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What to Know About Taxes Taxes are probably one of your least favorite things to think about. But as with any investment, Uncle Sam is going to want to take a piece of the pie when things are peachy. However, with real estate investing, there are a lot of things... Read more

People who own successful businesses usually rely a lot on their accountants for advice. When you have a qualified accountant on your team, things like maintaining your books, planning for taxes, and meeting important financial deadlines all become much easier. (Are You Choosing the Best Dallas Tax Professional for You?)... Read more

No one says you have to be wealthy or a business owner to benefit from hiring a tax accountant. You might think that preparing your own taxes is just too time consuming or confusing. Maybe your tax situation is complex or it’s changed so you need specialized advice and tips.... Read more

Starting your own business can be very exciting and can be a huge source of joy and revenue in your life. (Flower Mound Tax Advice: What to Know Before You Start a Business) However, it’s not for everyone. Many people try to turn a passion of theirs into a business... Read more

Check out these 10 tips to help you create a schedule that works for your business and your team. They’ll also help you create ideal employee shifts for your business. (Business CPA: The Perfect Work Schedule) Determine Your Staffing Needs Scheduling is a balance. You need to have enough employees... Read more

As a business owner, you know you have to keep careful records of both your income and your expenses. (Flower Mound Tax Help: Balancing A Small Business Budget) In addition to saving money when tax season rolls around, keeping clear and concise records of all your business transactions will give... Read more

You might only think about your credit score before a big purchase, like when buying a house or applying for a loan. However, good credit can serve as a continuous backstage pass into a world of perks, better products and easier access into the opportunities you want most. What Is... Read more

April 15 might be the least popular day of the year for many of us. Taxes are due and, especially with the drastic changes in the tax code, many people just aren’t ready yet. If you’re among them, it’s possible to get an extension, but it’s important to follow the right... Read more

First, two simple tax tips, then we’ll get to the software itself. Use a Separate Account to Pay Taxes.  One of the simplest decisions you can make in your business life is to setup a separate tax savings account. For most banks, if you have a checking account already, you can just call... Read more

If you have a big tax bill that you can’t pay, life seems pretty bleak. While the number of tax liens annually filed by the IRS against taxpayers has dropped by more than 50 percent since 2010, there were more than 14 million open tax-debt cases against individuals and businesses... Read more

With the changes made by the Tax Cuts and Jobs Act not well understood by many Americans, taxes can be confusing enough for employees. Being a freelancer or independent contractor adds another layer of complication. For example, did you know there are three additional types of retirement accounts available to... Read more

1. PAY OFF HIGH-INTEREST DEBT Has a high-interest credit card balance been hard to pay off? Instead of buying a vacation with your refund, tackle that debt instead. Start with debts with the highest interest rates; eliminating these will save you the most money over time. If you don’t have... Read more

Few things bring a business owner’s blood pressure up like the thought of tax time. Between the receipts to go through, the surprise of what they will owe, and the hours it takes to gather annual income information, it’s just not a fun prospect for most business owners. But as... Read more

For those who wish to file by April 17, the pressure begins to build around now. Before the race gets heated here shortly, you may want to learn how last year’s tax reform changed things. You’ll be dealing with some of the biggest changes in a generation, so prepare. Besides... Read more

Whether you’re preparing your taxes on your own as real estate professional or having a tax strategist CPA help you, here are some tips: Don’t forget your mileage. Many real estate agents leave money on the table when it comes to their mileage. Depending on where you work on a... Read more

Tax season is here. If you’re like many people, you may look forward to receiving a sizable income tax refund each year. You might even have plans for how you’ll spend the money before the refund ever shows up. Unfortunately, for some taxpayers, the refund they anticipate will never arrive.... Read more

Early February is one of the busiest times for people doing their taxes. Are you someone who can’t wait to get your hands on your refund? Well, we can tell you how soon you will probably get that refund. The tax reform law officially kicked in on January 1, 2018.... Read more

1. Figure out whether it makes sense to itemize One of the most important decisions you’ll make when you file taxes is whether you should itemize your deductions or claim the standard deduction. The standard deduction was nearly doubled by tax reform and is going up again. Even if you’ve always itemized in... Read more

Most small biz owners don’t have backgrounds in finance. However, that doesn’t mean they can afford to avoid the administrative tasks that come with running a company. We face massive variation in the cost of goods and services. A $100 million agency that sends $90 million out the door on... Read more

Property tax is a tax on real estate and sometimes other property which you own. Local governments typically assess property tax. The amount of property tax you owe is largely based on where the property is and how much it is worth. Calculating your property tax Property tax is typically determined... Read more

Making money is only half the battle. Keeping it is the other half. Yet if you read financial sites, far more than 50 percent of the articles are about ways to generate income. Saving money doesn’t make for great headlines, but it’s vital to your long-term success. With that in... Read more

The Tax Cuts and Jobs Act has changed our finances and the profitability of investments. Much of the press coverage around the new rules has been on its drawbacks. However, some positive financial opportunities exist for those who educate themselves and act on new breaks. The new tax law both... Read more

Real estate is a tricky business with a lot of ins and outs that can be hard to understand. Getting informed is the key. Looking for some advice before setting out on your first deal or even after establishing yourself as reputable agent? Consider this advice if you’re in the... Read more

How did Dottie Herman become the richest self-made woman in the U.S. real estate industry? As CEO of Douglas Elliman, she steers the sails of one of the nation’s oldest and largest real estate brokerage firms with approximately $27.4 billion in annual sales volume and a whopping 7,000 real estate agents. From her... Read more