Ryan X. Mullin, CPA

Do you know about Texas franchise tax? If you live outside of Texas you probably don't, but if you're doing business in Texas then you need to be aware. In LedgerGurus latest video, Kelley Birrell goes into all the details: ✔ What is TX franchise tax ✔ The changes in the law in 2024 ✔ Who needs to worry about it and who doesn't ✔ How to fill out the EX Computational report ✔ How to fill out the Long Form report Now you know. #texasfranchisetax https://lnkd.in/gxEQaEst

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Do you enjoy going to conferences for networking and continuing education? The IMA | Institute of Management Accountants Tulsa Chapter is hosting its annual conference next month! Get signed up today! #accountingandaccountants #financeandaccounting #networking #conference Check the comments for more information.

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Unlock your business's financial potential with Henriquez Accounting! 📊✨ With over 20 years of expertise, we specialize in controller services to streamline your financial reporting and ensure seamless compliance across all 50 states. 💼 Our proactive bookkeeping and strategic tax planning empower you to make informed decisions and maximize financial efficiency. Whether you’re a small or large business, our virtual firm is equipped with cutting-edge practices to enhance transparency and boost cash flow. Ready to transform your financial future? Let’s grow together! 🚀💰 #HenriquezAccounting #FinancialSuccess

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Dear Company Owners and CEOs, Are you potentially missing out on significant tax savings by solely relying on your CFO or CPA? Our client's CFO and CPA were previously unaware of available tax credits at their Louisiana properties. Through DCI's analysis, they saved $51,143 in just one year. The key takeaway? Prioritize curiosity and a willingness to learn from expert cost audit firms. Authorize specialists like DCI to uncover hidden savings and boost your company's earnings. #TaxSavings #BusinessGrowth #FinancialStrategy

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What does it say when a small, specialized tax firm in Oklahoma has more followers and interacts with said followers and clients than a bigger firm in the same business operating at a national scale? Find out for yourself - message us how TaxSmith Tax & Accounting and our partners can assist you or your business with your tax and accounting needs, from payroll to tax engine/software installation/implementation. Message me for more info! #salestax #data #SalesTaxLink

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FYI…I’m representing 2 new clients with correspondence exam regarding Material Participation, Depreciation, and REPS! One of the them is a STR where they claimed Material Participation, took a cost segregation and bonus depreciation for 2021. Naturally, the IRS wants to see the time log for material participation. The other one a mix of STR & LTR. Interest the IDR is requesting supporting documentation for the 750 hours. But, there is nothing regarding material participation for the STR. I’m collecting evidence from clients…let’s see how it goes. STR loophole pair with a cost segregation is a great strategy as long as you have the supporting documentation. Make sure you meet of the 7 test for material participation Reg. Section 1.469-5T(a) Most common ones 1. The individual participates in the activity for more than 500 hours during such year; Or 3. The individual participates in the activity for more than 100 hours during the taxable year, and such individual's participation in the activity for the taxable year is not less than the participation in the activity of any other individual (including individuals who are not owners of interests in the activity) for such year; The key is to track your hours and the hours of the other individuals. Spending extra 30mins doing your time log will be huge in case your tax return gets picked up by the IRS. #realestate #realtor #realestateinvesting #shorttermrentals #rentalproperties #realestateinvestors

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Here's how we helped a gym substanitally save on taxes with a cost segregation study: https://lnkd.in/ebCGVXW9 #smallbusiness #taxes #business

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Introducing Landry's New Tax Reform Plan: Key Insights and Opportunities for High Net Worth Individuals With Landry's new tax reform plan making headlines, it’s crucial for business owners and high-net-worth individuals to understand the major changes and seize potential benefits. Here are the standout features and opportunities from this comprehensive reform: **Key Insights:** 1. **Simplification of the Tax Code:** - **Reduction in tax brackets:** Consolidating into fewer categories to simplify tax calculations. - **Clearer deductions and credits:** Making it easier for taxpayers to access available benefits. - **Enhanced user experience:** Upgraded, more intuitive tax filing platforms. 2. **Business Tax Incentives:** - **Lower corporate tax rates:** Promoting competitiveness and encouraging business growth. - **Incentives for small businesses:** Tailored tax breaks to foster local economic development. 3. **Tax Relief for Middle-Class Families:** - **Expanded child tax credit:** More substantial support for families with children. - **Housing incentives:** Deductions and incentives for homeowners. - **Educational credit enhancements:** Making higher education more affordable. 4. **Impact on High-Earners:** - **New top tax rates:** Aiming for a more balanced and equitable tax system. - **Capital gains tax adjustments:** Addressing income disparities through fair taxation. 5. **Focus on Sustainable Initiatives:** - **Green tax credits:** Encouraging investment in renewable energy. - **Subsidies for eco-friendly practices:** Supporting sustainable business practices. - **R&D incentives:** Promoting development in green technology. **Opportunities:** 1. **Enhanced Savings:** Simplified tax code and new credits leading to substantial savings. 2. **Economic Growth and Job Creation:** Business incentives driving local investments and job creation. 3. **Support for Families and Education:** Making child-rearing and education more affordable. 4. **Sustainability Promotion:** Tax incentives encouraging eco-friendly practices, boosting green industries. Stay ahead by aligning your financial strategies with these new policies. For tailored advice on maximizing your tax savings, set up a call with Together CFO by clicking the following link: **[here](https://lnkd.in/gAa4dwUG. Engage with our insights — share your thoughts and experiences in the comments!

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We like to say everything is bigger in Texas, and so it goes for everything in Texas… Texas is one of the top economies in the world, and with it comes a more complex tax structure, and there can be quite a bit of confusion around sales tax compliance and the associated audits that will come to both small and large companies! At Peisner Johnson we simplify sales tax so you can focus on building your business and doing what you do best. If you have questions, let’s chat… #texasbig #salestax #peaceofmind

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Enhance your business's financial health with expert controller services from Henriquez Accounting! 📊 With over 20 years of experience, we provide specialized bookkeeping, accounting, and tax preparation services tailored to your needs, available across all 50 states. From proactive bookkeeping to comprehensive payroll processing and strategic tax planning, our virtual firm ensures compliance, financial transparency, and readiness for new opportunities. Let us help you streamline your financial processes and maximize efficiency. Reach out to us today and take the first step toward financial success! 💼💰 #FinancialHealth #HenriquezAccounting #BusinessGrowth

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Boost your financial growth with Henriquez Accounting! 📊 With over 20 years of expertise, we specialize in delivering top-notch controller services that enhance financial reporting and analysis. Our team ensures organized and accurate financial systems, helping you stay compliant and make informed decisions. 💡 Whether you're navigating tax complexities or seeking strategic planning, we've got your back. Let us streamline your processes and uplift your business performance. 🌟 Maximize efficiency, increase cash flow, and embrace new opportunities with our dedicated support! #FinancialGrowth #HenriquezAccounting #BusinessSuccess

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Tax season is just around the corner! 🎯 At Henriquez Accounting, we understand that effective tax planning & preparation are key to your financial success. Whether you're a small business owner or an individual filer, our expert team is here to navigate the complexities of tax laws for you. From maximizing deductions to ensuring compliance, we've got you covered. Let us help you minimize your tax burden and plan strategically for the future. Ready to stress less and save more? 📈 Schedule your consultation with us today and experience the Henriquez Accounting difference. 💼💡 #TaxSeason #HenriquezAccounting #TaxPlanning #TaxPreparation #FinancialSuccess

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Tennessee implemented Senate Bill (SB) 2103 on May 10, altering the calculation method for the state franchise tax. Previously, the tax was based on either apportioned net worth or the value of property in the state. SB 2103 addresses constitutional concerns by removing the property measure, now solely relying on apportioned net worth. Amendments to the bill include provisions for refunds for periods ending on or after March 31, 2020, with claims accepted between May 14, 2024, and Nov. 30, 2024. For the past few years there is potential TN refund opportunity based on the enacted legislation. If business is operating in Tennessee please let me connect you with our state specialists CohnReznick LLP such as Faith Gorman to ensure that all state opportunities have been addressed. #Tennessee #stateopportunity #refund

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