Scams That Target Veterans And/Or Pose As Veteran Charities
Scams involving military veterans are on the rise. These scams fall into two separate categories: those that target military members and veterans and those that pose as veteran charities asking for donations. San Antonio is a military town, which means the likelihood you’ll be targeted (or already have been) is high. Be on the lookout […]
Home Sweet Home Office Deductions
Work from home regularly? Many people do these days. Thanks to technology, an increasing number of executives and business owners find that working from home can be just as productive as heading into the office. You can even get a tax deduction for your home office if you meet IRS criteria. Click To View
Giving Back & Your Taxes
‘Tis the season for giving, but consider how recent tax changes affect your charitable contributions before you open your wallet. Whether your donations result in lower taxes depends on highly individualized factors. Seemingly huge tax breaks may not pan out for even generous givers who haven’t rethought their tax strategies. Those strategies now include tools […]
Our Annual Charitable Giving Guide
It’s the most wonderful time of the year! In this season of giving, we’re bringing you our annual charitable contribution tips. How can you make your giving stretch and how can you ensure it goes to those who need it most? Let’s take a look. Consider bunching your charitable giving. With the standard tax deduction […]
Problems Linger With 100% Bonus Depreciation
Since the Tax Cuts and Jobs Act (TCJA) raised bonus depreciation from 50% to 100% for the first year property is placed in service, many business owners have benefitted. The IRS also extended the definition of qualified property to include assets like used property. However, there are still businesses left out in the cold. Some […]
End-of-year tax savings
Taxes may be the last thing on your mind as the holidays roll around, but they shouldn’t be. There are unique tax-saving opportunities only available before year’s end. For just a moment, set down your pumpkin spice latte and roll up your sleeves. The following tips could truly make this the most wonderful time of […]
When A POS System Turns Into Tax Evasion
Sales suppression software has been around for a while, but the government is getting more serious about sniffing it out. The software, commonly called tax zapper software, is used to modify sales reports generated by point of sale (POS) software systems for the purpose of reducing taxable income by underreporting sales. Restaurants and other cash-based […]
Giving Back And Your Taxes
‘Tis the season for giving, but consider how recent tax changes affect your charitable contributions before you open your wallet. Whether your donations result in lower taxes depends on highly individualized factors. Seemingly huge tax breaks may not pan out for even generous givers who haven’t rethought their tax strategies. Those strategies now include tools […]
The Hidden Danger Of Employee Theft
If you’re a business owner, you may feel that you’ve built up a sixth sense when it comes to choosing the right business partners and customers. Fraud is all around us these days, after all, and it’s important to know who to trust. But it’s not just strangers who find us vulnerable. Your employees could […]
Prepaid Forward Contracts: Litigation Financing With Significant Tax Advantages
U.S. for about a decade. As MarketWatch reports, third-party investors are pouring up to $100 billion into funding lawsuits as a way to seek returns that can far surpass equity and fixed-income investments. Plus, as Forbes Tax Contributor Robert W. Wood points out, “Litigation funders help to level the playing field, just as contingent fee […]