An unexpected tax bill can ruin your day. To help avoid that unwelcome surprise, here are some easy moves many people can make to cut their tax bills. In many cases, you must itemize rather than take the standard deduction in order to use these strategies. The extra effort may be worth it. (Flower Mound Texas Tax Reduction: Cutting Your Bill) 1. Tweak your W-4 The W-4 … Read More
DFW Business Tips: Saving Money on Insurance
The coronavirus has forced millions of people to shelter in place, closing thousands of businesses and leading many to institute work-from-home policies. For an even greater number of small companies — retailers, restaurants and others — this has meant layoffs and job loss. (DFW Business Tips: Saving Money on Insurance) Regardless of how long the impact of the global pandemic … Read More
Dallas Tax Consultants: Save With These Tax Tips
Even though it’s still early to file your taxes, the sooner you do, the better. (Dallas Tax Consultants: Save With These Tax Tips) The IRS issued more than 111.8 million refunds for the 2018 tax year. Taxpayers received an average payment of $2,869. This year could bring an even bigger windfall for those who play their cards right. Here are … Read More
Dallas Tax Savings: Super Business Write Offs
Many business owners try to save money anywhere they can. As a result, one area they should pay close attention to is tax deductions. Figuring out which business expenses you can deduct from your taxable income can save you big. Therefore, it’s important for small businesses to consult accountants and CPAs to ensure they’re maximizing their financial options. What are … Read More
DFW Accountant Pros: What To Do With Your Refund
Are you getting a tax refund this year? Tax refunds can help maintain the positive momentum for achieving money goals. (DFW Accountant Pros: What To Do With Your Refund) Depending on where you’re at in your financial journey, a tax refund can be a blessing. You can pay down debt or tuck away some cash for the future. If you’re … Read More
Dallas CPA Advisors: Best Tax Deductions For You
The Tax Cuts and Jobs Act was the most sweeping overhaul to the United States tax code in decades. In addition to lowering the tax bills for many Americans, the tax reform bill also simplified the tax code. (Dallas CPA Advisors: Best Tax Deductions For You) One of the ways the tax code is simpler is that there are fewer … Read More
CPA Flower Mound, Texas: Little Known Investor Tax Breaks
Putting money aside for your future is important, but it’s not easy. Trying to find savings to invest can be hard for anyone. (CPA Flower Mound, Texas: Little Known Investor Tax Breaks) To encourage people to save, the federal government offers tax breaks that are specifically available only to investors. Taxpayers who put them to full use can cut their … Read More
Flower Mound CPA All Stars: Tax Changes to Know in 2020
A new year means an entirely different set of tax laws to follow. Thankfully, these changes are all good ones that can put more money in your pocket this year. (Flower Mound CPA All Stars: Tax Changes to Know in 2020) 1. A higher standard deduction…yay Tax filers have two choices when filling out their yearly returns: They can take … Read More
Flower Mound Accounting: Biggest 2020 Tax Breaks
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) There are countless provisions that can help taxpayers, but most of the … Read More
Flower Mound Tax Consultants: Gift of Tax Savings
Happy holidays – give yourself the gift of tax savings As we head into the holiday season and New Years, it can pay huge dividends to spend a little time seeing if any year end moves can help you save a lot on taxes. (Flower Mound Tax Consultants: Gift of Tax Savings) Build a sound plan This simple step can … Read More