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Lowering Texas Inventory Taxes

Lowering Texas Inventory Taxes

Texas is one of only a handful of states that fully taxes business inventory of both raw materials and finished goods as part of what’s known as business personal property. Since there’s no state income tax, the business property tax in Texas is one of the highest in...

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Taxes on Collectibles

Taxes on Collectibles

Did you know many valuable coins, stamps, artwork, cars and other collectibles are considered alternate investments by the IRS? With the pandemic reportedly sparking new interest in memorabilia and the trading of collectibles going digital–some using online...

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Which Business Meals Qualify for Temporary 100% Deduction?

Which Business Meals Qualify for Temporary 100% Deduction?

Business owners were thrilled to find out that the latest relief bill included a temporary 100% business deduction for restaurant meals through January 1, 2023. But that doesn’t mean all meals are fully deductible and, until recently, the criteria remained murky. In...

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Stock Trading Apps: The Taxing Truth

Stock Trading Apps: The Taxing Truth

A lifetime of events has happened since, but do you remember the GameStop stock trading fiasco mere weeks ago? The event held several financial lessons, but let’s focus on just one: Brokerage digital apps like Robinhood have famously made trading stock an...

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