𝐈𝐬 𝐀𝐧 𝐒 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐓𝐡𝐞 𝐁𝐞𝐬𝐭 𝐂𝐡𝐨𝐢𝐜𝐞 𝐎𝐟 𝐄𝐧𝐭𝐢𝐭𝐲 𝐅𝐨𝐫 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬? Are you thinking about launching a business with some partners and wondering what type of entity to form? An S corporation may be the most suitable form of business for your new venture. Here’s an explanation of the reasons why. 𝐓𝐡𝐞 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 […]

Attention, Texas boaters: Are you thinking about getting a new boat or yacht this season? If so, here’s some information on how you’ll be taxed for your purchase. The TX sales and use tax is imposed on every retail sale of a boat that’s 115 feet in length or less, measured from the tip of

Personal income in Texas is expected to fall 2.6% in 2021 without more COVID-19-related federal economic support. This prediction was made in the TX Comptroller’s recently released Comprehensive Annual Financial Report. Personal income growth is expected to resume in 2022. Underlying the growth is an increase in the TX population, states the report. Recent U.S.

When you know the rules, you can party with your employees and deduct 100 percent of the cost. The IRS says that the following types of entertainment qualify for the 100 percent employee entertainment tax deduction: Holiday parties, annual picnics, and summer outings Maintaining a swimming pool, baseball diamond, bowling alley, or golf course The

Have you missed partying and having business meals with your prospects, customers, and employees? To help you get ready, check the table below for what you can do in 2021 and 2022 as the law stands now: Let GLO CPAs, help you wade through the do’s and don’ts about entertainment expenses!