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Hill Long & Company
Distance: 1.3 Mi11 East Greenway Plaza Suite 1100
77046 Houston -
Patterson & Associates PC
Distance: 1.3 Mi1115 Barkdull Street
77006 Houston -
Spain, Price, Reader & Thompson
Distance: 2.2 Mi2727 Allen Pkwy Ste 1850
77019 Houston -
Calvin Martin & Company, P.L.L.C.
Distance: 2.7 Mi50 Briar Hollow Ln Ste 300W
77027-9397 Houston -
Newton Newton Downs & Blair Pc
Distance: 2.7 Mi6750 West Loop South
77002 Houston
Falcon Patrick A Pc
- 2211 Norfolk Street Suite 516
- Houston, Texas
- 77098
- Phone: (713) 522-3308
- Fax: (713) 522-7008
- Website
Description
Listen to your customers. You are not really selling products or services; you are selling customer satisfaction. Satisfied customers return to spend more money and are likely to refer new customers to you. It is estimated to cost ten times as much to acquire a new customer as it does to retain a current customer through good customer service. If your company runs well now in your absence, it will run well in the event of your disability or death. If you are currently indispensable, start training people now.
Patrick A. Falcon P.C., a professional corporation and certified public accountant, is a full service CPA Firm servicing clients nationwide. Patrick A. Falcon was formerly with the IRS and is experienced in all areas of negotiations of IRS problems on behalf of our Taxpayer, Business, and Individual Clients.
If there's a downside to utilizing these estate tax breaks, it's that most estate plans and documents need to be reviewed on a regular basis. For example: It may be necessary to revise your will or trust in order to take full advantage of the gradual increases in the estate tax exclusion. Improper wording in documents could mean you'll pay higher estate taxes than necessary simply through oversight. You may want to adjust your life insurance coverage. Review your insurance coverage with your agent to determine that you have the appropriate life insurance for your estate needs.
Indexing for inflation applies to the $1 million exemption from the generation-skipping tax and the $750,000 special-use valuation. If you own a family business or family farm, you may be able to shelter from estate taxes up to $1.3 million of business or farm value. This $1.3 million exclusion does not increase each year until 2006 as the regular exclusion does. As you might expect, this tax break comes with many technical requirements, but, if you qualify, it could mean the difference between selling your business and passing it on to the next generation.