BLOG

For many people in Texas, it is important to support certain causes or charitable organizations. This support may come in the form of volunteering time and expertise or it may come in the form of making financial contributions to an organization.

As a business owner in Texas, it’s possible that creating a business succession plan is not at the forefront of your mind. This may be because of the common misconception that you don’t actually need a succession plan until you retire. Unfortunately, that is incorrect.

Nobody enjoys dealing with taxes, except maybe accountants. As a business owner in Texas, taxes are just something you have to take care of to keep things running.

Estate planning can be complicated or it can be easy. It all really depends on your estate. If you have a lot of complex assets, then putting together an effective plan may take longer.

Much estate planning revolves around providing an inheritance for a spouse or children. But for older family members who have large estates and grandchildren to think about, estate planning can become more complicated.

For Texas business owners, the idea of a tax audit may sound like a nightmare. Tax time brings feelings of anxiety to most people.

If you own a small business and you are planning to sell the company, you must understand the financial implications of the sale before doing so. Failure to plan for the tax-related impact of the sale can result in an unexpected bill, while careful consideration can minimize your tax burden.

The business world can be a highly competitive environment, but it is no excuse for another party to interfere with your business. Unfortunately, some Texas business owners experience sudden interruptions in their business contracts or operations that are caused by improper behavior on behalf of another party.

When you start a business, you want to find ways to maximize the potential upside. Find a good location. Find a good price. Do your research. Match your business to the interests of a growing community.

Although tax filing season in Texas is over for another year, it is never too early to start planning for next year. Business owners face unique challenges when it comes to filing taxes and even the smallest mistake can lead to lost income or an audit by the Internal Revenue Service.