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At GLO CPAs, LLLP we know that an informed client is our best customer. That's why we have compiled the best the Web and the world has to offer right here on our site, just for you. Invest some time in your own financial education; the return will be greater than you might have expected, and the impact will be global.


BUSINESS OWNERS
  Articles
  Transferring or selling a business
    Funding a buy-sell agreement with disability insurance
   Funding a buy-sell agreement with life insurance
   Transferring your family business
ESTATE PLANNING
 Articles
  Beneficiary designations
   Choosing a beneficiary for your IRA or 401(k)
   Designating a beneficiary for life insurance
 Decision Tools
  Trusts
   Advantages of trusts
   How an irrevocable life insurance trust (ILIT) works
   How an irrevocable trust protects assets
 
TAX PLANNING
 Articles
  General tax planning
   Tax benefits of home ownership
   Tax planning for the self-employed
   Year-end tax planning
  Tax credits and deductions
   Education tax credits
   Personal deduction planning
   Qualifying for the home office deduction
  Taxes and insurance
   Tax planning tips: disability insurance
   Tax tips: health insurance
   Tax tips: long-term care insurance
 Decision Tools
  General tax planning
   Accelerating deductions/postponing Income
   Accelerating income/postponing deductions
   Federal individual income tax fundamentals
  Tax credits and deductions
   IRS Issues Initial First Time Homebuyer Tax Credit Guidance, Highlights Repayment Requirements
   Comparison of education tax credits and deductions
   General business tax credits
   Tax credit sampler


 FAQs
  General tax planning
   Am I having enough tax withheld from my paycheck?
   Are scholarships and grants subject to federal income tax?
   Do I have to pay U.S. taxes when I work abroad?
   I have investment property. What does basis mean, and how do I determine the basis of my property?
   What is the basis of property received as a gift?
   What penalties and interest will I be charged for paying and filing my federal income taxes late?
  Tax credits
   Now that my child is in college, am I entitled to any education tax credits?
   What are the Hope credit and the Lifetime Learning credit?
   What is the child tax credit?
   What is the difference between the child tax credit and the child and dependent care tax credit?





Contact our advisors at 713.621.4700 or email us at info@glocpa.com
  
  Tax deductions
   Can I deduct home office expenses?
   Can I deduct premiums paid for long-term care (LTC) insurance?
   Can I deduct the cost of improvements or repairs I've made to my home?
   I paid my mother's real estate taxes last year. Can I deduct this on my tax return?
   If I prepay next year's taxes this year, can I deduct them this year?
   If I work at home occasionally, am I entitled to a home office deduction?
   My spouse and I are filing separate returns. Can we both itemize our deductions? If so, how do we split the deductions?
   My town has assessed against me a real estate betterment for new sewer lines installed in my street. May I deduct this amount on my tax return?
   We just bought our first home. What can we deduct from the settlement statement?
  Taxes and home ownership
   I rent my home out for two weeks each year. Do I have to show this rental income on my federal income tax return?
   If I prepay next year's taxes this year, can I deduct them this year?
   We just bought our first home. What can we deduct from the settlement statement?
  Taxes and insurance proceeds
   Are life insurance proceeds income taxable?
   I receive disability insurance payments. Are they taxable?

"I was first attracted to GLO, because of their bundled approach to accounting and financial planning services. The firm has done a lot for me - from tax returns to wills, to pension and estate planning. They are more than capable, and focused on complete customer service. Carl Glaw has tremendous ethics and a passion for giving back, which means a lot to me. It's very unusual to find an accountant that's as multi-talented as he is - no doubt, the best I've seen in my career."

Robert Casey, Associate Dean, C.T. Bauer College of Business, University of Houston