What Is a Tax Projection?

What Is a Tax Projection?

Similar to a financial plan, a tax projection is a financial tool that helps you know how the future may look like depending on some already set assumptions. Usually, tax projection involves using your previous year’s deduction and income information to predict...
Did you file for an extension?

Did you file for an extension?

The Tax deadline has passed – did you file for an extension? Taxes are a burden, one that Master Plan Taxes wants to take from you. As tax day comes and goes, you can depend on Master Plan for the best Tax Preparation Services Flower Mound, TX –...
June 15 is Tomorrow

June 15 is Tomorrow

Reminder: June 15 is Tomorrow You probably think of April 15 as tax day, but it hasn’t been for the last two years. Due to the COVID-19 pandemic, the IRS has extended the tax filing deadline for the past two years. In 2020, it was moved to June 15, and this...
Do You Need Internal Accounting Controls?

Do You Need Internal Accounting Controls?

How to Keep Risk at Bay With Internal Accounting Controls Internal accounting controls make sure that your business is tax compliance, that you have reliable financial records, and even allow you to find out if an employee is stealing from you, as well that’s...
Filing Taxes For 2020?

Filing Taxes For 2020?

Due to the Texas winter storms of February 2021, the Internal Revenue Service (IRS) has extended the 2020 income tax filing and payment deadline to June 21st, 2021. This means that if you haven’t yet contacted any tax service experts in Flower Mound TX, now is the...
June 15 is Tomorrow

What is the Texas Tax relief?

Many people are victims of the Texas winter storms of February 2021. The Internal Revenue Service (IRS) has announced storm victims will have until June 21st, 2021 to file different types of tax returns. These are tax payments, business tax returns, individual tax...