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., […]
What to Do If You Make a Mistake on Your Tax Return
Doing your taxes can be stressful and sometimes confusing. Though mistakes can happen, it’s important to fix any errors as soon as possible on your tax return. In this article, we will explain what you can do if you make a mistake on your return(s). At Marcus, Fairall, Bristol + Co., located in El Paso, […]
Understanding Different Types of Accounting Services and What They Mean for You
Are you looking into an accounting service but unsure which would work best for you? Did you know there are a few different services an accounting firm can offer you? Here, we will discuss the different kinds of accounting services and what they do. At Marcus, Fairall, Bristol + Co., located in El Paso, TX, […]
How CPAs Can Help Navigate Tax Law Changes
Navigating tax law changes can be a daunting task for individuals and businesses alike. Certified Public Accountants (CPAs) play a crucial role in helping taxpayers understand and adapt to these changes, ensuring compliance, and optimizing tax outcomes. As tax laws change, Marcus, Fairall, Bristol + Co., PLLC is here for all of your tax planning […]
Failure to Pay Employment Taxes: What This Means
Paying employment taxes is a critical responsibility for all employers. Failure to meet this obligation can result in severe legal and financial consequences, impacting the business and its responsible parties. Fortunately, our El Paso CPAs at Marcus, Fairall, Bristol + Co., PLLC are here to help you understand what failure to pay taxes means and […]
IRS Tells Thousands of Taxpayers They May Face Jail Time
The IRS has recently issued warnings to thousands of taxpayers, indicating they could face jail time for filing false tax returns. This crackdown is a response to widespread fraudulent claims related to specific tax credits, such as the Fuel Tax Credit, the Sick and Family Leave Credit, and household employment taxes. If you’re concerned about […]
The Benefits of Outsourcing Accounting Services for Small Businesses
Feeling overwhelmed with all those numbers and taxes? Running a small business is tough, especially when you’re juggling everything alone. There’s a smart solution: outsourcing your accounting. When it’s time to team up with pros, look no further than Marcus, Fairall, Bristol + Co, PLLC. We’re a group of certified public accountants (CPAs) right here […]
Beneficial Ownership Reporting
As of January 1st, 2024, businesses in the United States are required to report standard information about the individual(s) who own or control them. In an attempt to curb illicit finance, meaning the illegal movement of money across borders, the Department of Treasury is enacting new measures to protect the economic security of our country. […]