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Beneficial Ownership Reporting Resumes
As of Monday, February 17, a federal district court in the case of Samantha Smith and Robert Means v. U.S. Department of Treasury, lifted the last nationwide injuction that was stopping the BOI filing requirement from being enforceable.
The CTA Remains on Hold – Uncertainty Lingers
As the ongoing battles of the CTA continue into the New Year, millions of reporting companies across the nation are still facing extreme uncertainty regarding (BOI) requirement introduced by the Corporate Transparency Act (CTA) and FinCEN.
Preparing for the 2025 Tax Season
Happy New Year 2025! We hope that everyone is having a great start to their New Years resolutions. With the upcoming tax season finally upon us, our firm has begun implementing our tax season processes to ensure that our clients have a smooth tax filing season.
Navigating Uncertainty: The Future of BOI Reporting still in Question
As we begin the 2025 New Year, millions of reporting companies across the nation are facing extreme uncertainty regarding the future of the Beneficial Ownership Reporting (BOI) requirement introduced by the Corporate Transparency Act (CTA) and FinCEN.
2025 Standard Mileage Rates
As of December 19th, 2024, the IRS issued the 2025 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. (Notice IRS2024-312)
Inflation Adjustments for 2025
As the end of 2024 calendar year grows near, many individuals begin to reflect on this past year in efforts to prepare for the 2025 New Year.
Beneficial Education Tax Credits and Deductions
With back-to-school preparations in full swing this month, teachers, students, and parents are gearing up for another academic school year.
Tax Relief for Hurricane Beryl Victims in Texas
As many Texas communities continue to recover from the ruinous effects of Hurricane Beryl that occurred after July 5th, the IRS has officially announced tax relief for individuals and businesses that reside in the affected counties designated by FEMA.
Beneficial Ownership Information (BOI)
The Corporate Transparency Act, (CTA), signed into law on January 1, 2021, expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the US.
Tax Relief for Taxpayers Impacted by Severe Texas Storms
On May 28th, 2024, the IRS announced tax relief for individuals and businesses in certain Texas counties that have been affected by the recent severe storms, straight-line winds, tornadoes, and flooding that began on April 26, 2024.
Preparing for the 2024 Tax Season
Tax Season has officially commenced! As of Monday, January 29th, the IRS began accepting tax returns for the 2023 Tax Year.
2024 Standard Mileage Rates
As of December 15th, 2023, the IRS issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. (Notice 2024-08).
Inflation Adjustments for 2024
As the end of 2023 calendar year grows near, many individuals begin to reflect on this past year in efforts to prepare for the 2024 New Year.
2023 Year End Tax Planning Tips
As the end of another year quickly approaches, let’s reflect on some important tax tips that can help reduce a potential tax liability for some taxpayers.
Beneficial Ownership Information Reporting Requirement
The Corporate Transparency Act (“CTA”) was enacted into law as part of the National Defense Act for Fiscal Year 2021.
Texas’ $18 Billion Dollar Property Tax Reform Package
On July 22, 2023, Texas Governor Greg Abbott signed off on a $18 billion dollar property tax reform package for the State of Texas.
Beneficial Ownership Information Reporting
It is no secret that the primary objective of FinCEN is to continuously protect our nation’s financial systems against criminal money laundering activities through extensive financial intelligence and reporting.
Standard Mileage Rates Increase for 2023
On Thursday, December 9th, 2022, the IRS issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes (Notice 2022-234).
Individual Year End Tax Planning
As we wrap up 2022, it’s important to take a closer look at your tax plans and discuss steps that can be taken to reduce taxes and help you save for your future.
Government Agencies
IRS
Internal Revenue Services home page
SEC
Securities and Exchange Commission home page
Revenue Canada
Revenue Canada home page
Professional Organizations:
AICPA
American Institute of Certified Public Accountants home page.
Silver Fox Advisors
A select group of successful senior executives and entrepreneurs offering years of experience and advice to help build small and mid-size businesses… profitably.
Catalyst Financial
Factoring Texas One Company At A Time home page.
3545 Consulting
National Technology & Business Solutions
R.A. White Architects
Architectural Services Company
Other Sites of Interest:
Google Maps
Maps, directions, and travel guide.
Houston Business Journal
Business information and news of the community.