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 of working with a strategic tax coach and how it … Read More
Tax Savings Tips for Realtors (Part 1)
Tax Savings Tips for Realtors (Part 1) Realtors often have unique financial situations due to the nature of their work, which can include fluctuating income, numerous business expenses, and self-employment taxes. Here are some tailored tax-saving tips for realtors to help them keep more of their hard-earned money: 1. Maximize Business Deductions As a realtor, you can deduct many business-related … Read More
Saving on Taxes After Tax Day: A Guide For Business Owners
For business owners, Tax Day isn’t just a deadline. Quite the opposite, it’s an opportunity to reflect on financial health and plan for the future. That said, now that Tax Day has passed, let’s shift gears and focus on saving money/maximizing profits for the rest of the year. (Saving on Taxes After Tax Day: A Guide For Business Owners) Whether … Read More
DFW Realtor Tax Advisors: Deductions For Realtors
As part of our continued efforts to help realtors save on their taxes, we’ve compiled a list of some more commonly used deductions. (DFW Realtor Tax Advisors: Deductions For Realtors) Since realtors are self-employed sole proprietors, they are eligible for the same deductions as other self-employed business owners. Allowable tax deductions you need to know Take advantage of every tax … Read More
Texas CPA All Stars: More Important Than Ever To Save On Taxes
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 those benefits. For those who fall into the 12% tax … Read More
Dallas Tax Advisor: Retiring As a Business Owner
Business owners and gig economy workers may enjoy their freedom and often benefit from more flexibility. But, they miss out on the retirement plans and contributions that many full-time workers receive. So, how should a small business owner plan for retirement in the absence of company-sponsored plans? (Dallas Tax Advisor: Retiring As a Business Owner) What is the biggest challenge … Read More
Business CPA: The Perfect Work Schedule
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 to handle the workload during each shift. But if you … Read More
Real Estate Tax Experts: Property Tax Tips
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 by multiplying the value of the property by a tax … Read More
Dallas CPAs On Best Ways to Preserve Wealth
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 mind, let’s discuss a few important ways that can help … Read More
Real Estate CPA: How Investing Can Help Save You Taxes
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 protects some crucial breaks and provides new ones. Some of … Read More