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News Updates

Useful Online Productivity and Security Tools

Here are several popular free or inexpensive online tools that can help manage and protect your online activities. They range from password management tools to security protection services. Password Managers A decade-old study by Microsoft estimates that the average person memorizes about six passwords and reuses them over and over. Today most people use dozens…

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Protect Yourself From Port-Out Scams

Mobile phones not only contain our personal details and information about everyone we know; they are used to verify our identities and unlock access to our financial accounts. Now scammers are using a process called a “port-out” to hack into our phones to change our passwords, steal our personal data and even empty our bank…

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Staying Organized At tax Time

Organizing your tax records not only makes filing your tax return easier, it also helps you find the financial documents you need throughout the year. Whether you’ve already filed your tax return or are about to, here are some tips to get organized. Go with the flow (of your tax return) Try organizing your records…

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Answers To Commonly Asked Tax Questions

With all of the headlines about the changes to tax law, you probably have lots of questions. Here are answers to some of the most common questions taxpayers have this year. I’m hearing about a lot of changes to 2018 taxes. What should I do? A. You’re right, there are a lot of changes in…

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Alert: Expired Home and Education Tax Breaks Revived

Congress passed a federal budget bill in early February that revived dozens of expired tax breaks for the 2017 tax year. They include a deduction for education expenses as well as several tax breaks for homeowners. If you have not yet filed your 2017 tax return, please be aware these late changes are retroactive to…

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Taxes and Virtual Currencies: What You Need To Know

Virtual currencies are all the rage lately. Here are some tax consequences you must know if you decide to dip your toe in that world. The IRS is paying close attention The first thing to know is that the IRS is scrutinizing virtual currency transactions, so if you live in the U.S. you’ll have to…

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Dana McGuffin CPA Wins Best of the Best CPA 7th Year in a Row

You did it again, friends! Thank you for choosing us as Southlake’s Best of the Best CPA Firm for the 7th year in a row! We have been honored to be voted Southlake’s best CPA firm since 2011 and it’s our privilege to serve community businesses, ministries, and churches. Thank you for the opportunity to…

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Toys for Tots at Dana McGuffin CPA 2016

Toys for Tots 2016 at Dana McGuffin CPA

We are SO excited to be an official drop-off location for Toys for Tots 2016 and will be gratefully accepting new, unwrapped toys November 28th – December 9th, from 9AM to 5PM. Please join us for cupcakes and coffee at our 4th annual Toys for Tots gift reception Thursday, December 1st from 1-3PM. Our office…

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New Phishing Scheme Involving W-2s

W2 Phishing Scheme

Dana McGuffin CPA has recently heard of an instance where this very scheme was perpetrated within a company in the DFW area. Be aware and take precautions by educating your staff. From IR-2016-34, March 1, 2016: The Internal Revenue Service today issued an alert to payroll and human resources professionals to beware of an emerging phishing…

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