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Summer isn’t just about sunshine and slower schedules—it’s also the perfect time to optimize your tax strategy. Whether you’re a business owner or a Realtor juggling open houses, these months offer unique ways to reduce your taxable income and improve your cash flow. Here’s how to make the most of... Read more

Why Work with a Strategic Tax Coach? Managing taxes can be a complex and overwhelming task, especially for small business owners, freelancers, and entrepreneurs. A strategic tax coach can make a significant difference in how you handle your tax planning and financial strategy. In this post, we’ll explore the benefits... Read more

Creating wealth is a goal many aspire to, but the strategies to achieve it often remain elusive. Whether you’re an entrepreneur, a freelancer, or an individual looking to secure your financial future, understanding the intricacies of tax planning and wealth management can be transformative. Let’s delve into the amazing secrets... Read more

When Should You Hire a CPA/CTP? If your business is already profitable, hiring a CPA/CTP is one of the best investments you can make. Tax laws are constantly changing, and staying up-to-date on new deductions, strategies, and filings can be overwhelming. Focusing too much on taxes can take you away... Read more

Why Accountants Are Your Most Trusted Advisors Accountants hold a unique position as trusted advisors, bridging the gap between financial expertise and personal trust. Here’s why they’re considered essential allies for both personal and business financial success. 1. Financial Expertise and Knowledge Accountants are experts in navigating complex financial landscapes.... Read more

The economic climate is still reeling from the COVID-19 pandemic. Some 12% of small business owners say financial stability is the most important challenge for them, beaten only by loss profits and attracting new customers. No surprise then that taxes—a bill that arrives at the end of each financial year—is the second-most important problem... Read more

During these times of economic uncertainty, two things remain certain: taxes and a need to save money. (Texas CPA All Stars: More Important Than Ever To Save On Taxes) Unemployment is taxable just like ordinary income. This means that those who receive unemployment benefits will have to pay taxes on... Read more

Early November is a good time to make a checklist and see if you’re doing all you can to reduce your taxes. (Flower Mound Best Accountants: Your Tax Savings) 1. Dump losing investments Tax-loss harvesting is a strategy in which you rack up losses in a taxable brokerage account by... Read more

An unexpected tax bill can ruin your day. To help avoid that unwelcome surprise, here are some easy moves many people can make to cut their tax bills. In many cases, you must itemize rather than take the standard deduction in order to use these strategies. The extra effort may be worth it. (Flower Mound Texas Tax... Read more

As part of an ongoing series on how you can cut business costs, we’re sharing a few more tips. Finding the right balance between what to spend and what to save is what an expert CPA can help you with. (Dallas Tax Advice: Cut Business Costs, Part 2) 1. Align... Read more

Last year brought big changes for millions of Americans. Many lost their jobs or saw their paychecks reduced; others worked remotely from home. Some were forced to drain their retirement accounts to pay the bills; others fortified their savings with stimulus checks. (Dallas Tax CPA: Saving On 2020 Taxes) All of these... Read more

While tax season may be months away, December 31st will be here before you can say “Jingle Bells.” The fourth quarter is the best time for some proactive tax planning to lower your tax bill. With extensions, you may be able to delay filing your 2019 taxes until late 2020. However,... Read more

Believe it or not, Tax Day 2020 is just around the corner. (Flower Mound Tax Savings: Tax Reductions To Make Before 2020) Many of us are scrambling to find last-minute tax deductions before 2019 ends and tax season begins. No need to worry. The new tax law remains in full... Read more

Happy holidays – give yourself the gift of tax savings As we head into the holiday season and New Years, it can pay huge dividends to spend a little time seeing if any year end moves can help you save a lot on taxes. (Flower Mound Tax Consultants: Gift of... Read more

None of us want to pay more in taxes than we have to. Fortunately, the government gives taxpayers lots of ways to reduce their tax bills, with a host of deductions, credits, and other breaks designed to help you manage your taxes effectively. (Flower Mound Accounting: Biggest 2020 Tax Breaks)... Read more

A new year means an entirely different set of tax laws to follow. Thankfully, these changes are all good ones that can put more money in your pocket this year. (Flower Mound CPA All Stars: Tax Changes to Know in 2020) 1. A higher standard deduction…yay Tax filers have two... Read more

When an individual or couple files their taxes, they are usually eligible for at least a few tax breaks. The thing is, deductions and credits aren’t usually applied automatically. In many instances, you have to choose to pursue that tax deduction on your return. If you don’t, then you end up overpaying. (DFW... Read more

Putting money aside for your future is important, but it’s not easy. Trying to find savings to invest can be hard for anyone. (CPA Flower Mound, Texas: Little Known Investor Tax Breaks) To encourage people to save, the federal government offers tax breaks that are specifically available only to investors.... Read more

The Tax Cuts and Jobs Act was the most sweeping overhaul to the United States tax code in decades. In addition to lowering the tax bills for many Americans, the tax reform bill also simplified the tax code. (Dallas CPA Advisors: Best Tax Deductions For You) One of the ways... Read more

Are you getting a tax refund this year? Tax refunds can help maintain the positive momentum for achieving money goals. (DFW Accountant Pros: What To Do With Your Refund) Depending on where you’re at in your financial journey, a tax refund can be a blessing. You can pay down debt... Read more

Many business owners try to save money anywhere they can. As a result, one area they should pay close attention to is tax deductions. Figuring out which business expenses you can deduct from your taxable income can save you big. Therefore, it’s important for small businesses to consult accountants and... Read more

In this day and age we want both flexibility and convenience. We also want to be our own boss. This is why we have seen a steady rise in the numbers of self-employed individuals in the United States. Especially among young millennials who want to be in charge of their... Read more

Even though it’s still early to file your taxes, the sooner you do, the better. (Dallas Tax Consultants: Save With These Tax Tips) The IRS issued more than 111.8 million refunds for the 2018 tax year. Taxpayers received an average payment of $2,869. This year could bring an even bigger... Read more

BUSINESS OWNERS looking to lower their tax burden can take advantage of several money-saving deductions. These include popular deductions for vehicle expenses and home offices. It also includes relatively new qualified business income deduction that will allow some small business owners to write off 20% of their income. (DFW Business Advisors: Tax... Read more