accounting software—but that access should not remain in place indefinitely.

Take a few minutes to:

✔ Remove former employees and inactive users
✔ Confirm each user has only the permissions they need
✔ Turn on multifactor authentication when available
✔ Review connected applications and integrations
✔ Make sure administrator access is limited

Regular access reviews help protect sensitive financial information and reduce the risk of unauthorized changes.

📅 Ready to strengthen your bookkeeping processes?

Schedule your Bookkeeping Consultation:
https://calendly.com/eftex-flora/accounting

Eftex Tax Solutions
Your Trusted Tax & Bookkeeping Partner in Katy, Texas.
Maximizing Savings. Ensuring Compliance. Empowering Growth.

💼 Business Tax Tip**Are You Tracking Business Asset Purchases? **Did your business purchase equipment, computers, office...
08/21/2026

💼 Business Tax Tip
**Are You Tracking Business Asset Purchases? **

Did your business purchase equipment, computers, office furniture, machinery, or other major assets this year?

Keep records showing:

✔ What was purchased
✔ The purchase date and price
✔ Proof of payment
✔ When the asset was placed in service
✔ How it is used in the business
✔ The cost of any later improvements

These details can affect depreciation, available deductions, and how a future sale or disposal is reported.

Documenting asset purchases as they occur makes bookkeeping and year-end tax planning much easier.

📅 Need help keeping your business records accurate?

Schedule your Business Tax & Bookkeeping Consultation:
https://calendly.com/eftex-flora/accounting

Eftex Tax Solutions
Your Trusted Tax & Bookkeeping Partner in Katy, Texas.
Maximizing Savings. Ensuring Compliance. Empowering Growth.

08/20/2026

are invited to attend an upcoming training session on the new Foreign Filer Transmitter Control Code (TCC) registration process on August 26 at 8 p.m. Eastern. This event will explain how to:

• Set up a Foreign Filer TCC account
• Complete and submit registration for a TCC Global Intermediary Identification Number (TCC GIIN)
• Monitor updates for TCC GIIN approval

A live Q&A will also be held during the session. can earn up to one CE credit. Learn more and register here: https://ow.ly/k0b950YhR1n

08/20/2026

Paying your taxes is simple when you know your options. The offers secure payment methods designed to fit your different needs so you can choose how you pay.

To explore which payment option works best for you, go to irs.gov/payments

08/20/2026

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Address

26717 Westheimer Pkwy, Unit 305
Katy, TX
77494

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(281) 247-0374

Website

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