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 … [Read more]
Millan and Co, PC, Austin, TX. April, 2019 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 alternative minimum tax, … [Read more]
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 … [Read more]
By: Carlos Nazario CPA, JD, Tax Director at Millan and Co, PC, Austin, TX. February, 2019. carlos@millancpa.com The Tax Cuts and Jobs Act of 2017 (TCJA) created a new 20 percent deduction for qualified business income from sole proprietorships, … [Read more]
With the 2016 elections fast-approaching, it's important to understand where the various presidential candidates stand when it comes to taxes. Take a look at this infographic from MBACentral.org to learn more about each candidates' tax position. … [Read more]
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 … [Read more]
The sharing economy has re-configured the way we operate and live. Thanks to smart phones, virtually any need can be met instantly with the click of a mobile app. These sharing apps provide seemingly endless possibilities for consumers to unite … [Read more]
Planning for the future - and for the unexpected - requires long-term preparation. How much money do you need to set aside for your retirement? What about for emergencies such as home and car repairs, medical bills, or job loss? If … [Read more]
Small business owners have disparate needs and objectives. The need for a strong program to manage finances, however, is imperative whether you are a start-up, consultant, freelancer, sole-proprietor, or a growing microbusiness. The day-to-day … [Read more]
Setting up an IRA (Individual Retirement Account) is a secure way to garner a steady retirement nest egg over the span of your career. There are many types of IRA’s; which one is right for you is determined based on your … [Read more]