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Tarrant County Small Business Workforce Grant

Tax Planning

Tarrant County, Texas announced a grant opportunity designed to provide financial assistance to impacted small businesses whose workforce has been adversely affected by the COVID-19 pandemic. Do you qualify?

Non-Cash Charitable Contribution

Tax Planning

Yes, I know that we all wear designer clothes, and those Tory Burch shoes aren’t cheap, but if you claim a non-cash contribution on your tax return of $5,000 or greater, you best get an appraisal. ‍Property contributions over $5,000, with certain exceptions, have strict guidelines...

Upcoming Tax Law Changes

Tax Planning

Even though there is a lot of unknown tax law changes, there are some changes that we do know about. This is not an all-inclusive list but is some of the most popular.

Tax planning with calculator and notepad

Missed Opportunities to Save Money on Taxes

Tax Planning

I decided to upgrade my wardrobe after I heard someone speak about what you wear portrays your professional image. Not that I needed an excuse to go shopping for clothes, I set out to find the best deals in high end business attire.

Hiring Your Children Can be a Great Tax Savings Tool

Hiring Your Children Can be a Great Tax Savings Tool

Tax Planning

I remember when my daughter was young, and she wanted to do EVERYTHING. Every type of sport, dance, camp; we did it. She had a blast! My wallet…. not so much. It only took one year of spending this kind of money when I realized I could take advantage of a great tax strategy just by hiring my daughter to come work in my tax practice.

Investor Vs. Dealer in the Real Estate World

Investor vs Dealer in the Real Estate World

Tax Planning

How many of you love watching HGTV? A lot of you, I’m sure. It is the fourth most-watched cable network in the United States. 

Second wave of PPP loans can provide more financial assistance.

The NEW PPP

Tax Problems

The new Covid-19 stimulus act sets aside $35 billion for first-time PPP applicants, with $15 billion of that made in loans for first-time applicants .

Image of a mask and piece of election mail

New COVID-Related Text Scam

Tax Problems

If there is ever an opportunity for scammers to find a way to take your personal information, they are on it!

Students sitting in a lecture hall.

Be in the know… SLRP

General Bookkeeping

What is an SLRP? SLRPS stands for Student Loan Repayment Programs. Employers contribute a fixed amount per month to their employee’s student loans.

Tax Form 1040

Make PPP Expenses Tax Deductible

Tax Preparation

For purposes of the Internal Revenue Code of 1986, any amount which (but for this subsection) would be incredible in the gross income of the eligible recipient because of forgiveness described in subsection (b) shall be excluded from gross income.

Image of a Tax Statement for year 2019

Common Misconceptions about Tax Refunds

Tax Preparation

I could not tell you how much my phone rang this year with clients asking were their refund was or that they went online to check their refund status only to find out their return had yet to be processed. It did not matter what I said, or the proof I sent over, I could tell they still did not believe.

Image of someone searching on their computer

What’s the Difference Between a CPA and an EA?

Tax Planning

Recently a financial planner was referred to me in hopes of networking. She said she needed a good CPA to refer her clients to. When I said I wasn’t a CPA but an EA, she paused and said, “but I can only refer to CPAs".

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