Understanding Payroll Tax Problems!

COVID-19 is having a drastic impact on Small Business Owners across the country and is creating a crisis for Small Business Owners in making Payroll Tax Payments timely. During any economic downturn, business owners often have to make difficult cash flow decisions....

Thinking of Not Filing Your Tax Return? Why That’s Not a Good Idea!

With all that’s going on in the world, the negative impact on businesses and the layoffs of W-2 workers, it can be tempting to put off filing your taxes, particularly if you will owe taxes. In the best of times, most taxpayers dread the tedious task of compiling their...

Dallas TX – Have Tax Debt? 3 Alternatives to Bankruptcy Heavily in Debt.

If you are drowning in debt and working harder and harder to make ends meet, you may think a bankruptcy filing is the only way out, but that is not necessarily the case. Filing for bankruptcy is one solution, but it is a drastic step that should only be taken as a...

Dallas TX – IRS Collections Is Coming Back on July 15th. What You Should Do If You Owe Taxes.

2020 threw a huge wrench into everything and the IRS collections proceedings are no exception. With the tax deadline pushed until July 15th and a lot of the IRS closed under shelter at home orders due to COVID19, to the IRS being tasked with sending millions of...

Dallas TX – Payment Plan Options When You Owe the IRS

It’s my experience in working with taxpayers who owe the IRS, there are also other problems going on in their lives that created the IRS problem and they get paralyzed, don’t resolve their tax problem, and find it getting worse and worse.  When tax debt is not dealt...

Dallas TX – Why You Should File Your Taxes Timely

With the filing deadline moving from the traditional date of April 15th to July 15th because of the coronavirus pandemic, it can be tempting to put off filing your taxes for as long as possible. Most taxpayers dread the tedious task of compiling their financial...

How Liquid Is Your Business?

Liquidity in business has nothing to do with water, milk, or juice! It describes how quickly you can sell an asset and convert it into cash. Cash is the most liquid asset of all.  Real estate, in contrast, is not quite as liquid because it could take months to sell it...