Category: Blog

Tax and Financial Planning for Multi-Generational Caretaking for Allen, TX Families

Say it with me: four more weeks. Four more weeks until this crazy election cycle is behind us and we can all return to normal here in Allen, TX. Except, well, if it isn’t. With the way that 2020 has been going, we might as well emotionally prepare for that eventuality and uncertain election results. […]

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Trump’s Tax Returns Are Not The Real Story by Paula Field

Like many things political, one of the best ways to look at the tempest of the day is analytical bemusement. This is (always) especially true when it comes to tax issues. And I might have a take today that could surprise you. I am not interested in getting into political matters here (though this issue […]

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Time To Dream With Your Friendly Allen, TX Tax Professional

With the passing of Justice Ginsburg 45 days before the election, we have officially entered the political crazy season. This — on top of so much conflict surrounding public health measures. It is also in addition to all of the conversation around racial pain, the difficult issues surrounding so many protests and urban riots. And […]

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What Allen, TX Landlords And Tenants Should Know About The CDC Eviction Stay

Floating under the radar during so much NOISE the past couple weeks … the CDC announced a halt to evictions for renters, and that starts THIS WEEK. I have some guidance today for you about what that means (and what it doesn’t), but a couple other things first, before we get there. First, can we […]

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Labor Tax Updates By Paula Field

Everything about this year since March has just felt a little … off. And I mean aside from all of the cultural and political turmoil we’re living through. The seasonality of everything feels different too. Pro sports are out of sync, “back to school” season surely doesn’t feel normal (at least for most of my […]

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How Allen, TX Taxpayers Can Lower Their 2020 Tax Bill

Finally, the IRS issued guidance on Friday evening about payroll tax deferrals. And, as we’ve been communicating … this may not be a very helpful program for most Allen, TX taxpayers. In fact, it’s actually up to employers (not employees) whether or not to withhold Social Security payroll taxes from their employees’ paychecks from September […]

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Controlling Your Tax And Financial Strategy In The Midst Of Chaos By Paula Field

Still no guidance from the IRS about the payroll tax “holiday” (deferral), so it’s extremely unlikely that your Allen, TX employer will be ready — simply because the major payroll companies (Paychex, ADP, Gusto, and many others) don’t have the answers to many questions. Implementing these kinds of “optional” changes is hard. For example, payroll […]

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How To Ensure Allen, TX Families Are Prepared For Chaos

Summer is nearing an end, but this has been no ordinary summer. Everywhere, parents are scrambling in the most unusual “back to school” season in memory. Fall sports are in limbo, and others (MLB, NHL, NBA) are operating in a weird Twilight Zone mode. Urban centers are shells of themselves, violence is rising, and this […]

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Truth and Fiction About the Trump Payroll Tax Cuts For Allen, TX Taxpayers

Right now we’re living through an age in which media trust has been thoroughly decimated. “Expert” authority itself is being questioned (in many cases, rightly), and misinformation is rampant. That’s perhaps one of the reasons I’ve received so many visits to this website over the past six months from Allen, TX taxpayers. Not that I’m […]

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Now Is The Time For An Estate Plan For Allen, TX Taxpayers

Right now, it’s almost impossible to escape the conflict, the noise, and the shaming over various cultural decisions we’re having to make. Lockdowns, schooling, more economic stimulus, elections, vaccines — it’s all enough to drive you crazy if you pay close attention. And here at Paula Field, CPA, PLLC, because we get to serve Allen, […]

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