Tax Increase Prevention Act of 2014

Keeping us on the edge of our seats until the 11th hour, Congress has pulled through and passed legislation bringing forth the reinstatement of several tax benefits that had previously expired at the end of 2013. Called the “Tax Increase Prevention Act of 2014″, or TIPA, the tax package is poised and ready to be signed by President Obama.  While most of these are retroactive back to January 1st, 2014, many are only for 1 year and will sunset again as we are toasting at midnight, December 31, 2014, to ring in the New Year (or while some of us sleep because our children will still wake up early no matter what day it is). Most of these provisions are not available for 2015, unless Congress passes another Act.  The following are highlights of these extenders and may require immediate action.  Please call us at 817.877.5000 in Fort Worth or 972.385.3180 in North Dallas with questions.  Below are the highlights of the Act.

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SB&F Recent News

As we enter the Holiday season, SB&F is thrilled to allow our fabulous team members time to spend with their families and loved ones.  Both the Downtown Fort Worth and North Dallas offices will be closed on the following days:

Thursday, December 25th
Friday, December 26th
Thursday, January 1st
Friday, January 2nd

We hope this information assists you with your year-end planning. As always, we are available to assist you with your year-end financial and tax planning.

Just another way SB&F is “Keeping you in the black, not in the dark“.

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Specialty Parts and Electronic Components, Inc., as the name suggests, specializes in providing its customers with difficult to find, older items. It also sells commercial aircraft parts and electronic components. They are a family-owned and -operated business and because of that, Specialty Parts understands the importance of family.

In fact, two afternoons a week, one employees’ six-month old baby comes to the office with him.

“We would hate for her to go to a daycare center so soon,” said Julie Graham, Specialty Parts and Electronic Components owner. “Honestly, we all love her to death. She gets passed around the office so much that she barely affects anyone’s work!” (read more)