We enjoy including client testimonials in our newsletters to clients and prospective clients. If you or your company have had an outstanding experience with our firm and would like to be highlighted in an upcoming edition,
email us.
To submit an online review of your attorney,
click here.
October 2017
Thank you for considering Frank Leffingwell & Associates, P.C. for your legal needs. If you haven't explored our website lately, we invite you to take a look at our new and improved format. Please let us know if we can be of service to you in the future.Link
Changes to Texas Durable Power of Attorney Act and Form
by Katie Robinson, Associate Attorney
Are you an agent acting under someone else's power of attorney? As a fiduciary owing certain duties to the principal, you need to know about changes in Texas as of September 1, 2017. The Texas Legislature revisited the Texas Durable Power of Attorney Act, which resulted in major changes to the statute itself, as well as additional changes to the Statutory Durable Power of Attorney form provided in the Texas Estates Code.Link to Article
Key Deadlines for Businesses
Year-end tax planning and possible tax law changes aren't the only tax issues business owners should be considering as we enter the fall season. It's also important to be aware of the Q4 2017 filing deadlines coming up.Link to Full Article
Timing Strategies Could Become More Powerful in 2017, Depending On What Happens with Tax Reform
The timing of a business's income and deductible expenses can have a big impact on tax liability. And timing really may be everything for businesses when it comes to 2017 year-end tax planning.Link to Full Article
2 Ways Spouse-Owned Businesses Can Reduce Their Self-Employment Tax Bill
Own an unincorporated business with your spouse? Then you might be paying more self-employment tax than necessary. Find out how you can save SE tax.Link to Article
Thorough Due Diligence Can Protect Your Acquisition From Fraud
Without adequate due diligence, business buyers risk acquiring a hornet's nest of employee theft, embezzlement and falsified financial statements. Find out how to prevent merger and acquisition fraud.Link
Most Successful Entrepreneurs Have Out Of Date Estate Plans
Not only do changes in laws date estate plans. The worlds of successful business owners also require updating an estate plan. Approaching 65% of the successful entrepreneurs reported that they are wealthier since they created their estate plans. The growth of their business is a major contributor to their increased net worth. Also, three-quarters of them say that since they created their estate plans they have experience life changing events. These events can be anything from divorce to the birth of children or grandchildren to the death of prospective guardians, and so forth. Link to Forbes Article
Is Your Family Business Ready for 2018?
With the holidays right around the corner, many business owners find themselves sprinting to complete their to-do list before the clock strikes midnight on New Year's Eve. Here is an important list of questions to consider so you can begin 2018 on a good note.Link to Full Article
The greatest compliment we can receive is a referral. If you know of someone seeking representation within our practice areas, please pass along this newsletter.
Thank you for considering our firm to represent you! We look forward to hearing from you.Link
Sincerely,
Frank Leffingwell & Associates, P.C.
Information is intended solely for residents of Texas or persons seeking representation in Texas.
