Common Paycheck Deductions: Taxes, Social Security, Insurance, and Retirement Contributions
When you receive your paycheck, it’s natural to focus on the amount you’re taking home. But have you ever wondered where the rest of your money goes? Each deduction listed on your pay stub serves a specific purpose and helps support essential programs or benefits. Understanding these deductions can help you manage your finances better […]
How the “One Big Beautiful Bill” Affects Different Income Brackets
The “One Big Beautiful Bill,” a proposed tax and spending bill, is projected to have a mixed impact across income groups. While it aims to provide broad tax relief, analyses suggest that the benefits are disproportionately skewed towards higher-income households, with low-income individuals potentially experiencing minimal gains or even negative effects due to cuts in […]
The Big Beautiful Bill and Social Security – What it Really Means for You
You may have heard about the “One Big, Beautiful Bill” that was signed into law on July 4, 2025. Many people are confused about what this new law actually does for Social Security taxes. Let’s clear up the confusion and explain what this really means for you and your family. If you need professional assistance, […]
How a CPA Can Help You Navigate Major Life Changes
Life is full of big changes—some exciting, others difficult. Whether you’re getting married, going through a divorce, having a baby, starting a business, or retiring, these moments can affect your finances in many ways. That’s where a CPA (Certified Public Accountant) can help. A CPA is trained to help you understand the financial side of […]
State vs. Federal Taxes: Key Differences Every Business Owner Should Know
As a business owner in Texas or New Mexico, it’s important to understand the difference between state and federal taxes. Knowing how each one works can help you avoid trouble with the IRS and save money at the same time. At Marcus, Fairall, Bristol + CO., PLLC, a trusted accounting firm in El Paso, we […]
How to Organize Your Financial Records for Tax Season
Tax season can be a stressful time for most people. From the multiple tax forms to the dozens of questions about your income, it can be overwhelming. In this article, we will discuss how proper tax preparation can help you stay on top of things. At Marcus, Fairall, Bristol & Co., located in El Paso, […]
What’s New for This Year’s Tax Season? Updates You Need to Know
The start of a new tax season brings changes that can impact your filing process. Whether you’re filing as an individual or a business, staying informed is essential to making the most of your return. At Marcus, Fairall, Bristol + Co., PLLC, we specialize in tax preparation in El Paso and can help you navigate […]
Estate Taxes: An Overview
Estate taxes are a crucial aspect of financial planning and wealth management, yet they remain one of the most misunderstood areas of taxation. For individuals and families seeking to preserve their wealth and ensure a smooth transfer of assets to future generations, understanding estate taxes is essential. Marcus, Fairall, Bristol + Co. is El Paso’s […]
Court Halts BOI Reporting
Court halts BOI reporting; AICPA urges preparedness We are recommending that if you haven’t yet filed, and were required to before this injunction, you should make sure you have all the data necessary to file on hand, or go ahead and file, in case this injunction gets reversed and the deadline of January 1 still […]
The Role of an Accountant in Your Small Business: When to Hire Help
Are you the owner of a small business and are having trouble keeping track of your finances? Did you know that hiring an El Paso accounting firm can benefit you and your company? We will talk about why it’s worth it to hire an accountant for your small business. At Marcus, Fairall, Bristol + Co., […]