Insights on the Texas State Franchise Tax

Insights on the Texas State Franchise Tax

The rewrite of the franchise or "margin" tax in Texas was intended to accomplish several things.

5 of the Best Business Checking Accounts for an LLC

5 of the Best Business Checking Accounts for an LLC

In an effort to help with your finances, we’ve compiled a list to help you find the best business checking account for your LLC needs. We focused on nationally-recognized banks that will hopefully give you more opportunities to consider than niche institutions only found in a handful of states.

Texas Amnesty Program Offers Delinquent Business Owners A Clean Slate

Texas Amnesty Program Offers Delinquent Business Owners A Clean Slate

  Are you a delinquent? A delinquent taxpayer, that is. If so, and if your business is in Texas, then you may be in luck. The Texas Amnesty Program allows

THE Biggest Financial Mistake New Business Owners Make (and How to Avoid It)

THE Biggest Financial Mistake New Business Owners Make (and How to Avoid It)

You don’t NEED everything right away in order to start showing profits. In fact, if you can start your business lean, you’ll be better off in the long run. Businesses make their biggest financial mistake when they start spending money they don’t have.

Tax Planning for Startups & New Businesses Forming a Corporation

Tax Planning for Startups & New Businesses Forming a Corporation

After you’ve formed a corporation, you need to understand how your business will be taxed. This will be different depending on what entity you formed.

What Is Ordinary Income and How Is It Different From Earned Income?

What Is Ordinary Income and How Is It Different From Earned Income?

Here we’ll go over the difference between ordinary and unearned income, as well as what each means for your business tax-wise.

What Does a Disregarded Entity Mean for LLCs?

What Does a Disregarded Entity Mean for LLCs?

Let’s take a look at how the new tax law impacts disregarded entity LLCs, as well as some other reasons business owners benefit from this type of organizational structure.

​Federal Tax Brackets for 2017 and 2018

​Federal Tax Brackets for 2017 and 2018

2017 Federal Tax Brackets (For Taxes Due April 17, 2018): Here are the 2017 federal tax brackets for filers who are single, married, or head of household.

How to Pay Yourself as an Owner of an LLC

How to Pay Yourself as an Owner of an LLC

Paying yourself as an owner of an LLC can be complicated, and there are tax consequences that come along with it.

Understand How to Write Off Capital Assets for Your New Business

Understand How to Write Off Capital Assets for Your New Business

Let’s take a look at how different types of assets are classified and what you should know about writing off capital assets for your new business venture.