by Brad Cantrill | Mar 28, 2024 | Blogs
As we step into the new tax year, the Internal Revenue Service (IRS) has unveiled a series of modifications that will influence various aspects of your tax planning. From standard deductions to marginal tax rates and an array of credits, here’s a breakdown of...
by Brad Cantrill | Mar 26, 2024 | Blogs
Owning rental property can be a lucrative venture, providing a source of passive income and potential long-term financial growth. However, along with the rewards come responsibilities, and one significant aspect that landlords in Texas must be mindful of is the tax...
by Brad Cantrill | Mar 25, 2024 | Blogs
Supporting your parents as they age is a common situation, and sometimes, that support extends to their finances. If you live in Texas and provide significant financial assistance, you might be eligible to claim them as dependents on your federal tax return. This can...
by Brad Cantrill | Mar 22, 2024 | Blogs
When it comes to taxes, businesses operating in Texas have more than just federal income tax to consider. The Texas Franchise Tax, sometimes referred to as the “margin tax,” is a key component of the state’s tax system. Understanding this tax is...
by Brad Cantrill | Mar 21, 2024 | Blogs
For Texas residents, filing federal income tax returns for tax year 2023 follows the same general deadlines as most other states. This article provides a clear overview of when you can file your taxes in Texas and offers additional considerations to ensure a smooth...
by Brad Cantrill | Mar 18, 2024 | Blogs
As tax season approaches, it’s crucial to approach the filing process with care and attention to detail. Making mistakes on your tax return can lead to financial headaches, potential audits, and missed opportunities for deductions or credits. To ensure a smooth...
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