Howard, LLP

Updates from the financial front

You don’t have to sit in a conference room to benefit from our team’s business and financial insights. In this section, link to the latest news from and about our firm.

What do the 2019 cost-of-living adjustments mean for you?

Dallas, Texas, November 2018 – The IRS has announced its 2019 cost-of-living adjustments to tax items that might affect you. Many of the amounts increased to account for inflation, but some remained at 2018 levels. As you implement 2018 year-end tax planning strategies, be sure to take these 2019 adjustments into account in your planning. Bear […]

Howard Insights: Issuing 1099-Misc Forms

Dallas, Texas, November 2018 – Virtually every business will make payments to a non-employee that requires a 1099-Misc form be issued after year end.  Has your business made payments for legal services, consulting, accounting, design, rent, maintenance or cleaning to name a few?  These payments may very well require 1099-Misc forms and information return reporting […]

Act Now to Cut Your 2018 Tax Bill

The Tax Cuts and Jobs Act (TCJA) created more than 100 new tax provisions — a staggering thought as you begin to prepare for the next filing season. The good news is that these and some of the surviving provisions create a wealth of year-end planning opportunities. Choose the right approach to deductions Many taxpayers […]

Year-End Tax Planning for Businesses in the New Tax Environment

The passage of the Tax Cuts and Jobs Act (TCJA) in late 2017 brought significant changes to the tax landscape. As the first tax season under the law looms on the horizon, new year-end tax planning strategies are emerging. Meanwhile, some of the old tried-and-true strategies have changed and others remain viable. Fresh Opportunities The […]

Cash vs. Accrual Reporting: Which is Right for your Business?

Small businesses often use the cash-basis method of accounting. As businesses grow, they usually convert to accrual-basis reporting for federal tax purposes and to conform with U.S. Generally Accepted Accounting Principles (GAAP). Starting this tax year, the Tax Cuts and Jobs Act (TCJA) has increased the threshold for businesses that qualify for the simpler cash […]

Tax and Regulations Alert: 3 bills form Tax Reform 2.0

On September 13, 2018, the House Ways and Means Committee passed three separate bills that will be the cornerstone of what is being referred to as Tax Reform 2.0. The bills focus on making permanent certain provisions of the Tax Cuts and Jobs Act (TCJA) that affect individuals, families, and small businesses. They also promote […]

Howard Insights: Qualified Opportunity Zones

Dallas, Texas, August 2018 – The 2017 Tax Cuts and Jobs Act created Qualified Opportunity Zones in order to spur investment in distressed communities throughout the country.  New investments in these Opportunity Zones through Opportunity Funds can receive preferential tax treatment.  For most of the year, we have been awaiting for the State Governors to submit nominations […]

Howard Insights: New U.S. Supreme Court Decision is a Game Changer

Dallas, Texas, July 2018 – On June 21, 2018, the Supreme Court issued its opinion in South Dakota v. Wayfair (a landmark sales and use tax nexus case).  The Court ruled 5 to 4 that states can require an out-of-state seller to collect and submit sales or use tax on sales to customers even if the seller […]

15th Annual Economic Luncheon hosted by Howard, LLP

Dallas, Texas, May 2018 – On Thursday, April 5, 2018 at the Royal Oaks Country Club in Dallas, Texas, Dr. Dotzour presented his annual economic update during the 15th Economic Luncheon hosted by Howard, LLP. He presented “The Economic Outlook for Investors and Business Decision Makers” of which he gave his take on the economic outlook of […]

Howard Insights: Don’t Forget to Plan for State Tax

Dallas, Texas, March 2018 – With all the noise about federal income tax right now, it is easy to forget to plan for state income tax.  We are federally taxed with income tax, payroll tax, sales tax, and excise tax.  States want their piece of the pie too!  States tax businesses with income tax, sales tax, property […]

Howard Insights: Carried Interest

Dallas, Texas, March 2018 – The “Tax Cuts and Jobs Act” includes a provision dealing with the treatment of carried interest. Carried interest is defined as a share of the profits on an investment paid to a “manager/partner” in excess of the amount that the “manager/partner” contributes to the partnership.  It is a performance fee […]

Howard Insights: Like-Kind Exchange

Dallas, Texas, February 2018 – With the passage of the “Tax Cuts and Jobs Acts”, property once considered for a like-kind exchange could no longer qualify. Generally, when a taxpayer sells business or investment property and has a gain, it is considered a taxable transaction at the time of sale. Internal Revenue Code (“IRC”) Section 1031 provides the […]

Howard Made The List: 22nd Top North Texas Accounting Firm

Dallas, Texas, February 2018 – Howard, LLP was recently ranked as the 22nd largest North Texas accounting firm in Dallas Business Journal’s Book of Lists. The publication’s listing included 25 local accounting firms ranked according to the total number of local accounting professionals. “Howard is honored to again be named among the top accounting firms in the […]

Howard Insights: Key International Tax Provisions

Dallas, Texas, January 2018 – The “Tax Cuts and Jobs Act” (the “Act”) makes significant changes to the U.S. regime for the taxation of international business structures and cross-border transactions.   Key aspects of these changes are: Deemed repatriation of off-shore earnings. S. shareholders owning at least 10% of a foreign subsidiary must include in income for […]

Congrats to Leadership Development Academy Graduates 2017-18 Class

Dallas, Texas, January 2018 – The Howard, LLP team congratulates Kelly Fisher and Julia Koonsman who graduated from the 2017-2018 Class of the Dallas CPA Society Leadership Development Academy (LDA) on January 11, 2018. The Dallas CPA Society’s Leadership Development Academy was created to assist emerging leaders in the accounting and financial services industries in developing the skills […]

Howard Insights: Individual Tax Updates

Dallas, Texas, January 2018– With the passage of the “Tax Cuts and Jobs Act”, clients are asking how these changes will impact them personally. Below are a few of the items we believe could impact you. The majority of the provisions take effect for tax years starting after December 31, 2017. Standard deduction: Increased from $13,000 […]

Howard Insights: Pass-Through Entity Tax

Dallas, Texas, January 2018– With the passage of the “Tax Cuts and Jobs Act”, we now have major tax changes for the first since the Bush era tax cuts in 2003.  Several provisions will help both large and small businesses.  The largest benefit results in a new deduction for Qualified Business Income (QBI). For years, a […]

Howard Insights: Corporate Tax Changes

Dallas, Texas, December 2017– With the passage of the “Tax Cuts and Jobs Act”, there are significant changes for corporations and businesses in the way tax is calculated, expenses/deductions are allowed, and tax credits are available. Below are the main items we believe will impact our clients. Tax Rates: Corporations will have a flat 21% tax […]

Howard Insights: 2017 Annual Update

Dallas, Texas, December 2017– We welcome the opportunity to be your trusted advisors, and we look forward to the conversations we may have as a result of the information shared in our annual update. Howard aims to share valuable insight that can help you prepare for the months ahead on your personal returns, as well as […]

Howard Insights: Tax Reform Could Provide Year End Opportunities

Dallas, Texas, December 2017– As the vote on H.R. 1, the “Tax Cuts and Jobs Act” nears, we are highlighting tax planning opportunities available before year end, along with proposed changes related to depreciation and business interest expense. Opportunities before year end Any (new or used) property placed in service before year end is eligible for […]

Howard Team Members Presented at 64th Annual Texas CPA Tax Institute

Dallas, Texas, November 2017– Chris Barnes, IT Director of Howard IT Solutions, and Duncan Campbell, Tax Partner of Howard, LLP, gave a presentation entitled, “Not Again! Another Breach…Is it Your Business?” to CPAs in both San Antonio and Dallas as part of the Texas Society of CPA’s  annual “Texas CPA Tax Institute” conference held during November […]

2018 Howard Leadership Conference

Dallas, Texas, October 2017– Howard, LLPis proud to announce the 2018 Howard Leadership Conference (HLC) to be held in June 2018.  The HLC is an engaging and targeted learning experience tailored to help accounting students develop their career in the accounting industry.  The best candidates are students who want to learn more about the industry, […]

Howard Insights: Business Restructuring

Dallas, Texas, September 2017– When you start a new business, a lot of time is spent before formation determining what entity structure is right for this business.  Some of the topics addressed are: How many owners will there be? What kind of flexibility do you want for income allocation? Distributions? Do you intend to take the company […]

Howard Insights: IRS Gives Tax Relief to Victims of Hurricane Harvey

Dallas, Texas, August 2017– Hurricane Harvey victims in parts of Texas have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced Aug. 28, 2017. To learn more, please visit https://www.irs.gov/newsroom/irs-gives-tax-relief-to-victims-of-hurricane-harvey-parts-of-texas-now-eligible-extension-filers-have-until-jan-31-to-file. If you have any questions or need assistance, we encourage you to contact […]

14th Annual Economic Luncheon hosted by Howard, LLP

Dallas, Texas, June 2017 – On Thursday, May 11, 2017 at the Royal Oaks Country Club in Dallas, Texas, Dr. Dotzour presented his annual economic update during the 14th Economic Luncheon hosted by Howard, LLP. He presented “The Economic Outlook for Investors and Business Decision Makers” of which he gave his take on the economic outlook of the […]

Howard Insights: President’s Tax Proposal

Dallas, Texas, April 2017 – President Trump on April 26, 2017 offered a look into his proposal for tax reform.  Gary Cohn (Chief Economic Advisor) and Steven Mnuchin (Treasury Secretary) provided a summary of the plan; which includes: Individual Tax Rates – Currently, there are 7 tax brackets starting at 10% and ending at a 39.6% […]

Howard Wraps Up Spring 2017 Internship Recruiting Season

Dallas, Texas, April 2017 – Howard, LLP, a leading Dallas-based accounting firm, announced that it is wrapping up its spring recruitment campaign at leading universities in Texas to support its accelerating growth. The multi-month recruitment campaign consisted of on-campus career fairs and interviews, firm presentations, and networking events to recruit top talent for a variety of […]

Stop Tax Identity Theft in Its Tracks

Dallas, Texas, March 2017 – Imagine after sending in your annual tax return, you receive a notice from the Internal Revenue Service (IRS) saying that another return has already been filed using your name and Social Security number – and claiming a refund. Sound impossible? It can happen if you become one of a growing number […]

Howard Made The List: 22nd Largest North Texas Accounting Firm

Dallas, Texas, February 2017– Howard, LLP was recently ranked as the 22nd largest North Texas accounting firm in Dallas Business Journal’s Accounting Firms List. The publication’s listing included 25 local accounting firms ranked according to the total number of local accounting professionals. In today’s business environment, there’s no such thing as one-size-fits-all financial solutions. Industry […]

Dallas CPA Society Names Tim Pike as Chair-Elect

Dallas, Texas, January 2017 – The Howard, LLP team congratulates Tim Pike, Audit Partner at Howard, on his elected 2017-18 Chair-Elect of the Dallas CPA Society (DCPAS). For his Chair-Elect year, Tim will direct the Vision Committee that develops the strategic mission of the DCPAS, which occurs once every 3 years.  The follow year he […]

Congrats to Leadership Development Academy Graduates 2016-17 Class

Dallas, Texas, January 2017 – The Howard, LLP team congratulates Anthony Jones and Soracha Petersen who graduated from the 2016-2017 Class of the Dallas CPA Society Leadership Development Academy (LDA) on January 11, 2017. The Dallas CPA Society’s Leadership Development Academy was created to assist emerging leaders in the accounting and financial services industries in […]

Howard Insights: 2016 Annual Update

Dallas, Texas, December 2016 – We value our position as your trusted advisor and we look forward to the conversations we will have as a result of the information shared in our annual update. As business owners ourselves, we understand the importance of planning for future changes in your organizations and for each of us as individuals. […]

Thanks for Being a Part of Our Firm’s Family!

Dallas, Texas, November 2016 – At this time of year, we sit down with our families to acknowledge all the many things that have made us thankful throughout the year. Since we consider you a member of our firm’s family, we want to take the chance to express our gratitude to you for giving us the opportunity […]

Howard Insights: Plan Now to Save on Taxes Later

Dallas, Texas, October 2016 – Even though tax filing time is far away, the fall is the perfect time to start your planning so you can take advantage of all opportunities to minimize your tax bill. That begins with ensuring you’ve taken all the deductions that can help reduce your taxable income. Have you maxed out retirement […]

Howard Announces Tax Promotions

Dallas, Texas, July 2016 – Howard, LLP congratulates Leisha Gardner and Holly Watkins on their recent promotion to Senior Tax Manager. “We’re pleased to announce Leisha and Holly as part of our leadership team,” said Partner-In-Charge of the Tax Department Gary Kroll. “We know they’ll make an immediate impact and we’re thrilled to have them,” said […]

13th Annual Economic Luncheon hosted by Howard, LLP

Dallas, Texas, May 2016 – Dr. Mark G. Dotzour is a real estate economist who served for 18 years as Chief Economist of the Real Estate Center at Texas A&M University in College Station. He has given more than 1,425 presentations to almost 250,000 people and has written over 90 articles for magazines and journals. […]

Let Us Help You Leverage What You Can Learn from Your Tax Return

Dallas, Texas, April 2016 – What does your tax return say about your financial situation? The fact is the paperwork you file each year offers excellent information about how you are managing your money and which areas where it might be wise to make changes in your financial habits. If you have questions about your financial […]

Howard Insights: Tax Dates

Dallas, Texas, March 2016 – March is here and so is one of the busiest tax times of the year! Below are some important tax dates whether you are a business or individual. March 15  Corporation and S Corporation returns are due or must be extended Payroll tax deposits are due if you are a monthly filer March […]

Howard Made the List: 20th Largest North Texas Accounting Firm

Dallas, Texas, February 2016 – Howard, LLP was recently ranked as the 20th largest North Texas accounting firm in Dallas Business Journal ‘s Accounting Firms List. The publication’s listing included 25 local accounting firms ranked according to the total number of local accounting professionals. In today’s business environment, there’s no such thing as one-size-fits-all financial solutions. Industry […]

Howard Team Members are Always Learning

Dallas, Texas, January 2016 – The Howard, LLP team congratulates Rebecca Haynie and Marelle Raksnis who graduated from the 2015-2016 Class of the Dallas CPA Society Leadership Development Academy (LDA). The LDA program is designed to help participants develop the skills needed to be effective leaders within their organizations, professions and community. Rebecca and Marelle, the firm […]

Howard Announces 4 New Partners

Dallas, Texas, January 2016 – Howard, LLP, a Dallas-based accounting firm offering financial consulting, audit, assurance and tax services for 35 years, is pleased to announce four new partners. The leadership addition will bring Howard’s total partners to 8. “I am extremely proud to introduce the promotion of these new partners of Howard,” said firm Managing Partner Otey […]

Howard Tax Insights: PATH Act

Dallas, Texas, December 2015 – Recently, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015 (PATH Act).  This Act extends and modifies numerous provisions that previously expired, and makes many of them permanent.  The changes to the law include: The Research & Development credit (made permanent, and made creditable against […]

Howard Tax Insights: De Minimis Tangible Property Increase

Dallas, Texas, December 2015 – Recently, the IRS announced a significant change to the de minimis threshold under the Tangible Property Regulations that went into effect during 2014.  Under the original rule, taxpayers could elect to currently deduct expenses for the purchase of tangible property that would otherwise have to be capitalized, as long as […]

Howard Insights: 2015 Annual Update

Dallas, Texas, November 2015 – Another year has flown by and the Howard team wants to provide you with information that will be useful for both yourself and your business to prepare you for the remainder of 2015 and beyond. Howard Insights: 2015 Annual Update. About Howard: Howard, LLP is a Dallas-based accounting firm that has provided valued […]

Dallas Morning News Names Howard a 2015 Top 100 Place to Work

Dallas, Texas, November 2015 – Howard LLP, a leading Dallas-based accounting firm, has been awarded a 2015 Top 100 Place to Work by The Dallas Morning News. The Top Workplaces list is based solely on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm that specializes in organizational health and workplace improvement. […]

Howard Tax Insights: Changes to Social Security Benefits

Dallas, Texas, November 2015 – On November 2, President Obama signed into law The Bipartisan Budget Act of 2015.  This law contained two major changes to the Social Security system, which will affect many taxpayer’s strategies to maximize benefits. The first major change eliminates the file and suspend method, a popular strategy used by married couples to maximize […]

Wish You Had a Coach for Your New or Growing Business? We Can Help.

Dallas, Texas, October 2015 – Are you launching a business or product line? You may have relied on us for years for timely and personalized tax and audit advice, but you may not be aware that we help business owners start and expand their companies every day with several types of services. In fact, we frequently serve […]

Howard Names Sarah Hancock as Senior Tax Manager

Dallas, Texas, September 2015 – Howard, LLP team congratulates Sarah Hancock on her recent promotion to Senior Tax Manager. Sarah joined the firm in July 2014 as a member of the tax team with over 20 years of tax experience. She has worked with many types of industries and companies, ranging from small privately held corporations, […]

Howard Tax Insights: New Return Due Dates. Don’t Miss Your Deadline.

Dallas, Texas, August 2015 – On July 30, 2015, the Senate passed the short-term highway funding extension, sending the bill to the President for signature.  Included in the bill are several changes to the due dates of various income tax returns.  These changes will apply to returns filed in 2017, for tax years beginning on […]

Howard Tax Insights: Home Ownership Tax Deduction Tips

Dallas, Texas, July 2015 – How much can I save? Are real estate taxes deductible? Keep these tax considerations in mind when you’re purchasing a home. Click here: Howard Tax Insights: 2015 Home Ownership Tax Deduction Tips   essays writing for me