Estate Planning in Texas Made Simple
Estate planning is the strategic process of arranging the management and disposal of a person’s estate during their life and after death. In Texas, where property rights and inheritance laws…
About Melton & Melton LLP
Posts by Melton & Melton LLP:
How Property Taxes are Calculated in Texas?
Texas, the Lone Star State, is known for its vast landscapes, diverse population, and unique tax system. One of the most significant aspects of this system is the property tax….
Melton & Melton Listed Amongst Top 50 Construction Accounting Firms
Melton & Melton, L.L.P., one of Houston’s largest independent public accounting firms, has been recognized by Construction Executive magazine in The Top 50 Construction Accounting Firms™ for the fourth consecutive year. Construction Executive is the…
Melton & Melton, L.L.P. Recognized as one of Houston’s Largest Accounting Firms
Houston Business Journal ranks Melton & Melton as the 12th largest accounting firm in the Houston area. Houston, Texas: On July 21st, 2023, Houston Business Journal ranked Melton & Melton,…
Texas State Income Tax: An In-Depth Examination
Every state in the United States has its unique approach to taxation. Some states lean heavily on income taxes, while others rely more on sales or property taxes. Texas, however,…
IRS Dirty Dozen Scams: What You Need to Know
Scams. Fraud. Phishing. Being a victim of any one of these comes at a real cost to businesses and individuals, both financially and emotionally. Threats continue to rise, grow and…
Big Changes Coming to Form 5500
In February 2023, the U.S. Department of Labor, Internal Revenue Service and Pension Benefit Guaranty Corporation released Federal Register Notices announcing changes to the 2023 Form 5500 Annual Return/Report of…
Has Your Tax Bracket Changed in 2023?
The IRS has released the updated tax brackets, deductions and credits for the 2023 tax year. While tax filing for this year will not happen until early 2024, it is…
New Chemical Excise Taxes Affect Multiple Industries
By Alex Smith, CPA Certain chemical excise taxes that last saw the light of day back in the mid-1990s, are back and could apply to many more companies than just…
What You Need to Know About the IRS Mileage Rate Increase
By Alex Smith, CPA In an unusual step, the IRS increased the standard mileage rate to 62.5 cents per mile for the second half of 2022, effective July 1, 2022…