Creating a partnership agreement is one of the best steps you can take when you launch a business with someone else. You don’t want to just agree on things verbally or assume that you’re both on the same page. A partnership agreement allows you to get everything in...
San Antonio Tax Law Blog
5 income tax issues that are actually fraud
Keeping up with current tax laws is challenging, but it’s necessary for those who plan to do their own taxes. Even if you use a professional tax preparer, you must still ensure the information you provide to them is accurate. There are some tax issues that are...
4 common estate planning myths
Estate planning is the process of documenting your assets and last wishes in anticipation of your passing. This way your assets can go into good hands and your beneficiaries can benefit from your estate. However, many people put off estate planning. This likely...
Naming a guardian for your child can prevent court battles
Many people are spurred to start their estate planning when they have a child. They want to designate a legal guardian who will step in and raise them should something happen to both parents. Unfortunately, not everyone does this. They assume that because they have a...
How does the Paycheck Protection Program work?
In 2020, the CARES Act created Small Business Administration’s (SBA) Paycheck Protection Program (PPP) , which provides short-term and low-interest loans for eligible small businesses to cover business-related costs such as payroll expenses and certain operating...
Don’t make these estate planning mistakes
Estate planning is a task that many adults overlook, but it’s one that’s critical. There are many things to consider when you’re creating your estate plan. Creating your estate plan will take time, but it isn’t something you should rush through. Making mistakes as...
What if you owe more in taxes than you can pay?
Maybe you earned a very competitive salary at the height of your career and employed an aggressive accountant who claimed to legally minimize your tax obligations. You felt pleased with the results of their work, and you had no reason to question their professional...
Getting remarried? Take another look at your estate plan
Any time you have a major life change, that’s a good time to think about working on your estate plan. Your estate plan goes over how you’re going to pass on your assets and what you want to have happen if you become incapacitated, so it makes sense to update it any...
How shared child custody arrangements could lead to tax issues
For the average parent considering shared custody, their concerns focus primarily on access. They want to get to see their kids on birthdays or ensure that they can attend basketball games. If you don't address all of the right terms, especially if you handle your...
Will you need to attend a meeting during an IRS audit?
An audit will typically mean a careful review of your financial records and tax return filings. If there are serious issues, the Internal Revenue Service (IRS) could determine you owe unpaid taxes, and they could even pursue criminal charges in extreme cases. Audits...
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Taxation Law Representation
Business & Employment Tax Matters
Probate