By joining the enormously talented Rockets, LeBron James could have seen a string of NBA championships. But, there’s another major reason that captivates the financial minds here at MTA. After taxes, he’d also have more money!
In case you missed … Read More
Recently, there has been a lot of attention dedicated to online businesses’ responsibility for sales tax. There are questions about how the current situation affects small local businesses, emerging online businesses, and state and local government revenues. As is usually … Read More
The Tax Cuts and Jobs Act (“TCJA”), which was enacted on December 22, 2017, is the largest piece of tax legislation passed since 1986. The majority of the media coverage surrounding this law has focused on the changes in tax … Read More
Last year only one out of every 10,000 people in the world had what it took to become a naturalized U.S. citizen. Pedro Obando is now one of the few.
As 2018 kicks off, and we all make those silent promises to ourselves to get in shape, eat healthy, or to spend less time on social media, we should be focusing on our financial health. A great way to accumulate … Read More
At Maddox Thomson, we are continuing to track anticipated federal tax law changes under The Tax Cuts and Jobs Act of 2017. With the recent release of the Congressional conference committee report, we now have a better idea of how … Read More
Tis the season to think of ways to help and put a smile on your loved one’s faces. If you are thinking of giving a substantial monetary gift, you should know the tax implications beforehand.
Form 709, United States Gift … Read More
As the battle for tax reform continues in Washington, many people don’t understand the impact of proposed changes to the standard deduction and itemized deductions. Based on the latest IRS averages listed below, which use data from 2014 tax returns, … Read More
At Maddox Thomson, we have been tracking anticipated tax law changes proposed by President Trump from the time of his election back in November of 2016. Since that date, there have been several proposed plans introduced by Congress, and we … Read More
Corp Battle: C or S under Tax Reform
Americans are still scrambling to learn the new rules and regulations under Tax Cuts and Jobs Acts. Likewise, tax and financial planners are looking for new ways to help their clients achieve financial success. One of the new ways is … Read More