Each year, various rates of taxation in the U.S. are adjusted in response to inflation. Designed to help taxpayers maintain the purchasing power of their savings, these annual inflation adjustments are important to keep in mind when planning for various … Read More
Last week, President Biden addressed a joint session of Congress for the first time to reveal the details of his American Families Plan. The third in a series of proposals Biden released as part of his larger economic agenda, the … Read More
Early last month, President Joe Biden signed the American Rescue Plan Act (ARPA) into law. A sweeping $1.9 trillion aid package, the ARPA is the latest major piece of legislation to provide economic relief and stimulus, both tax and non-tax, … Read More
Early last month, President Joe Biden signed the American Rescue Plan Act (ARPA) into law. A sweeping $1.9 trillion aid package, the ARPA is the latest major piece of legislation to provide economic relief and stimulus, both tax and non-tax, … Read More
Please be aware that all Texas residents now have until June 15, 2021 (instead of April 15) to file their tax returns and make tax payments, in light of the winter storms that occurred this month across the Lone Star … Read More
Last week’s Senate election results in Georgia give President-elect Joe Biden a much better chance at implementing the policies that he promised on the 2020 campaign trail, such as raising taxes on corporations, estates and high-income households. Even with the … Read More
In 2017, the Tax Cuts and Jobs Act (TCJA) eliminated the deduction for entertainment, amusement, or recreation expenses and instituted new limitations on the deduction for food and beverage expenses, leaving many taxpayers and tax professionals unsure as to the … Read More
The coronavirus pandemic has caused tremendous challenges, particularly for small business owners across the United States. In response, numerous state and federal agencies have implemented emergency relief programs, such as the CARES Act and the Paycheck Protection Program, to … Read More
For many, the coronavirus pandemic has established what is being referred to as the “new normal”. In the United States, with this “new normal” came a new tax day! Earlier this year, the Treasury Department provided relief for American … Read More
Citizenship for MTA’s Own Chi Le
Maddox Thomson is thrilled to announce our own Chi Le is now a naturalized citizen of the United States! For many people, becoming an American citizen is a dream. The path to citizenship can be long and costly and takes … Read More