Ft. Worth Tax Strategy: Prepare For Retirement in 2021
Ft. Worth Tax Strategy: Prepare For Retirement in 2021

If you want to save more money in this year, you’re not alone. A Fidelity Investments study found that 44% of Americans want to increase their savings now. (Ft. Worth Tax Strategy: Prepare For Retirement in 2021) Increasing your retirement savings could be your top...

Ft. Worth CPA: Saving On 2020 Taxes
Ft. Worth CPA: Saving On 2020 Taxes

Last year brought big changes for millions of Americans. Many lost their jobs or saw their paychecks cut severely; others worked remotely from home. Some were forced to drain their retirement accounts to pay the bills; others built up their savings with stimulus...

Ft. Worth Tax Advice: Cutting Business Costs, Part 2
Ft. Worth Tax Advice: Cutting Business Costs, Part 2

As part of our ongoing series on how you can cut your business costs, here are a few more tips. Finding the sweet spot between what to spend and what to save so your business can grow is what an expert CPA can help you with. (Ft. Worth Tax Advice: Cutting Business...

Ft. Worth Texas Tax Reduction: Cutting Your Bill
Ft. Worth Texas Tax Reduction: Cutting Your Bill

An unexpected tax bill can make a mess of your day. To avoid that unwelcome surprise, here are some easy-to-do moves you 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...

North Richland Hills Best Accountants: Your Tax Savings
North Richland Hills Best Accountants: Your Tax Savings

Early November is a really good time to make a checklist and see if you’re doing all you can to reduce your taxes. (North Richland Hills Best Accountants: Your Tax Savings) 1. Dump loser investments Tax-loss harvesting is a strategy in which you rack up losses in a...

Ft. Worth TX Tax Savings: Cut Business Costs
Ft. Worth TX Tax Savings: Cut Business Costs

Are you looking for tips on how to keep your business operations lean and save money while you continue to grow your business? (Ft. Worth TX Tax Savings: Cut Business Costs) 1. Observe, Plan And Earn Before You Spend Understand, pay attention and become totally aware...

Ft. Worth Tax Reduction Experts: Saving Money During Tough Times
Ft. Worth Tax Reduction Experts: Saving Money During Tough Times

Having a good savings plan can keep you one step ahead during changing, uncertain times. (Ft. Worth Tax Reduction Experts: Saving Money During Tough Times) Here are a few things to think about to simplify your spending habits: Create separate spending accounts for...

Ft. Worth TX Tax Reduction: Saving More Income
Ft. Worth TX Tax Reduction: Saving More Income

If you already have an emergency fund, have taken care of high-interest debt, and are maxing out your tax-advantaged accounts, you should get a pat on the back! You already have good savings habits that lay the foundation for financial freedom. (Ft. Worth TX Tax...

Ft. Worth TX Taxes: Don’t Be a Cheap Owner
Ft. Worth TX Taxes: Don’t Be a Cheap Owner

Many business owners find it hard to know the difference between smart financial decisions and across-the-board cost-cutting. (Ft. Worth TX Taxes: Don't Be a Cheap Owner) While cutting costs may be a life-saver, it can also be dangerous if done without careful...

North Richland Hills CPA Tax Pro: Painless Cash-Saving Tips
North Richland Hills CPA Tax Pro: Painless Cash-Saving Tips

Many people have more time than cash these days. If this describes you, then make the most of your free time by making smart financial moves. (North Richland Hills CPA Tax Pro: Painless Cash-Saving Tips) If you have time but not a lot of money, it’s time to become the...

Ft. Worth CPA All Stars: More Important Than Ever To Save On Taxes
Ft. Worth CPA All Stars: More Important Than Ever To Save On Taxes

During these days of economic instability, two things remain more certain than ever: taxes and a need to save money. (Ft. Worth CPA All Stars: More Important Than Ever To Save On Taxes) Remember, unemployment is taxable just like ordinary income. This means that those...

Ft. Worth Business Tips: Saving Money on Insurance
Ft. Worth Business Tips: Saving Money on Insurance

The coronavirus has forced millions of people to shelter in place, shuttering thousands of businesses and leading many to start work-from-home policies. For an even greater number of small companies — retailers, restaurants and others — this has meant job loss. (Ft....

Ft. Worth Texas CPAs: Apply For PPP or EIDL Forgivable Loans
Ft. Worth Texas CPAs: Apply For PPP or EIDL Forgivable Loans

A wise man once said:Tough times never last but tough people do.And during these particularly hard times you'll need a tough CPA fighting for you and your small business every step of the way.Are you a business owner who’s experiencing harsh economic losses due to the...

Ft. Worth Business Advisors: Tax Deductions For Successful Businesses
Ft. Worth Business Advisors: Tax Deductions For Successful Businesses

BUSINESS OWNERS looking to lower their tax burden can take advantage of several money-saving deductions. These include much-used deductions for vehicle expenses and home offices. It also contains relatively new qualified business income deduction that will allow some...

Ft. Worth Tax Consultants: Save With These Tax Tips
Ft. Worth Tax Consultants: Save With These Tax Tips

Although it’s still pretty early to file your taxes, the sooner you do, the better off. (Ft. Worth 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...

Ft. Worth Business Advisor: Tax Deductions for Self-Employed
Ft. Worth Business Advisor: Tax Deductions for Self-Employed

During these days we all want both flexibility and convenience. We also would like to be our own boss. This is why we have seen a steady increase in the number of self-employed individuals in the U.S. This is especially true among young millennials who want to be in...

Ft. Worth Tax Savings: Super Business Write Offs
Ft. Worth Tax Savings: Super Business Write Offs

Lots of business owners try to save money any way they can. As a result, one area they should pay close attention to is the world of tax deductions. (Ft. Worth Tax Savings: Super Business Write Offs) Figuring out which business expenses you can deduct from your...

Ft. Worth Accountant Pros: What To Do With Your Refund
Ft. Worth Accountant Pros: What To Do With Your Refund

Are you getting a tax refund this tax season? Refunds can help you maintain the positive momentum for achieving your money goals. (Ft. Worth Accountant Pros: What To Do With Your Refund) Depending on where you’re at in your financial state, a tax refund can be a great...

North Richland Hills CPA Advisors: Best Tax Deductions For You
North Richland Hills CPA Advisors: Best Tax Deductions For You

The Tax Cuts and Jobs Act was the most expansive overhaul to the United States tax code in many years. In addition to lowering the tax bills for many people, the tax reform bill also made the tax code easier to digest. (North Richland Hills CPA Advisors: Best Tax...

CPA Ft. Worth, Texas: Little Known Investor Tax Breaks
CPA Ft. Worth, Texas: Little Known Investor Tax Breaks

Stashing money away for your future is important, but it's not easy to do. Trying to find savings to invest can be hard for anyone. (CPA Ft. Worth, Texas: Little Known Investor Tax Breaks) To get more people to save, the federal government offers tax breaks that are...

Ft. Worth Accounting: Biggest 2020 Tax Breaks
Ft. Worth Accounting: Biggest 2020 Tax Breaks

Nobody wants to dish out more in taxes than you have to. Fortunately, the government gives us taxpayers lots of ways to lower our tax bills, with a host of deductions, credits, and other breaks designed to help you manage your taxes effectively. (Ft. Worth Accounting:...

Ft. Worth Tax Consultants: Gift of Tax Savings
Ft. Worth Tax Consultants: Gift of Tax Savings

Give yourself the gift of tax savings this holiday season As we land smack dab in the holiday season and the new year, it can pay huge dividends to spend a little time seeing if any moves now can help you save a lot on taxes. (Ft. Worth Tax Consultants: Gift of Tax...

Ft. Worth Tax Savings: Tax Reductions To Make Before 2020
Ft. Worth Tax Savings: Tax Reductions To Make Before 2020

Believe it or not, Tax Day 2020 is closer than you think. (Ft. Worth Tax Savings: Tax Reductions To Make Before 2020) Many of us are rushing around to find last-minute tax deductions before 2019 ends and tax season starts up again. No need to fret. The new tax law...

Texas Tax Pro: Year-End Tax Moves For Successful Business Owners
Texas Tax Pro: Year-End Tax Moves For Successful Business Owners

While tax season may be a few months away, December 31st will be here before you can say "Mistletoe." The fourth quarter is the optimal time for some proactive tax planning to lower your bill. With some extensions, you may be able to delay filing your 2019 taxes until...

North Richland Hills Tax Savings: Best States For Retiring
North Richland Hills Tax Savings: Best States For Retiring

Even in retirement you'll most 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...

Ft Worth Texas CPAs: Make Your Money Last In Retirement, Part 2
Ft Worth Texas CPAs: Make Your Money Last In Retirement, Part 2

Things will get pricier as you age. Inflation will wear away  your buying power, putting pressure on your budget. Having a plan for inflation will help you not run out of money in retirement. (Ft Worth Texas CPAs: Make Your Money Last In Retirement, Part 2) 1. Make...

North Richland Hills Tax Consultant: Don’t Miss This Savings Account
North Richland Hills Tax Consultant: Don’t Miss This Savings Account

As you choose your benefits for 2020, don’t overlook an important savings account that could beat your 401(k) plan — at least in tax terms. (North Richland Hills Tax Consultant: Don't Miss This Savings Account) In 2019, nearly 3 in 10 employers who offer workplace...

Ft. Worth Accounting Help: Biggest Retirement Mistake
Ft. Worth Accounting Help: Biggest Retirement Mistake

Without your own savings, you could risk finding it hard to pay your bills in retirement. This is why it's important to contribute money to your nest egg throughout your working years. But the type of account in which you house your money could decide how much growth...

Ft. Worth Accountant Advice: Reduce Your Taxes Owed
Ft. Worth Accountant Advice: Reduce Your Taxes Owed

Not every tax strategy will be relevant 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 whole...

North Richland Hills CPA Advisor: Common Retirement Tax Mistakes
North Richland Hills CPA Advisor: Common Retirement Tax Mistakes

Most not too distant future and recent retirees don’t think about taxes. This can be a problem. But 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...

Ft. Worth Tax Pros: Save Your Business Money
Ft. Worth Tax Pros: Save Your Business Money

What do you think about making more money? (Ft. Worth 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...

Ft. Worth Accounting: Need-to-Know Tax Saving Tips
Ft. Worth Accounting: Need-to-Know Tax Saving Tips

Each year brings a new bunch of tax laws. Because of that, the best tip is to always follow best practices so you’re prepared. (Ft. Worth Accounting: Need-to-Know Tax Saving Tips) You can’t really predict tax law changes, but they can significantly impact your...

Ft Worth Texas CPAs: Make Your Money Last In Retirement, Part I
Ft Worth Texas CPAs: Make Your Money Last In Retirement, Part I

Lots of us worry about running out of money in retirement. That make sense since we don’t know how long we’ll live, what our future expenses might be, and what kind of returns we can expect. (Ft Worth Texas CPAs: Make Your Money Last In Retirement, Part I) But there...

North Richland Hills Tax Advisors: Rest of the Year Tax Tips
North Richland Hills Tax Advisors: Rest of the Year Tax Tips

If there's something we can agree on, it's that taxes are a major hassle. Nobody likes dealing with them, and nobody enjoys filing them. But if you follow these tips, you might find that you'll not only pay the IRS less money, but will also have an easier time...

North Richland Hills Accountants: Midyear Tax Check Up
North Richland Hills Accountants: Midyear Tax Check Up

With the summer quickly coming to a close, vacations and barbecues could be pushing out your business tax planning. However, this is the perfect time to review your business’s tax plans with your certified public accountant (CPA). (North Richland Hills Accountants:...

North Richland Hills Tax Reduction: Avoiding Social Security Tax
North Richland Hills Tax Reduction: Avoiding Social Security Tax

Even though you've been coughing up to Social Security taxes for years, you may not be able to escape Uncle Sam even after you claim benefits after you're done working. (North Richland Hills Tax Reduction: Avoiding Social Security Tax) That's why it's important to...

Ft. Worth Business Advisors: Stretch Your Retirement Savings
Ft. Worth Business Advisors: Stretch Your Retirement Savings

People are living longer these days, which means your retirement years last longer, too. But do you have enough money saved up to have a long, healthy, rewarding retirement? (Ft. Worth Business Advisors: Stretch Your Retirement Savings)   Watch out for fees....

Ft. Worth Tax Help: Balancing Tax Savings with Investments
Ft. Worth Tax Help: Balancing Tax Savings with Investments

Nobody likes to pay more taxes than they need. However, there's also a danger of letting the "tax tail wag the investment dog," to quote a common saying. (Ft. Worth Tax Help: Balancing Tax Savings with Investments) You shouldn't try so hard to slash income or capital...

North Richland Hills Tax Advice: Retirement Tax Savings
North Richland Hills Tax Advice: Retirement Tax Savings

For people getting close to retirement or in retirement, every dollar counts and planning ahead is important. That’s especially true for taxes. (North Richland Hills Tax Advice: Retirement Tax Savings) Now that 2018 tax returns are done and gone, this is an opportune...

North Richland Hills Tax: Having a Business In More Than One State
North Richland Hills Tax: Having a Business In More Than One State

If your small business has grown beyond your state’s borders so that you run one in more than one place, this could result in some tax-related headaches. (North Richland Hills Tax: Having a Business In More Than One State) Here are some things to think about:  ...

Ft. Worth Tax Pros: How Charitable Planning Can Save You Money
Ft. Worth Tax Pros: How Charitable Planning Can Save You Money

Since the 2017 Tax Cuts and Jobs Act, donors should consider whether charitable planning will provide an immediate or long term benefit. (Ft. Worth Tax Pros: How Charitable Planning Can Save You Money ) With that mentioned, here are five charitable planning options...

Ft. Worth Business Advisor: Tax Planning Is A Business Strategy
Ft. Worth Business Advisor: Tax Planning Is A Business Strategy

For many small businesses, tax season is rough part of the year. It’s often associated with stress, dusty boxes and exhaustion. This is one reason small businesses should think about their taxes all year-round and prepare long before it comes time to file. By...

North Richland Hills Tax Advice: Which Retirement Account Is Best?
North Richland Hills Tax Advice: Which Retirement Account Is Best?

Believe it or not, you can save for retirement without doing too much. You just have to know how and when. (North Richland Hills Tax Advice: Which Retirement Account Is Best?)   For most, financial experts recommend automatically contributing to an...

Ft Worth Tax Advice: Pay Less Taxes In Retirement
Ft Worth Tax Advice: Pay Less Taxes In Retirement

You've worked like a dog throughout your career to save for retirement. And yes, you want to make the most of your money. However, when planning ahead, many people don't consider how taxes will affect their savings. (Ft Worth Tax Advice: Pay Less Taxes In Retirement)...

Ft. Worth Real Estate CPAs: Your First Million
Ft. Worth Real Estate CPAs: Your First Million

Over the last 50 years, home prices in the U.S. have gone up by a little more than 5% each year. This means that the $200,000 home you buy now could be worth more $864,000 in 30 years. Because of this, it's no surprise real estate is considered such an effective way...

Ft. Worth Tax Advisor: Retiring As a Small Business Owner
Ft. Worth Tax Advisor: Retiring As a Small Business Owner

Small biz owners and gig economy/freelance workers may enjoy some freedom and often benefit from more flexibility. However, they may miss out on the retirement plans and contributions that many full-time workers receive. So, how should a small business owner plan for...

Ft. Worth Accountants: Don’t Let Your Investments Trigger an Audit
Ft. Worth Accountants: Don’t Let Your Investments Trigger an Audit

The IRS typically zeroes in on filers with large deductions relative to their income, business filers with added or fishy write-offs, those claiming earned income tax credit or anything unusual. While investing is not the most common trigger for an audit, it still...

North Richland Hills Real Estate Tax Help: What to Know About Taxes
North Richland Hills Real Estate Tax Help: What to Know About Taxes

Taxes are probably one of your most dreaded things to think about. But as with any investment, Uncle Sam is going to want to take a piece of the pie when your properties are raking in money. However, with real estate investing, there are a number of things to think...

Are You Choosing the Best Ft. Worth Tax Professional for You?
Are You Choosing the Best Ft. Worth Tax Professional for You?

People with small businesses usually depend a lot on their accountants for advice.   When you have a qualified accountant on your team, stuff like maintaining your books, planning for taxes, and meeting important deadlines all become much easier. (Are You...

North Richland Hills Tax Advice: Who’s the Right Accountant For Me?
North Richland Hills Tax Advice: Who’s the Right Accountant For Me?

No one says you have to an extremely successful business owner to benefit from hiring a tax accountant. You might think that preparing your own taxes is just too time consuming or stressful. Maybe your tax situation is complex or it's changed so you need specialized...

North Richland Hills CPA: What To Know Before You Start a Business
North Richland Hills CPA: What To Know Before You Start a Business

Starting your own business can be very exciting, bringing you both joy and financial gain. However, it’s not for everyone. A lot of people try to turn a passion of theirs into a business without really understanding what starting a business takes, and what monetizing...

Small Business Tax Expert: The Perfect Work Schedule
Small Business Tax Expert: The Perfect Work Schedule

Check out these 10 tips to help you create a schedule that works for your business and your team. They’ll also help you create ideal employee shifts for your small business.  (Small Business Tax Expert: The Perfect Work Schedule) Determine Your Staffing Needs...

Ft. Worth Tax Help: Balancing a Small Business Budget
Ft. Worth Tax Help: Balancing a Small Business Budget

As a business owner, you know you have to keep accurate records of both your income and your expenses. (Ft. Worth Tax Help: Balancing a Small Business Budget) Besides saving money when tax season rolls around, keeping clear and concise records of all your business...

North Richland Hills CPAs: Benefits of a Good Credit Score
North Richland Hills CPAs: Benefits of a Good Credit Score

You might only think about your credit score before a big purchase, like when you buy a house or apply for a loan. However, good credit can serve as a backstage pass into a world of perks, better products and easier access to the opportunities you want most.    ...

Ft. Worth Tax Help: Want to File an Extension?
Ft. Worth Tax Help: Want to File an Extension?

April 15 might be the least popular day of the year for many Americans. That's when taxes are due and, especially with the drastic changes in the tax code, many people just aren’t ready yet. If you’re among them, it’s possible to get an extension, but it’s important...

Ft. Worth Tax Accountant: How You Can Fix Your IRS Debt
Ft. Worth Tax Accountant: How You Can Fix Your IRS Debt

If you have a big tax bill that you can't pay, life might seem a little bleak. While the number of tax liens annually filed by the IRS against taxpayers has dropped by more than 50 percent since 2010, there were still more than 14 million open tax-debt cases against...

North Richland Hills Tax Help: Freelancer Tax Tips
North Richland Hills Tax Help: Freelancer Tax Tips

The changes made by the Tax Cuts and Jobs Act may not be well understood by many Americans, including employees. Being a freelancer or independent contractor adds only another layer of complication. For example, did you know that three additional types of retirement...

Fort Worth CPAs: Bringing Joy To Tax Time
Fort Worth CPAs: Bringing Joy To Tax Time

Few things increase a business owner’s stress like the thought of tax time. Between the receipts to go through, the surprise of what you may owe, and the hours it takes to gather income information, it’s just not a joyful prospect for most business owners. But as...

Last-Minute Tax Tips From Ft. Worth Tax Reduction Specialist
Last-Minute Tax Tips From Ft. Worth Tax Reduction Specialist

For those who wish to file by April 17, the pressure begins to mount around now. Before the race gets heated here shortly,  let's learn how last year’s tax reform changed things. Since you’ll be dealing with some of the biggest changes in a generation, prepare...

Fort Worth CPA: Real Estate Professional Tax Tips
Fort Worth CPA: Real Estate Professional Tax Tips

Whether you’re preparing your taxes by yourself or as a real estate professional or having a tax advisor CPA help you, here are some tips: Don’t forget your driving mileage. Many real estate agents leave money on the table when it comes to their mileage. Depending on...

Fort Worth Tax Specialist: Why You Might Not Get a Refund This Year
Fort Worth Tax Specialist: Why You Might Not Get a Refund This Year

Tax season is upon us. If you’re like many people, you may expect to be 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 many taxpayers, the refund they...

North Richland Hills CPA: Where’s My Refund?
North Richland Hills CPA: Where’s My Refund?

Early February is one of the most hectic times for people doing their taxes. Are you someone who can't wait to see your refund? Well, now we can tell you how soon you will probably get that refund. The tax reform law officially took effect on January 1, 2018. The...

Ft. Worth Tax Strategy: Save Taxes Now
Ft. Worth Tax Strategy: Save Taxes Now

1. Figure out whether it makes sense to itemize Probably 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 has been nearly doubled by tax reform and...

Ft Worth Tax Strategy: How Small Business Owners Can Hold Onto Money
Ft Worth Tax Strategy: How Small Business Owners Can Hold Onto Money

Most business owners probably don't have backgrounds in finance. However, that doesn’t mean they can afford to avoid doing the administrative tasks that come with running a company. You might face a massive variation in the cost of goods and services. A $100 million...

Fort Worth Real Estate CPAs: Property Tax Tips
Fort Worth Real Estate CPAs: Property Tax Tips

Property tax is a tax on real estate and sometimes other property which you legally own. Local governments typically assess this type of tax. The amount of property tax you have to pay is largely based on where the property is and how much it's worth. CALCULATING YOUR...

Ft Worth CPAs On Best Ways to Preserve Wealth
Ft Worth CPAs On Best Ways to Preserve Wealth

Making money is only half of it. Keeping it is the other half. However, if you read financial advice columns, far more than 50 percent of them are about ways to generate income. Saving money doesn’t make for splashy headlines, but it’s critical to your long-term...

Ft Worth Real Estate CPA: How Investing Can Help Save You Taxes
Ft Worth Real Estate CPA: How Investing Can Help Save You Taxes

The Tax Cuts and Jobs Act has altered our finances and the profitability of investments. Much of the media coverage around the new rules has been on its negative sides. However, some positive financial opportunities exist for those who educate themselves and act on...

Texas Real Estate CPA: Starting Out With Your First Investment?
Texas Real Estate CPA: Starting Out With Your First Investment?

Real estate is a tricky business with a lot twists and turn that can be hard to make sense of. Educating yourself is the key. Are you looking for some advice before setting out on your first deal or even after establishing yourself as reputable agent? Consider this...

Ft Worth Tax Help: Must Read Books For Realtors
Ft Worth Tax Help: Must Read Books For Realtors

If you search real estate books on Amazon there are nearly 70,000 results, with more being published with each passing day. Some of which are probably great resources. (Ft Worth Tax Help: Must Read Books For Realtors) Others, however, are either vanity projects or...

Ft Worth TX CPA Summer Survival Tips
Ft Worth TX CPA Summer Survival Tips

Memorial Day is typically the beginning of summer, and for many small businesses, that means customers streaming through the doors. For others, it’s a down time: Customers don’t come, clients don’t call. Whether you sell surfboards or snowboards, picnic baskets or...

Fort Worth Small Business Help: Summer Reading List
Fort Worth Small Business Help: Summer Reading List

The right words of advice can get you closer to your goals. They can also inspire you to be a better leader of a team. Josh Linkner, the author of the best-selling "The Road to Reinvention," which encourages businesses and business leaders to go beyond the status quo...

Fort Worth Tax Help: What To Do With Your Refund
Fort Worth Tax Help: What To Do With Your Refund

Refund season is upon us! Last year, nearly eight out of 10 people received a tax refund worth an average of $2,895, according to the IRS.  If that trend holds up this year, many taxpayers will once again get a nice check from Uncle Sam. CPA experts have some advice...

North Richland Hills Accountant: Celebrating Small Business Week
North Richland Hills Accountant: Celebrating Small Business Week

What are the obstacles that keep small businesses from doing more business? What can entrepreneurs, who already wear so many hats, do to overcome them? Reacting vs. looking ahead Every small business owner knows how crucial it is to stay on top of day-to-day...

DFW Small Business Advisor: Having A Successful Summer
DFW Small Business Advisor: Having A Successful Summer

While for many people the summer is spent outside enjoying the sunshine, for small business owners it’s a critical time for your business. The life of a small business owner is very different to that of a boss of a large company. If you happen to be in the earlier...

Fort Worth Tax: New Small Business Tax Code
Fort Worth Tax: New Small Business Tax Code

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 structure...

Fort Worth Accounting: Last Minute Tax Tips
Fort Worth Accounting: Last Minute Tax Tips

In case you didn't hear the news yet, this year's tax filing deadline is rapidly approaching. You have until April 17 to submit your 2017 return. If you've been putting it off, it's time to get moving. Here are some tips to help from experienced pros: 1. Decide...

DFW Tax Preparation: File Taxes Without A Hitch
DFW Tax Preparation: File Taxes Without A Hitch

With tax penalties in effect that could be as much as 5% a month, filing your taxes late as a business owner can be expensive. To ensure 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...

76182 CPAs: How To Stretch a Tax Refund
76182 CPAs: How To Stretch a Tax Refund

While it can be tempting to spend all of your refund money, 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...

Fort Worth TX CPA: Lower Taxes For Small Business
Fort Worth TX CPA: Lower Taxes For Small Business

Lowering your taxes may be the difference between having a profitable business and one that is just staying afloat. You all are probably wondering: “I don’t have extra time do deal with taxes.” Here are seven ways you can minimize the stress of small business...

Tax Preparation Advice: Are You Getting All The Tax Breaks You Deserve?
Tax Preparation Advice: Are You Getting All The Tax Breaks You Deserve?

Are you receiving all the tax breaks you’re entitled to? CPAs say you might be able to reduce your tax bill by taking advantage of the many exemptions, deductions, and credits built into the tax code. (Tax Preparation Advice: Are You Getting All The Tax Breaks You...

Fort Worth Tax Pro: Tax Scams To Watch For This Year
Fort Worth Tax Pro: Tax Scams To Watch For This Year

Tax filing fraud could reach a peak in 2018, as a result of last year's Equifax data breach. (Fort Worth Tax Pro: Tax Scams To Watch For This Year) Countless names, addresses and Social Security numbers may be compromised, and an identity thief armed with your...

Fort Worth Tax Help: These Tax Breaks Could Be Gone in 2018
Fort Worth Tax Help: These Tax Breaks Could Be Gone in 2018

If you haven't filed your 2017 taxes yet, get out your shoebox of receipts and see if you qualify for these deductions. Fort Worth Tax Help: These Tax Breaks Could Be Gone in 2018 We're sure you know that the Tax Cuts and Jobs Act has overhauled the tax code,...

North Richland Hills Business Advice: Freelancer Tax Tips
North Richland Hills Business Advice: Freelancer Tax Tips

Now that tax season is on us, many workers will no doubt be rushing to get their returns done. This also includes the self-employed. While filing taxes as a salaried employee often means copying down a number from a W-2 and clocking out, there's often a whole set of...

Fort Worth CPAs: Show Your Small Business Customers Some Love
Fort Worth CPAs: Show Your Small Business Customers Some Love

It’s Valentine’s Day — show your small business customers some love while reminding yourself that you should be doing this on a weekly basis. In other words, you should be letting your customers know that you appreciate them every day of the year, not just Valentine’s...

Fort Worth Tax Prep: Top Ten Tax Tips
Fort Worth Tax Prep: Top Ten Tax Tips

Owning a small business owner is expensive. Every dime counts when entrepreneurs are living on thin margins. But owning and operating a small business is even more expensive when you pay more taxes than you really owe. In a survey personal finance expert Garrett...

Fort Worth Business Advisor: Who Should Prepare Your Taxes This Year?
Fort Worth Business Advisor: Who Should Prepare Your Taxes This Year?

For many people the new year means new diets, gym memberships and other fresh beginnings. It also signals another tax-filing season is knocking on the door. The IRS will begin accepting 2017 tax returns on Jan. 29. The filing deadline this year is April 17 (rather...

North Richland Hills Tax Pros: Ways To Save Your Small Business Money
North Richland Hills Tax Pros: Ways To Save Your Small Business Money

As a small business owner you have to pinch every penny. Lack of or misuse of your funds is one of the main reasons why companies fail. That said, priority number one should be to save money. While some suggestions will save more money than others, you should...

Fort Worth Business Advice: New Year’s Small Business Resolutions
Fort Worth Business Advice: New Year’s Small Business Resolutions

When January 1 comes, small business owners look back at what happened during the past 12 months and decide to start making business financial resolutions. However, resolutions are often easier said than done. Many of us have forgotten or dropped our individual New...

Fort Worth Tax Advice: Tips To Save Tax Money
Fort Worth Tax Advice: Tips To Save Tax Money

A major tax bill has just been passed. In the years ahead lots of Americans will be paying more than previously, while others will pay less. People in both camps will still want to minimize any sums they pay, so here are some tax tips to help many taxpayers lower...

Fort Worth Tax: Holiday Small Business Boost
Fort Worth Tax: Holiday Small Business Boost

The holiday season is here! Most of you probably won't be celebrating all of the upcoming holidays, but your customers probably will celebrate most of them, and they're all opportunities to push out more sales and gain more traffic. Now is the time to get organized....

North Richland Hills Tax: Holiday Small Business Boost
North Richland Hills Tax: Holiday Small Business Boost

It's holiday season! Most of you probably won't be celebrating all of the upcoming holidays, but collectively, your customers will, and they're all opportunities to push out more sales. Now is the time to get organized. Here are nine things that you have to do now...

TEXAS TAX PRO: YEAR END TIPS FOR A BIGGER REFUND
TEXAS TAX PRO: YEAR END TIPS FOR A BIGGER REFUND

TEXAS TAX PRO: YEAR END TIPS FOR A BIGGER REFUND Have you ever considered how much you’ve overpaid in taxes this year? If so, you likely want to do all you can to get a big refund. As we get closer to the end of 2017, now is the time to review what moves to make. Take...

Fort Worth Business Advice: Starting Small Business Next Year?
Fort Worth Business Advice: Starting Small Business Next Year?

As the end of 2017 draws closer, aspiring entrepreneurs will reassess their situations and consider taking the big leap. It doesn't happen overnight. Rather, it is a process. Here are some key things to think about before taking that first step. Conduct rigorous...

Ft Worth Tax Help: Small Business Year End Tips
Ft Worth Tax Help: Small Business Year End Tips

Let's take a quick look at where your small business stands as 2017 comes to an end. These small business year end tips can help you make sure you're in good form financially as you head into 2018. Ft Worth Tax Help: Small Business Year End Tips Take Some Time to Look...

Accounting Tips For Small Business Construction Firm
Accounting Tips For Small Business Construction Firm

  Many construction businesses will use two different tax-accounting methods: one for their long-term contracts and one generally for everything else. A long-term contract is any contract that is still going on  in the same year in which it's been started. Cash...

Fort Worth Small Business Help: Boost Your Numbers This Fall
Fort Worth Small Business Help: Boost Your Numbers This Fall

The temperature is dropping. Leaves are turning red and yellow. Halloween and Thanksgiving decorations line the store shelves. Suddenly, your small business' numbers are picking up. Welcome to fall time, maybe the busiest, most hectic, and mosst important time of the...

Fort Worth Business Coach: Small Business Mistakes To Avoid
Fort Worth Business Coach: Small Business Mistakes To Avoid

Small businesses make a lot of mistakes that could have a major impact on their team members and bottom line. Of course, it is unrealistic to expect any business to operate completely free of mistakes. But if you learn some of the most common ones from other business...

North Richland Hills, TX Business Advisor On Invoicing Etiquette
North Richland Hills, TX Business Advisor On Invoicing Etiquette

Oftentimes getting an invoice paid is harder than the work you just completed. After all, it’s not exactly easy to track down overdue payments. But what if there was a way to receive payments on-time more frequently? This can be accomplished if you stick to a...

Fort Worth, TX CPA: Managing Your Small Business Cash Flow
Fort Worth, TX CPA: Managing Your Small Business Cash Flow

As a small business owner, you've probably experienced both good times and bad. Some days money is tight. And while the hope is that the lean periods only pop up rarely, sometimes you'll need a little (or big) infusion of money to keep going. Fort Worth, TX CPA:...

Best Places To Start A Small Business
Best Places To Start A Small Business

If you’re considering starting a small business, you’ll want to do everything you can to give it the best chance at thriving. However, many things contribute to the success or failure of your endeavor. As you consider where to locate your company, sometimes it's smart...

Small Business Money Saving Advice From Tax Advisor
Small Business Money Saving Advice From Tax Advisor

Small businesses are lauded as the backbone of the economy, creating local jobs and opportunities. The outlook for these entrepreneurial efforts have been positive in the last few years. The Kauffman Foundation reporting last year that the survival rates of small...

Questions To Ask Your Small Business Money Advisor
Questions To Ask Your Small Business Money Advisor

Let's say your business has grown to a point where you need to beef up your accounting firepower in the form of a finance manager. Maybe your enterprise is now a middle-market company, big enough to justify giving your "numbers person" a bigger title. But how will you...

Fort Worth Business Coach: Holiday Marketing Tips
Fort Worth Business Coach: Holiday Marketing Tips

For many small businesses owners, the holidays are the most profitable time of year. This is not surprising. However, many aspects of holiday marketing have changed quite a bit in recent years. If you’re using older methods, it might be difficult to keep up with the...

DFW Accountants: Succession Planning
DFW Accountants: Succession Planning

Becoming financially secure so you can live comfortably after your career is a goal that many small business owners have. Fortunately, according to a recent Wells Fargo/Gallup survey, 82% of small business owners said they are currently saving or investing money...

Small Business Coaching: Learning From Mistakes
Small Business Coaching: Learning From Mistakes

Just because you might be the best accountant, plumber, or chef around, that doesn’t necessarily mean that you have all the skills you need to open a business.  In fact, leadership itself is a skill – a set of behaviors that can be learned and improved. Since we can...

Start Small Business On the Cheap
Start Small Business On the Cheap

For those of you desiring to start your own small business on the cheap, but are worried about seemingly insufficient funds, here are five ways you can become a successful entrepreneur despite an almost non-existent purse. 1. Start from Home. With Apple and Facebook...

Fort Worth CPA Shares Tips For New Businesses
Fort Worth CPA Shares Tips For New Businesses

Whether it’s making sure your customers are happy or it’s improving your products and services, you always need to keep pushing on with a new business. With that said, there’s one area that’s often overlooked by small business owners: accounting. Even if you aren’t a...

Fort Worth CPA: How To Beat Small Biz Dog Days
Fort Worth CPA: How To Beat Small Biz Dog Days

Late July and August are the “dog days” of summer – high temperatures, a slower pace, and a certain laziness sets in. Unless you run a seasonal business that benefits from summer tourism, you’re probably finding that your business is slowing down during this season....

Small Business Growth Advice From Real Owners
Small Business Growth Advice From Real Owners

Often times the best small business advice comes from fellow small business entrepreneurs, not the CEO of a Fortune 500 company. Behind every business is a person, and behind every person is a story. We asked a few entrepreneurs to give their advice about the...

Small Business Advice: Knowing Who Clients Are
Small Business Advice: Knowing Who Clients Are

For various reasons, individuals and small businesses don't often do a thorough background and credit check of their business clients. This can create a large knowledge gap when it comes to knowing exactly who you’re dealing with. Small Business Advice: Knowing Who...

Small Business Advice: Summer Reading List
Small Business Advice: Summer Reading List

The right words of advice can get you closer to your small business goal. They can also inspire you to be a better leader and innovator in a changing marketplace. Josh Linkner, the author of the best-selling "The Road to Reinvention," urges businesses to go beyond the...

Top Accounting Firms in Fort Worth: Starting From Ground Up
Top Accounting Firms in Fort Worth: Starting From Ground Up

Building a company from scratch is never easy, especially if you want that company to reach beyond "small business" status. As Guy Kawasaki, Alltop co-founder and entrepreneur, has said: “Ideas are easy. Implementation is hard.” Estimates are that about half of small...

Why Do Some Brands Get Burned?
Why Do Some Brands Get Burned?

Remember Blockbuster? At one time not too long ago, the chain of 9,000 video-rental stores seemed to be all over the place. Families spent their Saturday or Friday evenings perusing the shelves for the latest releases or old favorites. But, as we all know, the...

Finding Purpose for Your Small Business
Finding Purpose for Your Small Business

In a recent Harvard commencement speech, Mark Zuckerberg explained how a lot of big companies wanted to buy Facebook a couple years into his venture. Many of friends and colleagues told him to take the money all the way to the bank. But Zuckerberg held onto his...

Improve Your Small Business Performance in North Richland Hills
Improve Your Small Business Performance in North Richland Hills

Here is a walloping 6-step blueprint that any small business owner or freelancer can apply to themselves to find success in their work, career, and life. Give these 6 steps a try and see how they work for you. These steps are part of our commitment as the top North...

Does Your Business Need a Leader or a Manager?
Does Your Business Need a Leader or a Manager?

Does Your Small Business Need a Manager or a Leader? Of course, ideally, your business would have both. However, have you ever heard the expression “Too many generals and not enough soldiers?” Well, both points are worth considering. Too many soldiers without a strong...

CPAs Can Help With Cash Flow Management
CPAs Can Help With Cash Flow Management

Did you know 82% of businesses fail because of cash flow problems? However, there is a way to avoid catastrophe with smart cash flow practices like managing your billing and payment services. Below are five strategies to help small business stay ahead of cash flow...

CPAs Do Check-Up On Financial Health
CPAs Do Check-Up On Financial Health

Did you know CPAs can do a check up on the financial health of your business? If your only measure of financial performance are sales and your account balance, you’re missing out on a lot of helpful information about your business. Financial statements and metrics are...

What To Consider Before Selling Your Business
What To Consider Before Selling Your Business

We’ve outlined below a few surprising aspects of the business sale process that can present themselves.  Sometimes they negatively impact the turnaround time of a sale.  But if you can understand these potential issues better, you will be better prepared to try to...

CPA Advice To Regain Your Energy After Tax Season
CPA Advice To Regain Your Energy After Tax Season

Looking for a few tips to regain your personal energy after the tax season blues? Some of these expert CPA tips are so easy and simple you might think they won’t help you at all. But, as you read, look to see which ones have slipped from your current daily routine and...

Tax Mistakes You Can Avoid This Year
Tax Mistakes You Can Avoid This Year

We all know filing your taxes can be hard even if you don't make errors. But making mistakes can make the whole thing so much more of a headache. Before filing, you should double check to make sure you don't make the following tax errors. We often hand out this...

A Banker Can Be The Perfect Small Business Coach
A Banker Can Be The Perfect Small Business Coach

If you want the best for your business, surround yourself with like-minded individuals. As a business owner, seek support from a business coach that has expertise in specific areas. Your CPA plays a critical role for you, but don’t forget about others. Enter your...

Is a Tax Extension Right for You This Year?
Is a Tax Extension Right for You This Year?

If you can’t pay your taxes by this year's April 18th deadline, you can always request a 60- to 120-day extension to pay. You may still be charged penalties and interest but at a lower rate. You can also ask the IRS to offer installment agreements that allow set...

Tax Advice To Help You Save
Tax Advice To Help You Save

With the tax filing deadline coming up soon, you may be already scrambling to gather paperwork and get your returns in before it’s too late. Here are some last minute tips for those of you filing your taxes. This tax consultant advice from a certified public...

Cure Your Tax Preparation Blues
Cure Your Tax Preparation Blues

Are you worried about your business taxes and looking for a tax preparer? You are not alone. Tax season stress doesn't have to be a yearly problem. Here are some of the reasons behind the stress and the things you can do to cure your tax preparation blues: MONEY =...

Small Business Consulting: Power of Accountability
Small Business Consulting: Power of Accountability

How important is accountability to the success of a company? Without it, a small business cannot improve its overall performance. If each team member feels a part of the success of the business, then the possibilities for growth are endless.  As part of our small...

Important Taxpayer Rights to Know
Important Taxpayer Rights to Know

Most of you probably know that breaking tax rules, even if accidently, can bring serious consequences like an audit, but you should know your important taxpayer rights in addition to the penalties. Below we're going to detail what your rights are in case you run into...

Small Business CPA Advice
Small Business CPA Advice

Some hair salon owners worked with their CPA to create an effective low-cost marketing campaign which targeted lapsed and new customers to increase sales.  The campaign was traditional but still very effective, another example of how small business CPA advice really...

Reasons to File Taxes Soon
Reasons to File Taxes Soon

For an estimated 153 million Americans, January means the beginning of tax season. The official start is Monday, January 23. If reminders about tax time make you want to hit the snooze button until spring, lend us your ears. Putting off your taxes can make you a wreck...

Four Ways to Grow Your Business
Four Ways to Grow Your Business

Four Roads to a Thriving Business According to most experts in the field, there are really only four ways to grow your business: Increase the number of customers Get them coming back more often Increase the average spend Improve the effectiveness of every business...

Tax Moves to Make Before New Year
Tax Moves to Make Before New Year

As the end of the year gets closer, it's unfortunately the time to think about taxes and make some smart moves. The tax season may seem far away, but this is the time of year to get the ball rolling. Let's look at some easy steps to take that could help you next...

New IRS Tool to View Tax Balance
New IRS Tool to View Tax Balance

The IRS has announced the arrival of a new online tool to help taxpayers. This new IRS.gov tool will let taxpayers view their tax account balance online. The balance includes any amount owed for tax, as well as penalties and interest for each tax year. Once you look...

Start With a 4-Figure Income
Start With a 4-Figure Income

Don't worry about pursuing the dream of having a 7 figure income. Start out more reasonably. Try to focus on building a 4 figure income first. To Be Clear Of course, 4 figures might not be a massive amount of money to you. You can't buy a mansion with it. But 4...

How a CPA Can Boost Your Small Business
How a CPA Can Boost Your Small Business

If you're starting a small business on a fixed budget, you've probably spent many a night trying to decide where you can cut costs and do more on your own in order to stretch your available funds.  One place where you may consider doing it yourself instead of shipping...

An Intro to Trump’s Tax Plan
An Intro to Trump’s Tax Plan

How much do you know about new president-elect Donald Trump's tax plan? To begin with, he has proposed the largest tax cuts since Ronald Reagan. If Trump were to get everything he has proposed from a Republican-controlled Congress, a taxpayer who earns between $48,000...

New IRS Deadlines for 2017
New IRS Deadlines for 2017

For all those business owners, don’t forget about the date January 31, 2017, the new due date for filing forms W-2. Under a new law, the Protecting Americans from Tax Hikes (PATH) Act, the new filing deadline for employers to submit forms W-2 to the Social Security...

Being a Parent Lowers Your Taxes
Being a Parent Lowers Your Taxes

If you are a parent, you can lower your tax burden significantly. Eight different tax credits and deductions are out there that can help lower your tax burden: Dependents In most cases, a child can be claimed as a dependent in the year they were born. Be sure as a...

What’s Your Business’s Purpose?
What’s Your Business’s Purpose?

Defining Your Purpose If you don’t know what is is, your customers won't either. Also, you won’t be able to tell your customers why they should choose you over your competitors. Surely when you decided to start your business you were inspired. Was it to provide a...

Designer Reaches Goals With CPA’s Help
Designer Reaches Goals With CPA’s Help

Dream of A Designer Janet started her interior design business three years ago with a promising vision. The designer planned to work three days a week and help families achieve the home of their dreams by offering her creativity. As happens often with small business...

Check-Up On Your Business’s Health
Check-Up On Your Business’s Health

  A body requires routine checks and examinations for its health. So does a business. No matter what stage your business is in, to keep it going you must check its systems, pay attention to any ailments and prevent early death. A routine health check on your...

Consultant Improves Profit with CPA’s Help
Consultant Improves Profit with CPA’s Help

Learning How to Turn Promise into Profit Joe is the CEO of a growing IT consultant firm that provide network management solutions as well as selling and repairing computer equipment out of a retail store. He has two silent partners in the business who lent him some...

When To Sell Your Business
When To Sell Your Business

When to Sell One of the questions we often ask our clients is “When do you plan to sell your business?” We get all sorts of responses, ranging from “I’ve no intention of selling it” to “We think the boys will take it over, but we’re not sure” to “I’d sell it tomorrow...

IRS Tips for Hurricane Preparedness
IRS Tips for Hurricane Preparedness

As Hurricane Matthew looms off the Southeastern US coast, the IRS is offering some advice for protecting financial documents and information. In the case of a federally declared disaster, the IRS operates a toll-free number – (866) 562-5227 – staffed by IRS employees...

Money Saving Tips for Couples
Money Saving Tips for Couples

1. Rethink date night How often do the two of you have a date night? Some couples have a weekly date night during which they go out to a fancy restaurant, order drinks and then maybe go to a movie or bowling. An evening like that can quickly add up to more than $100....

A New Tax Notice Scam
A New Tax Notice Scam

The Internal Revenue Service is letting tax professionals and taxpayers know about a new scam involving fake CP2000 notices that are being sent to unsuspecting taxpayers, billing them for unpaid taxes related to the Affordable Care Act. The IRS is issuing the alert in...

Tax Records: What to Throw, What to Keep
Tax Records: What to Throw, What to Keep

Now is a great time to clean out that growing mountain of financial papers and tax documents that clutter your home and office. Here's what you need to keep and what you can throw out. Let's start with your "safety zone," the IRS statute of limitations. This limits...

Deducting Your Car As a Business Expense
Deducting Your Car As a Business Expense

Whether you're self-employed or an employee, if you use a car for business, you get the benefit of tax deductions. There are two choices for claiming deductions: Deduct the actual business-related costs of gas, oil, lubrication, repairs, tires, supplies, parking,...

Tax Status for Newlyweds
Tax Status for Newlyweds

Getting married changes your tax status. Being aware of a few key things can help you avoid trouble come tax time. If you and your partner were married anytime in 2016, the IRS considers you to be married for the full year. So, you both should adjust your tax...

Save Your Startup From Crashing Early
Save Your Startup From Crashing Early

The failure rate of startup businesses is a common story. And many of these startups were founded on great business ideas. You might ask yourself why businesses built on brilliant ideas still fail. The answer is usually fairly simple. Having an idea for a business and...

The Holy Grail of Tax Deductions
The Holy Grail of Tax Deductions

Here are three deductions which could be considered "the holy grail" of deductions. That is, they can greatly reduce your adjusted gross income. 1. Contributing to a traditional IRA One of the best ways to reward yourself now -- and later -- is by contributing to a...

Having a Home-Based Business
Having a Home-Based Business

More than 52 percent of businesses today are home-based. Garages, basements, and attics are being transformed into the corporate headquarters of the newest entrepreneurs–home-based businesspeople. And, with technological advances in smartphones, tablets, and iPads as...

Staying Out of the Red
Staying Out of the Red

If you are having trouble paying your debts and staying out of the red, it is important to take action sooner rather than later. Doing nothing may lead to much larger problems in the future, whether it’s a bad credit record or bankruptcy resulting in the loss of...

The Tax-Savvy Financial Planner
The Tax-Savvy Financial Planner

If you're looking for big picture advice that combines tax expertise with the know-how of a financial planner, a CPA might be the best bet outside of tax-preparing season? If you only meet annually during the spring, they may seem too busy to tackle bigger-picture...

Giving Yourself More Time
Giving Yourself More Time

If you can free up an hour a day, you’ll create a month a year for yourself. If you’re a business owner, that could be a breakthrough thought. What would you do if you were able to free up a month a year? Perhaps you’d use it to focus on growing your business. Or...

Where to Get Small Business Advice
Where to Get Small Business Advice

When you own a small business, everyone wants to give you advice. It can come from all kinds of sources: friends, family members, neighbors, social media connections, people you meet walking your dog. A lot of times such advice is not very helpful.    If you're...

A CPA’s Keys to Increased Sales
A CPA’s Keys to Increased Sales

Sarah and Tim own an independent home entertainment retailer, selling televisions, music systems, phones, computers, games and consoles as well as other consumer electronics. Having completed their year-end accounts and tax work, they were looking for increased sales....

A CPA’s Advice Helps Law Firm
A CPA’s Advice Helps Law Firm

David, the sole practitioner of a law firm, found that his revenue had stagnated and he was constantly facing cash flow problems. David was jolted into action by an honest conversation with his CPA, who asked him how many hours he worked in his firm each year. The...

Benefits of Cloud Accounting
Benefits of Cloud Accounting

Mary runs a small digital marketing agency with a small team, serving business clients seeking to optimize their potential customers’ experience in interacting with their websites and social media platforms. As the business started to grow, Mary had neglected the...

Construction Business Grows With CPA Advice
Construction Business Grows With CPA Advice

Stephen runs a construction business specializing in large basements and car parks. The business has been established for 25 years and has grown steadily, with revenue now into eight figures. Unfortunately, the profit margins are very slim and last year, Stephen’s...

Stay Focused While Working at Home
Stay Focused While Working at Home

Working at home affords you loads of freedom, but it also presents a different set of challenges that could stand in the way of productivity. Want to stay focused while working at home? These are helpful strategies that keep you on the ball while enjoying the comforts...

Managing Millennial Employees
Managing Millennial Employees

An expected 75,000,000 millennials are preparing to join or joining the workforce. These can be very good employees. Managing millennial employees in a fun, yet structured setting will let you build the foundation for the superior workforce you desire. Here are some...

Four Small Business Mistakes
Four Small Business Mistakes

It is only to be expected that business owners make financial mistakes which can jeopardize their dreams. Here are four of the most common small business mistakes and how business owners can avoid them. Failing to plan Few small businesses have a working budget and...

Dentist’s Revenue Jumped With Her CPA’s Advice
Dentist’s Revenue Jumped With Her CPA’s Advice

Dentist’s revenue jumps with one simple process change. Janice started a dental surgery practice three years ago. She had grown the business from nothing, reaching breakeven quickly through word of mouth and then moving into profitability. However, she also felt there...

34 Ways To Increase Small Business Earnings
34 Ways To Increase Small Business Earnings

Small business owners want to know how to increase their small business earnings. The good news is there are many ways to make more money. This includes managing every aspect of your practice and striving for productivity growth.      Here is a checklist with 34 ways...

Small Business Promotion for Free
Small Business Promotion for Free

Sometimes, having a great idea or product is not enough to get customers in the door. But small business promotion doesn't have to be a costly endeavor. There are a number of effective and free ways to get people excited about what you have to offer. Here are five...

Drafting a Strong Business Plan
Drafting a Strong Business Plan

Running a business without a strong business plan is like rock climbing blindfolded. Your chances of making it successfully to the top are slim. And the climb up will definitely be risky. Contrary to popular belief and practice, a business plan is not only a means to...

A Promotions Plan That Works
A Promotions Plan That Works

You may have the greatest product ever, but if you don’t tell the world about it with a well-crafted promotions plan, it will sit on the shelves collecting dust until the day comes when you finally have to close down your business. Remember: you know what is great...

Show Me the Money!
Show Me the Money!

"Show Me The Money!" Every business owner at one time or another has had this phrase or a version of it pass through their mind when brainstorming ways to find small business success. If you're one of them, check off your business against these six critically...

Questions to Ask Your Accountant
Questions to Ask Your Accountant

Before choosing an accountant to handle the nuts and bolts of your business's numbers, first you might want to interview the accountant and found out how they conduct their own business matters. We visited this topic in a more general overview in the past, but this...

Save Up For Summer Vacation
Save Up For Summer Vacation

With the summer vacation season coming soon, you’re probably already dreaming of pristine beaches, family reunions or mountain hikes. But for many people, those dream vacations stay just that — dreams— due to lack of funds. However, you still have time to start save...

Office Layout: Why It Matters
Office Layout: Why It Matters

With the new emphasis on ‘startup culture’ and the different business philosophies it implies, plus millennials placing a strong emphasis on workplace enjoyment, many companies are looking more closely at their own office culture. While there are many factors that...

Saving Your Small Business Money
Saving Your Small Business Money

Sometimes it's very challenging to grow a business while also saving your small business money. The more business you're able to get, the more resources you mostly likely need to satisfy your clients. But in order to increase profits, you have to learn how to grow...

What Millennials Should Do With Extra Cash
What Millennials Should Do With Extra Cash

Some younger people may be holding on to a lot of cash, studies show. Doing so may not be the best option. If you're lucky enough to have extra cash sitting around, here is some smart financial planning advice on what to do with it: For instance, a survey released...

Improving Your Local Marketing Reach
Improving Your Local Marketing Reach

Even with all their deep pockets, large corporations still have problems improving their local marketing. You may not realize it, but you have many advantages when it comes to growing your reach among members of your community. Some of the best ways to do that are...

Overcoming Small Business Challenges
Overcoming Small Business Challenges

Entrepreneurs and small business owners who follow the 3 tips below often enjoy success regardless of what business challenges are thrown at them. Those business owners who embrace these principles thrive during major economic downturns. And although these 3 tips may...

Did You Make a Tax Mistake?
Did You Make a Tax Mistake?

The April 18th tax filing deadline is finally in the rearview mirror. Now you might be sitting back, waiting for that refund check to hit your account – or trying not to think about that big one you had to write. Then, all of sudden, you realize you made a tax...

What Will You Do with Your Tax Refund?
What Will You Do with Your Tax Refund?

Most people who are expecting a tax refund this year or who already have gotten one plan to use the money to improve their personal finances. About a third (34%) say they'll use it to pay down their debt, and another third (33%) say they'll save or invest the money, a...

Claim Tax Credits Before It’s Too Late
Claim Tax Credits Before It’s Too Late

It's crazy to think, but many taxpayers every year fail to take advantage of the tax credits they're eligible for. With April 18 almost here, make sure you're up to speed on any credits you may be able to claim, as that could make a serious dent in your tax burden or...

Is Filing a Tax Extension Right for You?
Is Filing a Tax Extension Right for You?

The tax deadline is just around the corner. Maybe you’re overwhelmed at work or you misplaced the W-2 that your employer sent you weeks ago. Whatever the reason, it looks like you might not make the looming April 18 due date and filing a tax extension may be the right...

Spring Small Business Tips
Spring Small Business Tips

Besides being a time for reassessing personal finances, after tax season is a good time for small businesses to de-clutter business expenses and polish up business plans. Here are some tips for small businesses to perform a little "spring cleaning" of their own: 1....

Post-Tax Season Money Tips
Post-Tax Season Money Tips

After tax craziness subsides, spring is an ideal time to take a look at your money management. Here are some post-tax season money tips to help you get your finances in check before summer: 1. Run Your Credit Report Your credit score can impact everything from your...

10 Crazy Tax Facts for Tax Day
10 Crazy Tax Facts for Tax Day

Taxes have been levied on people since the beginning of civilization. Since Tax Day is almost upon us, we thought it would be fun to share some of the most interesting tax facts from the long and fascinating history of taxes: The number of words in Atlas Shrugged is...

5 Spring Financial Tips
5 Spring Financial Tips

As the year moves further into Spring, it's time to start thinking about how to refresh your financial life with these Spring financial tips. It may require just looking at things differently rather than making drastic changes. In the end, you want to put yourself in...

Tips for Education Tax Benefits
Tips for Education Tax Benefits

Income tax season is here. College students and their families should learn about available education tax benefits that can help lower their education costs. On average, families spend $24,000 a year on college. However, just over a third take advantage of federal tax...

Military Members Tax Tips
Military Members Tax Tips

Joining the military means changing your life. Frequent moves, new skills, and overseas deployments all come with the job description. Even taxes change for members of the Armed Forces. That's why we're providing military members tax tips. Over the years, the...

Huge Rise in Tax Email Scams & Phishing
Huge Rise in Tax Email Scams & Phishing

The Internal Revenue Service has issued a new consumer alert for tax email scams after noticing an approximate 400 percent increase in phishing and malware incidents so far during this tax season. The emails are designed to trick taxpayers into thinking they are...

Five Freelance Tax Tips
Five Freelance Tax Tips

Self-employed workers may have difficulty filing their taxes every year. These workers need to pay taxes on their income in addition to whatever self-employment taxes they might have. However, there are many self-employed tax tips that can help them reduce their tax...

The Future of the IRS
The Future of the IRS

The IRS is developing a “Future State” plan that it says will transform the way the service interacts with taxpayers. Many parts of the plan may ease the processing of filing returns, the issuing of refunds, and the identification and resolution of problems. But the...

Five Tips to Improve Financial Health
Five Tips to Improve Financial Health

If you are having trouble paying your bills, it is important to take action sooner rather than later to improve your financial health. Doing nothing leads to problems in the future, whether it's a bad credit record or bankruptcy resulting in the loss of assets and...

Is Your Social Security Taxable?
Is Your Social Security Taxable?

Are you social security benefits taxable income? Social security benefits include monthly retirement, survivor, and disability benefits. If you received Social security benefits in 2015, you should receive a Form SSA-1099, Social Security Benefit Statement, which will...

What To Do If You Owe the IRS
What To Do If You Owe the IRS

Do You Owe the IRS? Not everyone gets a refund. Many taxpayers owe money. It is important to make sure you file timely even though you may not have the money to pay to avoid late filing penalties. There are a number of ways to pay your tax:  Check or money order  IRS...

Five Key Tax Tips for New Businesses
Five Key Tax Tips for New Businesses

If you start a business, one key to success is to know about your federal tax obligations. You may need to know not only about income taxes but also about payroll taxes. Here are five key tax tips for new businesses that can help get off to a good start:  ...

How to Prevent Income Tax Refund Fraud
How to Prevent Income Tax Refund Fraud

How do you know if someone has filed a tax return using your Social Security number to commit income tax refund fraud? And what do you do then? This is happening all the time—the latest General Accounting Office (GAO) report says that IRS paid out over $5.8 billion in...

3 Common Entrepreneur Mistakes
3 Common Entrepreneur Mistakes

When it comes to starting a new business, most people focus on how they will win and achieve the American dream. But success isn’t something most new businesses experience. It's important to be aware of entrepreneur mistakes. “The painful truth is that the majority of...

2016 Tax Changes: A Checklist
2016 Tax Changes: A Checklist

Welcome, 2016! As the New Year rolls around, it's always a sure bet that there will be changes to current tax law and 2016 is no different. From health savings accounts to retirement contributions and standard deductions, here's a checklist of tax changes to help you...

3 Best Ways to Work with Millennials
3 Best Ways to Work with Millennials

The next-generation worker, aka the Millennial, is a big part of the business landscape and a huge part of the future. In fact, by 2020, Millennials will represent 50% of the workforce and an astounding 75% of the workforce by 2025. It’s important that your company...

How Workplace Conflict Can Improve a Business
How Workplace Conflict Can Improve a Business

Managed correctly, workplace conflict can be a positive source of innovation and creativity. Here are five myths about workplace conflict (plus tips on how to harness its power): 1. Conflict is always negative and should be avoided at work. Quite the contrary. When...

5 Benefits of Office Mindfulness
5 Benefits of Office Mindfulness

Office mindfulness is an increasingly popular notion, with companies such as Apple, Yahoo, Starbucks, and Google using it to their benefit. Google, for example, offers employees a 19-hour course on office mindfulness , which is so popular that thousands of Googlers...

Six New 2015 Tax Breaks
Six New 2015 Tax Breaks

The Protecting Americans from Tax Hikes Act of 2015 is a long-awaited legislation which offers a slate of personal and business tax breaks that had expired at the end of 2014. Here’s a quick summary of how the resurrected breaks can affect your 2015 federal income tax...

2015 Tax Provisions for Individuals
2015 Tax Provisions for Individuals

From tax credits and educational expenses to the AMT, many of the tax provisions affecting individuals for 2015 were related to the signing of the American Taxpayer Relief Act (ATRA) in 2012... ...tax provisions that were modified, made permanent, or extended. With...

5 Tips for Motivating Team Members
5 Tips for Motivating Team Members

Great managers are made by how well they motivate their team members. Here are five proven ways for motivating people on your staff. 1. They take responsibility for the store’s success and failure. Exceptional managers always have a “the buck starts and stops here”...

4 Small Business Strategies for 2016
4 Small Business Strategies for 2016

It might be time to stop cutting costs and start focussing on growth strategies again. The law of diminishing returns tells us that cutting costs with your business will have a positive effect, but there comes a point where the return on investment starts to diminish....

The Value of Accountability
The Value of Accountability

Accountability is truly essential for any successful organization. When team members take ownership of their projects and accept responsibility for outcomes, the entire company benefits. In order to foster a culture of accountability, leaders must step up to the...

What is a Business Barometer?
What is a Business Barometer?

Just as important as goal-setting is developing a way to track your progress. Having barometer, so to speak, will show you how you are progressing -- and how close you are to reaching your goals. Seeing your progress will also help keep you focused and motivated. In...

11 Tips for Year-End Tax Planning
11 Tips for Year-End Tax Planning

With the end of the year approaching, it’s time for strategic moves to lower your 2015 tax bill. Strategy: Prepay deductible expenditures If you itemize deductions, accelerating some deductible expenditures into this year to produce higher 2015 write-offs makes sense...

Choosing the Right Tax Professional
Choosing the Right Tax Professional

Choosing a return preparer before the next tax season allows you more time to consider the appropriate options. Doing it early also gives you the chance to find and talk with prospective tax preparers rather than during tax season when they’re most busy. Furthermore,...

Time to Check Tax Withholding
Time to Check Tax Withholding

Income tax is often withheld from wages and other types of income such as pensions, bonuses, commissions and gambling winnings. Ideally, taxpayers should try to match their withholding with their actual tax liability. If not enough tax is withheld, they will owe tax...

11 Habits of People Who Reach Their Goals
11 Habits of People Who Reach Their Goals

Research shows that 45% of Americans usually make New Year’s Resolutions, while only 8% are successful at achieving them. What is it about those 8% that make them so different? It might sound simple, but it comes down to their habits. Here are 11 you simply must have...

Year-End Tax Planning Tips
Year-End Tax Planning Tips

Got your year-end tax planning underway for December 31, 2015? WE UNDERSTAND that year-end can be a drudge because it means making sure your business accounts are up to date and in order. But don’t leave it until the last minute. No decision, or rushed decisions, can...

Year-End Tax Planning for the Individual
Year-End Tax Planning for the Individual

Tax planning for the year ahead presents similar challenges to last year due to the unknown fate of the numerous tax extenders that expired at the end of 2014. These tax extenders, which include the mortgage insurance premium deduction and the sales tax deduction that...

Is Your Accountant Right for Your Business?
Is Your Accountant Right for Your Business?

Is Your Accountant Proactive or Reactive? Does your Accounting and Tax Firm offer you advice before it happens or late or not at all? Do they offer value added services that help your business improve and grow or do they just process your work? Are they constantly...

A Recipe for a Successful Small Business
A Recipe for a Successful Small Business

Since its inception, the United States has always been considered “the land of opportunity” – a place where any individual with motivation and drive can have a successful small business. This notion still holds true today as 99 percent of all American companies are...

Five Tips for Smart Business Growth
Five Tips for Smart Business Growth

Taking your business from the start-up phase to becoming a medium-sized enterprise is a pivotal step for many entrepreneurs. If you are at this stage, congratulations! You have succeeded where many others have failed, and you are potentially on your way to becoming a...

Five Ways to Provide Parental Leave For Employees
Five Ways to Provide Parental Leave For Employees

With the right infrastructure, small businesses can not only survive, but thrive by giving employees parental leaves. For example, Becca Apfelstadt has a $3 million, 20-person company, treetree, that works with large corporate marketing departments. Her company...

Is Forgiven Debt Taxable?
Is Forgiven Debt Taxable?

Generally, debt that is forgiven by a lender is considered taxable income by the IRS and must be included as income on your tax return. Examples include a debt for which you are personally liable such as mortgage debt, credit card debt, and sometimes, student loan...

The Art of Positive Feedback
The Art of Positive Feedback

Knowing how to effectively give positive feedback is a powerful tool to develop employee skills and talent. However, many leaders on the front lines, middle management, and upper tiers of organizations often overlook positive feedback and reinforcement, or are unsure...

A Simple Trick For Keeping Good Team Members
A Simple Trick For Keeping Good Team Members

Finding good staff members is consistently in the top three priorities for small business owners. It seems that business owners will tell you that this problem is worse in their country than any other.  Clearly that can’t be true, but it gives an indication of how...

Positive Thinking in the Workplace

Do your co-workers ever feel upset or angry in the workplace? Let’s look at the kind of feelings that can impact your work negatively and what kind of mental exercises can help you work around those feelings to keep your positive thinking alive. Recognize those bad...

The Power of a Positive Outlook
The Power of a Positive Outlook

Nothing mirrors your quality of life more than your thinking. By deciding to take a positive outlook on life, one can begin to discard a negative frame of mind and view life more positively, with the anticipation of opportunities and challenges ahead, instead of...

Knowing When to Sell Your Business
Knowing When to Sell Your Business

Many business owners have the mistaken idea that retiring from their business will be a pretty simple process... ...they’ll just find a buyer when they’re ready to retire and live off the proceeds of the sale for the rest of their lives. In an ideal world, this would...

Co-Owner of Williams and Kunkel Places In Bodybuilding Competition
Co-Owner of Williams and Kunkel Places In Bodybuilding Competition

CPA Beth’s bodybuilding dream becomes a reality... Flower Mound CPA and co-owner of Williams & Kunkel CPAs, Beth A Williams, placed as a newcomer in the Masters Bikini Division at The National Physique Committee (NPC) JTF Physique Championships held at the Irving...

Richard Branson’s Tips for Finding Work-Life Balance
Richard Branson’s Tips for Finding Work-Life Balance

Sir Richard Branson recently posted his top five tips to achieve a work-life balance. The businessman - who began his first business at just 16-years-old - is best known for starting the Virgin Group, which is made up of 400 companies. Comparing it to walking a...

How To Protect Your Small Business
How To Protect Your Small Business

Small businesses have a lot to manage, and often without a lot of resources to do so. The focus is on keeping the business running smoothly, pleasing customers, and making a profit. But in today’s digital world of non-stop news headlines reporting data breaches and...

How to Take a Holiday Break as a Small Business Owner

Everyone deserves a break, especially those who work hard trying to a get a business off the ground. A recent survey found that three quarters (76%) of small business owners and entrepreneurs skip their holidays in order to keep their business running smoothly. But...

Strategic Planning Steps for Business Management

What are the Strategic Planning Steps? The Strategic Planning Steps business management system is an organizational tool that is used by groups and corporations globally to refine their goals and maximize their resources. Drawing from the concepts of strategic...

How To Plan For Succession In Family Business

It's never too early to start succession planning in a family business. Here's a story... ...From the moment the Yung Kee restaurant sold its first goose in Hong Kong, in the 1960s, its founder Kam Shui-fai groomed two of his sons for management roles. However he...

Motivating A Team With More Than Pay Raises
Motivating A Team With More Than Pay Raises

Staff motivation should always be on top of your priority list because a business thrives when it’s people thrive. If they’re not motivated – if they don’t feel as if they’re adding value and are indispensable within the team – then your business is at a huge...

The Trinity of Management
The Trinity of Management

The Trinity of Management is a simplified concept of basic business management. Coined and trademarked by Ernesto Sirolli, it makes it relatively easy to get across the basics of business by creating a framework in which we can start the work of building a solid new...

How to Find Better Balance Between Work and Life

It used to be that you’d finish high school and quickly move in one of two directions.... ...you either enrolled in a four-year college to work towards a degree, or you got a job right out of high school and never looked back. Enter the modern day, when more and more...

4 Ways to Scale Your Service Business
4 Ways to Scale Your Service Business

Owning a service business can be tough, and running a service business day-in and day-out can be even tougher. For many service business owners, building a service business stopped being fun a long time ago and somehow it mutated into a "job." Here are 4 tips to help...

How To Balance Work and Life As a Small Business Owner
How To Balance Work and Life As a Small Business Owner

Running a business is not easy. It requires a lot of time, hard work, and sacrifice. If you operate your own small business, you’re likely all too familiar with the never ending to do list. Maybe you’ve even given up weekends and burned the midnight oil to make sure...

Five Tips on How To Find the Right Accountant

If you're thinking about hiring an accountant, you've probably discovered that you may need one for more than just crunching numbers. Today, many accountants strive to serve as small business financial advisors. Many of them want to be there for you at every stage of...

How To Build a High-Performance Business
How To Build a High-Performance Business

Building a high-performance organization means successfully outperforming one’s competitors for the long haul. But...how exactly is this done? If you start by looking at key characteristics of high-performing organizations, a blueprint for achieving long-term success...

Falling In Love With Your Small Business All Over Again
Falling In Love With Your Small Business All Over Again

It’s the middle of summer, and you’re stuck behind the desk at your small business — working and sweating. Your friends’ Facebook feeds are filled with pictures of them happily enjoying a drink on some beach. It’s no wonder you’ve lost that loving feeling for your own...

Mentors Can Help Guide Your Business
Mentors Can Help Guide Your Business

Each new financial year is a common time for people to reconsider their approach to their business. Whenever we meet a business owner, we like to ask about their business model and what they are looking to achieve in the next three years. It’s rare to get a concise...

Things to Consider Before Changing Your Business
Things to Consider Before Changing Your Business

It’s important to thoroughly vet a process before going to all the effort of improving it. Checking in with important stakeholders and customers is a critical step to undertake before the change effort. Sometimes we live in our own little world even though we’re...

3 Cost-free Team-Building Exercises
3 Cost-free Team-Building Exercises

What's a team without trust? Mary Scannell, author of "The Big Book of Low-Cost Training Games" and several other team-building books, says a lack of trust among team members is a major concern for many managers she consults. "Everybody's just clamoring for 'How do we...

How Downtime Can Be Full of Opportunity
How Downtime Can Be Full of Opportunity

The dog days of summer can be a time for retooling and opportunity. Although it can be hard trying to keep a business running, there's still hope for growth. Here's a list of tips for small business owners who want to turn downtime into opportunity. Conduct a mid-year...

3 Ways to Boost Your Business’s Success
3 Ways to Boost Your Business’s Success

Helping your business reach its goals for success is within your power. Boosting productivity and efficiency gives small businesses a competitive edge and can often mean the difference between thriving or barely hanging on. Though increasing efficiency can be hard at...

Building an Excellent Team
Building an Excellent Team

What makes an excellent team?  Diversity, an entrepreneurial spirit, and ambition are some of the key ingredients of a successful team in any industry. Gathering talent from a variety of backgrounds can better ensure that all kinds of tasks get done by qualified...

7 Tips on Building a Strong Team

Entrepreneurs need to be effective team leaders... .....since no one can transform an idea into a product and a business without some help. Fortunately, team building is a skill that can be learned and practiced, for those willing to put in some effort. Take a look at...

How To Get The Best Out Of Your Employees
How To Get The Best Out Of Your Employees

Hiring your first employee is a big step. You’ll want to make sure that you help your new hire to maximize their performance. We suggest following four steps that are simple, but time tested: 1. Set the right goals Goal setting is essential. It helps employees to...

How to Plan Your Pipeline of Growth
How to Plan Your Pipeline of Growth

Nurturing clear strategies for growth Effective growth plans are built from a targeted strategy that builds sales and profit  by channel, customer, and product to identify what can be achieved. These plans are usually more realistic and will include a new customer or...

How a Business Plan Can Help Your Business Grow
How a Business Plan Can Help Your Business Grow

The Power of Drafting an Annual Business Plan ....If you want to grow, one of the most important steps is to develop a plan for growth — and then make planning an ongoing process of your company. Remember: You can't reach a goal you haven't set. It's planning that's...

How Technology Can Make Bookkeeping Easier
How Technology Can Make Bookkeeping Easier

Four Ways Technology Can Help With Bookkeeping Does it seem like every time you plan to work on your business's books , you get distracted? Well, if so, you're not alone. Tackling the books is one of a business owner's biggest headaches. Luckily, there's technology...

A Simple Strategy to Get Closer to Your Goals
A Simple Strategy to Get Closer to Your Goals

Getting closer to your goals, one day at a time requires some planning... But when it comes to our to-do lists, far too many of us become undisciplined yes-women and yes-men. We complete easy tasks as we attempt to feel productive, instead of actually being...

Williams & Kunkel, CPAs LLP client case study Jewelry Theory
Williams & Kunkel, CPAs LLP client case study Jewelry Theory

Matching their passion for jewelry with their drive to revolutionize the industry... Dallas-based Jewelry Theory is not a jewelry store: it is a new approach to jewelry design and creation. And it’s catching on fast. We spoke with one of the four owners and Head of...

Tax season lessons for next April 15
Tax season lessons for next April 15

Tax season is over. Is hindsight really that helpful? Now you can take a sigh of relief and push any thoughts of taxes far from your mind, right? Then repeat and rinse by doing the stress-filled mad dash all over again in just under 12 months (just like you swore you...

STRATEGY Use it to succeed in your business
STRATEGY Use it to succeed in your business

Developing strategy to succeed in business A recent survey, conducted by The High Center for Family Business at Elizabethtown College and the Pennsylvania Chamber of Business and Industry, found that 65% of family businesses do not have a strategic plan. Many...

Improve your business bookkeeping – start with your check book
Improve your business bookkeeping – start with your check book

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...

Is your business planning suffering from SPOTS Syndrome?
Is your business planning suffering from SPOTS Syndrome?

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...

6 easy ways to prepare for April 15 next year
6 easy ways to prepare for April 15 next year

Many surprises could arise from now until next April 15, including life changes and new tax laws. Right now is the best time to create a system that better organizes your taxes and gets you a head start on next year's filing. IRS offers some handy advice on how to do...

6 great tips to nailing your goals
6 great tips to nailing your goals

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...

Missed the April 15 tax deadline?
Missed the April 15 tax deadline?

Pay IRS now if you still owe taxes If you still owe taxes and missed the April 15 deadline for filing and payment, you could be incurring interest and late penalties as you read this. File and pay the IRS pronto! If you file your federal tax return late and owe taxes...

7 strategies for growing your business
7 strategies for growing your business

Now you want a growth plan? What could go wrong? Here are seven common areas where we regularly see mishaps when businesses try to develop and execute a growth plan: Concentrating resource. A good sales strategy looks at all available resources and concentrates them...

5 essentials for QuickBooks users
5 essentials for QuickBooks users

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...

6 ways to avoid an IRS audit
6 ways to avoid an IRS audit

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...

5 tips for making a knockout business plan
5 tips for making a knockout business plan

While most business owners may find it hard to come up with new ideas, there is really no excuse for having a poor business plan. During the early days of your startup journey, you should be able to do two things better than anything else: 1) give a straightforward...

Tax season record-keeping stressing you out?
Tax season record-keeping stressing you out?

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...

10 handy QuickBooks home page tips
10 handy QuickBooks home page tips

You probably have the basics down already, but did you know you can click these 10 things on the QuickBooks home page and be even more productive? QuickBooks logo Why it’s useful: one click takes you back to the home page, no matter where you are. Welcome Guide Why...

4 things you should ask before hiring a tax preparer
4 things you should ask before hiring a tax preparer

With a few weeks left before the April 15 tax filing deadline, it's that dreaded time of year for those who'd rather give the task of preparing their taxes onto someone else. If you’re one of the 60% of tax filers who plan to hand over your tax affairs to a financial...

7 strategies for actually achieving your goals
7 strategies for actually achieving your goals

We all want to stay focused on our goals, but that can be hard with all of life’s twists and turns. With all of your professional and personal demands, you might feel like you don’t have enough time to relax, have fun or plan for the future. Before long, your goals...

Using SWOT analysis to grow your business
Using SWOT analysis to grow your business

6 tips to help you understand, evaluate and take advantage of your SWOT analysis when applying it to the growth plan of your business. The use of SWOT Analysis allows you to identify the strengths of your business, minimize its weaknesses, take advantage of...

Could partnership be right for your business?
Could partnership be right for your business?

Searching for the perfect business partner isn’t easy. But if you are lucky enough to find a good match, the rewards can be great. Sometimes, sharing the burden of doing business can make a lot of sense, but is it worth giving up your autonomy for a share in your...

7 great tips for setting business goals
7 great tips for setting business goals

We all have to set goals for our business. And some ways of doing this are better than others, certainly when it comes to achieving results. Here we’ve picked seven of the best: 1. Ask yourself, “What do I really want?” When it comes down to it, if the goals you’re...

Want to make this year’s tax season easier? Get organized
Want to make this year’s tax season easier? Get organized

How to prepare your business for tax season With the April 15 personal tax deadline looming, businesses have until March 15 to file. Luckily, there are many ways to prepare to get you and your business ready for this tax season: 1. Send your own 1099s If you work with...

Accounting can be sexy
Accounting can be sexy

The old system of accounting is really boring. If you are like most small business owners each month you ‘transact’ (making it, buying it and selling it) through a manual system, a spreadsheet, a timesheet, a cash register and/or a receipt or quote book. Then...

5 great strategies to help you this tax season
5 great strategies to help you this tax season

Knowledge is power, but what if you don’t have time to find out what you need to know about how to save on your taxes? Williams & Kunkel, CPAs, LLP offers the following strategies that could truly help you and your family this tax season: 1. Take tax deductions...

Williams & Kunkel, CPAs LLP client case study Jesse James Fit
Williams & Kunkel, CPAs LLP client case study Jesse James Fit

Just as the before and after images on the website show the amazing transformations of their clients... So too has local business Jesse James Fit in Flower Mound experienced its own metamorphosis. Office Manager Maddie and Administrative Assistant Sally provided some...

Williams & Kunkel, CPAs LLP client case study TSI
Williams & Kunkel, CPAs LLP client case study TSI

Bill Beatty at Telephone Services, Inc. talks about his accounting, payroll and more. Bill Beatty was working as VP at Telephone Services, Inc. (TSI) in Lewisville when the business came up for sale in 2005, and he jumped at the chance to own it. After all, how hard...