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Understanding the Basics of Texas Franchise Tax: A Guide for Business Owners

Understanding the Basics of Texas Franchise Tax: A Guide for Business Owners If you do business in Texas, you may have to file for and pay Texas franchise tax.  

 Tax preparation services Houston

Tax-Saving Benefits of Hiring Your Child 

If you own a business, hiring your child or grandchild could be a great way to teach them valuable work skills and save thousands on taxes.  

Let me tell you why

Airbnb tax, rental home tax,  S corp tax,

If you are a rental house owner, you may be able to deduct up to $25,000 of losses from your rental real estate activity from your nonpassive income. It is an exception to the general rule that disallows losses from passive activities and could be a tremendous tax-saving opportunity. Let's examine how this special allowance works and how you might benefit from it.

employee retention credit, ERC, COVID-19 relief

If you're a golf enthusiast, you've likely heard of the Masters golf tournament, which takes place annually in Augusta, Georgia. During the tournament, many residents of Augusta rent out their homes to visitors as a way to earn extra income. But did you know that the IRS has specific rules about renting out your home?

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Houston CPA tax , acounting
Arnold CPA is a full-service
accounting firm in Houston, Texas.
License no. C10791
Email: info@arnold-cpa.com
Phone: 281-947-2082
 
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