The Blog

Some of our Dallas/Fort Worth clients are STILL pulling their paperwork — which is understandable during this donkey of a year, and with all of the new complications. But sadly, ye olde IRS isn’t extending any payment grace in a couple weeks. (I say “sadly”, but here at Team Phillips we may or may not be champing at the bit … Read More

We’ve had impeachment votes, worldwide pandemics, quarantine-like lockdowns (for the healthy), public police brutality, widespread protests, intense riots, MURDER HORNETS, statues falling, social media anger and now we have a drunken and murderous monkey to top off our 2020. What’s worse —  the year isn’t even halfway over yet. And there are plenty of other things that we could have … Read More

With national events continuing as they are, here at Timothy A. Phillips, CPA, PC, we’re finding ourselves locking into “go mode” … again. It’s unusual for us to be in this mode smack in the middle of June, but this year has not been … usual. This is because the tax deadline (July 15th, 2020) is barrelling at us. Many … Read More

Based on the history of events over the course of the last few decades (both here in Dallas/Fort Worth and beyond), you might have thought that world events would have slowed down in the last week — that there could begin to be some sense of normality. But no. This isn’t a normal time in our nation. It’s not a … Read More

Here we are, just out of perhaps the oddest Memorial Day weekend in memory. The summer is here! But it feels like much of our country is still mired in winter. And that feels like it is still the case, no matter the hints of progress against this virus, and no matter the steps taken towards reopening you might be … Read More

I’ve written a fair amount over the past few weeks about all of the specific provisions in the CARES Act, related to economic stimulus checks, various tax savings strategies, financial implications, and then some. And I will continue to be covering these topics in the weeks ahead. But today I want to address you around this particular social moment we’re … Read More

It feels to me that we’re all in need of some good news. I have some great news for the young (ish) and the old (ish), but before I get there, I’d like to encourage EVERY person who is reading this: Keep your head in the game. Yes — we can so easily get caught up in seemingly-nefarious schemes on … Read More

Now, more than ever, it’s important to keep your mind clear. With so many of us spending more time than ever online and on our devices, there are even more opportunities for falling — no, DIVING — into rabbit holes of distraction and unproductive emotion. Yes, I’m a local Dallas/Fort Worth tax professional. We’re not known for our deep emotions. … Read More

Anytime (like now) that there is a rollout of government assistance, we, here in Dallas/Fort Worth, can count on two things: 1)    Bumps in the road (it’s hard to manage many millions of people needing help) 2)    SCAMS I haven’t yet heard of any of my local Dallas/Fort Worth clients or friends being taken in by COVID scams, but I … Read More