Creating High-Value Relationships

1900 West Loop South, Suite 1150
Houston, TX 77027

(713) 557–0561
cglaw@glocpa.com

Mon - Fri 8:30 – 5:30

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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Home Office with More Than One Business The office-in-the-home deduction produces good-to-excellent tax savings by turning personal house expenses into business deductions. Additionally, it enables you to deduct big vehicle expenses by eliminating nondeductible commuting mileage. But to qualify for the home-office deduction, you must use the office exclusively for the business or businesses for

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In a recent issue of the Tax Reduction Letter, we explained how to keep IRS “temporary work location” rules from destroying your business mileage deductions.   In this new issue of the Tax Reduction Letter we’ll demystify the IRS’s complicated “metropolitan area” rules that also impact your business mileage deductions.   Leave it to the

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Business Mileage: Beware of IRS Assertions of Metropolitan Area The IRS has ruled that you “may deduct daily transportation expenses incurred in going between your residence and a temporary work location outside the metropolitan area where you live and normally work.” In this favorable ruling, you find two possible impediments: Temporary work location Metropolitan area

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