A Recipe for a Successful Small Business

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DFW CPA Tax Accountant - Business Tax Services | Williams & Kunkel CPA

Since its inception, the United States has always been considered “the land of opportunity” – a place where any individual with motivation and drive can have a successful small business. This notion still holds true today as 99 percent of all American companies are small businesses, according to Small Business Administration. But this doesn’t mean being an entrepreneur or running … Read More

Five Tips for Smart Business Growth

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DFW CPA Tax Accountant - Business Tax Services | Williams & Kunkel CPA

Taking your business from the start-up phase to becoming a medium-sized enterprise is a pivotal step for many entrepreneurs. If you are at this stage, congratulations! You have succeeded where many others have failed, and you are potentially on your way to becoming a very successful company. That said, there are countless challenges involved in business growth. Becoming an established … Read More

Five Ways to Provide Parental Leave For Employees

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DFW CPA Tax Accountant - Business Tax Services | Williams & Kunkel CPA

With the right infrastructure, small businesses can not only survive, but thrive by giving employees parental leaves. For example, Becca Apfelstadt has a $3 million, 20-person company, treetree, that works with large corporate marketing departments. Her company expanded 10-fold after her first maternity leave three years ago. She credits the growth to the way her team stepped up to fill … Read More

Is Forgiven Debt Taxable?

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Generally, debt that is forgiven by a lender is considered taxable income by the IRS and must be included as income on your tax return. Examples include a debt for which you are personally liable such as mortgage debt, credit card debt, and sometimes, student loan debt. When that debt is forgiven, negotiated down (when you pay less than you … Read More

The Art of Positive Feedback

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falling in love with your business

Knowing how to effectively give positive feedback is a powerful tool to develop employee skills and talent. However, many leaders on the front lines, middle management, and upper tiers of organizations often overlook positive feedback and reinforcement, or are unsure or uncomfortable about giving it. Why Positive Feedback Is Important Managers spend a lot of time and focus correcting gaps … Read More

The Power of a Positive Outlook

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post-tax season money tips

Nothing mirrors your quality of life more than your thinking. By deciding to take a positive outlook on life, one can begin to discard a negative frame of mind and view life more positively, with the anticipation of opportunities and challenges ahead, instead of dwelling on barriers in life. Positive thinking is a mental and emotional attitude. With a positive … Read More

Knowing When to Sell Your Business

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CPA Advice to avoid IRS penalties

Many business owners have the mistaken idea that retiring from their business will be a pretty simple process… …they’ll just find a buyer when they’re ready to retire and live off the proceeds of the sale for the rest of their lives. In an ideal world, this would be true. Unfortunately, the reality is much different. Except in rare circumstances, … Read More