How to Form a Nonprofit Organization in Texas

By: James A. Bradley, CPA, MBT(Tax), Tax Manager at Millan and Co, PC, Austin, TX. June, 2019. jim@millancpa.com A nonprofit organization is organized for charitable, educational, or religious purposes, and it can qualify for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. … [Read more...]

A vector image illustrating tax preparation elements

Itemized Deductions

By: Carlos Nazario CPA, JD, Tax Director at Millan and Co, PC, Austin, TX. April, 2019. carlos@millancpa.com Itemized deductions vs. standard deduction The Tax Cuts and Jobs Act or “TCJA” of 2017 made multiple changes to the individual income tax, including changes limiting significantly the … [Read more...]

Tax Cuts and You

By: Carlos Nazario CPA, JD, Tax Director at Millan and Co, PC, Austin, TX. April, 2019. carlos@millancpa.com The Tax Cuts and Jobs Act or “TCJA” of 2017 made multiple changes to the individual income tax, including changes limiting significantly the itemized deductions and affecting the … [Read more...]

An illustration of a chainsaw cutting through letters spelling TAXES

Choosing among Pass-through Entities

By: Carlos Nazario CPA, JD, Tax Director at Millan and Co, PC, Austin, TX. February 2019. carlos@millancpa.com Pass-through Entities Usually a business is organized using an entity, which has legal capacity independent form its organizers, and can own property, raise capital, enter into … [Read more...]

Introducing Millan & Company P.C., Bookkeeping Services

Millan & Company P.C. has recently announced a comprehensive set of certified bookkeeping services, allowing organizations to focus more time and energy on their businesses and to help make more informed budget decisions. A recent article in Entrepreneur magazine provides some helpful insight … [Read more...]

5 Tips to Save Money this Holiday Season

The holidays are all about giving, but it can be a tricky task to act out pure generosity without finding yourself penniless come new year. Luckily, with a bit of creativity and foresight, you can indulge in all your favorite holiday traditions while barely making a dent in your normal finances. All … [Read more...]