Bringing value to our clients is what drives the way our professionals do business each and every day. We believe in sharing our insights and expertise in order to help you stay abreast of economic changes and industry trends impacting you and your business. We encourage you to browse our articles, events, community involvement, and announcements to see first-hand the many ways we offer the latest in thought leadership in an effort to help you achieve success.
Be sure to take note of our events section, which not only highlights upcoming events hosted by Padgett Stratemann, but also features outside speaking engagements featuring members of our professional team.
The Texas Comptroller Changes Its Policy Regarding the Cost of Goods Sold Deduction for Taxpayers That Do Not Produce the Goods They SellThe Texas Comptroller released a policy memorandum which announced a change in policy regarding the costs of goods sold (COGS) deduction for taxpayers that do not produce the goods they sell. Read More
- On April 29, 2015, the Financial Accounting Standards Board (FASB) issued for public comment a proposed Accounting Standards Update (ASU) that wound defer the effective date of its new revenue recognition standard by one year. Read More
- Malcolm Stratemann, one of Padgett Stratemann & Co.’s (PS&Co.) founding partners passed away after an illness on Saturday, May 9, 2015. He was 84. Read More
- In a recent Tax Court Memorandum ruling, the Tax Court found that income from the rental of commercial real estate that the taxpayers claimed as passive income should be recharacterized as nonpassive under Reg. §1.469-2(f)(6). The Tax Court rejected the taxpayers’ argument that Code Sec. 469 does... Read More