Blog

2022 is Coming to an End and Changes Are Ahead.

2022 is Coming to an End and Changes Are Ahead.

With a new year comes new changes, new tax laws, and new ways to protect your assets. As this year closes, it’s important to understand what changes are coming in the new year and how you can protect your financial future. Changes from Elections At the November 8th...

How BFG Tax Help Can Assist Beyond Tax Season

How BFG Tax Help Can Assist Beyond Tax Season

Tax season can be a stressful and worrisome time for many people, especially if you own a business. However, there is a lot outside of tax season that you have to worry about. At BFG Tax Help, we strive to ensure your best possible financial outcome year-round. We...

Did You Receive a Letter from the Unclaimed Property Division?

Did You Receive a Letter from the Unclaimed Property Division?

Some businesses are beginning to receive letters from the Unclaimed Property Division of the Texas Comptroller of Public Accounts. These letters are being sent out in batched with no clear methodology as far as which businesses will receive their letter, or when they...

How Can I Ensure Financial Success for My Small Business?

How Can I Ensure Financial Success for My Small Business?

Whether you’re starting a new business, or your small business is already established, it’s important to ensure that you are doing all that you can to protect the financial future of that business. At BFG Tax Help, we understand that every business is unique and...

What is a Tax Professional and Do I Need One?

What is a Tax Professional and Do I Need One?

At BFG Tax Help, we are tax professionals that provide a variety of solutions for your individual and business needs in Richardson, Texas. If you’ve never needed a tax professional, then you may not know what they do or if you may need one. Tax Professional as Defined...

The Inflation Reduction Act

The Inflation Reduction Act

Once again, Congress has passed and the President has signed legislation into law that has material tax implications. As with anything that comes out of Washington DC, the experts and opinions are so varied that the information being presented has more to do with...

How Can BFG Help with IRS Levy Protection?

How Can BFG Help with IRS Levy Protection?

When the IRS levies your property, you may wake up to your bank accounts empty, your assets gone, and your wages being garnished. When dealing with the IRS, there’s no “affordable payment plan”. They want to get their money back in full as quickly as possible. When...

When does the IRS Say a Hobby Becomes a Business?

When does the IRS Say a Hobby Becomes a Business?

With the growing number of people turning their hobbies into businesses, it’s important to understand when the Internal Revenue Service (IRS) classifies a hobby as a business. As a business, you can make deductions for expenses and you have the chance of taking a loss...