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Henry & Peters, PC For over 90 years, Henry & Peters has provided comprehensive accounting services with a depth of exp

Fraud risks change as your business and its external market conditions evolve. Controls that were previously effective m...
10/26/2026

Fraud risks change as your business and its external market conditions evolve. Controls that were previously effective may no longer be appropriate if, for example, you’ve added employees, revised your payment methods, switched vendors or opened new locations. Fraud perpetrators may also use increasingly sophisticated schemes to gain access to your systems. A formal fraud-risk assessment can help fortify your defenses. A forensic accountant may review financial records, transaction patterns, payroll data and existing controls for red flags that warrant attention. The findings can help you strengthen controls and determine where follow-up is needed. Contact us to learn more.

Learn More: https://www.henrypeters.com/assessing-your-businesss-fraud-risks/

Tax law changes taking effect this year will increase alternative minimum tax (AMT) risk for some higher-income taxpayer...
10/23/2026

Tax law changes taking effect this year will increase alternative minimum tax (AMT) risk for some higher-income taxpayers. For 2026, the AMT exemption phaseout thresholds are reduced and the exemption phases out twice as fast as for 2025. If you may be affected, consider the AMT before implementing income and deduction timing strategies. A move that would reduce your 2026 regular tax might provide little or no benefit under the AMT — or could trigger it. Before acting, determine whether you may owe the AMT for 2026 or 2027 and how the move would affect both calculations. We can help project your regular tax and AMT liability for both years and the potential impact of timing strategies.

🔗 https://www.henrypeters.com/what-higher-2026-amt-risk-may-mean-for-your-year-end-tax-planning/

Does your business accept, spend or invest in cryptocurrency? The IRS scrutinizes digital-asset transactions. Business t...
10/21/2026

Does your business accept, spend or invest in cryptocurrency? The IRS scrutinizes digital-asset transactions. Business tax returns include a question about digital assets, and brokers must report certain transactions on Form 1099-DA.

Digital assets are treated as property for federal tax purposes. Cryptocurrency accepted for goods or services is taxable income based on its fair market value when received. Selling, exchanging or spending it may create a separate gain or loss. Crypto payments to employees and contractors are subject to the usual tax-reporting rules and can produce a business gain or loss. Contact us to review your 2026 digital-asset activity and reporting obligations.

https://www.henrypeters.com/what-are-the-tax-implications-of-cryptocurrency-transactions/

Henry & Peters was proud to sponsor two Miracle League players from Tyler and two from Longview to attend the 8th Annual...
10/21/2026

Henry & Peters was proud to sponsor two Miracle League players from Tyler and two from Longview to attend the 8th Annual Miracle League All-Star Celebration in Frisco! We were also honored to support the event as a Homer Sponsor.

This event brings Miracle League players and families together for a weekend of baseball, friendship, and unforgettable memories.

It was especially meaningful for our H&P family, as Jim from our Frisco office has two sons who participate in the Miracle League!

We're grateful to support an organization that creates opportunities for athletes of all abilities to enjoy the game and be celebrated.

If restricted stock is part of your compensation, considering the potential tax consequences well before Dec. 31 is a go...
10/19/2026

If restricted stock is part of your compensation, considering the potential tax consequences well before Dec. 31 is a good idea. You may have decisions to make if: 1) you’ve recently received an award or are expecting one soon, 2) your restricted shares have vested in 2026 or will vest before the end of the year, or 3) you’ve sold shares this year or are considering a sale. The timing of these events and certain decisions you make — such as the Sec. 83(b) election — can affect both the amount and type of taxable income you must report. They also may provide planning opportunities that will affect your 2026 and future taxes. Contact us for assistance.

🔗 https://www.henrypeters.com/restricted-stock-deserves-attention-before-year-end/

Paying dividends isn’t the only way to take cash out of your C corporation. Corporate distributions are generally taxabl...
10/16/2026

Paying dividends isn’t the only way to take cash out of your C corporation. Corporate distributions are generally taxable to you to the extent of your company’s “earnings and profits,” and your company can’t deduct them.

To avoid dividend treatment, consider having your business repay bona fide loans you’ve made to it or taking out properly structured loans from it. You might also increase your compensation (as long as it’s still “reasonable”) or qualifying tax-free fringe benefits — or lease or sell assets to your business.

Before proceeding, evaluate the tax implications for you and your corporation. Contact us to review the applicable rules and determine what’s right for your situation.

🔗 https://www.henrypeters.com/5-tax-smart-ways-to-take-cash-out-of-your-c-corporation/

Jim and Michelle took a break from the busy tax season to attend the 5th Annual Frisco Mayor’s Prayer Breakfast.The morn...
10/14/2026

Jim and Michelle took a break from the busy tax season to attend the 5th Annual Frisco Mayor’s Prayer Breakfast.

The morning brought together elected officials, local pastors, musicians, and community members for a time of prayer, worship, and fellowship.

We're grateful for opportunities like this to connect with our community and come together in support of the city we serve.

Address

Oak Plaza, 3304 S Broadway Avenue
Tyler, TX
75701

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

(903) 597-6311

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