Tax Law Changes

While it's important for individuals and businesses alike to keep up with major tax law changes, it's also a good idea for you to keep up with changes in your own life when it comes to tax documents. One specific document that many people should update from time to time is the W4 form that is … [Read more...] about The importance of accurate withholdings

In the past, residents of Texas and all other states were able to deduct any state sales tax paid throughout the year on their state income tax. While taking the deduction does involve a bit of paperwork -- you have to keep all your sales receipts for an entire year -- the benefit is often worth it … [Read more...] about Keep an eye on possible sales tax deduction extension

A few weeks ago, we posted about four bills being considered in the Texas Senate. Those bills dealt with several tax cuts, one of the most notable being a large property tax cut that would save homeowners in the state around $200 every year. The tax cut was passed by the state Senate on March 25 and … [Read more...] about Texas Senate passes $4.63 billion in tax cuts

When compared to many other states in the country, Texas is often seen as a state that is friendly with regard to taxes for both businesses and individuals -- we often don't have to deal with taxes that residents of other states do. Some lawmakers are seeking to increase that benefit in 2015 by … [Read more...] about 2015 tax law changes may provide some administrative relief

Tax law is complicated, and most Texas residents would likely agree that many individuals who get in trouble with tax agencies may have done so out of ignorance of laws rather than intentional fraud. For one man who was arrested after paying his taxes, his intent appears to be to cause mischief … [Read more...] about Texas man pays taxes, arrested anyway

As each year rolls into the next, many Texas residents and business owners begin planning, organizing and setting goals. While you consider financial goals and actions for 2015, it may be helpful to keep some new tax law changes in mind. In 2015, the Internal Revenue Service provides for higher … [Read more...] about New Year tax law changes