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Monday 9am - 3pm 5pm - 7pm Tuesday 9am - 3pm 5pm - 7pm Wednesday 9am - 3pm 5pm - 7pm Thursday 9am - 3pm 5pm - 7pm Friday 9am - 3pm 5pm - 7pm

Prospera Financial Architects

Home
United States
Houston, TX
Prospera Financial Architects

Providing:
-TAX STRATEGIZING
-ACCOUNTING
-BOOKKEEPING

Helping business owners increase their wealth by leveraging the tax laws in order to keep more money in their pocket, grow their reirement, build a legacy and achieve financial freedom.

07/16/2026

In the event of divorce, part or all of a married couple’s business will often be considered divisible marital property. If you’re in this situation, you likely can divide your business ownership interests without triggering federal income or gift taxes. The spouse receiving the interests assumes the existing tax basis (to determine future gain or loss) and holding period. Tax-free treatment generally applies to transfers made before, during or up to a year after the divorce. Transfer recipients will owe taxes on any gain if they later sell the ownership interests. Call us at (713) 810-2300 for more information on the tax implications of divorce.

07/15/2026

Accurate bookkeeping and timely accounting records provide the foundation for informed decisions throughout the year. When your books are current and reliable, it’s easier to manage cash flow, identify operational issues and jump on growth opportunities. Contact us at (713) 810-2300 for help streamlining your financial reporting processes and reducing year-end surprises.

07/14/2026

College student-athletes can now be legally paid for the use of their “name, image and likeness” (NIL) without risking NCAA eligibility. But if you support an athlete through NIL contributions, know that payments made directly to student-athletes aren’t tax-deductible. Contributions to organizations commonly called “collectives” may be deductible, but be sure to clear three key hurdles: 1) Itemize deductions on your return, 2) give only to a collective that’s a tax-exempt charity, and 3) don’t earmark payments for specific athletes or make them in exchange for substantial benefits, such as season tickets. Contact us at (713) 810-2300 to learn more.

07/13/2026

You’ll probably owe tax on your retirement income — how much depends on factors such as the types of retirement accounts you own and your other income sources. In general, retirees should withdraw funds from any taxable accounts first, tax-deferred accounts second and tax-free accounts last. But different withdrawal strategies may benefit you. The important thing is to start planning before you retire. Call us at (713) 810-2300 for help.

07/09/2026

The IRS has expanded its Business Tax Account (BTA), making the self-service platform available to partnerships; tax-exempt organizations; federal, state and local governments; and Indian tribal governments. The BTA is a centralized platform that allows eligible users to manage their federal tax responsibilities online. Among other things, BTA users can view tax balances, make payments and see payment history, access eligible payroll and income transcripts, if eligible, and download select digital notices. The newly eligible entities join sole proprietors, S corporations and C corporations that are already able to access the platform. Call us at (713) 810-2300 to discuss your business’s tax obligations.

07/08/2026

Tax planning requires more than preparing returns at filing time. We work with individuals and businesses throughout the year to identify tax-saving opportunities, address compliance requirements and respond to changing tax laws. Call us at (713) 810-2300 to schedule an appointment to discuss your tax needs.

07/07/2026

Does your child have a paid internship? Don’t let him or her forget about taxes. Many interns are surprised to learn that internship stipends or other related payments are generally taxable, even if the program offers training or educational opportunities. Depending on the arrangement, payments may be reported on Form W‑2 or Form 1099. Even if no tax form is issued to your child, the income may still be taxable. If taxes aren’t withheld from internship pay, estimated tax payments might be necessary to avoid surprises when it’s time to file a tax return. If you have questions, we can help. Contact us at (713) 810-2300.

07/06/2026

If your estate might exceed the federal estate tax exemption ($15 million for 2026), you’re probably concerned about future estate tax liability. A spousal lifetime access trust (SLAT) may help. A SLAT can allow you to remove wealth from your estate tax-free while providing a safety net if your needs change in the future. Essentially, a SLAT is an irrevocable trust you establish for the benefit of your spouse plus your children or other relatives. Your spouse is granted limited access to the trust’s funds during his or her lifetime, giving you indirect access. Call us at (713) 810-2300 to discuss whether a SLAT makes sense for you.

07/02/2026

In general, companies can deduct rent as a business expense on their federal tax return. However, several rules limit this tax break. For example, payments made under a conditional sales contract aren’t deductible as rent. And you can’t deduct “unreasonable” rent. This means it’s higher than market value, such as inflated rent paid to a “related person.” If you pay in advance, you can only deduct rent that applies to your use of the property during the tax year. (You’ll be able to deduct the rest in the year to which the payment applies.) On the other hand, you can usually deduct expenses you’ve paid to cancel a business lease. For help identifying deductible expenses, contact us at (713) 810-2300.

07/01/2026

The stepped-up basis rules can reduce capital gains tax for family members who inherit your assets. Under these rules, when your loved one inherits an asset, its tax basis is “stepped up” to its fair market value at the time of your death. If the heir later sells the asset, he or she will owe capital gains tax only on any appreciation after your date of death, rather than on the entire gain since you acquired it. Investment accounts, business interests, real estate and personal property are among the assets affected by the stepped-up basis rules. Call us at (713) 810-2300 for details.

Address

Houston, TX

Opening Hours

Monday	9am - 3pm
	5pm - 7pm
Tuesday	9am - 3pm
	5pm - 7pm
Wednesday	9am - 3pm
	5pm - 7pm
Thursday	9am - 3pm
	5pm - 7pm
Friday	9am - 3pm
	5pm - 7pm

Telephone

+18329686673

Website

http://www.prosperafirm.com/

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