Blog

Sometimes it’s very challenging to grow a business while also saving your small business money. The more business you’re able to get, the more resources you mostly likely need to satisfy your clients. But in order to increase profits, you have to learn how to grow revenue while keeping your expenses... Read more

With the new emphasis on ‘startup culture’ and the different business philosophies it implies, plus millennials placing a strong emphasis on workplace enjoyment, many companies are looking more closely at their own office culture. While there are many factors that comprise a company culture, an undeniably large part of it is... Read more

With the summer vacation season coming soon, you’re probably already dreaming of pristine beaches, family reunions or mountain hikes. But for many people, those dream vacations stay just that — dreams— due to lack of funds. However, you still have time to start save up for summer vacation with a... Read more

Before choosing an accountant to handle the nuts and bolts of your business’s numbers, first you might want to interview the accountant and found out how they conduct their own business matters. We visited this topic in a more general overview in the past, but this time let’s take a... Read more

“Show Me The Money!” Every business owner at one time or another has had this phrase or a version of it pass through their mind when brainstorming ways to find small business success. If you’re one of them, check off your business against these six critically important questions: Do you... Read more

You may have the greatest product ever, but if you don’t tell the world about it with a well-crafted promotions plan, it will sit on the shelves collecting dust until the day comes when you finally have to close down your business. Remember: you know what is great about your business... Read more

Running a business without a strong business plan is like rock climbing blindfolded. Your chances of making it successfully to the top are slim. And the climb up will definitely be risky. Contrary to popular belief and practice, a business plan is not only a means to securing financing. Instead... Read more

Sometimes, having a great idea or product is not enough to get customers in the door. But small business promotion doesn’t have to be a costly endeavor. There are a number of effective and free ways to get people excited about what you have to offer. Here are five great... Read more

Small business owners want to know how to increase their small business earnings. The good news is there are many ways to make more money. This includes managing every aspect of your practice and striving for productivity growth.      Here is a checklist with 34 ways you can make more... Read more

It is only to be expected that business owners make financial mistakes which can jeopardize their dreams. Here are four of the most common small business mistakes and how business owners can avoid them. Failing to plan Few small businesses have a working budget and cash flow forecast which is... Read more

An expected 75,000,000 millennials are preparing to join or joining the workforce. These can be very good employees. Managing your millennial employees in a fun, yet structured setting will let you build the foundation for the superior workforce you desire. Here are some tips on how to best manage millennial... Read more

Working at home affords you loads of freedom, but it also presents a different set of challenges that could stand in the way of productivity. Want to stay focused while working at home? These are helpful strategies that keep you on the ball while enjoying the comforts of home. Find... Read more

The Best of Denton County Nomination Period is almost over. If you haven’t already, show your support for Williams & Kunkel CPAs and nominate us today!  Best of Denton County is a great way to promote and support local businesses. By nominating a business, you will help send them on... Read more

Stephen runs a construction business specializing in large basements and car parks. The business has been established for 25 years and has grown steadily, with revenue now into eight figures. Unfortunately, the profit margins are very slim and last year, Stephen’s business barely broke even and he was unable to... Read more

Mary runs a small digital marketing agency with a small team, serving business clients seeking to optimize their potential customers’ experience in interacting with their websites and social media platforms. As the business started to grow, Mary had neglected the financial aspect of her business and found that although sales... Read more

David, the sole practitioner of a law firm, found that his revenue had stagnated and he was constantly facing cash flow problems. David was jolted into action by an honest conversation with his CPA, who asked him how many hours he worked in his firm each year. The lawyer estimated... Read more

Jesse James Fit client and Flower Mound CPA Beth Williams, Managing Partner at Williams & Kunkel CPAs, placed as a newcomer in the Masters Bikini Division at The National Physique Committee JTF Physique Championships held in Irving on September 26 , 2015. Beth shed the image of what everyone imagines to... Read more

A new list of the world’s wealthiest people is here, and it’s really no surprise who claimed the number one spot. Bill Gates, Microsoft co-founder and one of the richest people in history, once again comes out on top, with a net worth of $87.4 billion. Wealth-X, a wealth-tracking website,... Read more

The key, as with hiring any professional, is to ask lots of questions. And not just about how much it’s going to cost. Lots questions also apply when hiring a tax preparer. Here’s a list of 10 questions you should ask before hiring a tax preparer: Do you have a... Read more

Scammers are preying on unsuspecting taxpayers. Most of these tax scams are obvious . None the less, taxpayers continue to fall victim to scammers every day. Here’s a few simple facts that will protect you from the vast majority of scams: 1) Phone calls, text messages, & emails claiming to be from... Read more

Do You Owe the IRS? Not everyone gets a refund. Many taxpayers owe money. It is important to make sure you file timely even though you may not have the money to pay to avoid late filing penalties. There are a number of ways to pay your tax:  Check or money order... Read more

Are your social security benefits taxable income? Social security benefits include monthly retirement, survivor, and disability benefits. If you received Social security benefits in 2015, you should receive a Form SSA-1099, Social Security Benefit Statement, which will show the amount. If Social Security was your only source of income in... Read more

If you are having trouble paying your bills, it is important to take action sooner rather than later to improve your financial health. Doing nothing leads to problems in the future, whether it’s a bad credit record or bankruptcy resulting in the loss of assets and even your home. If... Read more

The IRS is developing a “Future State” plan that it says will transform the way the service interacts with taxpayers. Many parts of the plan may ease the processing of filing returns, the issuing of refunds, and the identification and resolution of problems. But the Tax Advocate Service – an independent... Read more