Incorporating in Texas
Incorporating a business is an important step that comes with many considerations. One in particular: Where should the company be incorporated? Delaware has long been viewed as the most business-friendly option, but other states—including Texas—are becoming popular alternatives.
Online Betting and Your Taxes
As fall sports kick into gear, you may be tempted to try your hand at sports betting. But Texans, in particular, should keep the following points in mind.
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.
Digital Assets and Your Taxes
You may have reveled in the Wild West days of cryptocurrency and other digital assets, but we’re entering an era of meticulous record keeping and thoughtful tax strategies, thanks to recently added IRS requirements
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.
How Inherited Assets Affect Your Taxes
Inheriting assets can be a financial blessing, but it also raises essential tax questions that many heirs overlook. How you manage those assets can have significant tax consequences down the road.
Getting Hit by Someone Else’s Bankruptcy
Finding out that another business or individual who owes your business money has declared bankruptcy can feel like a kick to the stomach.