Some Polk County residents may be eligible for temporary tax exemptions

Wednesday, May 22, 2024
Polk County flooding victims might qualify for temporary property tax exemptions for a portion of the appraised value of the property, from the loss date to the end of this...... Read More

Update on retirement account required minimum distributions

Tuesday, May 21, 2024
If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain age. If...... Read More

Texas Counties Declared Disaster Areas

Tuesday, May 21, 2024
Numerous Texans have been profoundly impacted after the extreme storms and flooding that began on April 26. Governor Greg Abbot is seeking assistance for the reconstruction and restoration efforts in...... Read More

Coordinating Sec. 179 tax deductions with bonus depreciation

Monday, May 20, 2024
Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving this goal: first-year Section 179 depreciation deductions...... Read More

Applying for a commercial loan with confidence

Friday, May 17, 2024
Few and far between are businesses that can either launch or grow without an infusion of outside capital. In some cases, that capital comes in the form of a commercial...... Read More

How to minimize billing bottlenecks

Thursday, May 16, 2024
Managing accounts receivable can be challenging, especially in an uncertain economy. To keep your company financially fit, it’s a good idea to occasionally revisit your billing and collections processes to...... Read More

How renting out a vacation property will affect your taxes

Tuesday, May 14, 2024
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home. In either case, you may...... Read More

Better tax break when applying the research credit against payroll taxes

Monday, May 13, 2024
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses. Claiming the credit...... Read More

Spotlight on auditor independence

Thursday, May 09, 2024
Auditor independence is the cornerstone of the accounting profession. Auditors’ commitment to follow the standards set forth by the American Institute of Certified Public Accountants (AICPA), the Securities and Exchange...... Read More

Beware of a stealth tax on Social Security benefits

Tuesday, May 07, 2024
Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In fact, depending on how much overall income you...... Read More