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At Virtus Wealth Management, your Southlake independent financial advisors, we help our clients prepare for a financially-secure future by developing long-term strategies that focus on the “big picture” versus short-term gain, thereby managing risk.

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Today’s economic conditions and uncertain financial markets require the savvy investor to go beyond traditional boundaries.


Our mission is to provide innovative, sophisticated and highly customized wealth management solutions and financial advice that address all facets of your finances.

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We tailor everything to each of our clients’ specific needs so that each client can pursue his or her different goals.

Virtus Wealth Management

Virtus Wealth Management is the product of a 2016 merger between two well-established Texas wealth management firms.

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Wealth management is more than just investment advice – it includes all aspects of a client’s financial life.

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Wealth management is more than just investment advice – it includes all aspects of a client’s financial life.

Who We Help

At Virtus Wealth Management, we believe we can help you no matter what age you are, what life stage you are in, or how much money you are working with. We want you to feel educated, empowered, and involved in the planning of your financial future.

Federal Tax Update

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  • Federal Tax Update

by | Apr 6, 2020

The federal income tax filing and federal income tax payment due date is automatically extended from April 15, 2020, to July 15, 2020, without penalties and interest and regardless of the amount owed. The automatic deferment applies to all taxpayers including individuals, trusts and estates, corporations, and other non-corporate tax filers as well as those who pay self-employment tax.

This was announced on March 18th by the U.S. Treasury Department and IRS in Notice 2020-18. Please note, the limitations provided on March 13th in Notice 2020-17 are no longer applicable.

This relief is only available for:

  • Federal income tax payments (including payments of tax on self-employment income) for a 2019 tax return.
  • First quarter federal estimated tax payments (including payments of tax on self-employment income) originally due on April 15, 2020, for the 2020 taxable year. (Second quarter 2020 estimated income tax payments have not been postponed and are still due on June 15, 2020.)
  • Contributions to a tax-favored HSA, SEP or IRA for 2019.

Consult your tax professional for updated information regarding any state income tax filing delays and extensions. For your reference, the following Forbes article is being updated daily to track the state tax office closings, filing delays and extensions:

Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Individuals who need additional time to file beyond the July 15th deadline can use IRS Form 4868 to extend the deadline to file until October 15th.

COVID-19 Tax Credits Available Now

The Families First Coronavirus Response Act provides small and midsized employers (businesses with fewer than 500 employees) two new refundable payroll tax credits designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing COVID-19-related leave to employees. This includes a paid sick leave credit and child care leave credit. Under guidance that will be released next week, eligible employers who pay qualifying sick or child care leave will be able to retain an amount of the payroll taxes equal to the amount of qualifying sick and child care leave that they paid, rather than deposit them with the IRS. Consult your tax professional for more information.

We will continue to keep you updated as more guidance and legislation is announced. While our physical office is closed, we are still fully operational and working from home. We are here for you and can be reach for questions or concerns by phone or email.

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