If I am late filing my taxes what do I do?

If I am late filing my taxes what do I do?

Life gets busy and a person can easily overlook his or her taxes, especially if it slips the mind and tax day passes. Due to this, you could forget to file your taxes and you don’t know what to do in this situation. If this has happened to you, then you should...
What Do I Need to File My Taxes?

What Do I Need to File My Taxes?

Due to the coronavirus (COVID-19) pandemic, the Internal Revenue Service (IRS) has extended the 2019 income tax filing and payment deadline to July 15, 2020. This means that if you haven’t yet contacted any tax service experts in Flower Mound TX, now is the time to do...
Tax deadline of July 15 is approaching

Tax deadline of July 15 is approaching

Amid the coronavirus pandemic affecting the nation, the United States government extended the tax filing deadline for 2020 to July 15, instead of the usual April 15. Many people have benefited from this new deadline, but, even with the extension, it’s...
The Importance of Bookkeeping

The Importance of Bookkeeping

Successful institutions record all its transactions for future use. The process of recording all financial transactions by various companies perfectly describe bookkeeping. Keeping track of all your company capital information will be crucial to your decision making...
What is the Employee Retention Tax Credit?

What is the Employee Retention Tax Credit?

In response to the coronavirus pandemic, the Federal government has put in place many policies to encourage employers to keep employees on the payroll while the employer may have reduced revenue. This reduction in revenue may have been caused by a decrease in the...
What is the Paycheck Protection Program?

What is the Paycheck Protection Program?

The PPP also known as the Paycheck Protection Program is a loan from the Small Business Administration also known as SBA, which assist small businesses in keeping workers employed during the COVID-19 virus. This ensures that workers will stay on the payroll and will...
Don’t wait to do your taxes!

Don’t wait to do your taxes!

Why you Should Avoid Filing Your Taxes Late in Flower Mound TX Finishing your taxes may feel like the financial equivalent of extracting teeth, but many reasons exist as to why you should not wait until the last second to file taxes in Flower Mound, TX. Finding out...
OUR NEW NORMAL

OUR NEW NORMAL

Hi all, I’m sure you’ve gotten a hundred emails of this sort recently. We are all working to find balance in our new daily routines and remain as productive as possible. I want to take time to discuss a few things that have changed in light of recent events: First,...
Are You 70 1/2 or Older?

Are You 70 1/2 or Older?

  The age of 70 1/2 brings many pleasantries to mind. These may include retirement, travel, financial security and more. This is also a very important age financially speaking. You will be required to begin taking distributions from retirement accounts and may also be...
The SECURE Act Passed in December, 2019!

The SECURE Act Passed in December, 2019!

How will the passage of The SECURE Act impact your tax situation? On December 20, 2019, President Donald Trump signed this landmark piece of legislation into law. Passed with bipartisan support, the “Setting Every Community Up for Retirement Enhancement...