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Articles

Advice for business owners

Straight talk on tax planning, accounting, and financial strategies your company needs to grow fast and smart.

What Deductions can I Claim Without a Receipt?

What Deductions can I Claim Without a Receipt?

The “$75 rule” allows business owners to deduct four common business expenses without a receipt—but only if the expenses are less than seventy-five dollars. Remember the “$75 rule?” Here are, well, the rules.

What Does a CPA Do For a Small Business?

What Does a CPA Do For a Small Business?

Business owners want to know what they get for what they spend, and CPAs are no exception. Here are the high-impact benefits and outcomes of hiring a quality CPA. Is it worth the cost? You decide.

How To Find a Niche For Your Business

How To Find a Niche For Your Business

“Appeal to everyone. Appeal to no one.” That’s a statement small business owners should put on a poster and hang in the office. Because niche...

How to Keep Track of Business Expenses

How to Keep Track of Business Expenses

How to keep track of business expenses at scale? I asked a CEO and bookkeeper about habits and processes. Surprise! It’s actually simple.

Reminder: Q2 Tax Filing Deadline

Reminder: Q2 Tax Filing Deadline

When are Q2 taxes due? If you're asking Google, then your business needs a CPA. Until then, I can help. Today, I'll guide you through the process of...

Top Accounting Practices of 2023

Top Accounting Practices of 2023

Investors and buyers want to see airtight financials and performance numbers they can trust. If you ever want to sell, now is the time to professionalize your accounting.

When to Change Your Accountant

When to Change Your Accountant

Here are four criteria small business owners can use to evaluate their CPA’s performance post tax season.

How to Choose a Business Bank Account

How to Choose a Business Bank Account

More than a quarter of small businesses rely on a personal bank account instead of a dedicated business account¹, and almost half use personal...

Tax Season is Over. What’s Next?

Tax Season is Over. What’s Next?

If small business owners knew what to do after tax season, we'd see tax savings increase next year by wide margins. So what do you do after tax...

How to Keep Small Business Taxes Low

How to Keep Small Business Taxes Low

Sometimes business owners just get it. I ran into a client at the Fort Worth Arts Festival last weekend. He said, “Just a quick check-up," and...

How Long to Keep Business Tax Records

How Long to Keep Business Tax Records

Tax documents, statements, receipts, ledgers, titles—how long should you keep your records? Get the facts that keep your business IRS-compliant.

An Introduction to Amending Tax Returns

An Introduction to Amending Tax Returns

Yes, you’ve filed. But tax returns aren’t etched in stone, and businesses can correct mistakes and take advantage of opportunities retroactively by...

Is Depreciation Tax Deductible?

Is Depreciation Tax Deductible?

Is depreciation tax deductible? Which assets can and can not be depreciated? Stay informed with my comprehensive guide to depreciation.

How to Avoid Small Business Tax Mistakes

How to Avoid Small Business Tax Mistakes

Tax and bookkeeping errors cost small businesses millions in taxes each year. Avoid the five most common mistakes with easy solutions you can implement now.

Do Businesses Get Tax Refunds?

Do Businesses Get Tax Refunds?

Yes, businesses get tax refunds. And we can break down business tax refunds into two types: Tax Refunds for Overpayment: These refunds apply to...

Why Your Business Needs A Fort Worth CPA

Why Your Business Needs A Fort Worth CPA

If you want winning tax and financial strategies that align with your business objectives, it's time to adjust your thinking when it comes to hiring...

How to Avoid Cryptocurrency Scams

How to Avoid Cryptocurrency Scams

One in 10 Americans is currently invested in crypto, with many seeking the potential for high growth in a short time. Crypto can be a sound...

What Is Tax Planning?

What Is Tax Planning?

Tax planning is the process of looking at a person or business entity’s tax situation and business structure to legally reduce tax liability and...

6 Signs Your Business Needs Tax Planning

6 Signs Your Business Needs Tax Planning

Tax planning is a prerequisite for growth for any small business with rapid-growth potential. Why? For two reasons: First, tax planning lowers what...

Your Guide To PPP Loan 2 Requirements

Your Guide To PPP Loan 2 Requirements

After some last-minute back and forth with Congress, President Trump has signed H.R. 133, the Coronavirus Relief and Omnibus Agreement, into law. At...