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.


Many businesses provide education fringe benefits so their employees can improve their skills and gain knowledge. An employee can receive, on a tax-free basis, up to $5,250 each year from an employer for education under a “qualified educational assistance program.” Learn more about setting up an education assistance or student loan repayment plan for your team.


Are you wondering whether alternative energy technologies can help you manage energy costs in your business? If so, there’s a valuable federal income tax benefit (the business energy credit) that applies to the acquisition of many types of alternative energy property.

If your company is planning to merge with or buy another business you should address the post-closing financial reporting requirements for the transaction. Here’s guidance on how to correctly account for M&A transactions under U.S. GAAP.

During the pandemic, many employees have postponed using their allotted paid time off until COVID-related restrictions are lifted and safety concerns subside. Here’s some guidance to help evaluate whether your company is required to report a liability for so-called “compensated absences” and, if so, how to estimate the proper amount.

Small business owners are sometimes reluctant to set up retirement plans because of the administrative burdens. Here are two options to consider that have less stringent requirements than traditional qualified retirement plans.


What could President Biden’s tax proposals mean for you? Here’s a brief overview of the proposed American Families Plan.


When you sell your home, you’ll pay tax (or avoid it) based on the “basis” of the property. Here’s how to determine yours.

Many small entities suffered major losses during the pandemic. Here’s welcome relief from the FASB for private companies and not-for-profit entities that report goodwill on their balance sheets.


Maxwell Locke & Ritter, the largest locally owned accounting firm in Central Texas, is pleased to announce Vince Treviño has joined the firm as a partner. Vince will be responsible for leading strategic growth initiatives to strengthen the firm’s market position while driving client engagement opportunities.

You’ve probably heard about the new law that provides direct payments to eligible individuals. But what does the law provide to businesses?

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