TFX is awesome – a peace of mind saver.
Working with my tax CPA went above and beyond on her part and I feel very relieved that the previous tax year is completed. They will definitely have my business again next year.
For small business owners contemplating the appropriate legal structure for their enterprise, the S corporation offers a blend of pass-through taxation and corporate liability protection.
This entity type, recognized under Subchapter S of the Internal Revenue Code, is designed to support small businesses by avoiding the double taxation...
As Texas prepares for the upcoming storm and hurricane season, residents can take advantage of a tax holiday for emergency supplies.
Scheduled for the last weekend of April, this tax break allows Texans to stock up on necessary items without paying sales tax.
Overview of the tax holiday
Dates and duration
The tax-free period begins...
Filing taxes as an S corporation in the United States requires meticulous attention to detail and a deep understanding of specific IRS requirements.
Form 1120-S is the cornerstone of this annual financial reporting, serving as an S corporation's US income tax return. This form not only ensures compliance with federal tax obligations but also...
Form 5472 is an important document for foreign companies doing business in the United States. This IRS form helps ensure that companies comply with US tax regulations regarding their related party transactions.
The form is complex, and proper filing is essential to avoid significant penalties. This guide provides a detailed walkthrough of...
As a professional traveling for business, understanding the nuances of business travel tax deductions can significantly impact your financial planning and tax obligations.
This guide will delve into what constitutes a deductible business expense, how to distinguish between personal and business travel, special considerations for domestic and...
