Improve your business bookkeeping – start with your check book

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Tax Advice for Business Startup

Managing good business books isn’t something you should only do as a tax-saving strategy It also gives you peace of mind, ensuring you haven’t mixed up funds or miscoded data entries that require a lot of reversal work or resolution by your accountant. Here are four important reasons why maintaining a separate check book and sets of records for each … Read More

Is your business planning suffering from SPOTS Syndrome?

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DFW CPA Tax Accountant - Business Tax Services | Williams & Kunkel CPA

SPOTS Syndrome is proof that an organization’s strategic planning process is a waste of time and resources. Too many business’ strategic plans are still hit by ‘Strategic Plans On Top Shelf’ or SPOTS Syndrome. Here we look at three key areas that continue to foil strategic planning if not dealt with effectively: 1. Symptom: Conducting business-as-usual post-planning One of the … Read More

6 great tips to nailing your goals

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DFW CPA Tax Accountant - Business Tax Services | Williams & Kunkel CPA

Successful entrepreneurs reach unbelievable goals all the time Here are six great tips to help you attain even your most lofty goals: Walk before you run. Reaching any goal, even a simple one, requires a lot of self-discipline and a go-getter attitude. Start by accomplishing the easy goals first before you tackle the more daunting ones. Elephant burgers. Ever heard … Read More

5 essentials for QuickBooks users

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DFW CPA Tax Accountant - Business Tax Services | Williams & Kunkel CPA

Tips for better use of lists, templates, and integrated modules from your Certified QuickBooks Pro Advisors 1. Sense-check your QuickBooks reporting set up If the data presented in your QuickBooks reporting doesn’t make sense or is erroneous, seek our professional help in fine-tuning and correcting it. 2. Properly understand the features and flow of transactions When you use QuickBooks’ templates … Read More

6 ways to avoid an IRS audit

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DFW CPA Tax Accountant - Business Tax Services | Williams & Kunkel CPA

Like so many things in life, the tax-filing process has become less ‘human’ and more automated. That means all you need to do is type one key wrong on your computer, and you could be an IRS person of interest. And, with the increase of ‘robo-audits,’ it’s becoming more important to leave no guesswork on your returns, because computers are … Read More

Tax season record-keeping stressing you out?

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Flower Mound Accounting: Last Minute Tax Tips

For most of us, tax season means taking that annual trip to ‘the abyss’ That place where filing cabinets, storage containers and even shoeboxes overflow with dusty receipts, insurance records and old tax returns. Considering the sheer volume of record-keeping required by individuals and business owners, here are four tips on which records to keep and for how long: 1. … Read More