Category Archives: Blog

THAT TIME OF YEAR – PART III

tax withholding AMT

If you have ever heard of the Alternative Minimum Tax (AMT), you know it has been a major issue for decades.  Many taxpayers found themselves paying a substantial alternative minimum tax, despite legitimate deductions that would ordinarily subject them to … Read More

THAT TIME OF YEAR – PART II

Tax tips TCJA AMT

When it was almost “That Time of Year” in December of 2017, my partner Rebecca McElroy posted a blog immediately after Congress passed the Tax Cuts and Jobs Act (“TCJA”). Her blog (linked below) had charts illustrating the tax rates … Read More

THAT TIME OF YEAR

tax withholding AMT

With the end of January, “that time of year” can mean many things to each of us. Those “New Year Resolutions” are hopefully still in operation. Houston’s swing in temperatures leads to head colds. The federal government still remains partially … Read More

Ugly December Market Performance May Give Way to Upside

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If history is any guide, it’s possible that longer-term performance may improve.  We certainly hope so.  While the markets have bounced back with a big upward move over the last 2 days, results through the Christmas Eve were as bad … Read More

Charitable Giving to Your Alma Mater

Illustration of an American football ball big game set inside shield crest with stars and stripes and the word Houston done in retro style.The Tax Cuts and Jobs Act disallowed deductions for charitable contributions to a college or university in exchange for the right to purchase tickets or seating at an athletic event. Fortunately for their supporters, many Universities now offer a workaround through a point system as compensation for charitable contributions.

12 Tax Tips For a Prosperous New Year

Tax tips TCJA AMT

Whether it’s Hanukkah, Kwanzaa or the twelve days of Christmas, December is a month of family planning and celebration. Be sure to take a few minutes for tax planning and preparation, so you and your family can enjoy a happy … Read More

Gym Membership Tax Deduction Possibility

gym membership tax deduction

We all know how important exercise and physical fitness are for good health. Wouldn’t it be great if we could include sports and fitness in our deductible healthcare expenses? Well, that may happen if a Congressional committee has its way. … Read More

Corp Battle: C or S under Tax Reform

C corporation

Americans are still scrambling to learn the new rules and regulations under Tax Cuts and Jobs Acts. Likewise, tax and financial planners are looking for new ways to help their clients achieve financial success. One of the new ways is … Read More

LeBron James Should Have Come to Houston

Jock tax state income tax

By joining the enormously talented Rockets, LeBron James could have seen a string of NBA championships. But, there’s another major reason that captivates the financial minds here at MTA. After taxes, he’d also have more money!

In case you missed … Read More

Sales Tax and Online Marketing

sales tax

Recently, there has been a lot of attention dedicated to online businesses’ responsibility for sales tax. There are questions about how the current situation affects small local businesses, emerging online businesses, and state and local government revenues. As is usually … Read More