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
Time to Check Tax Withholding
Income tax is often withheld from wages and other types of income such as pensions, bonuses, commissions and gambling winnings. Ideally, taxpayers should try to match their withholding with their actual tax liability. If not enough tax is withheld, they will owe tax at the end of the year and may have to pay interest and a penalty. If too … Read More
Year-End Tax Planning Tips
Got your year-end tax planning underway for December 31, 2015? WE UNDERSTAND that year-end can be a drudge because it means making sure your business accounts are up to date and in order. But don’t leave it until the last minute. No decision, or rushed decisions, can lead to the wrong outcome and cost you more in taxes. Here are … Read More
6 easy ways to prepare for April 15 next year
Many surprises could arise from now until next April 15, including life changes and new tax laws. Right now is the best time to create a system that better organizes your taxes and gets you a head start on next year’s filing. IRS offers some handy advice on how to do just that: Life events may change the amount of … 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
Williams & Kunkel, CPAs LLP client case study Jesse James Fit
Just as the before and after images on the website show the amazing transformations of their clients… So too has local business Jesse James Fit in Flower Mound experienced its own metamorphosis. Office Manager Maddie and Administrative Assistant Sally provided some valuable insight on the weight loss center and elite training studio’s journey from start up to fully fledged enterprise. … Read More