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Featured image for DFW CPA Tax Pro: Painless Cash-Saving Tips

DFW CPA Tax Pro: Painless Cash-Saving Tips

Williams Kunkel
 / 
August 27, 2020
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Money Advice
Many of us have more time than cash nowadays. If this includes you, then make the most of your free time by making smart financial moves. (DFW CPA Tax Pro: Painless Cash-Saving Tips) If you have time but no money, it’s time to become the best version of yourself. What... Read more
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Dallas Tax Reduction: Saving More Income

Williams Kunkel
 / 
September 24, 2020
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Money Advice
If you already have some kind of emergency fund, have paid off high-interest debt, and are maxing out your tax-advantaged accounts, a congrats is in order! You’ve already developed good savings habits that lay the foundation for financial freedom. (Dallas Tax Reduction: Saving More Income) When you’re saving at least 20% of your... Read more
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DFW Tax Reduction Experts: Saving Money During Tough Times

Williams Kunkel
 / 
October 8, 2020
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Money Advice
Having a good savings plan can keep you afloat even when times are changing. (DFW Tax Reduction Experts: Saving Money During Tough Times) Here are things to think about to simplify your spending: Create separate spending accounts for monthly costs If you look at your bank balance and see $1,000... Read more
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Flower Mound Best Accountants: Your Tax Savings

Williams Kunkel
 / 
November 5, 2020
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Tax Planning and Preparation
Early November is a good time to make a checklist and see if you’re doing all you can to reduce your taxes. (Flower Mound Best Accountants: Your Tax Savings) 1. Dump losing investments Tax-loss harvesting is a strategy in which you rack up losses in a taxable brokerage account by... Read more
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Flower Mound Texas Tax Reduction: Cutting Your Bill

Williams Kunkel
 / 
December 4, 2020
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Tax Planning and Preparation
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... Read more
Featured image for Dallas Tax Advice: Cut Business Costs, Part 2

Dallas Tax Advice: Cut Business Costs, Part 2

Williams Kunkel
 / 
January 28, 2021
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Tax Planning and Preparation
As part of an ongoing series on how you can cut business costs, we’re sharing a few more tips. Finding the right balance between what to spend and what to save is what an expert CPA can help you with. (Dallas Tax Advice: Cut Business Costs, Part 2) 1. Align... Read more
Featured image for Flower Mound Business Tax Reduction: Your 2020 Bill Can Still Be Cut Down

Flower Mound Business Tax Reduction: Your 2020 Bill Can Still Be Cut Down

Williams Kunkel
 / 
February 25, 2021
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Real Estate Tax Help
Business owners can establish SEPs for major tax savings If you work for yourself and have not yet set up a tax-favored retirement plan for yourself, you can establish a simplified employee pension (SEP). (Flower Mound Business Tax Reduction: Your 2020 Bill Can Still Be Cut Down) Unlike other types... Read more
Featured image for Dallas Tax CPA: Saving On 2020 Taxes

Dallas Tax CPA: Saving On 2020 Taxes

Williams Kunkel
 / 
March 26, 2021
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Tax Planning and Preparation
Last year brought big changes for millions of Americans. Many lost their jobs or saw their paychecks reduced; others worked remotely from home. Some were forced to drain their retirement accounts to pay the bills; others fortified their savings with stimulus checks. (Dallas Tax CPA: Saving On 2020 Taxes) All of these... Read more
Featured image for Year-End Tax Moves For Successful Business Owners

Year-End Tax Moves For Successful Business Owners

Williams Kunkel
 / 
December 5, 2019
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Tax Planning and Preparation
While tax season may be months away, December 31st will be here before you can say “Jingle Bells.” The fourth quarter is the best time for some proactive tax planning to lower your tax bill. With extensions, you may be able to delay filing your 2019 taxes until late 2020. However,... Read more
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Flower Mound Tax Savings: Tax Reductions To Make Before 2020

Williams Kunkel
 / 
December 12, 2019
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Tax Planning and Preparation
Believe it or not, Tax Day 2020 is just around the corner. (Flower Mound Tax Savings: Tax Reductions To Make Before 2020) Many of us are scrambling to find last-minute tax deductions before 2019 ends and tax season begins. No need to worry. The new tax law remains in full... Read more
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Flower Mound Tax Consultants: Gift of Tax Savings

Williams Kunkel
 / 
December 19, 2019
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Tax Planning and Preparation
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... 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 CPA All Stars: Tax Changes to Know in 2020

Williams Kunkel
 / 
January 9, 2020
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Tax Planning and Preparation
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... Read more
Featured image for Dallas CPA Advisors: Best Tax Deductions For You

Dallas CPA Advisors: Best Tax Deductions For You

Williams Kunkel
 / 
January 30, 2020
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Tax Planning and Preparation
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... Read more
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DFW Accountant Pros: What To Do With Your Refund

Williams Kunkel
 / 
February 6, 2020
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Tax Planning and Preparation
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... Read more
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Dallas Tax Savings: Super Business Write Offs

Williams Kunkel
 / 
February 13, 2020
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Tax Planning and Preparation
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... Read more
Featured image for Dallas Tax Consultants: Save With These Tax Tips

Dallas Tax Consultants: Save With These Tax Tips

Williams Kunkel
 / 
March 5, 2020
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Tax Planning and Preparation
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... Read more
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DFW Business Advisors: Tax Deductions For Successful Businesses

Williams Kunkel
 / 
March 13, 2020
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Tax Planning and Preparation
BUSINESS OWNERS looking to lower their tax burden can take advantage of several money-saving deductions. These include popular deductions for vehicle expenses and home offices. It also includes relatively new qualified business income deduction that will allow some small business owners to write off 20% of their income. (DFW Business Advisors: Tax... Read more
Featured image for DFW Business Tips: Saving Money on Insurance

DFW Business Tips: Saving Money on Insurance

Williams Kunkel
 / 
May 14, 2020
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Money Advice
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)... Read more
Featured image for Flower Mound Tax Consultant: Don’t Miss This Savings Account

Flower Mound Tax Consultant: Don’t Miss This Savings Account

Williams Kunkel
 / 
November 3, 2019
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Tax Planning and Preparation
As you choose your benefits for 2020, don’t look past a key saving account that could beat your 401(k) plan — at least in tax terms. (Flower Mound Tax Consultant: Don’t Miss This Savings Account) This year, nearly 3 in 10 employers who offer workplace benefits provided a high-deductible health... 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
Featured image for Flower Mound Tax Consulting: Year-End Business Tips

Flower Mound Tax Consulting: Year-End Business Tips

Williams Kunkel
 / 
November 21, 2019
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Small Business Accounting
With year-end rapidly approaching, this is the time to take steps to cut your 2019 business tax bill. (Flower Mound Tax Consulting: Year-End Business Tips) Establish tax-favored retirement plan If your business doesn’t already have a retirement plan, now might be the time to take the dive. Our current tax... Read more
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Flower Mound Tax Pros: How Charitable Planning Can Save You Money

Williams Kunkel
 / 
July 25, 2019
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Real Estate Tax Help
Since the 2017 Tax Cuts and Jobs Act, donors should contemplate whether charitable planning will provide an immediate or future benefit. (Flower Mound Tax Pros: How Charitable Planning Can Save You Money) With that said, here are five charitable planning options that can save you money on taxes in 2019... Read more
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Flower Mound Tax Advice: Retirement Tax Savings

Williams Kunkel
 / 
August 8, 2019
 / 
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