Proving Business Losses in Texas Courts
Business loss claims pop up in most commercial litigations. Contract disputes, business torts, and antitrust complaints are some of the most prevalent. There are several ways to claim business losses—some are still quite novel. For example, Ukrainian businesses are seeking avenues in which to hold Russia accountable for lost profits caused by Russia’s invasion of […]
How the Rich Pay Surprisingly Few Taxes
How much did you pay Uncle Sam last year? Ever wonder how the 1% like Warren Buffet and Elon Musk pay so little in taxes compared to their wealth? You may be able to use some of their strategies yourself. The White House reports that billionaires pay an average federal individual income tax rate of […]
Still Waiting for PPP Loan Forgiveness?
As COVID-19 relief for small businesses fades away, about 1 million PPP loans remain unforgiven. Roughly 9% of businesses that received PPP loans haven’t filed for forgiveness. A handful who did were denied or are still awaiting an answer. If you have a PPP loan, you should have either received forgiveness or started making payments […]
Westar Alamo Land Surveyors, LLC
Land surveyors aren’t known for exceptional customer service. But why shouldn’t they be? David Breaux set out in 1998 to prove that treating customers right can pay off in any industry.
Turns Out Chrisley Doesn’t Know Best
Reality television stars Todd and Julie Chrisley were recently convicted for tax fraud and willingly filing false tax returns. They blamed an employee and their accountant feigned ignorance, but the IRS wasn’t having it. What went on, and can it happen to you? The Chrisleys were found guilty of conspiring to defraud community banks out […]
Are You an Audit Risk?
You may have heard that IRS audits are few and far between these days, and, for most taxpayers, the risk is indeed low. An average American taxpayer ten years ago was about three times more likely to be audited than they are today. The IRS just doesn’t have the staff and resources to audit like […]