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Resources

Accounting, Tax & Finance Articles

Welcome to our Resources section, where you will find articles on accounting, tax, and finance for businesses and individuals, as well as resources to aid in business financial planning across a variety of industries we serve. Please contact us for personalized advice in accounting and finance. Maxwell Locke & Ritter is here to offer trusted guidance.

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Do you have significant investment-related expenses, including the cost of subscriptions to financial services, home office expenses and clerical costs? Under current tax law, these expenses aren’t deductible through 2025 if they’re considered investment expenses for the production of income. But they’re deductible if they’re considered trade or business expenses.

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The rules for deducting personal casualty losses on a tax return have changed through 2025, but you may still be able to claim a deduction if an event qualifies as a federally declared disaster.

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The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. Here’s a rundown of the rules.

The IRS has released new guidance for employers claiming the Employee Retention Credit in the third and fourth quarters of 2021.

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Timing counts in financial reporting. Here’s an overview of the rules that apply to revenue and expense recognition under U.S. Generally Accepted Accounting Principles (GAAP).

If you received a PPP loan, important forgiveness deadlines are approaching. Let’s walk through what you need to know in this article.

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Your ability to deduct student loan interest payments may be influenced by your adjusted gross income, filing status, and whether or not you can be claimed as a dependent on another tax return.

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In general, an IRA contribution is allowed only if a taxpayer earns compensation. However, did you know that eligible married couples can contribute up to $6,000 to an IRA annually for a nonworking spouse?

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Are you financially planning for future college expenses? Learn what options may be available to maximize savings.

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Maxwell Locke & RItter is a proud sponsor of the 28th annual Fast 50 Awards, brought to you by the Austin Business Journal. If your company can show net revenue growth during the last three years (even if one wasn’t as successful as the other two) the Austin Business Journal would like to honor you.

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