Real Estate Newsline, by Kathy Myers, February 1, 2007

In less than three months, many self-employed individuals will be asking for an extension . . .Once again, tax time suddenly appeared! The biggest problem I run into is newly self-employed people not setting aside money for their estimated income tax, opens Fred A. Flores, Jr. owner of Fred Flores, CPA. Once you get to crunch time at tax time and you owe taxes for the entire previous year AND you have to pay estimated taxes for the coming year, you are already way behind financially. Entering self-employment is not an easy set-up in the first years. Business expenses, start-up cost and taxes take a huge portion of your budget. That is where my company can help.

Fred Flores CPA provides accounting, bookkeeping and taxation assistance. We’re small enough to provide a more personal service to our clients. It is as easy as a phone call to my office to begin a consultation. We stress a one-on-one environment for our clients and have the experience and knowledge to carryout out a variety of financial services for both individuals and businesses, continues Flores. Our mission is to provide reliable, accurate, timely and convenient services to our customers while at the same time helping each of them achieve their own individual and personal goals. Our clients are our most important asset and all their information is confidential.

Flores has an impressive resume of experience. He has owned and operated Fred Flores CPA accounting and tax practice since 1997. His past experience includes tenures as a tax specialist with KPMG Peat Marwick, tax senior with Caneiro Chumney & Co., internal auditor with Frost National Bank and industry experience with KCI. In October, we will celebrate 10 years of service. We want to be a responsible business both professionally and in civic service. Flores is an active member of the San Antonio Hispanic Chamber of Commerce and the San Antonio Board of Realtors. He also sits on the board of the New Frontiers Charter School, provides charitable work and consulting to the San Antonio Hispanic Heritage Society, is the treasurer of his subdivision homeowner’s association and very involved with YMCA soccer.

Flores is exceptionally well versed in real estate issues and acquired his real estate licenses in 2001 and his broker’s license in 2004. Combining my tax business with real estate has been a seamless effort. The tax business generally runs from January to May and I found I was in need of a challenge from that June to December period. I now have nine REALTORS at Fred Flores & Co. Real estate transactions involve one of the biggest financial investments most experience in a lifetime. Whether it is personal property or investment property, we are ready to assist from the purchase to the tax filing.

As a business owner, Flores is available for consulting services (type of entity selection, financial planning, start-up, strategic tax planning, assistances in business transaction of sales, acquisitions and more); accounting services (financial statement preparation, bookkeeping and payroll); and taxation services (partnerships, C-Corporations, S-Corporation, Limited Liability Companies, income tax, trusts and sales tax). We can work with individuals, families, teams and limited partnerships on their business needs. Most importantly, we understand this is more than your business, it’s your life.