Posts Tagged ‘Best CPA Southlake Texas’
Dana 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 MoreNavigate Business Changes Successfully
Change happens. That’s especially true in the business world, where changes may be mandated by tax or regulatory requirements, increased competition, shifts in customer needs, or technological advances. Whatever your reason for making a change in your business, managing the process effectively is the best way to succeed. Here are suggestions for handling change. Clarify…
Read MoreClose Is Not Good Enough With New Reporting Rules
The old adage “close only counts in horseshoes” is an accurate reflection of the new IRS information reporting rules. Beginning with 2016 returns, due dates for Forms W-2 and certain Forms 1099 have been moved up, and the penalties for late or inaccurate forms have substantially increased. Here are the new filing deadlines and reporting…
Read MoreReal Estate Matters: Know The Tax Rules
Taxes are an important part of the decision to own real estate. Here’s a brief overview of tax benefits you can realize while you own real property, as well as when you sell or otherwise dispose of the property. Current expenses. As a rental property owner, you can deduct current expenses to offset the tax…
Read MoreManage Your Tax Refund with Direct Deposit
Will you be receiving a tax refund this year? If so, you have the opportunity to make some smart financial choices – and best of all, you can make them painlessly. Here’s how: Direct deposit your refund. That way, all or part of your tax refund will automatically be deposited via electronic transfer system into…
Read MoreStart Planning for Next Year’s Individual Tax Return Using this Year’s Return
Whew! You filed your individual tax return and now you’re ready to forget all about taxes until next year. Not so fast! Your 2015 tax return is a great tool to help you plan for 2016. Here’s what to look at. Review your withholding. If you owed tax this year or received a large refund,…
Read MoreTracking Products and Services in QuickBooks Online, Part 1
Inventory management requires precision, constant attention, and smart decisions. QuickBooks Online can help with tracking products and services. If you started small with your business, keeping track of your product inventory was probably pretty easy. Maybe you kept your stock in a few boxes or a closet, and it was easy to tell at a…
Read MoreLast-Minute Moves That Can Lower Your Tax Bill
Only one month to go until tax filing day! That means you still have time to trim your 2015 tax bill. Here are last-minute moves to consider and deductions to remember. Maximize your 2015 IRA contribution. You have until April 18 (or April 19 if you live in Maine or Massachusetts) to make deductible 2015…
Read MoreTax News – 2016 Tax Changes to Note
2016 tax changes you need to know about: Effective beginning with 2016 taxable years, the de minimis tangible property safe harbor has increased to $2,500 per invoice or item. The change affects regulations issued in 2013 that clarified when your business could expense tangible real and personal business property. Previously, the de minimis safe harbor…
Read MoreImprove Your Financial Well-Being With an Annual Review
You’re slogging through paperwork, gathering and organizing information to prepare your tax return. Take heart – you can make your hard work do double duty by using those same records to improve your financial well-being. Here are suggestions to get you started. Write down your financial goals. How much money will you need to meet…
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