Tina Worrell CPA PLLC

Labor Day is all about celebrating the workforce, and the best way to honor hard work is to take a real break from it. So, to celebrate, our team is fully committing to the cause by penciling some cat naps into our schedules this weekend.

A quick heads-up: The office is closed on Monday, September 7th. We will be back on Tuesday, September 8th — recharged, refreshed, and ready to get to work.

We hope you have a long weekend full of good food, good company, and zero emails!

As we settle into September and the rhythms of a new season, it is a natural time to step back and ask a bigger question: What are we actually building toward?

For many business owners, the first answer that comes to mind is success. But Albert Einstein's perspective challenges us to go a little deeper. Success, he suggests, is not the goal itself. It tends to follow when we focus on something more meaningful: the value we create for others.

As you move through this month: In your business or your work, what is one way you are focused on creating real value for the people you serve?

Please join us in celebrating Valerie’s one-year anniversary with Tina Worrell CPA, PLLC!

We’re so grateful for the dedication, professionalism, and care Valerie brings to our team and to the clients we serve. Her hard work and commitment are truly appreciated, and we’re thankful to have her as part of our team.

Happy one-year anniversary, Valerie! Thank you for all you do. We look forward to celebrating many more milestones with you! 💙

Customer satisfaction is at the heart of what we do. Here's what people are saying.

What does it mean if you receive a CP24 notice from the IRS? Don’t panic. It’s probably not bad news. The IRS sends this notice when the amount of tax paid on a taxpayer’s return doesn’t match its records of estimated tax payments posted. A CP24 generally will inform you that the IRS has corrected your return and will be refunding the overpaid balance, usually in four to six weeks. If you already qualify for a refund and haven’t yet received it, the overpayment will likely be added to your refund. However, if you owe other tax, the IRS will apply the balance to that debt first. Contact us at (713) 564-6560 with questions and to help avoid errors in the future.

You’re never too young to start planning for retirement. We can help you juggle multiple financial goals, including saving for a home, your children’s education and a secure retirement. Contact us at (713) 564-6560 to discuss tax-advantaged retirement plans as well as other investment opportunities, income tax-reduction strategies and risk-mitigation measures (such as insurance). On the other hand, are you getting a late start? We have tips for making and reaching aggressive retirement savings goals.

Tax law changes make it even more important to have a knowledgeable tax professional on your side. We can help you stay on top of changes, make informed decisions year-round, and avoid costly surprises. And when the 2025 tax filing deadline approaches next April, we can save you time, headaches and taxes by preparing your return. If you want clarity and confidence around your taxes, we’re here to help. Call us at (713) 564-6560.

Stay-at-home parenting can be a tough gig. But building your own retirement nest egg when you don’t work outside the home doesn’t have to be. In 2025, spouses can contribute up to $7,000 to a tax-advantaged spousal IRA. Both traditional and Roth spousal IRAs are available, and if you’re age 50 or older, you can make an additional catch-up contribution of $1,000 in 2025. One caveat: If your spouse has a 401(k) plan through work, you may not be able to deduct spousal IRA contributions on your joint tax return (depending on income). Contact us at (713) 564-6560 to discuss options.

Two commonly misunderstood tax terms are deductions and credits. What’s the difference? Deductions reduce the amount of a taxpayer’s income before tax is calculated. For example, on your individual return, you can take the standard deduction or itemize deductions depending on which strategy will most reduce your taxable income. Credits, on the other hand, reduce the actual tax due, dollar-for-dollar, generally making them more valuable than deductions. Certain credits, such as the Child Tax Credit, are partially or fully refundable. This means that if a taxpayer’s bill is less than the amount of the credit, he or she may receive the difference as a refund. Contact us at (713) 564-6560 with your tax questions.

Having the right estate planning documents in place gives you peace of mind and provides clarity for your loved ones during difficult times. That should start with a will, which designates who receives your assets and who becomes guardian of your minor children. Without it, state law decides. Also, consider a financial power of attorney and a medical power of attorney. They authorize someone to handle financial matters on your behalf if you’re unable to do so and make medical decisions for you if you’re incapacitated. Contact us at (713) 564-6560 with questions.