Creating High-Value Relationships

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Houston, TX 77027

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March 22, 2018 The American Institute of CPAs (AICPA) requested immediate guidance from the Internal Revenue Service (IRS) and U.S. Department of the Treasury on various issues regarding section 199A of the new Internal Revenue Code, the deduction for qualified business income (QBI) of pass-through entities. “Taxpayers and practitioners need clarity regarding QBI in order

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A bipartisan proposal to redesign the IRS for the first time since 1998 was released on March 26. House Ways and Means Oversight Subcommittee Chairman Lynn Jenkins, R-Kan., and ranking member John Lewis, D-Ga., released the Taxpayer First Bill, a discussion draft of proposed legislation to improve IRS operations. “I am proud of the work

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Federal Tax Day – Weekly Report from Washington, D.C.,(Mar. 19, 2018) The Trump administration and House Republicans are working on a “phase-two” of tax reform. Additionally, an IRS reform bill is expected to be released from the House Ways and Means Committee in the coming weeks. A Ways and Means spokesperson told Wolters Kluwer that

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Federal Tax Day – Current, C.1,Lawmakers, White House Continue to Talk Tax Reform   Although tax reform was enacted last December under the Tax Cuts and Jobs Act (TCJA) (P.L. 115-97), the discussion of tax cuts and reform continues to be a priority among lawmakers on Capitol Hill. Additional tax bills are expected to move

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Yes, Tax Reform Did Kill Prospect and Client Meal Deductions You likely have heard conflicting information on the deductibility of business meals with clients and prospects. I have spent time researching this issue, and my conclusion is that tax reform eliminated tax deductions for business meals with clients and prospects. Before enactment of the Tax

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What is it like to be a part of an era? Well one should ask W. Carl Glaw. He has been instrumental in benchmarking the commissioning of the new College of Engineering at Houston Baptist Unviersity (HBU). President of HBU, Dr. Sloan has credited the advisory board, chaired by Carl, for making an idea into

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“C” Club 2018 Primary Endorsements For more than 50 years, the “C” Club has carefully evaluated candidates running for elected office and endorsed those that embrace strong conservative values. The “C” Club believes sharing these endorsements with Harris County Republicans as one of its biggest responsibilities.  Since it takes no money from candidates in exchange for

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Take a stance today! As many of you know Linda and I were totally wiped out. We were part of the “no notice” flooding by the army corp of engineers barker/addicts dam release. We are in city council District G. There are 11 in total. This district produces 45% of total city county and schools

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Tax Reform: Will Section 199A Phase In or Phase Out Your 20 Percent Deduction? If your pass-through business is an in-favor business and it qualifies for tax reform’s new 20 percent tax deduction on qualified business income, you benefit at all times, including being above, below, or in the expanded wage and property phase-in range.

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January 2018 Tax Reform Provides New 20% Deduction The new 2018 Section 199A tax deduction that you can claim on your IRS Form 1040 is a big deal. There are many rules (all new, of course), but your odds as a business owner of benefiting from this new deduction are excellent. Rejoice if you operate

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