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8 Important Steps for Houston Metro Non-Profits Before Year-End

8 Important Steps for Houston Metro Non-Profits Before Year-End

With the increased standard deduction this past year ($12,400 single, $24,800 married filing jointly, $18,650 head of household), some smaller charities began to see a decrease in donations.This year might be worse.Yes, I hate to be the one to say these things, but...

The Seven Primary Tasks For Any Houston Metro Business Team

The Seven Primary Tasks For Any Houston Metro Business Team

A week past the election, and still plenty of disagreement about the results.That means this is another week where you have the opportunity for the other chumps out there to get massively distracted by the political war games ... while you go about quietly building...

Scott Terry’s Perspective On Proposed New Tax Policies

Scott Terry’s Perspective On Proposed New Tax Policies

Oh, you thought I would tell you who I thought would win the presidential election?Nope, I'm not going there.I'm a tax professional though, and I'm not immune to conversations about proper planning for either eventuality. In my opinion, however, the BEST advice about...

Big PPP Loan Forgiveness News For Houston Metro Businesses

Big PPP Loan Forgiveness News For Houston Metro Businesses

You might have seen some rumors on this already, but I wanted to help make everything clear for you...A few weeks back I told you that there were some tax professional rumors circulating about “automatic PPP loan forgiveness” for loans under $150K. Remember that?Well,...

5 Business Mistakes That Can Be Fatal by Scott Terry

5 Business Mistakes That Can Be Fatal by Scott Terry

All the political people are arguing over taxes, and my inner geek smiles.(By the way, if YOU want to argue about the tax issues, here's a good explainer article to start with before you make big declarations about the tax issues involved.)Because I'm not really...

Identifying Your Target Prospect by Scott Terry

Identifying Your Target Prospect by Scott Terry

With the business deadline (9/15) behind us, we're in tax planning season.Though the IRS (and Congress) haven't yet definitively made a statement about it (that we know of), here at TST Accounting, LLC we are operating according to the fact that the filing deadline is...

Struggling Houston Metro Businesses Be Careful With Price Reductions

Struggling Houston Metro Businesses Be Careful With Price Reductions

Here we are, with Q3 of 2020 in the rearview mirror, THANK GOODNESS.Only one more quarter left in this 2020 donkey -- but it's going to be an eventful one.I get asked a bunch by Houston Metro clients and friends what I think the markets will do, and the only thing I...

About That PPP Forgiveness Application for Houston Metro Businesses

About That PPP Forgiveness Application for Houston Metro Businesses

I have a few quick-hit things to cover today.The first of which relates to some timing issues. Labor Day is behind us (though many of my Houston Metro business owner friends and clients don't really take time off for that).(You can't really take a vacation in the same...

Use These Financial Reports For Business Decisions By Scott Terry

Use These Financial Reports For Business Decisions By Scott Terry

Just in time for the weekend, the IRS issued Friday-evening guidance about the overly-hyped (at first) payroll tax "holiday".There was initial hope that this might be a great shot-in-the-arm for Houston Metro businesses and employees, but given how the thing is...