What are the opening hours?

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

Anka Consulting Firm

Home
United States
McAllen, TX
Anka Consulting Firm

Exceptional Business Consulting, extraordinary services. Anka Consulting Firm is licensed in TX and specializes in Business Consulting.

We are professional, experienced, and affordable. We offer a broad range of services for business owners, executives, and independent professionals. We provide expert accounting, tax, and financial advisory services to help businesses stay compliant, optimize operations, and drive growth. Our team delivers tailored solutions so you can focus on what matters most—building your business.

07/08/2026

IRS penalties can add up quickly. Fortunately, some taxpayers may qualify for penalty relief. There are three main types of relief: 1) first-time penalty abatement for taxpayers with a strong compliance history, 2) reasonable cause relief for situations such as serious illness or natural disasters, and 3) statutory exceptions. These exceptions generally apply to penalties resulting from erroneous written IRS advice or to taxpayers affected by certain federally declared disasters or involved in military combat-zone operations. If the IRS has assessed a penalty on your account, contact us at (956) 627-1273. We can help determine whether you qualify for penalty relief.

07/07/2026

Many experts are now urging business owners to view cyberattacks as more of a certainty than a possibility. Why? Because they seem to be happening to just about every company in one way or another. What can your small-to-midsize business do to protect itself? First and foremost, you need a comprehensive cybersecurity strategy that accounts for not only your technology, but also your people, processes and as many known external threats as possible. The good news is there are free resources available online, such as policy templates and program frameworks. However, you may need to invest in an IT consultant for customized assistance. For help managing your technology costs, contact us at (956) 627-1273.

07/06/2026

Many small business owners find the concept of risk management intimidating. But essentially, it’s about identifying potential disruptions and making practical plans to guard against them. From cash flow slowdowns to staffing shortages, every business faces uncertainty. The key is being prepared, not overwhelmed. Call us at (956) 627-1273 for help reviewing your current risks, spotting emerging challenges, and making informed decisions that support long-term stability and growth.

07/02/2026

In the event of divorce, part or all of a married couple’s business will often be considered divisible marital property. If you’re in this situation, you likely can divide your business ownership interests without triggering federal income or gift taxes. The spouse receiving the interests assumes the existing tax basis (to determine future gain or loss) and holding period. Tax-free treatment generally applies to transfers made before, during or up to a year after the divorce. Transfer recipients will owe taxes on any gain if they later sell the ownership interests. Call us at (956) 627-1273 for more information on the tax implications of divorce.

07/01/2026

You’ll probably owe tax on your retirement income — how much depends on factors such as the types of retirement accounts you own and your other income sources. In general, retirees should withdraw funds from any taxable accounts first, tax-deferred accounts second and tax-free accounts last. But different withdrawal strategies may benefit you. The important thing is to start planning before you retire. Call us at (956) 627-1273 for help.

06/30/2026

Is it time to review your business’s strategic plan? As market conditions, technology and competitive pressures change, even a well-designed plan may need updating. Regular strategic planning can help your business stay focused and evaluate progress toward short- and long-term goals. If it’s been a while since you last updated your plan, now may be a good time for a strategic planning session. Be sure to set clear objectives, develop strategies to pursue them and establish metrics to track results. We can help ensure your new plan is supported by sound financial analysis. Call us at (956) 627-1273 to learn more.

06/29/2026

For small business owners, tax planning shouldn’t be a once-a-year chore. It affects nearly every business decision you make. From how you pay yourself to when you invest in equipment, the right moves can lower your tax bill … and the wrong ones can cost you. With major tax law changes taking effect in 2026, now’s the time to be proactive, not reactive. We can help you understand which strategies, deductions and credits matter most for your business. Call us at (956) 627-1273 to learn how smart planning today can lead to long-term tax savings.

06/25/2026

Complex federal income tax rules apply to self-created intangible assets. Sales of self-created intangibles that qualify as capital assets — such as goodwill and customer lists — generate capital gains or losses (with gains typically taxed at 15% or 20%).

However, sales of noncapital self-created intangibles — such as certain patents and copyrights — may be subject to ordinary income tax rates, which can be as high as 37%. In short, the type of asset, who created it and who owns it can matter.

If you’re planning to sell or transfer intangible assets, we can help you understand the federal tax implications before your deal is finalized. Call us at (956) 627-1273 to learn more.

06/24/2026

If you have unfiled tax returns, getting back on track may be easier than you think. But the longer you wait, the more costly it becomes. The IRS charges a failure-to-file penalty of 5% per month (up to 25%) of the unpaid tax. There’s also a separate failure-to-pay penalty of 0.5% per month (up to 25%) of the unpaid tax. If both apply in the same month, the combined penalty is generally 5% per month. Returns over 60 days late are subject to a minimum penalty. Filing, even if you can’t pay in full, can reduce penalties and open the door to payment plans or other relief options. Call us at (956) 627-1273 for help.

06/23/2026

Summer often means vacation time. But if your employees don’t take accrued paid time off (PTO), it can be a problem. Depending on your policies and state laws, workers may lose unused PTO hours at year end. Harms to your business can include lower productivity and greater fraud risk. Encourage workers to use their PTO with a formal policy and regular reminders from supervisors. If you offer a 401(k) plan, consider a PTO contribution program. These programs allow employees to convert unused vacation hours to 401(k) plan contributions. Call us at (956) 627-1273 for help evaluating your PTO policies and developing strategies to keep unused PTO from becoming a liability.

Address

3900 N. 10th Street Suite 950B
McAllen, TX
78501

Opening Hours

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

Telephone

+19566271273

Website

http://www.ankaconsultingfirm.com/

Alerts

Be the first to know and let us send you an email when Anka Consulting Firm posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.