AM Tax & Financial Services

AM Tax & Financial Services Accounting is what we do best. AM Tax & Financial Services is licensed in TX and specializes in Accounting. We are professional, experienced, and affordable.

We offer a broad range of services for business owners, executives, and independent professionals.

In today’s volatile economy, it’s easy to blame shrinking profit margins on external pressures. But assumptions can be c...
03/10/2026

In today’s volatile economy, it’s easy to blame shrinking profit margins on external pressures. But assumptions can be costly. Your income statement provides insight into your team’s performance, from your operational efficiency to pricing and spending. A careful review of this report, including revenue trends, cost drivers and operating expenses, often uncovers actionable opportunities for improvement. We can help you develop strategies to boost profitability and keep your business competing at the highest level. Contact us at (281) 435-6745 to start building your winning game plan.

Business structure affects both taxes and personal liability. The tax factors are particularly complex. A tax-smart tax ...
03/09/2026

Business structure affects both taxes and personal liability. The tax factors are particularly complex. A tax-smart tax move for one business could be costly for another. Before making a change to your existing business structure or choosing one for your new business, contact us at (281) 435-6745. We can help you determine which structure will best support your business and financial goals.

Claiming the maximum depreciation deductions you can on your 2025 income tax return will generally provide the greatest ...
03/05/2026

Claiming the maximum depreciation deductions you can on your 2025 income tax return will generally provide the greatest 2025 tax savings. But sometimes it may be better to depreciate business assets over a period of years, such as if you expect to become subject to higher tax rates. If you claim 100% bonus depreciation or Sec. 179 expensing today, you’re eliminating future depreciation deductions for those assets. And deductions save more tax when tax rates are higher. We can identify which depreciation breaks you’re eligible for, review your overall tax situation and help determine whether you should maximize depreciation-related breaks on your 2025 return. Contact us at (281) 435-6745 to get started.

Psst! Want to save more for retirement? If your employer offers one, use your Health Savings Account (HSA). You might al...
03/04/2026

Psst! Want to save more for retirement? If your employer offers one, use your Health Savings Account (HSA). You might already contribute pretax earnings and use the balance for out-of-pocket medical expenses. But because HSA balances carry over year to year and can grow indefinitely tax-deferred, these accounts also work as retirement savings tools. After age 65, you can use penalty-free distributions for nonmedical expenses, but they’ll be taxable. So if you’ve maximized contributions to a 401(k) and IRA, HSAs offer another opportunity. Contact us at (281) 435-6745 to discuss retirement savings strategies.

Are you using QuickBooks to its full potential? Beyond basic bookkeeping, it offers mobile access, automated reminders, ...
03/03/2026

Are you using QuickBooks to its full potential? Beyond basic bookkeeping, it offers mobile access, automated reminders, payroll processing, third-party app integration and more. Tapping into these features can help you get more value from the system you already use … and give you more time to run and grow your business. QuickBooks’ advanced tools can streamline routine tasks, strengthen internal controls and provide timely insight into financial performance. The platform can also enhance collaboration with your accountant by providing secure, real-time access to your books and shared documentation. Call us at (281) 435-6745 for guidance on optimizing your configuration or evaluating other software options.

It’s common for small businesses to work with friends, relatives and affiliated companies. After all, they can be loyal ...
03/02/2026

It’s common for small businesses to work with friends, relatives and affiliated companies. After all, they can be loyal workers and trustworthy business partners. But if related-party transactions aren’t handled properly, they can distort financial results, affect loan eligibility and even trigger IRS scrutiny. We can help you identify and record these transactions at market terms. Proper documentation supports compliance and provides clearer insight into how these arrangements affect cash flow and profitability. Contact us at (281) 435-6745 to keep your books accurate and transparent.

Tax credits reduce tax liability dollar-for-dollar. So, they can be more valuable than deductions, which reduce only the...
02/26/2026

Tax credits reduce tax liability dollar-for-dollar. So, they can be more valuable than deductions, which reduce only the amount of income subject to tax. One tax credit that hasn’t been getting much attention lately but that can still be valuable for certain small businesses is the credit for providing health insurance to employees. Although it’s been available for more than a decade and generally can be claimed for only two years, some small businesses may still be eligible. These may include newer businesses as well as older ones that only recently have begun offering health insurance. The credit can equal as much as 50% of health coverage premiums paid. Call us at (281) 435-6745 to learn more.

We provide trusted guidance for both individuals and businesses. Our services include tax preparation and planning, book...
02/25/2026

We provide trusted guidance for both individuals and businesses. Our services include tax preparation and planning, bookkeeping and accounting, and compliance. For businesses, we also can support payroll, enhance cash-flow management and provide strategic growth planning. For individuals, we can advise on personal finance, retirement planning and estate planning. With our assistance, you can gain clarity, accuracy and confidence in every financial decision. Contact us at (281) 435-6745 to learn more.

Critical audit matters (CAMs) highlight complex, high-judgment areas that drive audit inquiries and testing procedures. ...
02/24/2026

Critical audit matters (CAMs) highlight complex, high-judgment areas that drive audit inquiries and testing procedures. Common examples include revenue recognition, intangible asset valuation, business combinations and complex tax issues. Although auditors don’t report CAMs in private company audits, they do communicate significant risks and judgment-heavy areas to owners and others charged with governance, often during planning and closing meetings. Understanding these audit risks can help private companies plan for growth, pursue outside investment or prepare for a merger. Contact us at (281) 435-6745 to learn more.

If you expect to owe tax when you file your return and don’t think you’ll be able to pay the entire amount due, it may b...
02/23/2026

If you expect to owe tax when you file your return and don’t think you’ll be able to pay the entire amount due, it may be tempting to put off filing. But remember, filing for an extension doesn’t extend your payment deadline. So consider filing on time and paying what you can. If you pay at least part of what you owe on time, you can reduce the interest and late payment penalty you’ll owe because your unpaid balance after the April 15 deadline will be lower. Then set up a payment plan with the IRS. Both short-term and long-term plans are available. Contact us at (281) 435-6745 to get your return filed on time.

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4008 Louetta Road
Spring, TX
77388

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