Flower Mound Tax Consulting: Year-End Business Tips

WilliamsSmall Business AccountingLeave a Comment

Flower Mound Tax Consulting: Year-End Business Tips

With year-end rapidly approaching, this is the time to take steps to cut your 2019 business tax bill. (Flower Mound Tax Consulting: Year-End Business Tips) Establish tax-favored retirement plan If your business doesn’t already have a retirement plan, now might be the time to take the dive. Our current tax rules allow for significant deductible contributions. For example, if you … Read More

Dallas Tax Savings: Best States For Retiring

WilliamsRetirement PlanningLeave a Comment

Dallas Tax Savings: Best States For Retiring

Even in retirement you’ll likely owe your fair share of taxes. If your retirement savings are kept in a 401(k) or traditional IRA, you’ll generally have to pay income taxes on your withdrawals each year. You’ll also typically be responsible for federal taxes on your Social Security benefits. Depending on what state you live in, you could pay state taxes on … Read More

Dallas Texas CPAs: Make Your Money Last In Retirement, Part 2

WilliamsRetirement Planning, UncategorizedLeave a Comment

Dallas Tax Strategy: Prepare For Retirement in 2021

Things will get more expensive as you age. Inflation will erode your buying power, putting pressure on your spending. Having a plan for inflation will help you not run out of money in retirement. (Dallas Texas CPAs: Make Your Money Last In Retirement, Part 2) 1. Make Healthier Choices Being sick is miserable and expensive. Many chronic health conditions are … Read More

Flower Mound Tax Consultant: Don’t Miss This Savings Account

WilliamsTax Planning and PreparationLeave a Comment

Flower Tax Consultant: Don't Miss This Savings Account

As you choose your benefits for 2020, don’t look past a key saving account that could beat your 401(k) plan — at least in tax terms. (Flower Mound Tax Consultant: Don’t Miss This Savings Account) This year, nearly 3 in 10 employers who offer workplace benefits provided a high-deductible health insurance plan along with a tax-advantaged savings account, according to data … Read More