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ERC Voluntary Disclosure Program Available for a Limited Time
As part of an ongoing initiative to combat questionable Employee Retention Credit (ERC) claims, the IRS has launched a voluntary...

David Thomson, CPA
Feb 15, 20241 min read


Deductions vs. Credits: What's the Difference?
One of the most common misunderstandings about filing an income tax return is the difference between deductions and credits. Deductions...

David Thomson, CPA
Feb 12, 20241 min read


There May Still Be Time to Lower Your 2023 Tax Bill
If you're preparing to file your 2023 tax return, you may still be able to lower your tax bill - or increase your refund. If you qualify,...

David Thomson, CPA
Feb 9, 20242 min read


Tracking Down Donation Substantiation
If you're like many Americans, your mailbox may have been filling up in recent weeks with letters from your favorite charities...

David Thomson, CPA
Feb 5, 20242 min read


How to Secure a Tax Benefit with the QBI Deduction
QBI may sound like the name of a TV quiz show. But it's actually the acronym for "qualified business income," which can trigger a tax...

David Thomson, CPA
Feb 3, 20242 min read


Traveling for Business in 2024? What's Deductible?
If you and your employees will be traveling for business this year, there are many factors to keep in mind. Under the tax law, certain...

David Thomson, CPA
Feb 1, 20243 min read


Big Tax Cuts for Texas
This month, the Texas legislature passed a sweeping bill to provide $18 Billion in tax cuts for Texas homeowners and small businesses. ...

David Thomson, CPA
Jul 26, 20232 min read
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