Richardson TX – Tax Law Changes for 2019. What Will Impact You?

In 2017, Congress passed The Tax Cuts and Jobs Act (TCJA), which was the largest piece of tax legislation that we’ve seen in three decades. The new law had an impact on almost all taxpayers who came to our Richardson, TX tax office, as well as taxpayers throughout the...

Richardson TX – Starting a New Business? Tips Every New Business Should Follow.

Starting a business is exciting and nerve-wracking all at the same time. Our Tax firm is in Richardson, TX, and every day, there are hundreds of new businesses being formed in the DFW area. The process of starting a new business can be intimidating and the “to do”...

Plano TX – Safe Harbor For QBI Deductions for Rental Real Estate

Taxpayers involved in Real Estate are the largest group of tax clients for my Richardson, TX tax firm. Did you know that Landlords who spend at least 250 hours a year managing and maintaining their rental properties may be eligible for the Qualified Business Income...

Plano TX – Most Recent Changes to Tax Law for 2019

On Friday, the President signed into law the Further Consolidated Appropriations Act, 2020. In addition to preventing a government shutdown, the Act included many tax provisions that often impact clients of our Richardson, TX tax office as well as other taxpayers...

Plano TX – Now is the Time To Finish Tax Planning for 2019

It’s always a good idea to look for ways to minimize your tax liability. Taking advantage of opportunities before the year comes to a close is a smart move. Here are a few things to think about: Are you making the maximum contribution to your §401(k), IRA or other...

Plano TX – Selling Your Home? Find Out If You’ll Owe Tax on the Sale!

Each year, clients either come into our Richardson, TX tax office and ask if they need to pay taxes on the sale of their residence, call concerned about taxation on the Sale of their personal residence, or make an assumption that income on the Sale of a personal...