Understanding the Tax Benefits of Employee Stock Ownership Plans (ESOPs) Employee Stock Ownership Plans (ESOPs) can be a powerful tool for businesses and their employees. They can offer a pathway…
Investing in real estate in Texas can be highly profitable, but managing the associated taxes requires careful planning. With unique tax laws and benefits, understanding how to leverage tax strategies…
Each year, the IRS releases an annual ‘Dirty Dozen’ list highlighting the top scams targeting taxpayers for the coming year. This list is not exhaustive and cannot identify every threat…
The Internal Revenue Service (IRS) published its cost-of-living adjustments for the 2024 tax year that will affect dollar limits for pension plans and other retirement-related taxes. To learn more about…
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….
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,…
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…
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…
Executive Summary On January 27, 2023, the IRS released Rev. Proc. 2023-09, which provides new rules and conditions for determining when common improvement costs may be included in the basis…
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…
