Flower Mound Tax: New Small Business Tax Code

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Flower Mound Tax: New Small Business Tax Code

Tuesday is Tax Day, the last day to file income taxes for the 2017 income tax season. The old tax code was replaced by the tax cut legislation passed by Congressional Republicans late last year. This seems like a good opportunity to reiterate the tax changes for the country’s 29 million small business owners. New Tax Structures The new tax … Read More

Flower Mound Tax Help: These Tax Breaks Could Be Gone in 2018

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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

DFW Tax Prep: Top Ten Tax Tips

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Dallas Tax Preparation: File Taxes Without A Hitch

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

Texas Tax Advice: Tips To Save Tax Money

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DFW Tax Prep: Top Ten Tax Tips For 2018 To Help Your Small Business

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

Small Construction Business Accounting Tips

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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 both generally and specifically for their long-term contracts is the … Read More

Tax Errors You Can Avoid This Year

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DFW Tax Advice: Why You Might Not Get a Refund This Year

Taxes are hard and stressful enough to do without making avoidable errors. Before clients file, they should double check to make sure they don’t make the following tax errors. We often hand out this checklist to clients to avoid mistakes in advance. Not signing the return (if you file paper copies) Number transposition and spelling errors Unchecked or unanswered questions … Read More