Aprio Austin

Looking to sell your home? Doing it through an installment sale could save you big come tax season. However, there are some potential pitfalls to be aware of, most of which could end up costing you far more down the line. ⚠️ If you sell to related parties and they sell within two years, you could owe all remaining tax immediately. ⚠️ Depreciation recapture may trigger extra tax if you’ve claimed depreciation on the property. If you’re considering using an installment sale for your home sale, make sure you’re up to speed on how it works, what to avoid, and whether it’s the right strategy for you. Learn more in our most recent post: https://lnkd.in/eRz7xM7M

Are you up to speed with the new tax rules for 2025?  While personal exemptions have been eliminated, standard deductions keep getting bigger.  And if you’re 65 or older, you qualify for an additional deduction. Here’s how seniors can benefit and make the most of these changes: ✅ Use the higher standard deduction to simplify your tax filing ✅ Don’t forget to claim the extra deduction for age 65+ — it can add up! ✅ Review your itemized deductions (like medical expenses) to see if they still make sense ✅ Consider charitable giving strategies to maximize tax benefits These updates can have a real impact on your tax bill and financial planning. Learn more in our most recent post: https://lnkd.in/e78-b3VQ

If you're planning to sell property, an installment sale could be a smart tax strategy to consider. By spreading payments over multiple years, you may be able to: ✅ Defer taxes ✅ Lower your overall tax bill ✅ Earn interest from the buyer With potential changes to capital gains taxes on the horizon, now is a great time to review whether an installment sale makes sense for your situation. Learn more about the benefits of an installment sale plus common traps to avoid in our recent post: https://lnkd.in/eRz7xM7M

The tax landscape has changed - again. And for seniors, those changes matter more than ever. The personal exemption, which once helped reduce taxable income for each family member, is still eliminated under current tax law. But there’s a silver lining: the standard deduction is increasing for individuals over the age of 65. From 2025-2028, individuals over the age of 65 will receive a $6,000 benefit per individual if they meet specific requirements, such as being married and filing jointly, having a valid social security number, and more. Learn more about the requirements and what this could mean for your 2025 taxes in our most recent post: https://lnkd.in/e78-b3VQ

When business disputes arise, facts matter – but so do the numbers behind them. Forensic accounting is often the key to uncovering the truth in litigation. Whether it’s tracing missing funds, analyzing financial statements, or identifying signs of fraud, certified professional accountants bring a level of clarity that can make all the difference in court. In our latest article, we explore how forensic accountants help: 🔍 Detect financial misconduct 📁 Reconstruct complex transactions 🧾 Support claims with hard data ⚖️ Deliver credible, expert testimony If financial evidence is central to your case, a certified professional accountant might be your most valuable asset. Read the full article: https://lnkd.in/esxUcXRV

One of the most important pieces of advice that we give to our clients: Protect your social security number at all cost. 🔒 According to data from Motley Fool Money, we’ve seen a 25% increase in identity theft cases in 2025 alone, largely due to the increased use of AI, as well as more sophisticated hacking tactics. We no longer live in a time where identity theft is a minor threat. The dangers are out there - and it’s up to us to steer clear. Get tips for protecting your SSN in our recent post: https://lnkd.in/ehs6U28z

Business disputes can get messy – fast. Whether it’s a partnership falling apart, a shareholder conflict, or a contract dispute, having a certified professional accountant on your side can bring much-needed financial clarity and credibility to your case. But what exactly does a certified professional accountant do in litigation? In our latest post we break down the key ways certified professional accountants support legal teams and clients, including: 🔍 Forensic accounting 📈 Business valuations ⚖️ Expert witness testimony …and more. Don’t leave your financials to chance – see how a certified professional accountant can be your secret weapon in resolving disputes: https://lnkd.in/esxUcXRV

Nervous about the cost of sending your child to summer camp? 💸 You’re not alone. A 2024 Gallup–American Camp Association survey found that 32% of parents chose not to send their kids to camp specifically due to the expense. But here’s the good news: if you’re sending your child to a day camp, you may be able to claim a valuable tax credit to help offset the cost. In our latest post, we share 5 summer strategies that can reduce your 2026 tax bill – like: 🏡 Renting out your home (tax-free in some cases!) 💼 Turning business travel into deductions 👨👩👧 Hiring your child for your business and more! Read the full article here: https://lnkd.in/eZMCarE7

If you’ve experienced identity theft, or know someone who has, you’re probably familiar with the havoc it can wreak and how long it can take to resolve (on average, 6 to 18+ months!). The reality is, no one is spared from the potential risk of identity theft, which is why it’s now more important than ever to protect your social security number at all costs. In our most recent post, we’ve covered a few measures you can take to ensure that your social security number remains with you and ONLY you, including: ➡️ Never input your full SSN on a form unless you’ve confirmed that it’s required ➡️ Never give your SSN out over the phone, regardless of who is requesting it  ➡️ Never carry your social security card with you And more. Protect yourself now to prevent major headaches down the line – read more here: https://lnkd.in/ehs6U28z

Getting an unexpectedly high tax bill comes with a lot of stress, which can take a toll on summer fun. So, how do you get in under control for 2026? By using some of that leisure time to revisit your tax strategy. In our latest post, we’ve covered 5 potential ways that you can use summer activities to save big on taxes: 🏠 Renting your home without paying tax (yes, really) ⛺ Using summer camp expenses to claim a child care tax credit 🌅 Turning a deductible business trip into a fun summer adventure And more! Set yourself up for success in 2026 – read more here:https://lnkd.in/eZMCarE7