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
From the IRS to local tax agencies, Texas business owners can't forget about the tax man when starting a business. Launching a new company can be an exhausting, frightening and adventuresome time, especially for new entrepreneurs. It's easy to overlook what seem like tiny details, but those details … [Read more...] about Texas startups should never forget about the tax man
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
It's unlikely that any adult in Texas can't tell you when federal income tax forms are due: April 15 is a date that is etched on the minds of most workers and business owners. But what happens if you fail to file a return by the appropriate date? According to the Internal Revenue Service, delinquent … [Read more...] about What happens when a Texas resident is late with federal returns?
From small to large, all Texas business owners must pay attention to payroll taxes. Payroll taxes refer to the amount business owners withhold from worker checks for federal taxes, Medicare and Social Security, as well as the employer's portion of those taxes. Employers must turn those funds over to … [Read more...] about The power of the IRS makes payroll tax issues serious
Estate tax planning is not a task left only to the wealthy. Many people in Texas, including regular families, can benefit from planning for end of life. Planning ahead lets you record your wishes about a number of matters, including end-of-life care and the disbursement of any assets. It also lets … [Read more...] about The impact of life insurance on estate tax planning