Blog

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... Read more

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... Read more

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... Read more

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... Read more

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... Read more

Beth Williams, co-owner of Flower Mound, TX accounting firm Williams & Kunkel, CPAs, explains the new directions our business is taking. As part of our commitment to serving small business owners, we’ve spiffed up our website and outlined our mission. Take a look. We think you’ll find as inspiring and... Read more

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... Read more

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... Read more

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... Read more

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... Read more

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... Read more

With the tax filing deadline soon, many people are already scrambling to gather their paperwork and get their returns in before it’s too late. Here are some last minute tax expert advice for those of you filing your taxes. This tax expert advice from a certified public accountant can reduce... Read more

Are you stressed about your business taxes and looking for a tax consultant? You are not alone. Tax season stress doesn’t have to be an annual occurrence. Here are some of the causes of the stress and the things you can do to cure your tax preparation stress: MONEY =... Read more

How important is accountability to the success of a company? Without it, a company cannot improve its performance. If each team member feels invested in the success of the business they are a part of, the sky is truly the limit.  As part of our business coach advice, let’s point... Read more

The goal of any tax policy should be pretty simple: raise the required revenue to pay for whatever government actually—minimally—needs to do. And the government should do those things as fairly and neutrally as possible. What do the new tax plan changes propose to do and what kind of trends... Read more

Can you remember back when you first started your business? You were so excited about your business and the success it would achieve. Remember? And you got butterflies in your stomach when you were working out business plans? But then something changed. Maybe it didn’t go the way you planned.... Read more

Most of you probably know that breaking tax rules, even if on accident, can bring serious consequences like an audit, but you should know your important taxpayer rights as well. Below we’re outlining what your rights are in case you run into a problem with the IRS.  Important Taxpayer Rights The... Read more

Some hair salon owners worked with their CPA to create an effective low-cost marketing campaign which targeted lapsed and new customers to increase sales.  The campaign was traditional but still very effective, another example of how small business CPA advice really can improve growth.  About The Client They run a... Read more

Here is important info about IRS Forms 1099 as they’re arriving in your mailboxes this year: 1. Generally, businesses must issue the forms to any payee (other than a corporation) who receives $600 or more during the year. That’s just the basic rule, but of course there are many exceptions.... Read more

For an estimated 153 million Americans, January means the beginning of tax season. The official kickoff is Monday, January 23. If reminders about tax time make you want to hit the snooze button until spring, lend your ears. Putting off your taxes can make you a mess come April 18,... Read more

Four Roads to a Thriving Business According to most people, there are only four ways to grow your business: Increase the number of customers Get them coming back more often Increase the average spend Improve the effectiveness of every business process For instance, a local art gallery worked with their... Read more

As the end of the year gets closer, unfortunately it’s time to think about taxes and make some moves. The tax season may seem far off, but this is the time of year to get the ball rolling. Let’s look at some easy steps to take that could help you... Read more

The IRS has announced the launch of a new online tool to help taxpayers. This new IRS.gov tool allows taxpayers to view their tax account balance online. The balance includes any amount owed for tax, as well as penalties and interest for each tax year. Once you look at your balance, you... Read more

Don’t worry about chasing the dream of having a 7 figure income. Start more reasonably. Try to focus on building a 4 figure income first. To Be Clear Yeah, 4 figures might not be a huge amount of money to you. You can’t buy a mansion with it. But 4... Read more