Posts Tagged ‘CPA Firm Southlake’
Simple Ways to Establish Good Credit
A good credit history is nearly indispensable. Without it, you’ll have trouble buying a car, renting an apartment, and perhaps even getting a job, since some employers order job applicants’ credit reports. Here are ways to establish a good record. * Start by ordering free credit reports from the three major credit bureaus. What’s the…
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 MoreTime-Tracking: QuickBooks Online Plus, Part 1
You can’t see time. Nor can you look at hours and minutes to see how many you have in inventory. But if you’re a service-based business, your income is derived from this invisible asset. Billable time needs to be entered and invoiced with absolute precision. QuickBooks Online Plus has this covered. By using its time-tracking…
Read MoreUsing QBO’s Accounts Receivable Reports
With the holidays and year-end over, you can turn your attention to catching up with your customers. It would be nice if we could neatly wrap up every accounting month or quarter or year neatly, with all of our transactions completed. All current bills and invoices would be paid, physical inventory counts would match the…
Read MoreMonitor Your Accounts Receivable
Monitoring your accounts receivable may seem like one more chore in an already busy workday. But this simple activity is important. Here’s an illustration. Say you’re operating with a gross profit margin of 20% and your uncollectible receivables are $10,000. Your business must generate an additional $50,000 in new sales to make up for the…
Read MoreLindsay Polyak Appointed to Southlake Chamber Board of Directors
Dana McGuffin CPA, PLLC is proud to announce that Firm Manager Lindsay Polyak has been appointed to the Southlake Chamber’s Board of Directors. Lindsay has been actively involved in the Chamber since 2009, through the Ambassadors’ Committee, which she currently chairs. Lindsay will serve a 3-year term on the Board of Directors. The Board of…
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