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Accounting and Bookkeeping Services in Texas
Impact of Business Entity Structure On Tax Liability
When it comes to business, the choice of business entity structure often gets missed. But it is a crucial, legal decision, impacting on your tax liability. In this blog, we'll explore the link between your business entity structure and tax...
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How to Spot Errors in Your Tax Return
Every time tax season rolls around, people experience a mix of emotions, from apprehension to anticipation. Completing tax returns can be a daunting task, but it's essential to avoid IRS tax problems resolution down the road. Your question...
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What Did I Do to Have a Tax Penalty?
Tax season can be stressful, especially if you find yourself facing a tax penalty. To help you understand why this might happen, let's explore the common reasons behind them. Underpayment of Estimated TaxThis occurs when you haven't paid...
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What Tax Credits Can I Qualify for?
Tax credits can be as complex as the tax season itself, but it's useful for individuals and businesses alike. They’re your simple joys in the complex world of taxes, as tax credits lower what you owe and could even give you some money back....
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Tax Cuts and Jobs Act & Tax Filing on Small Businesses
The Tax Cuts and Jobs Act (TCJA) of 2017 brought significant changes to small businesses. In particular, it has favored pass-through businesses taxed on individual income returns. This allowed pass-through business owners to deduct up to 20% of...
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More Common Tax Mistakes and How to Avoid Them
Tax season is stressful, and mistakes can cause future financial headaches. To ensure a smooth process and maximize your tax benefits, steer clear of common tax errors. In this blog, we'll discuss some of them and how to prevent them. Not...
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