Personal Tax Services for Individuals and Families


At Cornwell Jackson, we work closely with individuals and families to ensure a healthy financial future for you and your loved ones. Our professionals evaluate and plan successful financial strategies tailored just for you.

Personal Tax Compliance
We have a group of highly experienced tax accountants who focus entirely on tax planning and preparation. We are committed to continually upgrading our technology and interconnectedness. You can be confident that your tax returns are expertly prepared and provided to you in a timely manner.

Our goal is to be your trusted advisor – providing proactive, relevant advice and suggestions you deserve in addition to the compliance services you expect. Our individual tax services include the following:

  • Federal, state, and international filings
  • Tax planning for estates and trusts
  • Gift-tax returns
  • IRS representation
  • Education tax planning
  • Retirement tax planning
  • Strategic tax planning

Personal Tax Planning

Personal tax planning demands specialized solutions for individuals and families. At Cornwell Jackson, tax planning is a year-round focus, not a year-end frenzy. We consistently search for ways to minimize tax obligations and increase cash flow to maximize your return on investment and work on your behalf with the involvement of your personal advisor when needed in oversight and final review.

We integrate income tax planning with estate and retirement planning to assure you and your family a secure future. We are pleased to offer individuals a complimentary initial consultation to assess your ability to minimize tax and plan more efficiently for the future.

Tax Planning Tools

Financial Planning for Millennials Gaining Career Success

We know it’s a tough transition to stare at your 30s and say good-bye to youth. Seriously, though, millennials have great opportunities to transform how people live, work and do business in the next three decades. With that power comes great responsibility to manage your finances wisely. This article will stare into the abyss of mortality with you and help you recognize the possibilities to soar rather than settle.

Business Taxes: Prepare for Uncertainty and Certainly Prepare

Tax planning for 2016 is marked by certainty and uncertainty. Many valuable tax breaks were made permanent by the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). But there are some tax breaks that the PATH Act only temporarily extended, in many cases only through December 31, 2016. Even though many tax law provisions are now “permanent,” this simply means that they don’t have expiration dates. With tax reform still on Congress’s agenda and a new President entering the White House, some major changes could be on the horizon. This article provides an overview of some key tax provisions and a variety of tax strategies for entrepreneurial and mid-market business owners.

Do You Need a Succession Planning Starter KitSuccession Planning Starter Kit

As a longtime CPA in the Dallas area, I have worked with a lot of family-owned and closely held small business owners. If you are among the small and medium-sized business owners who are age 50 or older, that gives most of you a window of 10 years or less to fully execute a business transition or succession plan. Fortunately, creating the actual succession plan can take less than one year. This whitepaper can be your accounting starter kit or template for a fruitful business transition. Use it to support a healthier business and a more secure retirement. Your future begins…now.

 

2016-2017 Tax Planning Guide2016 – 2017 Tax Planning Guide

Last December, many valuable tax breaks were made permanent by the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). As a result, tax planning in 2016 is a little easier than it has been in recent years. But there are some tax breaks that the PATH Act only temporarily extended, in many cases only through Dec. 31, 2016. And, even though many tax law provisions are now “permanent,” this simply means that they don’t have expiration dates. With tax reform still on Congress’s agenda and a new President entering the White House in 2017, some major changes are on the horizon.

So in your 2016 planning, don’t count on the tax regime remaining the same indefinitely. In other words, the only certainty in tax planning is uncertainty. What does this all mean? Tax planning in 2016 is as important as ever. This guide provides an overview of some key tax provisions you need to be aware of and offers a variety of strategies for minimizing your taxes. But there isn’t space to touch on all of the available tax-saving opportunities. So please contact your tax advisor to learn exactly which strategies will work best for you.

 


Recent Personal and Individual Tax Blog Posts:

Understand Your Social Security Retirement Benefits

For years, people have questioned the viability of the Social Security system going forward. In July, the Social Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds. The report projects that the combined asset reserves of the Old-Age, Survivors and Disability Insurance (OASDI) Trust Funds will … Continue reading Understand Your Social Security Retirement Benefits

Revenue Recognition for Contracts: Changes Coming Soon

Revenue is the top line of your company’s income statement. So, it tends to receive a lot of attention from investors, lenders and other stakeholders. Why? Changes in revenue can tell whether your company is growing or declining. Moreover, changes in the composition of revenue can provide insight into your strategic plans. If your company enters … Continue reading Revenue Recognition for Contracts: Changes Coming Soon

Casualty and Theft Losses: Find the Silver Lining

We’re in the midst of hurricane season now, but the eastern and southern shores aren’t the only parts of the country at risk for catastrophic events. Mudslides, earthquakes and wildfires often plague the West Coast, tornadoes may touch down across the Great Plains and Midwest, and low-lying areas near rivers and tributaries across the country are … Continue reading Casualty and Theft Losses: Find the Silver Lining

Contact our Personal Tax Specialist

Call us to arrange an appointment: 972-202-8000 or email us using the links below.

Scott Allen, Tax Partner

Scott Allen joined Cornwell Jackson as a Tax Partner in 2016, bringing his expertise in the Oil and Gas and Construction industries and twenty-five years of experience in the accounting field.

View Our Tax Blog

Client Testimonials

“I can pick up the phone and call them and say, ‘I want to make sure I get this right.’ Talking to Cornwell Jackson isn’t a once a year event. I don’t feel I’m on the clock every time I talk to them. If I ask them to do a project they tell me what it will cost and they live by that.”

-Tony Mendoza