Internal Revenue Service Announcement 2017-11 eases the requirements for loans and hardship distributions from qualified employer retirement plans for participants who have been impacted by Hurricane Harvey. A distribution to a current or former employee from a tax-qualified retirement plan … Continue reading
Following the destruction resulting from Hurricane Harvey, many employees are finding themselves in need of financial assistance. Employers can make payments to their employees to reimburse or pay for certain expenses in connection with a “qualified disaster” and these funds … Continue reading
A casualty is the damage, destruction or loss of property resulting from an identifiable event that is sudden, unexpected or unusual. Taxpayers who suffer an economic loss due to a natural disaster like Hurricane Harvey can claim a casualty loss … Continue reading
Hurricane Harvey and the ensuing flooding was a wide-scale disaster with serious economic repercussions. The Federal Emergency Management Agency (FEMA) has implemented a number of programs to help its victims get back on their feet. As your CPA, we’re available … Continue reading
September 5, 2017
The Desroches Partners group is all safe! We have had a number of employees that have had their homes flooded. We were closed last week and will be open starting today, September 5th. The week of the 5th thru the … Continue reading
April 27, 2017
On Wednesday, President Trump outlined his goals and priorities for major tax reform that could have a significant effect on all businesses and individuals. This one-page outline highlights the key features of the proposed tax reform which the administration is … Continue reading
March 9, 2017
Houston is a dynamic city fueled by outstanding companies, many of them global industry leaders. It’s not easy to stand out in a marketplace like this, but striving to stay at the vanguard is definitely worth it. Along the way, … Continue reading
January 4, 2017
The 2017 tax filing season brings changes to the due dates of many common tax returns.
December 20, 2016
In our year-end newsletter, we brief you on the tax proposals and possible tax law reform that may be coming under Trump’s presidency.
September 29, 2016
The industry publication Inside Public Accounting keeps tabs on all the movers and shakers in our business, nationwide. Each year they release a list of top accounting firms, which are rated using over 70 distinct metrics from a range of … Continue reading