General Archives - Fort Worth CPA Adam Traywick

2023 Q2 Tax Calendar: Key Deadlines for Businesses and Employers

Here are some of the key tax-related deadlines for businesses and other employers during the second quarter of 2023. Keep in mind this list isn’t all-inclusive, so additional deadlines may apply to you. Contact us to ensure you’re meeting all applicable deadlines and...

The 2022 Gift Tax Return Deadline Is Coming Up Soon

Did you make large gifts to your children, grandchildren, or other heirs last year? If so, it’s important to determine if you need to file a 2022 gift tax return. In some cases, even if it’s not required, you may want to file one anyway. Filing requirements The annual...

Changes in Sec. 174 Make it a Good Time to Review the R&E Strategy of Your Business

Even though it’s been years since the Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law, it’s still having an impact. Several provisions in the law have expired or will expire in the next few years. One provision taking effect last year was the end of current...

Claiming Losses on Depreciated or Worthless Stock

Have you bought stock in a company that later dropped in value? While you may prefer to forget such an investment, at least you can claim a capital loss deduction on your tax return. Here are the applicable rules when a stock you own is sold at a loss or becomes...

Protect the “Ordinary and Necessary” Advertising Expenses of Your Business

Businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This is a valuable tax deduction to help businesses cut their taxes. However, in order for advertising and marketing expenses to be deductible,...

Awarded Money in a Lawsuit or Settlement? It’s Only Tax-Free in Certain Circumstances

Generally, you must pay federal tax on all income you receive. However, there are some exceptions. For example, compensatory awards and judgments for “personal physical injuries or physical sickness” are free from federal income tax under the tax code. This includes...

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About Adam: After receiving his Bachelors in Accounting from the University of Alabama in 2005 and his Masters of Tax in 2007, Adam moved to the Washington DC area and worked with a “Big 4″ public accounting firm. This was a fascinating and formative time where he was able to work with, and advise, some of the biggest companies in America. A few years later, Adam moved to Fort Worth, Texas and began working for a small public accounting firm. It was there that he discovered he really enjoyed working with small businesses. The difference he could make in these businesses was extremely gratifying, which is why Adam has chosen to focus his practice primarily on small business accounting.

"Being a CPA has led me to meet and work with many wonderful people and ideas. I always look forward to putting that experience and knowledge to work for my clients every day.”

-Adam Traywick, CPA