Raising children is expensive. How expensive is it in Texas? In Texas, parents paid $777 a month or $9,324 annually, for infant care and $589 a month, or $7,062 a year, for childcare, according to the Economic Policy Institute. Compare that to in-state tuition for a four-year public college, and you will find that it…
Geopolitical events evoke emotions and irrational behavior in all of us. Whether you are young or old, the idea of another country attacking another country sucks. The obvious questions arise: “What are they thinking” and “Whose idea is this” War has existed since the beginning of time and, unfortunately, will continue. The new ongoing war…
Happy New Year from the Internal Revenue Service. While there may have been limited activity at your workplace last week, the IRS was busy. The result? You need to watch your mailbox for IRS letters and check your contribution % on your 401(k) and Simple IRA. The IRS announced that it will…
Happy Halloween Weekend. By now, you’ve likely seen that the House Ways and Means Committee released a draft of significant tax legislation. The proposed tax plan is not a treat and has many tricks contained inside the proposed bill. Today is the time to begin your 2021 Tax Planning. SCHEDULE A MEETING Tax planning…
Summertime is travel time, and often it happens to include a conference or business travel. We get asked often, “Is my travel deductible?” Business travel expenses are deductible to a business, but what if the trip combines business activities and personal events? The deductibility of business expenses depends on where the journey takes place – within the…
Hello everyone, this is Ashley Graban, Director of Client Services, and I have grabbed hold of Michael’s blog to share a conversation he and I had about the Advance Child Tax Credit Payment.