5 Things Business Owners Need to Know About Quarterly Taxes

By | Accounting, Taxes

  Hey, business owner — we know you’re busy, but do you have a minute to talk? As an entrepreneur, you know how difficult it can be managing everything on your plate. From overseeing day-to-day operations to conceptualizing your marketing strategy, there are countless moving parts in the machine that is your business. But, if there’s anything you let fall to the wayside, you certainly don’t want it to be your taxes. Below, we’ll tell you a few things business owners should keep in mind when managing their taxes.   Keeping up with quarterly payments will prevent you from paying…

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7 Things To Do With Your Tax Refund Money

By | Uncategorized

You got your income tax refund back and deposited it “for a rainy day”. Be strategic with how you use the “extra” funds. Below you’ll find suggestions about how to use the money, from the most responsible option to the least. You can’t really go wrong with any of them, though. Pay Off Debt Use your tax refund to pay down a credit card, student loans, a car note, or your mortgage. The extra payment saves you interest in the long run, maximizing your refund without pulling money away from other budgeted line items. Save By Putting It Into An Emergency…

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The Various Types of IRAs

By | Retirement

IRAs help you save for retirement, but they also provide some tax benefits today. Those benefits depend on the type of IRA you contribute to and how. Below is an overview of the different types of IRAs and the unique aspects of each. Traditional IRAs Traditional IRAs consist of two types of contributions: deductible contributions and nondeductible contributions. Deductible Contributions You’re eligible for deductible contributions if you meet one of the following criterion: You are not actively participating in an employer-sponsored retirement plan, or You are an active participant and your adjusted gross income (AGI) does not exceed a certain…

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Should Couples File Income Taxes Jointly or Separately?

By | Taxes

Dual income families face a unique set of challenges when it comes to filing income taxes. There are a number of factors couples should consider before deciding whether to file their tax returns jointly or separately. No two situations are identical, and there are exceptions to every rule, but the following checklist will give you a head start in your decision-making. If it all seems overwhelming, give us a call and we’ll walk through it with you step by step. You might want to file jointly if… Averaging your two incomes brings you down to a lower tax bracket. For…

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Quickbooks Desktop, Quickbooks Online, or Xero – Which accounting software should you use?

By | Accounting

Whether you are new to accounting and trying to choose the right accounting software for your business, or you are interested in exploring other accounting options, it can be confusing to figure out which software is the best fit for you. The three options we most often recommend for clients of small to medium-sized businesses are QuickBooks Desktop, QuickBooks Online, and Xero. QuickBooks Desktop  The first decision that needs to be made in regards to accounting software is whether you prefer the traditional, downloadable accounting software or a cloud-based option. For the price, QuickBooks Desktop is the best option for…

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A Wise Pivot: Mike Pine’s Tax Season Inspiration

By | Taxes

A Wise Pivot: Mike Pine’s Tax Season Inspiration I would be remiss if I didn’t let you “in” a little bit to say that this tax busy season has been particularly busy. Much of this is because of the steady stream of new clients calling, emailing and coming through our doors. But it’s also because of the brand new regulatory environment faced by businesses (and individuals) under the ACA. But despite all of this, we have grown in our conviction that we have the best clients of any tax accounting firm in the nation. I’ll speak more about that in…

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Tax Extension Cheat Sheet

By | Taxes

Pine’s Tax Extension Cheat Sheet 2015-04-06_Pers_Blog This has been an intense tax season. For those of us in the tax professional community, there have been emails, message board postings and blog posts flying about the difficulties that many have been facing with regards to all of the additional paperwork called for in the ACA (“Obamacare”) regulations — not to mention the normal round of new tax law changes that we saw. But you know what has kept me sane? You. This is the busiest week of our year, this last full week, and we continue to experience graciousness, warmth and…

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Press Release

By | News

Mike Pine CPA, PC Acquires Keller Based Tax Firm, Pine & Company, CPA’s PLLC new Pine & Company logo Companies to merge and rebrand as Pine & Company CPAs Keller, Texas (January 28, 2015) – Mike Pine CPA, PC recently announced it has signed a definitive agreement to acquire Pine & Company, CPA’s, PLLC; a Keller based bookkeeping, tax, and business consulting firm. The acquisition allows Mike Pine CPA the opportunity to offer clients a wider range of services and better serve the accounting needs of costumers within the Dallas-Fort Worth metroplex. As part of the acquisition, both companies will…

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Our Work In India

By | News

Mike and Bekka both feel led and have a passion to help and work with a ministry in an Indian slum in Mumbai that includes an orphanage, church planting, and outreach to the children and other victims of red light districts. They hope to continue to visit and volunteer there in person as well as help from the US with organizing and fund raising.          

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Our Vision for a Different Kind of CPA Firm

By | About Us

Our Vision for a Different Kind of CPA Firm pineback Visit our new LinkedIn Page at Pine & Company CPAs LinkedIn It is very important to us that we add value to our clients. Besides helping our clients with their accounting and taxes, we should also actually be helping them either to grow their business, increase their profitability, or both simultaneously. We strongly believe that a good CPA firm should partner with their clients, helping them by leveraging off of the large breadth of exposure we possess due to serving a vast variety of clients. Please don’t get us wrong…

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