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Dallas Tax Strategy: Prepare For Retirement in 2021

Williams Kunkel
 / 
April 22, 2021
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Retirement Planning
If you want to save more money in this year, you’re definitely not alone. A Fidelity Investments study found that 44% of Americans want to boost their savings. (Dallas Tax Strategy: Prepare For Retirement in 2021) Increasing your retirement savings could be your ultimate money goal this year, as one survey found that 27%... Read more
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Flower Mound Accounting: Biggest 2020 Tax Breaks

Williams Kunkel
 / 
January 2, 2020
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Tax Planning and Preparation
None of us want to pay more in taxes than we have to. Fortunately, the government gives taxpayers lots of ways to reduce their tax bills, with a host of deductions, credits, and other breaks designed to help you manage your taxes effectively. (Flower Mound Accounting: Biggest 2020 Tax Breaks)... Read more
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Flower Mound Accounting Help: Biggest Retirement Mistake

Williams Kunkel
 / 
October 24, 2019
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Tax Planning and Preparation
Without your own savings, you may risk struggling to pay the bills in retirement. That’s why it’s crucial to contribute money to your nest egg throughout your working years. But the type of account in which you house your money could decide how much growth you see on your savings.... Read more
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Dallas Texas CPAs: Make Your Money Last In Retirement, Part 2

Williams Kunkel
 / 
November 8, 2019
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Retirement Planning
Uncategorized
Things will get more expensive as you age. Inflation will erode your buying power, putting pressure on your spending. Having a plan for inflation will help you not run out of money in retirement. (Dallas Texas CPAs: Make Your Money Last In Retirement, Part 2) 1. Make Healthier Choices Being... Read more
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Dallas Tax Savings: Best States For Retiring

Williams Kunkel
 / 
November 14, 2019
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Retirement Planning
Even in retirement you’ll likely owe your fair share of taxes. If your retirement savings are kept in a 401(k) or traditional IRA, you’ll generally have to pay income taxes on your withdrawals each year. You’ll also typically be responsible for federal taxes on your Social Security benefits. Depending on what... Read more
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Dallas Tax Advisor: Retiring As a Business Owner

Williams Kunkel
 / 
June 20, 2019
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Business Advisor Services
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:... Read more
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DFW Tax Advice: Pay Less Taxes In Retirement

Williams Kunkel
 / 
July 4, 2019
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Tax Planning and Preparation
You’ve worked hard throughout your career to save for retirement. Because of this, you want to make the most of your money. However, when planning for retirement, many people don’t consider how taxes will affect their savings. (DFW Tax Advice: Pay Less Taxes In Retirement) If you’re saving in a... Read more
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Flower Mound Tax Advice: Which Retirement Account Is Best For You?

Williams Kunkel
 / 
July 11, 2019
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Money Advice
Believe it or not, you can save for retirement on autopilot. You just have to know how. (Flower Mound Tax Advice: Which Retirement Account Is Best For You?) For most of us, financial experts recommend automatically contributing to an employer-sponsored 401(k) and an IRA. That’s right — it’s not an “either, or”... Read more
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Flower Mound Tax Advice: Retirement Tax Savings

Williams Kunkel
 / 
August 8, 2019
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Tax Planning and Preparation
For people nearing retirement or in retirement, every dollar counts and planning ahead is crucial. That’s especially true for taxes. (Flower Mound Tax Advice: Retirement Savings) Now that 2018 tax returns are done and gone, this is an opportune time to look for 2019 tax savings strategies for retirement. Here... Read more
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Dallas Business Advisors: Stretch Your Retirement Savings

Williams Kunkel
 / 
August 22, 2019
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Money Advice
People are living longer, which means your retirement years are longer, too. But do you have enough money saved up to have a long, healthy retirement? (Dallas Business Advisors: Stretch Your Retirement Savings) Watch out for fees. You’d be flabbergasted to see how much of your retirement can go to... Read more
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Dallas Tax Reduction: Avoiding Social Security Tax

Williams Kunkel
 / 
August 29, 2019
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Tax Planning and Preparation
Even though you’ve been paying Social Security taxes for years, you may not be able to escape Uncle Sam even after you claim benefits in retirement. (Dallas Tax Reduction: Avoiding Social Security Tax) It’s important to understand how taxes affect your benefits. For many of us, Social Security is a significant... Read more
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Dallas Texas CPAs: Make Your Money Last In Retirement, Part I

Williams Kunkel
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September 19, 2019
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Retirement Planning
Many of us worry about running out of money in retirement. That make sense since we don’t know how long we’ll live, what our future costs might be, and what kind of returns we can expect on our savings. (Dallas Texas CPAs: Make Your Money Last In Retirement, Part I)... Read more
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Flower Mound CPA Advisor: Common Retirement Tax Mistakes

Williams Kunkel
 / 
October 10, 2019
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Tax Planning and Preparation
Most soon-to-be and recent retirees don’t think about taxes when heading into retirement. This can be a problem. Don’t worry, if this is you. Keeping taxes at the forefront of your retirement plans will help you not only avoid mistakes, but allow you to take advantage of certain opportunities. (Flower... Read more
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DFW Accountant: Succession Planning

Williams Kunkel
 / 
September 7, 2017
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Money Advice
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
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DFW Tax Help: Small Business Year End Tips

Williams Kunkel
 / 
November 14, 2017
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Uncategorized
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
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When To Sell Your Business

Williams Kunkel
 / 
October 11, 2016
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Business Advisor Services
Uncategorized
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... Read more
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What Millennials Should Do With Extra Cash

Williams Kunkel
 / 
May 2, 2016
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Money Advice
Uncategorized
Some younger people may be holding on to a lot of cash, studies show. Doing so may not be the best option. If you’re lucky enough to have extra cash sitting around, here is some smart financial planning advice on what to do with it: For instance, a survey released this... Read more
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Knowing When to Sell Your Business

Williams Kunkel
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October 2, 2015
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Business Advisor Services
Uncategorized
Many business owners have the mistaken idea that retiring from their business will be a pretty simple process… …they’ll just find a buyer when they’re ready to retire and live off the proceeds of the sale for the rest of their lives. In an ideal world, this would be true.... Read more
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5 great strategies to help you this tax season

Williams Kunkel
 / 
March 12, 2015
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Tax Planning and Preparation
Uncategorized
Knowledge is power, but what if you don’t have time to find out what you need to know about how to save on your taxes? Williams & Kunkel, CPAs, LLP offers the following tax strategies that could truly help you and your family this tax season: 1. Take tax deductions... Read more