Taking a Home Office Deduction: A Great Tax Reduction Idea, If Done Right!

Cloud-based applications, extensive communication channels, and other new technologies make it easier to run your business out of your home. If you qualify, many home business expenses are deductible. Think you might qualify? You must first pass these tests. Trade or business use test. To qualify for business use of your home you must use…

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Keys to Creating a Satisfying Retirement

You’ve done your retirement homework. Your assets are reviewed, you know your financial needs, and your retirement tax plan is in place. Are you ready to enjoy retirement? Probably, but not without a plan to address what happens to many after they retire – boredom. Here are some ideas. Go to school. Many colleges and…

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Give your Credit Score a Boost

Your credit score is one of the most important aspects of your financial health. It is used by potential lenders, landlords and even employers to analyze your financial situation in one way or another. Here are some tips that might help you improve your score: Review your credit report and, if necessary, fix errors. You…

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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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Stay Prepared To Sell Your Business

If you enjoy running your own business, selling it may be the furthest thing from your mind. But the reality is that eventually an opportunity to sell will come, whether due to your own life changes or a perfect buyer walking in the door. Planning, often years in advance of the sale date, is necessary…

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Part-Time Data Entry Team Member (Southlake, TX)

Hiring at Dana McGuffin CPA

Are you passionate about using technology and working with people who make a difference? Do you enjoy using software and learning new ways to be efficient? Are you great at data entry and admin tasks? Dana McGuffin CPA in Southlake, Texas, is an amazing, growing company, and we provide awesome accounting and tax services to…

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Hiring For the Summer? Know the ACA Rules

Know the ACA Rules Before Hiring This Summer

If you’re an employer, what you have to do to comply with Affordable Care Act (ACA) rules depends on the size of your workforce. When you have 50 or more full-time employees – a total that can include seasonal workers – you have to deal with additional reporting and coverage requirements known as the “employer…

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Dana McGuffin CPA Voted Best of the Best CPA Firm in Southlake TX for 6th Year in a Row!

Dana McGuffin CPA Voted Best of the Best CPA in Southlake TX for 6th Year in a Row!

Dana McGuffin CPA is honored to receive the Best of the Best CPA award from the Southlake Journal for the sixth year in a row! The Best of the Best contest is held in January each year, and Southlake Journal readers vote for the best business in each business category. Other categories in the voting include…

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Are You Aware Of Your Healthcare Reporting Requirements?

Healthcare Reporting Requirements

If you’re an applicable large employer, there may be healthcare reporting requirements that will impact your business. You may be required to file a new tax form this month. Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, is required for each full-time employee. The form discloses information on the group health insurance coverage you provide.…

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