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No one likes to be taxed, but if you are an owner or shareholder in certain types of businesses, you may actually be taxed twice on the same income. To avoid this, and keep more of your hard-earned money, it is important to learn about double taxation and how it affects you as an entrepreneur. What Is Double Taxation? Double taxation occurs when the income of a corporation is taxed at the...

Itemizing your deductions can be a great way to reduce the amount of taxes you pay, but it does require a lot more work than taking the standard deduction. If you have not researched the tax codes thoroughly, there is a good chance that you have missed some valuable deductions. Here are ten of the most overlooked tax-deductible items. 1. State Sales Taxes In states like Texas, where there is no...

Running a business in the Mesquite area can be a challenge, but if you have to do all the accounting, payroll, and tax planning in-house, it can be even more complex. A professional accountant can help you keep your finances in order so that you can focus on your business and your customers. Here are a few tips that can help you find the best accounting services in Mesquite, TX. Search for Local...

Investing in real estate can be very lucrative with returns that often outpace the stock market. But to be successful and maximize your profits, you need to manage your taxes properly. That is where a CPA with specialized real estate experience can help. They know the best strategies to keep your tax liabilities to a minimum without incurring penalties or triggering an audit. Here are just a few...

Starting a business can be challenging, with a myriad of regulations to untangle and follow, the constant pressure to turn a profit, and the need to plan for future growth and expansion. Hiring an experienced accounting firm from the get-go can give you the tools you need to manage your business’s finances effectively, avoid unnecessary tax issues, and set up your accounting systems properly for...

One of the many benefits of marriage is the tax advantages that it can provide. Federal taxes tend to reward those who are married and filing jointly with additional benefits that are not available to unmarried couples or those who are married but filing separately. But, there are some cases where filing separately can be advantageous, and here are the pros and cons of choosing that route. The...

The construction industry is often full of uncertainty and volatility, with slow seasons that could limit available work, changes in material prices, plenty of liabilities, and market forces that affect real estate prices and demand. To make sure your construction business nets a healthy profit, and continues to no matter the exterior forces at play, it is a good idea to work with a specialized...

Creating content for platforms like Instagram, YouTube, or TikTok may seem like a dream job for up-and-coming creatives, but there is plenty of work that must happen behind the scenes to turn your passion into a business. This includes effectively managing your finances so that your endeavor can become profitable without running afoul of the tax authorities. Here are 6 essential accounting tips...

Accounting for construction companies requires a specialized approach. Unlike typical small businesses, construction firms juggle multiple projects, shifting deadlines, and variable costs—all of which complicate financial tracking. Without effective systems in place, it’s easy for profits to shrink and inefficiencies to grow. Accounting for Construction Companies - Gurian CPA Dallas If you're...

Achieving financial success demands more than just quality craftsmanship and robust project management. It requires a keen eye on financial planning, cash flow management, and regulatory compliance. This is where the expertise of a construction accountant becomes indispensable. Understanding the multifaceted financial landscape of the construction industry, a specialized accountant can be the...