Major TCJA Tax Provisions Set to Expire: What You Need to Know
The Tax Cuts and Jobs Act (TCJA) of 2017 brought significant tax changes, but many of its provisions were designed to be temporary. As we move through 2025, several key…
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FinCEN Reinstates BOI Reporting: New Deadline Set for March 21, 2025
Following a series of legal reversals, the U.S. District Court for the Eastern District of Texas has granted a stay on its previous injunction that had blocked enforcement of the…
Melton & Melton Promotes Mary Gauss to Partner
Melton & Melton is pleased to announce the promotion of Mary Gauss to Partner in the firm’s Tax Department. Mary’s leadership, experience, and dedication to client success have been instrumental…
Appeals Court Reinstates Injunction that Halts BOI Enforcement
A federal appeals court on Thursday reinstated a nationwide injunction halting enforcement of beneficial ownership information (BOI) reporting requirements, reversing an order the same court issued earlier this week.
Significant Changes Are Coming for Digital Asset Taxes: Here’s What You Need to Know
If you’ve been trading or holding digital assets, some significant tax changes are heading your way, and they could shake up how you track and report your transactions. Starting January…
2025 IRS Pension Plan Limits
The Internal Revenue Service (IRS) has released its cost-of-living adjustments for the 2025 tax year, which will impact the dollar limits for pension plans and other retirement-related taxes.
Federal Court in Texas Suspends BOI Reporting Requirements Under Corporate Transparency Act
On December 3, 2024, a federal court in Texas issued a preliminary injunction suspending the enforcement of the Corporate Transparency Act. The Act required businesses to report beneficial ownership information…
Corporate Transparency Act: Beneficial Ownership Information Reporting
The Corporate Transparency Act (“CTA”) was enacted into law as part of the National Defense Act forFiscal Year 2021. The CTA requires the disclosure of the beneficial ownership information (otherwiseknown…
Tax Planning Tips for Digital Businesses and E-commerce
Tax planning for digital and e-commerce businesses brings unique challenges and opportunities. Effective tax management can be tricky with diverse revenue streams, cross-border sales, and constantly evolving regulations. Here’s a…
Top Tax Planning Strategies for Small Business Owners in Texas for 2024
As a small business owner in Texas, preparing for tax season means more than just meeting deadlines; it’s an opportunity to strategize, reduce liabilities, and keep more of your hard-earned…