Guidance for Growth

Advisory Watch2024-06-20T13:55:38-04:00

IRS Provides Tax Relief & Deadline Extensions to 67 Texas Counties Affected by Hurricane Beryl

The IRS has announced tax relief measures for individuals and businesses in 67 Texas counties affected by Hurricane Beryl. Taxpayers in these counties now have an extended deadline until February 3, 2025, to file various federal individual and business tax returns and to make any necessary tax payments.

July 26, 2024|Categories: Tax: Individual, Tax Alert, Tax: Business|Tags: , |

What’s New in Enterprise Zones

Enterprise Zones (EZs) are a key economic development tool, offering tax and monetary incentives to businesses investing in distressed areas. These benefits typically include tax credits, property tax abatements, and sales tax exemptions, which lower the cost of doing business within the zone. Learn more about the state participation, potential benefits, and eligibility requirements.

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The content of these articles are accurate as of the date noted below each article. Always ensure you are reviewing the most recent information available. Contact your tax advisor if you need clarification.

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