What are the challenges that keep small businesses from doing more business? What can entrepreneurs, who already wear so many hats, do to overcome them? Reacting vs. thinking ahead Every business owner knows how important it is to stay on top of day-to-day operations, but survey results suggest “short-termism” is a common problem. Asurvey found that most small business owners … Read More
DFW Small Business Advice: Having A Successful Summer
While for many people the summer is spent outside enjoying the sunshine, for small business owners it’s a crucial time for your business. The life of a small business owner is very different to that of a boss of a large organization. If you happen to be in the earlier years of business and either work alone or with a small group … Read More
Flower Mound Tax: New Small Business Tax Code
Tuesday is Tax Day, the last day to file income taxes for the 2017 income tax season. The old tax code was replaced by the tax cut legislation passed by Congressional Republicans late last year. This seems like a good opportunity to reiterate the tax changes for the country’s 29 million small business owners. New Tax Structures The new tax … Read More
Flower Mound Accounting: Last Minute Tax Tips
In case you weren’t aware, this year’s tax filing deadline is rapidly approaching. You have until April 17 to submit your 2017 return. If you’ve been procrastinating, it’s time to get moving. Here are some tips to help from experienced pros: 1. Decide whether you’ll be itemizing Though itemizing on a tax return is more involved than claiming the standard deduction, it … Read More
Dallas Tax Preparation: File Taxes Without A Hitch
With tax penalties in place that could be as much as 5% a month, filing your taxes late as a business owner can be costly. To make sure you meet the tax deadline this year and every year going forward, you need to stay organized and spend the time it takes to get your tax documents in order early on. This will … Read More
75028 CPAs: How To Stretch a Tax Refund
While it can be tempting to splurge money on something, saving some of it could be a smarter move over the long run. Here some ways that taxpayers with a household income of less than $75,000 can put that refund to good use. 1. Build up your rainy day fund Experts recommend having at least six months’ worth of savings … Read More
DFW CPA: Lower Taxes For Small Business
Minimizing taxes may be the difference between a profitable business and one that is just getting by. You all are probably thinking: “I don’t have extra time do deal with taxes.” Here are seven ways you can tame the stress of small business taxes and hopefully put a little (or a lot) more money back in your pockets. 1. Tax Software Is … Read More
Tax Preparation Help: Are You Getting All The Tax Breaks You Deserve?
Are you taking all the tax breaks you’re entitled to? CPAs say you might be able to reduce your tax bill by taking advantage of the many exemptions, deductions, and credits built into the tax code. (Tax Preparation Help: Are You Getting All The Tax Breaks You Deserve?) Tax exemptions, deductions, and credits are all things that can reduce how … Read More
Dallas Tax Pro: Tax Scams To Watch For This Year
Tax filing fraud could reach an all-time high this year, as a result of last year’s Equifax data breach. Millions of names, addresses and Social Security numbers may be compromised, and an identity thief armed with your personal information can file a tax return in your name, and collect a refund. But even if your identity wasn’t stolen, you could … Read More
Flower Mound Tax Help: These Tax Breaks Could Be Gone in 2018
If you haven’t filed your 2017 taxes yet, grab your shoebox of receipts and see if you qualify for these deductions. Flower Mound Tax Help: These Tax Breaks Could Be Gone in 2018 By now, you know that the Tax Cuts and Jobs Act has overhauled the tax code, including nearly doubling the standard deduction, doing away with personal exemptions and trimming … Read More