Taxes are a necessary part of life, but that doesn’t mean you have to pay more than you owe. By implementing smart tax planning strategies, you can minimize your tax burden and keep more money in your pocket. At Rascon CPA Firm, we believe everyone deserves informed
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Tax season can be a stressful and time-consuming experience. Trying to understand and comply with ever-changing tax laws can be overwhelming, and the threat of making a mistake can be daunting. This is where a qualified accountant can come to the rescue. Here are just a few
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In today’s complex financial world, navigating the ever-changing tax code and making informed financial decisions can be overwhelming. That’s where a Certified Public Accountant (CPA) comes in. CPAs are more than just tax preparers. They are highly trained and licensed professionals who possess a deep understanding of
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As a business owner or individual in Houston, navigating the complexities of tax preparation can be daunting. While online software and DIY options exist, relying on a qualified Houston CPA offers invaluable benefits that extend far beyond simply filing your returns. This article will delve into the
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Running a small business can be a rewarding endeavor, but it comes with its fair share of financial challenges and responsibilities. As a small business owner, managing your company’s finances can be overwhelming, especially when juggling various other aspects of your operation. This is where accounting professionals
Read more →Effective tax planning is essential for individuals and couples looking to optimize their income and financial stability. The right strategies can help you minimize tax liabilities and maximize your take-home income. In collaboration with Rascon CPA firm, we present key tax planning tips to achieve this goal.
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The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in Notice 2019-59, posted today on IRS.gov. This guidance provides cost of living adjustments affecting dollar limitations for pension
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Notice 2019-07 This notice contains a proposed revenue procedure that provides for a safe harbor under which a rental real estate enterprise will be treated as a trade or business solely for purposes of section 199A of the Internal Revenue Code (the Code) and §§ 1.199A-1 through
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The Tax Cuts and Jobs Act (HR 1) is now law and the IRS, tax professionals and taxpayers are gearing up to implement the massive overhaul of the Tax Code. For the IRS, one of the most immediate projects is the release of new withholding tables. “With
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On January 16th the IRS released Notice 2019-11 to provide a waiver for the underpayment penalty related to the fourth quarter estimated tax payments due January 15th 2019 for certain individuals who would otherwise be required to make. Taxpayers should complete Part I of Form 2210 and the
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