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Jun 5, 2025

Navigating Your Taxes: A Guide for New Small Business Owners in Texas

As a new small business owner in Texas with several employees, you’ll need to navigate federal and state tax requirements

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May 29, 2025

Complete Guide to LLC Tax: Pay Yourself and Minimize Tax Liability

Understanding LLC tax rules is crucial for every business owner who wants to optimize their compensation strategy and minimize tax liability. Limited Liability Companies offer unique flexibility in tax classification, but this versatility can create confusion without proper guidance. This comprehensive guide will explain LLC taxes, payment methods, and strategies to reduce your tax burden while maintaining compliance. Understanding LLC Tax Classifications The […]

PriorTax Mid Year Tax Review Tax Professional

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May 22, 2025

Your Mid-Year Tax Review Checklist for Business Owners

right now is the perfect time for a mid-year tax review. Think of it as a check-up for your business’s financial health

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May 15, 2025

Why Pay More to Use Tax Professional Service?

In recent complex financial landscape, many taxpayers find themselves at a crossroads when tax season approaches: should they tackle their tax returns independently or enlist the expertise of a tax professional? While the do-it-yourself approach may seem cost-effective at first glance, there are compelling reasons why investing in professional tax services can ultimately provide greater […]

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May 8, 2025

Upcoming 2026 Tax Changes from the Tax Cuts and Jobs Act Expiration

2026 Tax Changes on Tax Cuts and Jobs Act (TCJA) provisions for individuals and Businesses will be significant

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Apr 17, 2025

Plans to Discontinue IRS DirectFile Tax Program

Trump administration plans to discontinue the IRS DirectFile Tax Program, which offers free tax filing services.

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Mar 20, 2025

Preventing Responding to IRS Tax Audit

Preventing a tax audit and knowing how to respond if you are selected for one are crucial aspects of responsible tax planning. While the Internal Revenue Service (IRS) uses sophisticated methods to select returns for audit, understanding common triggers and maintaining meticulous records can significantly reduce risk. Should an audit occur, a calm, organized, and […]