Posts Tagged ‘Best CPA Firm Southlake’
“Wash Sales” Rule And Your Tax Planning
As the end of another year approaches, you’re looking for ways to reduce your tax bill. You have a handful of stocks in loss positions. You like the stocks and expect the prices to rebound. Should you sell now at a loss to offset other capital gains, then buy the shares right back again? Not…
Read MoreData Security Is An Essential Part Of Customer Care
Security breaches of confidential data capture the global news headlines on a daily basis. Identity theft has become so commonplace that credit card companies and banks market their protection efforts as free services to their customers. The IRS is at risk too, with impersonators using the fear and authority of the government to prey on…
Read MoreQuestions To Ask Before Signing A Business Loan
Are you thinking of taking out a loan to buy new machinery or additional inventory for your business? Before you sign that loan document or credit application, consider the following questions before signing a business loan. What’s the true cost of borrowing? The interest rate on your business loan may be variable, fluctuating over…
Read MoreTeach Your Kids To Use Credit Cards Responsibly
No doubt you have shared the adage “if it sounds too good to be true, it probably is” with your children. That caution is wise, especially when teaching your kids how to use credit cards responsibly, because misuse of credit can have a long-term impact on financial health. The main lesson you want to impart:…
Read MorePayroll Responsibilities Go Beyond Writing Paychecks
As an employee, you may not have thought much about the procedures behind the issuance of your paycheck. But as a new business owner, you’ll need to understand how federal employment taxes work because you’ll have to withhold these payroll taxes from your employees’ paychecks. Here’s an overview of four types of payroll tax. Social…
Read MoreDana McGuffin CPA Voted BEST OF LIVING CPA in Northeast Tarrant County 2014-2016
We are so pleased to announce that Dana McGuffin CPA won the BEST OF READER’S CHOICE AWARD for BEST OF LIVING CPA in LIVING magazine for the third consecutive year! Thank you, to our friends of the firm, clients, and LIVING magazine readers for voting Dana McGuffin CPA Best CPA in Northeast Tarrant county for the third…
Read MoreTips To Manage Work-From-Elsewhere Employees
It’s a mobile world, and your employees may be asking to work from a location other than your office. Adapting to this request can allow you to keep quality talent and accommodate workers who may have health or other issues that make working in a traditional office difficult. But managing employees from a distance can…
Read More“Crowdfunding” Raises Tax Issues
Raising funds in small amounts from a large pool of people, also known as crowdfunding, has become a popular way for budding entrepreneurs to drum up the working capital for pet projects. It seems like everyone from twenty-somethings to stay-at-home parents to retirees are getting in on the act. Here’s how the process works. Let’s…
Read MoreWhat’s Your Personal Net Worth?
Net worth is a familiar term, but you may not calculate or watch it in the same way you track your income. Yet personal net worth is a valuable measurement tool for overseeing your financial success. In a nutshell, net worth is total assets less total liabilities, such as debts. Here’s an example. Say your…
Read MoreYour Child’s Allowance Offers An Opportunity for Financial Education
Do you give your child an allowance? A recent report by the American Institute of Certified Public Accountants showed that more than two-thirds of American households provide an allowance to children, and that the allowances average $68 per month in exchange for six hours of household chores. If you’re considering giving your child an allowance,…
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