M&M Employees Work Hard and Play Hard
Here at Melton and Melton, we work hard, but also like to play hard too! In the last few months, we’ve had some fun and exciting employee events sponsored by…
The Competitive Edge
LOOKING AHEAD: Depreciation Tax Planning Due to the PATH Act
Volume 5 Issue 2 | May 2016, The Competitive Edge
In light of the legislation passed at the end of 2015, known as the PATH Act, several depreciation options need to be considered in 2016 and in planning for the…
Technology: Ransomware – Insidious and Growing Fast
The Competitive Edge, Volume 5 Issue 2 | May 2016
Imagine a major hospital crippled by a deliberate effort to block its access to patients’ records. After the hospital pays online extortionists a hefty ransom, the cyber crooks will unlock…
Tax Tactics to Help With College Costs
The Competitive Edge, Volume 5 Issue 2 | May 2016
Now that it is graduation season, it is a great time for families and soon-to-be college students to re-familiarize themselves on the available tax benefits that could potentially lower higher…
Team M&M Cares Volunteers at Houston Food Bank
The Competitive Edge, Volume 5 Issue 1 | February 2016
Team M&M Cares represents Melton & Melton as we continually stay involved and give back to our community. We recently became involved with Houston Food Bank in October 2015 by…
Identity Theft Alert: IRS Phone Scams
The Competitive Edge, Volume 5 Issue 1 | February 2016
The IRS has recently seen a surge of aggressive and threatening phone scams, as scam artists threaten all sorts of serious consequences: police arrest, deportation, and license revocation, among others….
New Developments in the Tax Code
The Competitive Edge, Volume 5 Issue 1 | February 2016
De minimis business expense safe harbor for certain taxpayers raised to $2,500 Final tangible property regulations permit businesses to elect to expense their outlays for “de minimis” business expenses. If…
Department of Labor Letter Response
The Competitive Edge, Volume 4 Issue 3 | December 2015
Recently, the Department of Labor (DOL) sent letters to plan sponsors regarding the importance of audit quality. We have been notified by the AICPA Employee Benefit Plan Audit Quality Center…
Pension Plan Limitations Announced for the 2016 Tax Year
Volume 4 Issue 3 | December 2015, The Competitive Edge
The Internal Revenue Service announced adjustments to the cost-of-living for the 2016 tax year that will affect dollar limitations for pension plans and other retirement-related taxes. In general, limitations will…
2015 Year-End Tax Planning for Individuals
The Competitive Edge, Volume 4 Issue 3 | December 2015
Just as the daylight hours are getting shorter, so is the time for fine tuning any last-minute strategies to lower your 2015 tax bill. While year-end legislation extending certain expired…