Vote now! The 17th Annual Best of The Woodlands Competition 2026 is underway! Voting kicks off on February 1 and wraps up on February 21. At Haynie in The Woodlands, we’re honored to have received previous Best of The Woodlands…
The IRS recently issued new guidance clarifying how the permanent 100% bonus depreciation deduction – part of the One Big Beautiful Bill Act (OBBBA) passed in 2025 – will work going forward. The latest IRS update (Notice 2026-11) explains how…
The IRS has released a new round of guidance (IR-2025-117 and Notice 2025-68, both issued December 2, 2025) clarifying how a new type of retirement account, called a Trump Account, will work when it becomes available in 2026. What is…
The One Big Beautiful Bill (OBBB) Act, which takes effect for the 2025 tax year, changes how tips are taxed, and many business owners and employees are likely to have questions about how this will affect W-2 reporting. For 2025,…
2026 Social Security COLA Increase Social Security beneficiaries will see a 2.8% cost of living adjustment (COLA) beginning January 2026, increasing monthly benefit payments for tens of millions of recipients. Why the Adjustment Matters The adjustment, announced by the Social…
Authored by Ty Holman When a business or organization is asked to provide financial statements, a common follow-up question is whether those statements must be audited. The answer depends largely on who is requesting the financial statements and how much…
As we move into tax season, we’d like to share a few important reminders to help ensure your returns are prepared on time. Important Timing Reminder To meet filing deadlines and allow time for proper review, analysis, and any follow-up…
It’s the start of a new year, which means it’s time to get your 1099s in order. If you paid any contractors in 2025, paid office rent, or received royalties, there’s a good chance you’ve got some forms to file…
For most people, tax season brings a quiet panic about what they might be forgetting and a last-minute rush to pull everything together before the deadline. But it doesn’t have to be that way. With just a little preparation, you…
On November 20, 2025, the IRS released Notice 2025-71, offering temporary guidance for a new tax provision under Section 139L of the Internal Revenue Code. This provision allows certain lenders to exclude 25% of the interest income they receive from…
