Does a Small Business Need Leadership or Management? The answer is both. Have you ever heard the expression “Too many generals and not enough soldiers?” Well it can work both ways. Too many soldiers without a strong general will surely find themselves fighting the wrong battles. Businesses with too many leaders fail from their inability to manage. Likewise companies with … Read More
Flower Mound Business Consultants Help With Cash Flow Management
According to a U.S. Bank study, 82% of businesses fail because of cash flow problems. However, is there a way to avoid catastrophe altogether? While the occasional “surprise” or economic challenge may be unavoidable, small businesses can manage their cash flow with smart practices. Below are five tactics that can help small business stay ahead of cash flow problems. Flower … Read More
CPAs Can Measure Financial Health Of A Business
Did you know CPAs can measure the financial health of a business? If your sole measure of financial performance are the sales you generate or your account balance—you’re missing out on a lot of helpful information about your business. Financial statements and metrics are more than just numbers that go up or down month after month. They tell a story about … Read More
Business Consulting Firms Help Sell Your Business
Small business consulting firms can help you sell your business by spotlighting a few commonly overlooked aspects of the business sale process. Sometimes they can slow down turnaround time of a sale. But if you can understand these potential problems better, you will be better prepared. Do You Have Time on Your Side? Use an intermediary who will help with … Read More
Small Business Consulting: Restore Your Energy After Taxes
Looking for a few tips to revitalize your personal energy after the tax season is over and get ready for the summer? Some of these small business consulting tips are so easy and simple you might think they won’t do anything for you. As you read, check to see which ones have slipped from your current daily routine. 5 Tips to … Read More
Tax Preparation Tricks or Scams To Avoid This Year
For the last three years or so, the IRS has given a name to the most common and dirty schemes to cheat either taxpayers or the nation’s treasury. They are called the “The Dirty Dozen.” This year, half the dozen are scams by third parties that attempt to rip off taxpayers. The other half are taxpayer attempts to rip off … Read More
Tax Time T.V. Giveaway!
We’re giving away this awesome 55” 4K Ultra HD Vizio TV– valued over $600– to ONE lucky winner! You MUST COMMENT ” DFW CPA” on our Facebook post , and SHARE the post on your own page. The winner will be chosen by a random drawing on April 19, 2017 at 12pm CST. The winner must also pick up the … Read More
Tax Errors You Can Avoid This Year
Taxes are hard and stressful enough to do without making avoidable errors. Before clients file, they should double check to make sure they don’t make the following tax errors. We often hand out this checklist to clients to avoid mistakes in advance. Not signing the return (if you file paper copies) Number transposition and spelling errors Unchecked or unanswered questions … Read More
Adding a Banker to Your Small Business Consulting Team
If you want the best for your business, surround yourself with like-minded individuals. As a business owner, get support from a small business consulting team that has expertise in specific areas. Your CPA plays a critical role for you, but don’t forget about others. Cue your business banker. Your CPA can make sure that you have the right systems in … Read More
Flower Mound CPA Advice: Is an Extension Right for You?
If you can’t pay your taxes by this year’s April 18th deadline, you can always request a 60- to 120-day extension to pay. Don’t forget about asking your local certified public accountant and tax preparation specialist about the benefits. You may still be charged penalties and interest but at a lower rate. The IRS also offers installment agreements that allow … Read More