We specialize in helping our customers with tax solutions that impact and improve their financial life. One of the ways to achieve that is by communicating in a timely and clear manner with many small business owners who come to see us in Fort Worth, TX. This is where...
The IRS recently issued new guidance on electric vehicles. There are four ways you can potentially benefit from a federal tax credit for an EV you place in service in 2023 or later: 1. Purchase an EV, and claim the clean vehicle credit.2. Lease an EV, and benefit from...
Here’s some information on how you can help a family member buy a home by making a loan to them while ensuring that you and the family member benefit from a tax-smart loan structure. First, with the current national average interest rates for 30-year and 15-year...
Previously, we discussed tax issues that arise when a financially comfortable loved one has passed away. We also covered some of the non-tax issues you will have to deal with as the executor of the estate. You need an estate plan, regardless of whether or not...
The $75 rule applies to certain business expenses where you do not need a receipt. But we emphasize that this rule does NOT apply to all tax deductions. Many taxpayers mistakenly apply the $75 rule to all their tax deductions, which can result in a significant loss...
Working at a tender age is an American tradition. If your children work in your business, consider giving them education fringe benefits. Doing this right creates• tax deductions for the business, and• tax-free fringe education benefits for the child. You can...
