Melton & Melton Ranked 13th Largest Accounting Firm in Houston
Melton & Melton has been recognized again by the Houston Business Journal as one of the largest accounting firms in the Houston area, ranking #13 on the current Top 80…
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Melton & Melton Named a 2026 Regional Leader by Accounting Today
Melton & Melton has been named a 2026 Regional Leader by Accounting Today, ranking #10 in the Southwest region in the publication’s annual Top 100 Firms + Regional Leaders report….
Stay Tuned: Fifth Circuit Reverses the Functional Test for Limited Partners and Self-Employment Tax
Recent court decisions have reignited uncertainty around when limited partners may be subject to self-employment tax, an issue that has long been debated by taxpayers, practitioners, and the IRS. In…
Texas Franchise Tax Update: Depreciation and Bonus Depreciation Align with Current IRC
A recent memo from the Texas Comptroller marks a significant shift in computing Franchise tax beginning with the 2026 report year. The change aligns Texas franchise tax calculations more closely…
Happy Holidays
As the year comes to a close, we wanted to pause and simply say thank you. We are truly grateful for the trust you place in us and for the…
2026 IRS Pension Plan Limits
2026 IRS Pension Plan Limits The Internal Revenue Service (IRS) published its cost-of-living adjustments for the 2026 tax year that will affect dollar limits for pension plans and other retirement-related…
Year-End Tax Planning for Businesses and Individuals 2025
Dear Clients and Friends,As 2025 draws to a close, recent federal tax legislation and IRS initiatives have brought importantchanges that may impact your year-end planning. Below are key updates and…
UPDATE: What the Shift to Electronic Tax Payments Means for Taxpayers
On September 23, 2025, the IRS issued News Release IR-2025-94, providing its first guidance on implementing Executive Order 14247. This Executive Order directs the U.S. Treasury to phase out paper…
Federal Government to Eliminate Paper Checks by Fall 2025
On March 25, 2025, the President issued Executive Order 14247, Modernizing Payments To and From America’s Bank Account. The order directs a nationwide shift away from paper checks and money…
2025 One Big Beautiful Bill Act (OBBBA) – Tax Update
The One Big Beautiful Bill Act (OBBBA) also known as H.R. 1 was signed into law in 2025 and brings significant changes to the U.S. tax system for both individuals and businesses. Below is a summary of some of the key tax provisions, divided into individual and business categories.