DFW Accountant Advice: Reduce Your Taxes Owed

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DFW Accountant Advice: Reduce Your Taxes Owed

Not every tax strategy will apply to your situation or yield benefits that justify the time, risk, or cost. To avoid any unintended consequences, develop your planning strategy with your tax and financial advisor or CPA. By keeping the focus on your entire situation and goals, work to prevent the tax-tail from wagging the dog. (DFW Accountant Advice: Reduce Your … Read More

Flower Mound CPA Advisor: Common Retirement Tax Mistakes

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Flower Mound CPA Advisor: Common Retirement Tax Mistakes

Most soon-to-be and recent retirees don’t think about taxes when heading into retirement. This can be a problem. Don’t worry, if this is you. Keeping taxes at the forefront of your retirement plans will help you not only avoid mistakes, but allow you to take advantage of certain opportunities. (Flower Mound CPA Advisor: Common Retirement Tax Mistakes) Mistake #1: Not … Read More

DFW Tax Pros: Save Your Business Money

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DFW Tax Pros: Save Your Business Money

How did you feel about making more money? (DFW Tax Pros: Save Your Business Money) You probably could achieve this by working harder, but what if you could be smarter with the money you earn now?  Having more money by being smarter, rather than by working harder, is something you shouldn’t overlook. Tax planning is one way to work smarter. Tax planning is not just implementing … Read More

Flower Mound Accounting: Need-to-Know Tax Saving Tips

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Flower Mound Accounting: Need-to-Know Tax Saving Tips

Each year brings a new wave of tax laws. As such, the best tip is to always follow best practices so you’re prepared. (Flower Mound Accounting: Need-to-Know Tax Saving Tips) You often can’t predict tax law changes and they can significantly impact your deductions and return. A new year could bring positive changes due to a particularly business-friendly policy environment, … Read More

DFW Tax Advisors: Rest of the Year Tax Tips

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DFW Accountant Advice: Reduce Your Taxes Owed

If there’s one thing we can generally agree on, it’s that taxes are a major pain. Nobody likes dealing with them, and nobody enjoys filing them. But if you follow these tips, you may find that you not only pay the IRS less money, but will also have an easier time preparing your next return. (DFW Tax Advisors: Rest of … Read More

Flower Mound Accountants: Midyear Tax Check-Up

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Flower Mound Accountants: Midyear Tax Check-Up

With the summer season quickly ending, vacations and barbecues could be pushing out your business tax planning. However, this is the perfect time to review your business’s tax and financial plans with your certified public accountant (CPA). (Flower Mound Accountants: Midyear Tax Check-Up) Why is summer the best time to meet with your CPA? Here are some potential benefits: Talking … Read More

Dallas Tax Reduction: Avoiding Social Security Tax

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Dallas Tax Reduction: Avoiding Social Security Tax

Even though you’ve been paying Social Security taxes for years, you may not be able to escape Uncle Sam even after you claim benefits in retirement. (Dallas Tax Reduction: Avoiding Social Security Tax) It’s important to understand how taxes affect your benefits. For many of us, Social Security is a significant source of retirement income. In fact, roughly half of baby … Read More

Dallas Business Advisors: Stretch Your Retirement Savings

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Flower Mound Business Advisor: Tax Deductions for Self-Employed

People are living longer, which means your retirement years are longer, too. But do you have enough money saved up to have a long, healthy retirement? (Dallas Business Advisors: Stretch Your Retirement Savings) Watch out for fees. You’d be flabbergasted to see how much of your retirement can go to administrative fees. Many savers focus solely on their returns, not … Read More