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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.

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.

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

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.

According to CNBC, 47% of American families with minors in the household had no idea how the new tax laws would affect them. Now that tax filing season has passed, Texans got some hands-on experience.

The end of the year is a great time to take steps to ensure you are ready to file taxes in the new year. Getting everything together and organized will make things a lot easier once you begin filling out tax forms. Like every process, though, there is always room for improvement.

While Texas does not assess its own estate or death taxes, Texas residents who have especially high-value estates can still anticipate having their estates taxed after their deaths, which can substantially reduce what they are able to leave behind for loved ones. At Pakis, Giotes, Page & Burleson, P.C., we recognize that the overall value of your estate will ultimately determine whether it is subject to estate tax.