Blog
What You As Richardson Taxpayers Can Do If You Owe the IRS
If you owe the IRS back taxes, you’re most likely going to end up paying every dime.Despite what you hear on radio and TV commercials from sketchy companies, very few Richardson people qualify for the reduced settlement program the IRS offers.Just for the sake of...
How Richardson Businesses Can Raise Prices Without Losing Customers
Are you watching your COGS these days?(I, ahem, hope you know what those letters stand for, because if not ... well, then we should DEFINITELY talk. app.squarespacescheduling.com/schedule.php?owner=24190352&calendarid=6071198 )Has it gone up?You're probably not...
Using an IRS Accountable Plan to Maximize Deductions for Your Richardson Business
Any of you Richardson business owners remember those halcyon days when you could "talk a little business" with somebody while traveling ... and then you got to write off the whole getaway on your taxes?Even if that ever really happened, that ain’t today. Now, the good...
Richardson SMB Owners – Don’t Panic About The Business Supply Chains
Remember when the monster cargo ship Ever Given jammed the Suez Canal? After the Givenhad been stuck just five days, almost 400 other freighters were backed up waiting to pass through the Canal. Experts began predicting temporary shortages of everything from exercise...
The Challenge of Allowable Living Expenses for Richardson Taxpayers Who Owe the IRS
According to IRS calculations, the 2021 allowable living expenses for a typical family of four didn’t change a single dime from 2020 .It went from $1,740 per month to… $1,740 per month.The IRS clearly missed the memo regarding pandemic inflation from their colleagues...
Is The Employee Retention Tax Credit Right For Your Richardson Business?
There is a LOT of smoke emanating from Congress right now. As usual, with Congress, there are always rumors and mutterings -- what matters is what is actually signed into law.And we'll keep you up to date on what you might need to know.But speaking of Congressional...
Small Business Tax Credit Updates Richardson Owners Will Want to Consider
I wanted you to know about something that came across my desk the other day because it is potentially very good news...Not many are talking about this, but there have been some MAJOR new Economic Injury Disaster Loan (EIDL) program updates from the SBA...New $2...
How To Find a Tax Preparer For Richardson Folks With IRS Problems
I'm guessing tax season isn't exactly at the front of your mind everyday. But it should be! (At least in the top five things at the front of your mind.) Because as long as you're getting paid by someone or something, taxes don't stop. And when it comes to getting your...
The Real Risk From An IRS Audit by BFG Tax Help
You see that piece of mail in your mailbox with the IRS letterhead, and a certain fear kicks in. (Unless, of course, you've "been there, done that", and you had us on your side). But the natural fear of what the IRS might be wanting to tell you (the dreaded audit!)...