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Bookkeeping 101 in Fort Worth
Get your finances in shape with this simplified bookkeeping 101 in Fort Worth guide for local business owners who want more control.
bartering is a taxable transaction

Bartering Is a Taxable Transaction Even if No Cash Is Exchanged

If your small business is strapped for cash (or needs to save money), you may find it beneficial to barter or trade for

beware of stealth tax on social security

Beware of a Stealth Tax on Social Security Benefits

Some people mistakenly believe Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In fact, depending

Maximize the QBI Deduction Before It’s Gone

Maximize the QBI Deduction Before It’s Gone

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After 2025, it’s scheduled to disappear. So, if you’re eligible,

job-loss-tax-implications

A Job Loss Is Bad but the Tax Implications Could Make It Worse

Unemployment has been holding steady recently at 3.7%. But some people are still losing their jobs — particularly in certain industries including technology

option-for-unused-funds-in-a-529-college-savings-plan

New Option for Unused Funds in a 529 College Savings Plan

With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t

Tax-wise-ways-to-take-cash-from-your-corporation

Tax-Wise Ways to Take Cash From Your Corporation While Avoiding Dividend Treatment

If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash

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