When To Sell Your Business

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Small Business Coach: Know Your Clients First

When to Sell One of the questions we often ask our clients is “When do you plan to sell your business?” We get all sorts of responses, ranging from “I’ve no intention of selling it” to “We think the boys will take it over, but we’re not sure” to “I’d sell it tomorrow if I could!” Whatever the response, what … Read More

IRS Tips for Hurricane Preparedness

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DFW CPA Tax Accountant - Business Tax Services | Williams & Kunkel CPA

As Hurricane Matthew looms off the Southeastern US coast, the IRS is offering some advice for protecting financial documents and information. In the case of a federally declared disaster, the IRS operates a toll-free number – (866) 562-5227 – staffed by IRS employees specially trained to deal with hurricane disasters. Other tips include: Emergency plan. Have one for homes and … Read More

Money Saving Tips for Couples

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small business consulting Flower Mound, Dallas, Fort Worth

1. Rethink date night How often do the two of you have a date night? Some couples have a weekly date night during which they go out to a fancy restaurant, order drinks and then maybe go to a movie or bowling. An evening like that can quickly add up to more than $100. If you want to save money as … Read More

A New Tax Notice Scam

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Dallas Tax Pro: Tax Scams To Watch For This Year

The Internal Revenue Service is letting tax professionals and taxpayers know about a new scam involving fake CP2000 notices that are being sent to unsuspecting taxpayers, billing them for unpaid taxes related to the Affordable Care Act. The IRS is issuing the alert in conjunction with its partners in the Security Summit initiative, in which the IRS has been teaming … Read More

Best of Denton County Runners Up

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DFW CPA Tax Accountant - Business Tax Services | Williams & Kunkel CPA

The Best of Denton County results are in! Williams & Kunkel CPAs were runners up in the Best CPA firm in Denton County for the second year in a row! Best of Denton County is a great way to promote and support local businesses. By voting for a business, you show your community how important small businesses are. That’s why we … Read More

Deducting Your Car As a Business Expense

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car tax deductions

Whether you’re self-employed or an employee, if you use a car for business, you get the benefit of tax deductions. There are two choices for claiming deductions: Deduct the actual business-related costs of gas, oil, lubrication, repairs, tires, supplies, parking, tolls, drivers’ salaries, and depreciation. Use the standard mileage deduction in 2016 and simply multiply 54 cents by the number … Read More

Tax Status for Newlyweds

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Married tax status - DFW CPA Tax Accountant - Business Tax Services | Williams & Kunkel CPA

Getting married changes your tax status. Being aware of a few key things can help you avoid trouble come tax time. If you and your partner were married anytime in 2016, the IRS considers you to be married for the full year, so you both should adjust your tax withholding with your employers. A two-earner couple may end up in a … Read More