Maddox, Thomson & Associates, P.C.

The final deadline to file your individual tax return is approaching fast. October 15 is the last day to submit if you filed for an extension earlier this year. If you haven’t finalized everything yet, now is the time to gather your documents, review your deductions, and make sure your return is complete and accurate. Missing this deadline can result in interest, penalties, and more complications down the road. Even if you’ve already submitted, this is a good time to review your tax planning strategies for next year, especially if you’ve had any big life changes like a new job, home purchase, or major medical expense. Proactive planning now can mean fewer surprises next April. Need a hand? We’re here to help you finish strong. #taxdeadline #taxplanning #taxes2025 #yearendtaxplanning #maddoxthomson

Are you making the most of your retirement contribution strategy? For business owners, the options go well beyond a simple IRA. SEP-IRAs, Solo 401(k)s, defined benefit plans, and cash balance arrangements can create significant deductions while building long-term wealth. The right structure depends on your income level, business entity, and goals. The key is planning early enough in the year to make it work. At MTA, we help clients identify and implement the right retirement strategy for their situation. Start the conversation at maddoxthomson.com #MaddoxThomson #MTA #txcpa #houstoncpa #retirementplanning #taxdeduction #businessowner #wealthbuilding

Inheriting an IRA from your spouse and inheriting one from a parent are not the same thing. Treat them the same, and you could miss options you'll never get back. We recently worked with a client who lost her husband and her mother within a couple of years of each other, leaving her with two inherited IRAs, governed by two completely different rule sets. As a spousal beneficiary, she could roll her husband's IRA into her own and treat it as hers going forward. Her mother's IRA came with no such flexibility, the full balance had to come out within ten years. No exceptions. Knowing which rules applied to which account is what kept this manageable during an already hard year. If you've inherited an IRA, your options depend on your relationship to the original owner, and the clock starts the moment you inherit it. Don't move until you know which rules apply to you. Read the full story: https://lnkd.in/eusN9Ji7 #MaddoxThomson #MTA #txcpa #HoustonCPA

Tax law changes constantly. The firms that protect their clients are the ones paying attention all year, not just at filing time. MTA's compliance and consulting services go beyond the return. From entity selection and quarterly estimated payments to retirement planning and IRS representation, we help individuals and businesses stay ahead of what's coming and make smarter financial decisions along the way. Reach out to our team to learn how we can support your tax and financial planning needs: https://lnkd.in/ePyE8Xbu. #Maddoxthomson #MTA #txcpa #Houstoncpa #taxplanning #complianceconsulting

The best tax decisions aren't made in April. They're made now. For high-net-worth individuals and business owners, August is a natural checkpoint. Are your estimated payments on track? Have there been income events that change your year-end picture? Is your retirement contribution strategy optimized? At MTA, we engage with clients throughout the year so those questions get answered before they become problems. Schedule a mid-year review with our team at maddoxthomson.com #MaddoxThomson #MTA #txcpa #houstoncpa #taxplanning

Since 1985, MTA has served Houston's high-net-worth individuals, families, and private businesses with something bigger firms rarely offer: a team that actually knows you. Tax preparation, estate planning, trust compliance, business consulting, handled by seasoned professionals, personally. Learn more at the link here: https://lnkd.in/gcdwN_XB. #Maddoxthomson #MTA #txcpa #Houstoncpa