For those who wish to file by April 17, the pressure begins to build around now. Before the race gets heated here shortly, you may want to learn how last year’s tax reform changed things. You’ll be dealing with some of the biggest changes in a generation, so prepare. Besides fundamental restructuring like the elimination of exemptions, there are more … Read More
DFW Tax Advice: Why You Might Not Get a Refund This Year
Tax season is here. If you’re like many people, you may look forward to receiving a sizable income tax refund each year. You might even have plans for how you’ll spend the money before the refund ever shows up. Unfortunately, for some taxpayers, the refund they anticipate will never arrive. Just because you received a refund last year (or even … Read More
Flower Mound CPA: Where’s My Refund?
Early February is one of the busiest times for people doing their taxes. Are you someone who can’t wait to get your hands on your refund? Well, we can tell you how soon you will probably get that refund. The tax reform law officially kicked in on January 1, 2018. The taxes you file from January through April 15, 2019 … Read More
Real Estate Tax Experts: Property Tax Tips
Property tax is a tax on real estate and sometimes other property which you own. Local governments typically assess property tax. The amount of property tax you owe is largely based on where the property is and how much it is worth. Calculating your property tax Property tax is typically determined by multiplying the value of the property by a tax … Read More
Flower Mound Tax Help: What To Do With Your Refund
Refund season is here! Last year, nearly eight out of 10 people received a tax refund worth an average of $2,895, according to the IRS. If that average holds up this year, many taxpayers will once again get a nice check from Uncle Sam. CPA experts have some advice on how to spend your tax refund: 1: Start an emergency … Read More
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 Accounting: Last Minute Tax Tips
In case you weren’t aware, this year’s tax filing deadline is rapidly approaching. You have until April 17 to submit your 2017 return. If you’ve been procrastinating, it’s time to get moving. Here are some tips to help from experienced pros: 1. Decide whether you’ll be itemizing Though itemizing on a tax return is more involved than claiming the standard deduction, it … Read More
Dallas Tax Preparation: File Taxes Without A Hitch
With tax penalties in place that could be as much as 5% a month, filing your taxes late as a business owner can be costly. To make sure you meet the tax deadline this year and every year going forward, you need to stay organized and spend the time it takes to get your tax documents in order early on. This will … Read More
75028 CPAs: How To Stretch a Tax Refund
While it can be tempting to splurge money on something, saving some of it could be a smarter move over the long run. Here some ways that taxpayers with a household income of less than $75,000 can put that refund to good use. 1. Build up your rainy day fund Experts recommend having at least six months’ worth of savings … Read More
DFW CPA: Lower Taxes For Small Business
Minimizing taxes may be the difference between a profitable business and one that is just getting by. You all are probably thinking: “I don’t have extra time do deal with taxes.” Here are seven ways you can tame the stress of small business taxes and hopefully put a little (or a lot) more money back in your pockets. 1. Tax Software Is … Read More