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 the standard deduction, doing away with personal exemptions and trimming … Read More
Flower Mound Business Advice: Freelancer Tax Tips
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 of complication tacked on to the process for self-employed individuals. … Read More
DFW Tax Prep: Top Ten Tax Tips
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, approximately 93 percent of them had overpaid over the past dozen years. … Read More
Flower Mound Business Coach: Invest Tax Savings Into Your Business
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 pass-through businesses — which many small businesses are — the … Read More
DFW Business Advisor: Who Should Prepare Your Taxes This Year?
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 don’t worry about all those tax law changes you’ve been … Read More
Flower Mound Tax Pros: Ways To Save Your Small Business Money
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 that every little bit counts. If it saves money it’s … Read More
Dallas Business Advice: New Year’s Small Business Resolutions
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 often vow to examine their operations from the past year … Read More
Texas Tax Advice: Tips To Save Tax Money
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 bills.Note that many of these actions can be taken throughout … Read More
Dallas Tax Pro: Year End Tips For A Bigger Refund
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 is the time to review what moves to make. Take … Read More
DFW Business Advice: Starting A Small Business Next Year?
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 if there really is an opportunity to turn the idea … Read More