About Terence J Romney CPA PLLC — Intellectual Property Houston Texas

Intellectual property Houston businesses — from tech startups to creative agencies — face unique tax challenges when it comes to IP assets, and Terence J Romney CPA PLLC at 6464 Savoy Dr delivers the expertise to handle them correctly. Intellectual property Houston tax strategy requires a CPA who understands how to value IP assets, apply R&D credits, handle royalty income, and manage licensing agreements on a tax return. Mr. Romney brings over a decade of client relationships built on thorough explanations, flexible scheduling, and a direct line to IRS resolution when needed.

Houston’s diverse business community includes software developers, content creators, patent holders, and franchise operators — all of whom generate intellectual property with significant tax implications. Terence J Romney CPA has served business clients for over a decade, with many long-term clients citing 8 to 14 years of continuous service. His willingness to stand behind his work and represent clients before the IRS is a differentiator that clients specifically value. Intellectual property Houston asset valuations, licensing fee deductions, and Section 199A qualified business income calculations all require specialized knowledge that separates a general tax preparer from a true business CPA. Intellectual property attorneys in Houston often collaborate with CPAs like Mr. Romney to ensure that IP-related legal strategies align with tax planning. Reviewers consistently call him the best in the business, highlighting his ability to explain complex tax law in understandable terms.

Intellectual Property Houston — Practice Areas & Services

• Tax Law: Business and individual tax preparation, IRS representation, bookkeeping, and tax strategy for Houston-area companies with intellectual property, licensing, and royalty income considerations.

What Clients Say

Reviewers are uniformly positive, with many describing 8- to 14-year relationships built entirely on trust and results. Clients praise Mr. Romney for explaining complex tax decisions in detail, staying current with changing tax law, and handling IRS interactions on behalf of clients without the client having to get involved. Business owners highlight his ability to optimize financial health across multiple tax years, not just file a return.

Frequently Asked Questions

How are intellectual property royalties taxed for Houston business owners?

Royalty income from IP assets — such as patents, trademarks, or copyrights — is generally treated as ordinary income and subject to self-employment tax if earned through a business. Proper structuring through an entity, licensing agreements, and timing of income recognition can meaningfully reduce the tax burden. A CPA experienced in intellectual property Houston tax matters can design a strategy that accounts for both federal and Texas franchise tax implications.

What is the R&D tax credit and does it apply to Houston businesses that develop intellectual property?

The federal Research and Development tax credit under IRC § 41 applies to businesses that incur qualified research expenses — including wages, supplies, and contract research — in developing new or improved products, software, or processes. Many Houston businesses, from software developers to engineering firms, qualify but never claim the credit. A knowledgeable CPA can identify qualifying activities and file amended returns to capture past credits.