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, deductions, and credits are all things that can reduce how … Read More
Flower Mound Tax Help: These Tax Breaks Could Be Gone in 2018
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
Important Information About IRS Forms 1099
Here is important info about IRS Forms 1099 as they’re arriving in your mailboxes this year: 1. Generally, businesses must issue the forms to any payee (other than a corporation) who receives $600 or more during the year. That’s just the basic rule, but of course there are many exceptions. That’s why you probably get a Form 1099 for every … Read More
Benefits of Cloud Accounting
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 were increasing, profitability was not. At … Read More
Choosing the Right Tax Professional
Choosing a return preparer before the next tax season allows you more time to consider the appropriate options. Doing it early also gives you the chance to find and talk with prospective tax preparers rather than during tax season when they’re most busy. Furthermore, it enables taxpayers to do some wise tax planning for the rest of the year. If … Read More
4 things you should ask before hiring a tax preparer
With a few weeks left before the April 15 tax filing deadline, it’s that dreaded time of year for those who’d rather give the task of preparing their taxes onto someone else. If you’re one of the 60% of tax filers who plan to hand over your tax affairs to a financial professional, here are four questions you should ask … Read More