True Alliance Tax

True Alliance Tax No annoying tax professional lingo. Just straight, authoritative and friendly advice. Visit us: www.truealliancetax.com
Or give us a call at: (281) 402-1217

At True Alliance Tax we strive for excellence in everything we do, and only want the best for our clients. Our attention to detail, and passion for the tasks at hand, makes for quality work on your behalf. We try to make the process as simple as possible, and take the stress out of tax time for our clients. Let us know how we can help you!

If you're living abroad, you have until June 17 to file your taxes.And, as you well know, things can be slower in gettin...
05/31/2024

If you're living abroad, you have until June 17 to file your taxes.

And, as you well know, things can be slower in getting done when you're outside the U.S. So, if you haven't finalized things yet, the clock is ticking...

05/30/2024

⏩ What’s ahead for your business financially?
🤔 What do you need to consider to forge the path to your dream becoming reality?
🤷🏽 Do you know?

Most small business owners wear a million hats, and finance often gets relegated to late nights and a whole lot of Googling.

This is a good reason to have a year-round accountant for your small business.

05/29/2024

Top ways you've maintained a healthy financial life... GO.

💡 Did you know only 32% of Americans have a will? 💡Estate planning might seem far off, but it's important for everyone t...
05/28/2024

💡 Did you know only 32% of Americans have a will? 💡

Estate planning might seem far off, but it's important for everyone to make a plan for their wealth and their debt, not just retirees. This especially matters when it comes to taxes and how this will affect those who inherit your estate.

A whopping 41% of young adults (18-34) and 34% of those between 35-54 haven't even discussed it with anyone. Surprisingly, 77% of pet owners have their pets included in their plans! Maybe they're onto something...

Don't wait - Make a plan to start discussing it today.

Today we honor the memory of those who have paid the ultimate price so that you and I could remain free under this banne...
05/27/2024

Today we honor the memory of those who have paid the ultimate price so that you and I could remain free under this banner.

05/24/2024

Are noncompetes a legitimate way to protect your company secrets?
Or are they just a way to keep good talent hostage?

There are obviously differing opinions regarding the FTC's recent ban on noncompete agreements.
Let's see both sides:

✚ Arguments For ✚
👍🏻 Noncompetes can help you protect your confidential company information, like customer lists or trade secrets, from falling into the wrong hands.

👍🏻 Imagine a salesperson jumping ship to a competitor and taking your entire client base with them – that's a nightmare noncompetes can potentially prevent.

➖ Arguments Against ➖
👎🏻 Studies by the Federal Reserve Bank of Minneapolis show that enforcing noncompete agreements can be a hassle, with over half of surveyed employers admitting they rarely follow through with lawsuits.

👎🏻 Other studies show that noncompetes can restrict job mobility, reduce wages, and discourage the startup of new firms.

Where do you stand on noncompetes? Will the recent FTC ruling affect your business in negative ways?

Recognizing you need help to make good decisions with your life when you have limited perspective is a no-brainer. That ...
05/23/2024

Recognizing you need help to make good decisions with your life when you have limited perspective is a no-brainer. That should also include how you approach your taxes.

It's easy to make the wrong decision with your taxes... or no decision at all. Both will most likely position you to pay more than you need to. And you miss out on opportunities to keep more of your income in your pocket. A travesty in an inflationary environment.

But there are some proactive decisions you can make right now with your taxes to keep more money in your pocket. It just takes a little guidance from someone who knows what they’re doing.

We can help show you the way to tax savings.

05/22/2024

Noncompetes have been a hot topic lately, as the Federal Trade Commission (FTC) outlawed them for most workers in April 2024. And the US Chamber of Commerce filed suit claiming an overreach of authority.

While you wait for the outcome of this lawsuit and are unable to use noncompetes for most workers going forward, here are two other ways to help you protect your business interests:

✴ Strong Non-Disclosure Agreements (NDAs): These legally binding contracts prevent employees from divulging confidential information, even after they leave.

✴ Focus on Building Loyalty: Invest in your employees' growth and development. When they feel valued, they're less likely to jump ship.

05/20/2024

The IRS's take on cryptocurrency has changed frequently, but right now crypto is considered property for tax purposes (and subject to gain and loss reporting requirements on a tax return).

They've been getting steadily stricter about reporting crypto transactions. It’s a fair bet they’ll be even more so in years to come.

Make sure you know your obligations and plan for them.
And if you have any questions, drop them in the comments below and we'll do our best to answer them.

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935 Eldridge Road
Sugar Land, TX
77478

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