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Are you taking all the tax breaks you’re entitled to? CPAs say you might be able to reduce your tax bill by taking advantage of the many exemptions, deductions, and credits built into the tax code. (Tax Preparation Help: Are You Getting All The Tax Breaks You Deserve?) Tax exemptions,... Read more

Tax filing fraud could reach an all-time high this year, as a result of last year’s Equifax data breach. Millions of names, addresses and Social Security numbers may be compromised, and an identity thief armed with your personal information can file a tax return in your name, and collect a... Read more

If you haven’t filed your 2017 taxes yet, grab your shoebox of receipts and see if you qualify for these deductions. Flower Mound Tax Help: These Tax Breaks Could Be Gone in 2018 By now, you know that the Tax Cuts and Jobs Act has overhauled the tax code, including nearly doubling... Read more

Now that tax season is in full swing, many workers will no doubt be scrambling to get their returns done. That also includes the self-employed. While filing taxes as a salaried employee often means copying down a number from a W-2 and calling it a day, there’s often a whole set... Read more

Being a small business owner is expensive. Every penny counts when entrepreneurs are living on razor-thin margins. But owning and operating a small business is even more expensive when you pay more taxes than you owe. In a survey personal finance expert Garrett Gunderson conducted of his small business-owner clients,... Read more

The Tax Cuts and Jobs Act was signed into law on Dec. 22, 2017. It’s being put into action starting with the 2018 tax year. On the business side of things, the tax bill lowers the corporate tax rate from 35 to 21 percent. This is the lowest rate since 1939. For... Read more

Any new year means more than new diets, gym memberships and other fresh beginnings. It also signals another tax-filing season is knocking. The Internal Revenue Service will begin accepting 2017 tax returns on Jan. 29. The filing deadline this year is April 17 (rather than the typical April 15 due date). And... Read more

As a small business owner you need to be really frugal. Lack of or misuse of capital is one of the main reasons why companies fail . That said, priority number one should be to save money. While some ideas will save more money than others you need to understand... Read more

When January 1 comes, small business owners examine what happened during the past 12 months and decide to start fresh by making business financial resolutions. Resolutions are often easier said than done, however. Many of us have forgotten or dropped our individual New Year’s resolutions by Groundhog Day. Small business owners... Read more

A major tax bill has been passed. In the years ahead many Americans will be paying more than before, while many others will pay less. People in both camps will still want to minimize any sums they pay, so here are some tax tips to help many taxpayers lower their... Read more

Dallas Tax Pro: Year End Tips For A Bigger Refund Have you wondered how much you’ve overpaid in taxes this year? If so, you likely want to do all you can to get as big a refund as you can. As we inch closer to the end of 2017, now... Read more

As the end of 2017 approaches, aspiring entrepreneurs will reassess their situations and consider taking the plunge. It doesn’t happen overnight. Rather, it is a process. Here are some things to consider before taking that first step. Conduct thorough market research Before making any investments, conduct market research to determine... Read more

Let’s take a look at where your small business stands as the year comes to an end. These small business year end tips can help you make sure you’re in good shape financially as you head into the new year. DFW Tax Help: Small Business Year End Tips Take Some... Read more

Most construction businesses will use two different tax-accounting methods: one for their long-term contracts and one generally for everything else. A long-term contract is any contract that is still going on  in the same year it’s started. Cash method of accounting One method that some construction contractors can use for... Read more

As a small business owner, you’ve maybe experienced both good cash flow times and bad. And while the hope is that the tight money periods only pop up rarely, sometimes you’ll need a little (or big) infusion of money to keep going. Flower Mound, TX CPA: Managing Your Small Business... Read more

Let’s say your business has grown to a point where you need to consider hiring a finance manager. Maybe your enterprise is now a middle-market company, big enough to justify giving your “numbers person” a bigger title. But how will you make sure that you’re getting what you need out... Read more

Becoming financially stable so you can live comfortably in retirement is a goal that many small business owners have. Fortunately, according to a recent Wells Fargo/Gallup survey, 82 percent of small business owners said they are currently saving or investing money toward their retirement. 76 percent said they think they’ll... Read more

Just because you might be the best accountant, plumber, or chef in town doesn’t necessarily mean that you have all the skills you need to open a business.  In fact, leadership itself is a skill – a set of behaviors that can be learned and improved upon. Since we can... Read more

For those of you who want to start your own small business on the cheap, but are worried about seemingly insufficient funds, here are a few ways you can become a successful entrepreneur despite an almost non-existent budget. 1. Start With Home. With Apple and Facebook leading the pack, almost... Read more

This time of the year is the “dog days” of summer – sizzling temperatures, a slower pace. Unless you run a seasonal business that benefits from tourism, you’re probably finding that your business is slowing down during this season. The phones aren’t ringing that much. Foot traffic has slowed down.... Read more

The right words of advice can get you closer to a goal. They can also inspire you to be a better leader. Josh Linkner is the author of the best-selling “The Road to Reinvention,” which urges businesses to go beyond the status quo for success, as well as a relatively new... Read more

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