Blog

We have received official word from the IRS that the Texas counties of Chambers, Harris, Jefferson, Liberty, Montgomery, and Orange are considered to be in a Presidentially Declared Disaster Area due to the effects of Tropical Storm Imelda. The result of this news is that many tax items with a... read more →

More than 35,000 people reported Social Security imposter scams to the Federal Trade Commission in 2018, up from 3,200 in 2017. As a result of this crime, consumers lost more than $10 million in 2018. If you receive a call from someone claiming to be from the Social Security Administration,... read more →

Are some of your workers independent contractors instead of employees? Correctly classifying your workers will preserve the tax breaks that come with hiring independent contractors — and help you avoid major penalties. Why it matters Employers are required to withhold taxes for employees and pay the employer’s share of payroll... read more →

The Internal Revenue Service has launched a new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year. The Tax Withholding Estimator replaces the Withholding Calculator, which offered workers a convenient online method for... read more →

Back-to-School Sales Tax Holiday  Even though it seems like school just let out for summer vacation, the annual sales tax holiday is right around the corner. Since 1999, Texas shoppers have saved money during one weekend every August on the sales tax holiday. This year’s holiday begins Friday, Aug. 9,... read more →

WASHINGTON — The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or... read more →

WASHINGTON — The Internal Revenue Service issued guidance today on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act (TCJA). The 2017 TCJA eliminated the deduction for any expenses related to activities generally considered entertainment, amusement or recreation. Taxpayers may continue... read more →

IRS YouTube Videos: Estimated Tax Payments WASHINGTON ― With nearly 10 million U.S. taxpayers facing a penalty for underpayment of estimated tax last year, the Internal Revenue Service urges taxpayers to plan ahead, understand their options and avoid the penalty when they file in early 2019. To help taxpayers avoid... read more →