As accounting professionals, we know that tax planning can often feel like a game of chess—anticipating moves, staying informed about potential legislative changes, and leveraging strategies to optimize outcomes for your clients or your business. One critical development on the horizon is the potential elimination of the SALT (State and Local Tax) deduction limit after… Read More
Open enrollment is here. For those of you with access to a high-deductible health insurance plan, take a closer look at the benefits of a Health Savings Account (HSA). Health savings accounts are one of our clientele’s most overlooked tax breaks. You must have a high-deductible health plan to qualify. If your healthcare needs are… Read More
In the ever-evolving landscape of tax planning, finding ways to maximize retirement savings while minimizing tax liabilities is crucial. One strategy that has gained significant traction in recent years is the Roth conversion. For residents of The Woodlands, Texas, working with a trusted partner like Woodlands Tax Advisors can make all the difference in navigating… Read More
As an accounting professional, one of the most critical services we provide our clients is helping them plan for a financially secure retirement. Pension planning plays a significant role in this, as it forms the backbone of retirement income for many individuals. Whether you’re advising business owners, employees, or freelancers, understanding the various aspects of…… Read More
Beat the Heat and Boost Your Savings: How Home Energy Credits Can Transform Your Home This August, the average high temperature in The Woodlands, Texas was around 94°F (34°C). Whether you’re new to the Houston area or acclimated to the summer heat, September utility bills tell the story of your home energy efficiency. Between now…… Read More
Setbacks, whether financial or otherwise, are inevitable. However, they can be a catalyst for growth and prosperity, especially when viewed through the lens of income tax planning. Understanding the Opportunity in Setbacks Loss as a Deduction: Financial setbacks often involve losses. These losses can be leveraged as tax deductions, offsetting taxable income. For instance, business…… Read More
Summer School For Parents Teaching your children about money With the school year behind us, you’re probably looking for ways to keep your kids entertained and engaged. While children enjoy their summer, this break is also a great time for them to learn a little about handling money. Teaching your children about managing money introduces…… Read More
Transitioning from Tax Returns to Tax Advisory: Strategic Tax Planning for the Future with Woodlands Tax As mid-April comes around, the frantic rush to file tax returns begins to wind down. For many individuals and businesses, this marks the end of their annual tax cycle. However, at Woodlands Tax, we believe that April is…… Read More
A Q&A with Dana Jensen At Woodlands Tax, we work hard for every client to save you money. Tax season is here, and the financial environment can be complex and confusing. We answer some common questions that can help you save money this year! 1. How do income tax brackets work? Many people think that… Read More
When tax season comes around, finding the right tax professional can make all the difference. Many people are most interested in maximizing their savings through deductions and tax credits, and the right tax preparer can help you reach that goal. The Woodlands has many good tax professionals. What factors should you consider to make an… Read More