Blog
Michael Jackson’s Thrilling Tax Court Win
When Michael Jackson died in 2009, his estate was suffering, and he was deeply in debt. Among what was owed was millions in taxes, but exactly how much was anyone’s guess. Estimates from the...
Estate Planning Lessons from the Queen of Soul
You gotta give estate planning a little respect for the sake of your heirs. When Aretha Franklin passed away in 2018, the singer’s legacy followed a path trod by all too many iconic musicians...
Divorce Gets Costly for Business Owners in 2021
The pandemic has complicated divorces. The number of official splits declined in 2020, likely for practical reasons. By now we’re seeing a sharp increase, and these divorces are among couples...
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...
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...
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...
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...
Tesla’s Texas Tax Incentives Your Business Can Get, Too
Tesla’s Gigafactory planned for the Austin area is big news. Elon Musk says it’ll bring over 10,000 jobs to Central Texas by 2022. The $1.1 billion plant will undoubtedly be a boon for the...
Work-From-Home Data Leaks: A Huge Financial Threat
According to Deloitte, since the pandemic began, the number of spam, phishing, and fraudulent business emails employees receive while working remotely has increased by 25%. Weak home Wi-Fi...
For Aretha Franklin’s Estate, the Hits Keep Coming
One week after Aretha Franklin’s estate settled with the IRS for $7.8 million, a new unsigned will emerged. This new (and, if you can believe it, fourth) document mentions a trust, but is it...