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Did you know you can rent out your property on a short-term basis tax free? Most income is taxable and reported to you and to the Federal and state tax authorities. Although, if you rent your property out for less than 15 days, that income is not taxable. Therefore, your rental is not considered a business and you won’t have to worry about business taxes. With summer coming up and Dallas being on...

Last week Gurian CPA was mentioned in an article in HuffPost, “How To Update Your Tax Withholding And Avoid A Surprise Tax Bill Next Year”. The information provided will help you understand how to adjust your tax withholding in light of the new tax law. Now that you’ve received your first tax return after the Tax Cuts and Job Act that went into effect in 2018, you can get a better idea of where...

As a restaurant owner knowing your key performance indicators is huge and knowing your prime cost is one of the most valuable key performance indicators a restaurant owner can know. Knowing your prime cost is essential when you’re running a restaurant as it gives you more control to facilitate change and make more money. Most restaurant owners are so focused on increasing sales, while very few...

D’Hierro is a furniture store located in Plano, Texas. For over 22 years, D’Hierro has been serving homeowners, architects, builders and design professionals in Dallas, Fort Worth and the surrounding communities. They are known for providing the highest quality iron products and for impeccable attention to detail. D’Hierro custom designs and manufactures hand-forged iron doors, stair railings,...

Your bookkeeping system is the financial heart of your business. When set up and operating properly, your books help you make smart decisions and seamlessly turn your financial data into useful information. Gurian CPA has provided four key characteristics to build and maintain a healthy bookkeeping system for your business: Select the proper accounting method There are two different methods for...

Delaney’s Irish Pub & Scratch Kitchen, established in 2008 is located in a Stonebridge community mainstay in McKinney, Texas. They are known for their hefty Tex-Irish menu and thirst-quenching wall of 45 beers on tap. Delaney’s is how McKinney does Dublin. They offer the ultimate sports-watching experience, with twenty-eight flat screens, three large-screen projectors and two fully stocked bars....

Receiving contact from the IRS can be enough to make your heart drop but being contacted from someone claiming to be from the IRS and falling into a tax scam can sometimes be even worse. The sad thing is that tax scams can happen any time of the year and not just around the tax season. It’s important to stay alert to scams that claim they are from the IRS when they contact you. There are a ton of...

As tax season comes to a close it’s important to understand and debunk the tax myths that are focused around tax refunds. There are many myths that are focused around your tax refund and it’s always best to consult with your local CPA to understand tax laws and better prepare yourself to avoid penalties and fines, or even disappointment. Gurian CPA has provided you with the top 6 tax refund...

Matt Burk Music Studio launched in 2006 and now has three different locations for private lessons; one in Allen, one in Frisco and one in Plano, Texas. They specialize in private lessons for piano, drums, bass guitar, voice and songwriting. Whatever you desire, Matt Burk Music Studios has qualified teachers to help you excel and become confident in your genre of music of choice: classical,...

A new Employer credit for Paid Family and Medical Leave, that has been enacted by the Tax Cuts and Job Act (TCJA) is imposed to help businesses reduce their taxes while employees are on paid leave from their job duties due to specified reasons. Employers are eligible to claim this credit based on the wages paid to their qualifying employees while they are on family and medical leave. Before the...