Pure Management

Pure Management Welcome to Pure Management & Bookkeeping, your trusted partner in accounting and bookkeeping solutions.

With a commitment to excellence and a passion for numbers, we offer a comprehensive range of services designed to empower businesses of all sizes.

A summer job is a great way for teens to earn extra cash, but it also comes with tax responsibilities. Anyone with self-...
06/19/2026

A summer job is a great way for teens to earn extra cash, but it also comes with tax responsibilities. Anyone with self-employed income over $400, such as earnings from mowing lawns or babysitting, must file an income tax return and may owe self-employment tax. If a teen works for an employer that withholds payroll taxes, the filing threshold is higher: $16,100 for 2026. In this case, the teen usually won’t owe income tax and may receive a refund if taxes were withheld. Call us at (325) 617-2707 with questions.

Maintaining healthy operating cash flow helps drive your company’s success. But accomplishing this objective isn’t alway...
06/17/2026

Maintaining healthy operating cash flow helps drive your company’s success. But accomplishing this objective isn’t always easy. One practical approach is to speed up customer payments while carefully managing the timing of your own bills. Prudently shortening your cash conversion cycle can improve liquidity and give your business greater financial flexibility. Please call us at (325) 617-2707 for help identifying opportunities to strengthen your cash position and keep your business moving in the right direction.

If you’d like to arrange for a transfer of wealth through multiple generations, consider a dynasty trust. Assets are tax...
06/15/2026

If you’d like to arrange for a transfer of wealth through multiple generations, consider a dynasty trust. Assets are taxed just once, when they’re initially transferred to the trust. There’s no estate or generation-skipping transfer tax due on any subsequent appreciation in value. A drawback is that the trust is irrevocable. This means it generally can never be revised. Call us at (325) 617-2707 for more details.

Boat owners may qualify for federal income tax breaks — but only if the boat meets specific requirements. For example, a...
06/12/2026

Boat owners may qualify for federal income tax breaks — but only if the boat meets specific requirements. For example, a vessel with sleeping, cooking and toilet facilities could qualify as a home for the mortgage interest itemized deduction. Itemizers may also be able to deduct eligible state and local sales tax paid on a boat, subject to applicable limits. Vessels used in bona fide businesses, such as charter fishing or sightseeing, can generate deductible business expenses. Before assuming your boat delivers tax savings, contact us at (325) 617-2707 to learn more. We can help determine your vessel’s eligibility and provide guidance on substantiating any write-offs.

Are you behind on federal tax payments or worried about defaulting on an IRS installment agreement? You might have more ...
06/11/2026

Are you behind on federal tax payments or worried about defaulting on an IRS installment agreement? You might have more options than you realize. If your finances have changed, the IRS may let you adjust your payment plan to lower monthly payments or a new schedule. If your agreement is terminated, you can request reinstatement. You can also consider an offer in compromise, which may allow you to settle for less than you owe. If you’re facing serious financial trouble and can provide evidence of undue hardship, the IRS sometimes allows up to six months to pay. It helps to act early. Call us at (325) 617-2707 with questions.

Will Social Security benefits be available when you retire? Good question. These benefits are unlikely to disappear enti...
06/10/2026

Will Social Security benefits be available when you retire? Good question. These benefits are unlikely to disappear entirely. But payments may be smaller, and the qualifying age for full benefits (currently 65 to 67, depending on your date of birth) may increase. So it’s critical to take advantage of tax-deferred retirement vehicles and to make age-appropriate investments that can help you accumulate adequate savings. Call us at (325) 617-2707 to discuss your retirement goals and ways to achieve them.

Are rental real estate activities eligible for the qualified business income (QBI) deduction? The answer is a distinct “...
06/10/2026

Are rental real estate activities eligible for the qualified business income (QBI) deduction? The answer is a distinct “maybe.” This tax break allows eligible sole proprietors and owners of “pass-through” entities to deduct up to 20% of QBI. Pass-through entities include partnerships, S corporations and most limited liability companies. However, income from a rental real estate activity is QBI only if the activity rises to the level of a trade or business or meets an IRS safe harbor, which generally requires separate records, sufficient rental services and specific documentation. Various limits and other restrictions also apply. Call us at (325) 617-2707 to learn more.

A donor-advised fund (DAF) is one option available to support charities while reducing your taxable estate. By contribut...
06/10/2026

A donor-advised fund (DAF) is one option available to support charities while reducing your taxable estate. By contributing cash or appreciated assets to a DAF, you also may qualify for an immediate charitable income tax deduction without needing to identify the specific charitable recipients right away. This gives you more time to research potential recipients or change the organizations you support from year to year. For families focused on legacy planning, DAFs can also help align heirs around charitable goals. Contact us at (325) 617-2707 for additional details.

The IRS has issued final regulations on the tax deduction for qualified cash tips. The legislation commonly known as the...
06/10/2026

The IRS has issued final regulations on the tax deduction for qualified cash tips. The legislation commonly known as the “One Big Beautiful Bill Act” created the deduction of up to $25,000 per year for 2025 through 2028. Qualified tips generally refer to cash tips received by an individual in an occupation that “customarily and regularly” received tips on or before Dec. 31, 2024. The final regs list more than 70 eligible occupations. In addition to occupations previously listed in the proposed regs, the final regs add visual artists, floral designers and gas pump attendants. The final regs also provide clarifications to the definition of a qualified cash tip. For more details, call us at (325) 617-2707.

If you have unfiled tax returns, getting back on track may be easier than you think. But the longer you wait, the more c...
06/10/2026

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 (325) 617-2707 for help.

Address

5030 Knickerbocker Road Ste A
San Angelo, TX
76904

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 12pm

Telephone

+13256172707

Website

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