News & Insights

Texas IRS Deadline Relief: Don’t Count Your Chickens Just Yet

The good news is that the winter storm that engulfed the State of Texas is behind us, and the sun is shining. The Internal Revenue Service is providing relief to the state's taxpayers in the form of deadline extensions because the Federal Emergency Management Agency (FEMA) declared the entire state a disaster. Texans now have until June 15, 2021, to file various individual and business tax returns and make tax payments to the IRS. Taxpayers in other states impacted by these winter storms that receive similar FEMA disaster declarations will automatically receive the same filing and payment relief. The current list…

Dallas/Austin Power & Service Outage

I hope everyone is staying safe in this unprecedented cold weather. Our Dallas and Austin offices are experiencing power and service outages. Many of our systems are cloud-based but the offices losing power affects some critical service elements. However, we have reminded our staff members on how to minimize the disruption best. I am very concerned that many of our team members are without power or internet connectivity. Our first concern is making sure they are safe. Stay in place and warm, and we appreciate your understanding during this weather emergency.

Welcome Austin Market Leader George Stephens

George Stephens, CPA has joined BKM Sowan Horan in leading the firm’s Austin office. George brings with him more than 20 years of accounting experience with a strong focus in Logistics and Transportation, Manufacturing and Distribution, as well as Hospitality and Professional Services. After starting his public accounting career where he became a partner with an international accounting firm, George moved into senior finance roles with public and private companies. With almost 20 years in CFO roles, he has extensive experience with private equity held companies, mergers and acquisitions, debt restructurings, and quality of earnings engagements. George has deep expertise…

2020 Year End Tax Planning Moves

              Before 2020 wraps up, a few tax planning moves are worth considering for Individuals and Businesses, which we outline below. Also, be sure to join us for next week's Tax webinar. Tim Horan is moderating as panelists will cover tax law changes occurring over the last few months and review other critical year-end update items. Topics will include individuals, estates and trusts, business tax developments, the CARES Act, and potential tax changes resulting from the recent election.  Click here to register and submit your questions. Individuals: Harvesting Capital Losses to Offset Capital Gains OR Harvesting Capital Gains…

With Registration Link! You Are Invited: BKMSH End of Year Tax Update

              Submit questions with your registration! We invite you to join us for a year-end update every tax practitioner needs to prepare for the upcoming 2021 tax season. In this webinar, panelists will cover tax law changes that have occurred over the last few months, and review other critical year-end update items. Topics will include individuals, estates and trusts, and business tax developments, the CARES Act, and potential tax changes as a result of the recent election. Click here to register and submit your questions. BKM Sowan Horan is registered with the Texas State Board…

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