Internal Revenue Service Announcement 2017-11 eases the requirements for loans and hardship distributions from qualified employer retirement plans for participants who have been impacted by Hurricane Harvey. A distribution to a current or former employee from a...
Following the destruction resulting from Hurricane Harvey, many employees are finding themselves in need of financial assistance. Employers can make payments to their employees to reimburse or pay for certain expenses in connection with a “qualified disaster” and...
A casualty is the damage, destruction or loss of property resulting from an identifiable event that is sudden, unexpected or unusual. Taxpayers who suffer an economic loss due to a natural disaster like Hurricane Harvey can claim a casualty loss deduction on their...
Hurricane Harvey and the ensuing flooding was a wide-scale disaster with serious economic repercussions. The Federal Emergency Management Agency (FEMA) has implemented a number of programs to help its victims get back on their feet. As your CPA, we’re available...
The Desroches Partners group is all safe! We have had a number of employees that have had their homes flooded. We were closed last week and will be open starting today, September 5th. The week of the 5th thru the 8th will be a little crazy around our office as we will...
On Wednesday, President Trump outlined his goals and priorities for major tax reform that could have a significant effect on all businesses and individuals. This one-page outline highlights the key features of the proposed tax reform which the administration is...
Desroches Partners, LLP, located in West Houston and North Dallas, offers a complete range of tax, assurance and consulting services to a diverse portfolio of clients.
