Buying a New Business Vehicle? A Heavy SUV is a Tax-Smart Choice

Buying a New Business Vehicle? A Heavy SUV is a Tax-Smart Choice

If you’re buying or replacing a vehicle you’ll use in your business, a heavy SUV may provide a more generous tax break this year than you’d get from a smaller vehicle. The reason has to do with how smaller business cars are depreciated for tax purposes. Depreciation...
There Still May Be Time to Make an IRA Contribution for Last Year

There Still May Be Time to Make an IRA Contribution for Last Year

If you’re getting ready to file your 2022 tax return, and your tax bill is higher than you’d like, you may still have an opportunity to lower it. If you’re eligible, you can make a deductible contribution to a traditional IRA right up until this year’s filing deadline...
Fort Worth City Council Passes New Regulations for AirBNBs

Fort Worth City Council Passes New Regulations for AirBNBs

Fort Worth city council members have unanimously passed a new ordinance aimed at short-term rental properties. The new rules are designed to make it easier for the city to cite short-term rentals operating illegally in residential areas, to give legal short-term...
Child Tax Credit: The Rules Keep Changing but it’s Still Valuable

Child Tax Credit: The Rules Keep Changing but it’s Still Valuable

If you’re a parent, you may be confused about the rules for claiming the Child Tax Credit (CTC). The rules and credit amounts have changed significantly over the last six years. The Child Tax Credit became more generous in 2018 than under prior law, and it became even...
Key Tax Issues in M&A Transactions

Key Tax Issues in M&A Transactions

There was a dramatic drop in merger and acquisition activity last year due to rising interest rates and a slowing economy. The total value of M&A transactions in North America in 2022 was down 41.4% from 2021, according to S&P Global Market Intelligence....
Answers to Your Questions About 2023 Limits on Individual Taxes

Answers to Your Questions About 2023 Limits on Individual Taxes

Most people are more concerned about their 2022 tax bills right now than their 2023 tax situations. This is understandable because your 2022 individual tax return is due to be filed in April (unless you file an extension). However, it’s a good time to familiarize...