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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

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% […]

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 […]

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 […]

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, 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 […]

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 […]

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. […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, 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. […]

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 […]

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 […]

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 […]

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

Dallas, Texas, June 2015 – Time is quickly running out to modify or remove Medical Reimbursement Plans that are not in compliance with the Affordable Care Act (ACA).  Medical Reimbursement Plans, Health Reimbursement Arrangements (HRA), and other cafeteria plans designed to assist employees with the cost of health insurance premiums or other medical costs all […]

Dallas, Texas, May 2015 – Dr. Mark G. Dotzour, Chief Economist of the Real Estate Center at Texas A&M University, presented his annual economic update in front of more than 250 guests on May 14, 2015. It was the 12th annual event, hosted by Howard, LLP, in which Dotzour presented “The Economic Outlook for Investors and […]

Dallas, Texas, May 2015 – Join the Howard, LLP team at this year’s Dallas CPA Society (DCPAS) Convergence to be held Friday, May 8, 2015, at the InterContinental Dallas Hotel.  We are proud to be a sponsor for the 11th edition of this great DCPAS tradition which provides top-quality continuing education to North Texas accounting […]

Dallas, Texas, March 2015 – The phone rings. The caller says they are from the Internal Revenue Service (IRS) and they claim you owe taxes and must submit payment through a wire transfer or prepaid debit card. Or you receive an email supposedly from the IRS asking you to share your bank account, credit card or […]

Dallas, Texas, February 2015 – Recently, the IRS issued long awaited final regulations on the tax treatment of amounts paid to acquire, produce, or improve tangible property.  These regulations explain which payments can be deducted immediately, and which must be capitalized and depreciated.  These regulations will affect any business that has ever depreciated property, had […]

Dallas, Texas, January 2015 –  As our firm continues to grow, we have a responsibility to our community to give back a piece of what we receive, and the Howard, LLP team is aware of our increasing responsibility and is taking an active role in honoring it. Starting January 30th, we are giving our team […]

Dallas, Texas, January 2015 – The Howard, LLP team congratulates Tyler Laux who graduated from the 2014-2015 Class of the Dallas CPA Society Leadership Development Academy (LDA) on January 8, 2015. The LDA program is designed to help participants develop the skills needed to be effective leaders within their organizations, professions and community. Tyler, the firm thanks you […]

Dallas, Texas, December 2014 – Howard, LLP and William R. Moss, CPA are pleased to announce the merger of the two Dallas-based firms that provide audit, assurance, tax and financial consulting services.  The firms will operate under the Howard name. Bill Moss, owner/founder of William R. Moss, CPA, will join the Dallas office and continue to provide […]

Dallas, Texas, December 2014 – 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 2014 and beyond. Howard Insights: 2014 Annual Update. About Howard: Howard, LLP is a Dallas-based accounting firm that has […]

Dallas, Texas, November 2014 – Duncan Campbell, a senior tax manager with leading CPA firm Howard, LLP, gave a presentation entitled, “Did NIIT give you a fit?” 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 20-21, 2014. Duncan […]

In March of 2009, the IRS issued Rev. Rul. 2009-9 & Rev. Proc. 2009-20 to offer guidance to taxpayers who were defrauded in Ponzi schemes such as the Bernard Madoff scam.  In this revenue ruling, the IRS clarified many of the complex issues involved in deducting the losses incurred in the Ponzi-type schemes, and established […]