Timothy A. Phillips, CPA, PC Sheds Light on Some of the Highest State Sales Tax Rates

No, the IRS is not shutting down their operations — there is still (and probably ever will be) a federal income tax. But states are a different story… This being travel season, and the season during which some of our clients turn their eyes towards making a move, I thought I’d give you some info on how state and local … Read More

Timothy PhillipsTimothy A. Phillips, CPA, PC Sheds Light on Some of the Highest State Sales Tax Rates

New Ideas For Dallas/Fort Worth Students To Pay For College

I recently wrote about the cost of raising children, but there was one glaring omission: college. But imagine if you had sent your son to Morehouse College. Here’s what happened there this month… On Sunday, May 19th, investor and philanthropist, Robert F. Smith, shocked 400 graduating students from all-male Morehouse College when, in his commencement speech, he announced he would … Read More

Timothy PhillipsNew Ideas For Dallas/Fort Worth Students To Pay For College

Making Children Less Costly For Dallas/Fort Worth Families With Kids Through The Child Tax Credit

To be clear, children are costly in the best way possible. Once the dust settles from changing diapers, sweeping floors, slapping bandaids on booboos, driving to sports practice, attending back-to-school meetings, saving for college, and buying countless goldfish crackers … you realize children are a lot of work. They’re also monetarily costly. Depending on your income, you could be spending … Read More

Timothy PhillipsMaking Children Less Costly For Dallas/Fort Worth Families With Kids Through The Child Tax Credit

Timothy Phillips’ Three Building Blocks To Healthy Personal Finances

It’s understandable if things might feel a little bit … shaky right now for you. If you pay attention to the media, you are seeing trade wars with China, uncertain stock markets, apocalyptic elections rumbling in the future, even the Apple juggernaut is seeing its empire show signs of trouble. All of these, by the way, are good reasons to … Read More

Timothy PhillipsTimothy Phillips’ Three Building Blocks To Healthy Personal Finances

College Is Expensive But Dallas/Fort Worth Families Can Save Big Through These Tax Breaks

What, you think I’m on vacation? Yes, the tax deadline has passed. But we’re still available, and handling post-deadline matters for Dallas/Fort Worth clients. But moving along to today’s subject: figuring out how to pay for college tuition. Things are different from the days when I considered college… I’m talking to Dallas/Fort Worth parents left and right who are scrambling … Read More

Timothy PhillipsCollege Is Expensive But Dallas/Fort Worth Families Can Save Big Through These Tax Breaks

Where Do Our Tax Dollars Go? Timothy Phillips Breaks It Down

Before I get to your tax dollars, and where they went, I have a couple thoughts for you. We’re still settling down from the flurry of last week and the passing of the April 15th deadline. There were MANY more procrastinators this year than in years past, in my opinion because of so much confusion in the marketplace. In fact, … Read More

Timothy PhillipsWhere Do Our Tax Dollars Go? Timothy Phillips Breaks It Down

A Thank You To Our Dallas/Fort Worth Clients For A Successful 2019 Tax Season

This has been one of the wildest tax seasons in recent memory. I saw a note from the IRS last Friday (the 12th) that as of that day, 50 million taxpayers had yet to file. LOTS of extensions happened out there, as all of the tax law changes caused a bunch of confusion. It’s our hope that our Dallas/Fort Worth … Read More

Timothy PhillipsA Thank You To Our Dallas/Fort Worth Clients For A Successful 2019 Tax Season

2018 Tax Extensions and Payment Options for Dallas/Fort Worth Taxpayers

Yep. This is the final week, and the personal filing deadline (April 15th) is *so* close. It’s officially the final week of tax season — and we are working our tails off for you and our other Dallas/Fort Worth clients. But I’m still taking the time to step away for a moment and write to you, my friend. And if … Read More

Timothy Phillips2018 Tax Extensions and Payment Options for Dallas/Fort Worth Taxpayers

An Under-Utilized Tax Break For Dallas/Fort Worth Taxpayers: Summer Day Camp

Okay, that’s a joke. We’re so busy with our client work, we can’t really enjoy the college basketball or the new baseball season, but at least we still have April Fools. And yes, I know that day has already passed. More coffee please. But speaking of things getting past us — are YOU procrastinating with your taxes? If so, you’re … Read More

Timothy PhillipsAn Under-Utilized Tax Break For Dallas/Fort Worth Taxpayers: Summer Day Camp

Timothy Phillips’ Under-Utilized Pet Tax Deductions

Apparently, there are some politics things happening these days. But even more apparently, the tax deadline is three weeks away. Politics? As the young people say, ain’t nobody got time for that. But you know what we DO have time for? Saving you a boatload on your taxes, and finding creative ways to do that, even if you don’t think … Read More

Timothy PhillipsTimothy Phillips’ Under-Utilized Pet Tax Deductions