03/11/2024
As we hit the heart of the Texas Comptroller of Public Accounts has updated Franchise Tax filing requirements including changing the NO TAX DUE threshold from $1Million to $2.4 Million. read more via the following link:
CHANGES TO NO TAX DUE REPORTING FOR 2024 REPORTS
SB 3 legislative updates to 2024 Franchise Tax No Tax Due Reports
01/18/2024
Happy New Year 2024. A friendly reminder to Small Business Owners and individuals with Household Employees:
As we gear up for 1099's and W2 filings are due to the IRS by January 31. Additionally individuals should have access to these forms by the beginning of February
04/10/2022
Most years the personal tax return deadline is April 15. This year the 18th is filing deadline for most. There are a few exceptions. Read more via this link from al.com
Tax deadline has changed for 2022: Here’s the average refund so far
The IRS has warned of refund slowdowns due to staffing shortages and ongoing backlogs.
02/01/2022
Tax Season has officially begun. Local Congressman, Representative Van Taylor, shares some important notes regarding tax filings, tips and IRS delays.
Important Tax Filing Information and Resources
As the 2022 tax filing season is now underway, I want to ensure you are aware of the most up-to-date resources and information needed prior to preparing and filing your 2021 tax return.
01/04/2022
Happy New Year to Everyone. Time to start gathering information for your 2021 Tax Returns. There may be some big changes to your refund this year. Need help seeing how these changes will affect your taxes, we can help
Don’t count on that tax refund yet. Why it may be smaller this year
If you’re hoping for a tax refund, it may be smaller, or you may owe money this season, according to financial experts. Here’s what filers need to know.
10/06/2021
Just a reminder, the Final Tax Deadline for filing your 2020 personal return is October 15.
There is still limited time to get us your source documents for accurate preparation.
05/25/2021
Do you trade crypto currencies, CNBC discusses how the tax implications may be different than traditional market securities in the article below
Bitcoin crash opens door to a tax loophole for investors
Investors in bitcoin, ethereum, dogecoin and other cryptocurrencies can leverage losses in a way that typical stock owners can't.
04/18/2021
Texas residents have until 6/15 to pay and file with the IRS for 2020 due to the weather disaster earlier this year. Other filers have 1 month remaining (5/17/21 deadline). If you need assistance please contact our office. We're here to help you.
04/14/2021
Have you filled your 2020 taxes yet? On tonight's CBS11 news they shared a story about "Stimulus Plus Checks". The IRS uses your most recent tax filing to determine your eligibility.
IRS Sending Out 'Plus-Up' Stimulus Checks To Those Underpaid
Millions of Americans could soon be receiving an unexpected extra stimulus check.
02/23/2021
In response to the winter weather disaster last week, the IRS released a statement yesterday for those who live or work in Texas, providing an extension not only to file but also to pay their 2020 taxes until June 15, 2021. Read more below. If you have questions please reach out to one of our experts and we will be happy to assist you.
IRS announces tax relief for Texas severe winter storm victims | Internal Revenue Service
TX-2021-02, February 22, 2021 — Victims of winter storms that began February 11, 2021 now have until June 15, 2021, to file various individual and business tax returns and make tax payments, the IRS announced today.
02/16/2021
2020 provided some very significant challanges for all of us. As we look forward in 2021 Tax Season has finally arrived. The IRS just opened for E-FILING. Below is a link from CNN explaining some of the many changes to this years filing. Need help with understanding these changes or assistance with filing your returns contact us. We're here to help 972-991-4272.
2020 taxes: Everything you need to know about filing this year
01/06/2021
Welcome to the new year. The beginning of a new year means it is time to finish your Year End bookkeeping and prepare for Tax Season.
We're here to help you. Contact us for assistance 972-991-4272 or [email protected]