Dallas CPAs: Bringing Joy To Tax Time

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Dallas CPAs: Bringing Joy To Tax Time

Few things bring a business owner’s blood pressure up like the thought of tax time. Between the receipts to go through, the surprise of what they will owe, and the hours it takes to gather annual income information, it’s just not a fun prospect for most business owners. But as aCPA, I know it doesn’t have to be like that. … Read More

DFW Tax Strategy: Save Taxes Right Now

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DFW Tax Strategy: Save Taxes Right Now

1. Figure out whether it makes sense to itemize One of the most important decisions you’ll make when you file taxes is whether you should itemize your deductions or claim the standard deduction. The standard deduction was nearly doubled by tax reform and is going up again. Even if you’ve always itemized in the past, don’t assume you’re going continue doing so in … Read More

DFW Tax Strategy: How Small Businesses Can Hold Onto Money

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DFW Tax Strategy: How Small Businesses Can Hold Onto Money

Most small biz owners don’t have backgrounds in finance. However, that doesn’t mean they can afford to avoid the administrative tasks that come with running a company. We face massive variation in the cost of goods and services. A $100 million agency that sends $90 million out the door on projects can’t afford to pay $15 million in salaries. Rent, … Read More

Real Estate Tax Experts: Property Tax Tips

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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

Dallas CPAs On Best Ways to Preserve Wealth

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Dallas CPAs On Best Ways to Preserve Wealth

Making money is only half the battle. Keeping it is the other half. Yet if you read financial sites, far more than 50 percent of the articles are about ways to generate income. Saving money doesn’t make for great headlines, but it’s vital to your long-term success. With that in mind, let’s discuss a few important ways that can help … Read More

Real Estate CPA: How Investing Can Help Save You Taxes

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Real Estate CPA: How Investing Can Help Save You Taxes

The Tax Cuts and Jobs Act has changed our finances and the profitability of investments. Much of the press coverage around the new rules has been on its drawbacks. However, some positive financial opportunities exist for those who educate themselves and act on new breaks. The new tax law both protects some crucial breaks and provides new ones. Some of … Read More