Tax Tips Archives - Fort Worth CPA Adam Traywick

Many Tax Limits Affecting Businesses Have Increased for 2023

A variety of tax-related limits affecting businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may be important to you and your business. Social Security tax The amount of employees’ earnings that...

Why You Might Want to File Early and Answers to Other Tax Season Questions

The IRS opened the 2023 individual income tax return filing season on January 23. That’s when the agency began accepting and processing 2022 tax year returns. Even if you typically don’t file until much closer to the mid-April deadline (or you file for an extension),...

Forms W-2 and 1099-NEC Are Due to be Filed Soon

The 2023 filing season deadline is drawing near, but you should also be aware the deadline for businesses to file information returns for hired workers is even closer. Employers must file these forms by January 31, 2023: Form W-2, Wage and Tax Statement. W-2 forms...

Tax-Saving Ways to Help Pay for College — Once Your Child Starts Attending

Do you have a child or grandchild in college? Many parents and grandparents saved for years in tax-favored accounts, such as 529 plans, to help pay for expenses. But there are also a number of tax breaks you may be able to claim once your child begins attending...

How the New SECURE 2.0 Law May Affect Your Business

If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was recently signed into law. Provisions in the law will kick in over...

Tax-Wise Ways to Save for College

If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here are several approaches to take maximum advantage of the tax-favored ways to save that may be available to you. Savings bonds Series EE U.S. savings...

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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