As a full-service accounting firm serving clients throughout West Texas, Bennett, Bennett & Trice is dedicated to keeping local businesses informed about significant changes in labor laws. The Department of…
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Tax season is rarely met with smiles, but this year, it brings a particularly stern warning: the Internal Revenue Service (IRS) has increased its interest rate on estimated tax underpayments…
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In 2024, the Internal Revenue Service (IRS) is adjusting tax brackets and the standard deduction by 5.4% due to inflation, creating unique tax planning opportunities. These changes, aimed at offsetting…
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At Bennett, Bennett & Trice, we know that accounting is one of the most important aspects of running a business. But as your company grows, you may find that your…
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At Bennett, Bennett & Trice, we understand that taxes can be a complex and daunting task for small businesses. That's why we've put together this list of 8 tips to…
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The accounting field has come a long way since the days of manual ledger books and paper-based systems. With modern software, businesses can now save time and money with their…
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To call the U.S. tax code “complicated” would be an understatement. The IRS maintains and regularly updates a dense and outright mystifying set of rules and regulations. Keeping up with…
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As the end of 2022 approaches, it's time to assess your wealth plan and ensure you're taking advantage of all available tax benefits. With potential changes in legislation and uncertain…
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President Biden has proposed a significant set of laws meant to improve many Americans' lives. However, the provisions may be especially beneficial for red states, including here in Texas, where…
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As the tax landscape is changing under the Biden administration, we wanted to reach out with a tax planning strategy to help preserve your estate for your heirs. Any and all…
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