Woodlands Tax

Woodlands Tax The Woodland’s premier tax preparation firm. Woodlands Tax serves families and small businesses in The Woodlands, Texas. Give us a call to Meet Your Tax Advisor.

We offer tax accounting services, strategic tax planning, business tax services, estate tax planning, and IRS representation. We serve The Woodland's community with exceptional tax-related services. Our advisors can help maximize credits and deductions while preparing Individual, Partnership, Corporate and Non-Profit returns. We also handle most estate and trust-related tax matters. Our tax accoun

ting and planning will help you minimize your future tax burden based on your specific situation(s). We will also represent you to the IRS and facilitate resolutions when necessary. You can rest assured your tax concerns are in good hands.

08/27/2026

Your paycheck could be leaving money on the table. 💸
Tax laws change, and your W-4 should change with them. A quick review could help you keep more of what you earn.

Make sure your withholding is working for you. 📲
🔗 Book your review: woodlandstaxadvisors.com/contact/

08/20/2026

On extension? Don’t wait until the last minute. ⏳
October 15 is your final chance to review missed opportunities and make sure your tax strategy is aligned with your goals.

Complex taxes need a clear plan. 📲
🔗 Book your review: woodlandstaxadvisors.com/contact/

Seasonal Employers - Did You Know?Summer is a peak time for many businesses to hire seasonal employees. In general, the ...
08/20/2026

Seasonal Employers - Did You Know?

Summer is a peak time for many businesses to hire seasonal employees. In general, the same federal tax rules apply to these workers as to permanent staff. Employers typically must withhold federal income tax and F**A (Social Security and Medicare) taxes and pay the employer share of F**A. Employers subject to FUTA must also pay federal unemployment tax on taxable wages.

Seasonal employers often must file Form 941 (Employer's Quarterly Federal Tax Return) for quarters in which they pay wages. However, they generally do not need to file for quarters in which they paid no wages and have no employment tax liability. If this applies, check the "Seasonal Employer" box on every Form 941 you file.

Employment taxes generally must be deposited monthly or semiweekly, based on the applicable lookback period. FUTA follows separate deposit rules and generally must be deposited when accumulated FUTA tax exceeds $500 for a quarter. Federal tax deposits must be made electronically, including through EFTPS.

Expense Deduction Rules for Personal Property Used for Business – Did You Know?Many self-employed people may qualify to ...
08/14/2026

Expense Deduction Rules for Personal Property Used for Business – Did You Know?

Many self-employed people may qualify to reduce their taxable income by deducting business expenses. In general, you must allocate expenses related to mixed-use property based on your "percentage of business use." But how is this percentage calculated?

For many types of equipment, your business use percentage may be based on a reasonable measure such as time or output. For example, if you use your computer for 30 hours a week in your freelance work and 20 hours a week for personal purposes (total of 50 hours), then your business use percentage would generally be 30/50 = 60%. Meanwhile, if you have a printer and print 400 pages for business reasons and 100 pages for personal reasons (500 pages total), then your business use percentage would typically be 400/500 = 80%. Therefore, you could generally allocate 80% of shared costs like ink and paper to business use.

On the other hand, business percentages for vehicles should be based on mileage, not time. So if you drive your car 4,500 miles this year in the course of your self-employment work, and 10,500 miles for all other purposes (total of 15,000 miles), then your business use percentage would be 4,500/15,000 = 30%. Alternatively, if eligible, you may choose to use the standard mileage rate and calculate your vehicle deduction based on your qualifying business miles instead of deducting your share of actual vehicle expenses. Be sure to keep records that support your business use percentage, such as mileage logs, usage records, or other documentation showing how the property was used for business and personal purposes.

08/13/2026

Think your tax return is final? Maybe not. 📄
New tax rules can mean missed opportunities. A review could uncover deductions or credits you didn’t know you qualified for.

Don’t leave money behind. 📲
🔗 Book your review: woodlandstaxadvisors.com/contact/

08/06/2026

Your business structure matters. 💼
The right setup can help you keep more of what you earn and create a stronger path for growth.

Is your business set up for success? 📲
🔗 Book a review: woodlandstaxadvisors.com/contact/

New IRS Automatic Exemption from Penalty ProgramBeginning in summer 2026, the IRS is implementing a new system that will...
08/04/2026

New IRS Automatic Exemption from Penalty Program

Beginning in summer 2026, the IRS is implementing a new system that will waive certain failure-to-file, failure-to-pay and failure-to-deposit penalties for eligible taxpayers with a strong compliance history. To qualify for the Automatic Exemption from Penalty (AEP) program, a taxpayer generally must have met all filing and payment deadlines for the previous three years, or 12 consecutive quarters for quarterly filers.

Unlike First Time Abate, eligible taxpayers will not need to request AEP relief. The IRS will apply it automatically and send a notice. For eligible returns due on or after January 1, 2027, AEP will replace First Time Abate, although reasonable-cause relief will remain available.

Not all IRS penalties qualify for automatic relief. For example, information-return penalties and accuracy-related penalties generally will not qualify. AEP applies only to eligible penalties, not to the underlying tax or interest due.

Charitable Cash Donation DeductionsHistorically, only people who itemized deductions on their tax returns could deduct c...
07/30/2026

Charitable Cash Donation Deductions

Historically, only people who itemized deductions on their tax returns could deduct contributions to charities. However, beginning this year, taxpayers may now qualify to deduct up to $1,000 in cash donations (up to $2,000 for joint filers), regardless of whether they itemize or use a standard deduction.

Only contributions to qualified, tax-exempt charitable organizations (not individuals) are deductible. You can check the official IRS list of tax-exempt charities (link below) to verify an organization's eligibility to receive tax-deductible donations. For monetary contributions, save bank records, canceled checks and/or receipts showing each organization's name, along with the date and amount of each donation. The IRS requires a written acknowledgement from the charity for each individual contribution of $250 or more, showing both the donation amount and the value of anything you receive in return (such as tee shirts, totes, etc.).

You still need to itemize in order to deduct contributions of property, and must have detailed records showing how you determined reasonable dollar values for the donations. For valuable items like collectibles or artwork, you may need a professional appraisal.

Tax Exempt Organization Search: https://www.irs.gov/charities-non-profits/search-for-tax-exempt-organizations

07/30/2026

Side hustle income? 💻💸
Self-employment tax applies to every dollar, and missing it could trigger penalties.
Good news: new deductions make it easier to lower your bill.

Play smart and stay compliant. 📲
🔗 Get your Side Hustle Survival Guide: http://woodlandstaxadvisors.com/contact/

Form 1099-K - Did You Know?If you receive a Form 1099-K, review it for payments that may not be taxable, such as reimbur...
07/24/2026

Form 1099-K - Did You Know?

If you receive a Form 1099-K, review it for payments that may not be taxable, such as reimbursements from friends or family. If these payments were mistakenly included, ask the payment processor to issue a corrected form. Keep in mind that some transactions involving personal items may still have tax consequences, particularly if you sold an item for more than you paid for it.

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21 Waterway Avenue, Ste 300
The Woodlands, TX
77380

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