When it comes to tax planning and your investments, it can be difficult to know where to start. Tax treatment of investments varies based on a number of factors, such as type of investment, type of income it produces, how…
We are thrilled to announce that our company has been recognized as one of the Best Places to Work in Texas for 2024. This prestigious honor reflects our unwavering commitment to fostering a supportive, innovative, and inclusive workplace. A…
Authored by RSM US LLP, January 15, 2025 Navigating the accounting for pre-funded warrants, commonly referred to as penny warrants, can feel like entering uncharted territory. The accounting guidance is complex, unclear and often inaccessible to those without specialized experience…
The IRS is introducing updates for the 2025 filing season to enhance taxpayer security and prevent refund delays. One key change is that e-filed tax returns claiming dependents listed on another return will be accepted if the primary taxpayer provides…
Assisted living facilities provide essential support for seniors and individuals with disabilities, offering services such as help with daily activities, medical care, and a safe living environment. While assisted living costs can be significant, there are potential tax benefits, such…
Authored by RSM US LLP, January 06, 2025 When donating a vehicle to charity, there are a number of important considerations of which donors must be aware if they intend to take the charitable contribution deduction. The rules related to…
For many small business owners, managing payroll taxes can feel like working a complicated puzzle. One wrong piece – a missed deadline, a misclassified worker, a record-keeping slip – and you risk penalties, audits, or employee dissatisfaction. By understanding the…
If you’re someone who pays quarterly estimated taxes, there’s a critical deadline approaching: January 15th. By this date, you’ll need to have paid at least 90% of your total tax liability for the year to avoid underpayment penalties. These penalties…
If you’ve ever felt a bit lost sorting through terms like gross income, adjusted gross income (AGI), modified adjusted gross income (MAGI), and taxable income on your tax return, you’re not alone. Understanding these definitions isn’t just about numbers on…
On December 17, 2024, Haynie’s Dallas office members supported a meaningful cause by participating in a volunteer event with Feed My Starving Children (FMSC). This nonprofit organization is dedicated to providing nutritionally complete meals to children in need worldwide. The…
