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Ascension CPA • Blog: News

Pro tip- Don't miss out on the Section 199 tax deduction.png

Pro tip: Don't miss out on the Section 199 tax deduction

When we reviewed many of our new clients' tax returns we noticed a disturbing trend: they..

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The Difference Between Marginal And Effective Tax Rates

There are a lot of misconceptions when it comes to personal income taxes, and one of the..

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7 Tax Tips for Oil and Gas Landmen

For individuals that become landmen, this is usually the first time they would be..

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Tax Consequences on Oil and Gas Royalties and Lease Bonus Payments

  If you've leased your land to an oil and gas company for energy production, it..

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Creating a Profit Map

Have you ever sat down and made a map of how your business makes money, also known as a..

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Cost Segregation Study

If you own commercial real estate, you need to know about this tax saving strategy:  cost..

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Reality Check For Business Owners

I am continually surprised by how many business owners I meet with whose business is..

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When was the last time you gave any thought about your business entity type?

Recently we were working on a consulting project for an oil and gas client in Oklahoma. ..

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Paradise Equipment Retains Sean M. Hugo, CPA, PC

We are pleased to announce we have been retained by Paradise Equipment as their Oklahoma..

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