Can I Disagree with the IRS?
If you’ve received a notice from the IRS for a tax penalty, audit or adjustment, there are steps you can take to challenge the determination.
Proving Economic Damages Through Forensic Accounting
Forensic accountants play a crucial role in proving business economic damages in litigation. They combine investigative skills, financial expertise, and litigation support experience to quantify damages in a way that withstands legal scrutiny.
One Big Beautiful Tax Bill: Areas of Interest for Domestic Businesses
The domestic business portion of the Trump Administration’s One Big Beautiful Bill (OBBB) includes a handful of changes for small- and medium-sized businesses, affecting bonus depreciation, reporting requirements and more.
Working on Vacation: Tax Tips and Implications
Working remotely during a vacation or business trip can offer flexibility, but it also brings unique tax implications. It’s important to understand where business deductions end and personal expenses begin. Staying informed helps you stay compliant and make the most of potential tax savings.
$125,000 Business Inventory Tax Exemption Heading to Texas Voters
Potential property tax cuts have been all the buzz, but Texas business owners will be happy to know the bill to increase the Texas business personal property tax exemption from $2,500 to $125,000 (an almost 5,000% increase) has also passed and is heading to voters in November. Texas is one of only nine states that […]
Beware of Modern Ponzi Schemes
We’ve entered a new era of Ponzi schemes. A record number of the scams have been estimated in 2023 alone, an amount that doubled in two years’ time. Therefore, it’s more critical than ever to have your guard up.
Bankler Partners, LC, Expands into a New Name and Space
This is a pivotal moment for our firm. The transformation to Bankler Partners and move to our new, modern space represents our dynamic growth and commitment to the future,” says founding partner Steven Bankler.
The Goldilocks Rule for Tax Withholding
If you’re like half of Americans this year, you are more dependent on your tax refund to pay for necessities than you have been in the past. But paying more taxes than necessary shouldn’t be part of your game plan.
Welcome to Texas: Cutting Tax Ties with Your Previous State
San Antonio is currently one of the fastest-growing metro areas in the nation. If you’re among our new residents, welcome! Before you enjoy the tax-friendly perks of living and running a business in Texas, you’ll need to cut tax-ties with your previous state. Some, like California and New York, make that very tricky.
How Small Business Owners Reduce Taxable Income
Reducing taxable income not only helps you retain more of your hard-earned money, but it’s also one of the best ways to find savings that can be reinvested in your business. This month, we wanted to step back to overview the most basic ways small business owners can reduce taxable income. First, it’s critical to […]