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Tips From Business Accounting Firms in Dallas Most small business owners spend at least 41 hours each year on tax preparation. Whether you do your own taxes or utilize the services of business accounting firms in Dallas, it’s essential to take the necessary steps to lower your tax obligation and situate your business so it’s in a strong financial position. Here are some helpful tax tips from...

How is Virtual Currency Taxed by the IRS Virtual currency is becoming increasingly common as an alternative source of compensation or payment or as an investment. Bitcoin, ethereum, dogecoin, litecoin, and utility tokens are a few common forms of virtual currency. With more individuals and businesses utilizing virtual currency, you may wonder how the IRS treats it for taxation purposes. Here’s...

If you’re running your business from home, it’s important to understand how home office tax deductiions impact your taxes. Deductions related to a home office are frequently under-utilized, often due to confusion at to whether you qualify for them. Here are a few home office tax deductions you should know about: 1. The Expenses for Your Home or Apartment In the past few years, there have been...

How a Restaurant CPA is Beneficial When Taking Restaurant Equipment Depreciation To keep your construction company running as efficiently as possible, it’s essential to work with a construction CPA. Not only does a construction CPA have all the knowledge and certifications required to work as a CPA, but they have an in-depth knowledge of the construction industry. As a restaurant owner, you face...

Why You Should Hire a Construction CPA (and How to Find One) To keep your construction company running as efficiently as possible, it’s essential to work with a construction CPA. Not only does a construction CPA have all the knowledge and certifications required to work as a CPA, but they have an in-depth knowledge of the construction industry. This allows them to better manage your financial...

Your Guide to Deducting a Vehicle for Your Business Tax Deductions As a business owner, it’s important to utilize all available business tax deductions to lower your overall tax liability. One deduction that some business owners fail to take advantage of is the vehicle tax deduction. Some forgo the deduction because they worry it will trigger an audit, or they may not know if they’re eligible to...

IRS Business Tax forms business expense form and instructions with pencil and calculator 4 Ways to Reduce Your Business Tax Liability with CPA Firms in DFW Since tax liability is a major expense for many businesses, it’s a smart idea to utilize CPA firms in DFW to explore your options for reducing your tax obligation. Strategic business moves, yearlong tax planning, and better timing of your...

CPAs in Dallas Fortworth know that picking your business’s entity is one of the most important decisions you’ll make. Each entity option has its own advantages and disadvantages; your selection also has legal and tax implications. Here’s what you need to know about picking the best entity for your business. If your current entity isn’t right for your business’s needs, a CPA in Dallas Fort Worth...

If you’re concerned that your business’s tax bill is higher than need be, a meeting with a Dallas CPA will help you ensure that you’re making the right moves to lower your tax liabilities. It’s vital for businesses to address their tax situation throughout the year (not just around tax time) for the best results. Here are a few ways that a Dallas CPA can help you reduce your business’s tax...

As a business owner, you know that many resources are finite; accounting firms in Dallas, like GURIAN CPA firm, can help you properly manage these limited resources. Time is one such resource that many business owners find themselves struggling to manage. If you find that you don’t have enough hours in your day or if your employees are overloaded with an unrealistic number of tasks, consider...