About Our Practice

Porter and Company and its respective staff have been practicing in the Dallas/Fort Worth metroplex for over 30 years. We are focused on meeting the demands of small to medium sized businesses as well as the individuals behind the business. We have an extensive practice area of tax and business solutions to bring cost effective results to your company.

The members and staff the firms have a variety of experiences in public accounting. Clientele has varied from retail, restaurant, construction, information technology, non-profit as well as vast array of small and medium sized businesses.

We are a Certified Public Accounting firm registered with the Texas State Board of Public Accountancy and our firm is a member of American Institute of Certified Public Accountants and the Texas Association of Certified Public Accountants.

With over 500 companies using our accounting firm for a variety of services,you should be comfortable in our expertise and commitment to excellence.

Recent Posts

Avoid This S-Corporation Health Insurance Deduction Mistake

If you own more than 2 percent of an S corporation, you have to do three things to claim a deduction for your health insurance: You must get the cost of the insurance on the S corporation’s books. Your S corporation must include the health insurance premiums on your W-2 form. You must (if eligible) … Continue reading Avoid This S-Corporation Health Insurance Deduction Mistake

Length of Service Awards

Employers typically award employees to attract talent and promote retention. The Tax Cuts and Jobs Act (TCJA) of 2017 clarifies that tangible personal property awards to employees are deductible by an employer and excluded from an employee’s gross income. The requirement imposed by the IRS is that awards meets the following criteria: The award is … Continue reading Length of Service Awards

TCJA Allows Bonus Depreciation on Purchase of Leased Vehicle

Before the Tax Cuts and Jobs Act (TCJA), your purchase of the vehicle you were leasing did not qualify for either Section 179 expensing or bonus depreciation. But times have changed. The TCJA made two changes that mean 100 percent bonus depreciation is available on the vehicle you lease and then purchase, regardless of whether … Continue reading TCJA Allows Bonus Depreciation on Purchase of Leased Vehicle

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