8 Tips for Smarter Small Business Budgeting

By | Accounting, Business Finance, SuccessWatch

Small business budgeting doesn’t have to be a headache. We don’t recommend it, but businesses operate without following a budget or other financial plans more than you think. You might even be running one of those businesses (although we hope that’s not the case). However, there are many free resources for entrepreneurs who are ready to learn the ropes of business finance. (If you don’t already have a budget in place, here’s a business budget template from Quickbooks to get you started.) The fact is, for your business to be a success, you need to have a handle on its…

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prepare for tax season

What to Do in September to Prepare for Tax Season

By | Accounting, Taxes

Are you the kind of person who always has their ducks in a row? Do you consistently keep track of financial records and have a filing system even the most adept CPA would be jealous of? Even if you do, this is for you. If not, this is really for you. Most people are, simply put, busy. With the hustle and bustle of daily life come all sorts of minor complications that often keep you from staying on top of your financial game. We understand, and that’s why we’re here. If you haven’t been preparing for the 2018 tax season…

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Does my business need an accountant?

Does My Business Need an Accountant?

By | About Us, Accounting, Taxes

Does My Business Need an Accountant? Are you wondering if your business needs an accountant? If you’re a business owner or planning to start a business in the future, hiring a financial professional to manage your company’s accounting needs is one of the wisest decisions you can make. Think of it this way: what if one wrong decision in the beginning of your business venture ends up having a negative impact on your business in the long run? We’ve seen case after case in which a client was misadvised at the beginning of their venture and structured their business (and…

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Common Financial Business Mistakes

4 Common Financial Mistakes People Make When Starting a Business

By | Accounting, Business Finance, SuccessWatch

Are you getting ready to start a new business? Or perhaps you’ve already begun running a startup but are feeling overwhelmed by the financial aspects of your operations? Either way, there are a few common financial mistakes new business owners make when beginning their new ventures. Many small business owners start new companies without taking the proper precautions to ensure their chance at success. According to the Bureau of Labor Statistics, around 51% of all new businesses fail within the first four years of operation. And, according to a 2016 Global Entrepreneurship report, over half of businesses fail due to…

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fort-worth-accountant

More About Pine & Co.: Our Tax Services

By | About Us, Accounting, Taxes

Our Tax Services Because many of us at Pine & Company have worked as independent CPAs in the past, we know how difficult it can be to properly manage a client’s taxes as a solo practitioner. So, as a team, we conduct a multi-step quality review process which provides each and every tax return with multiple sets of eyes before filing. During each level of review, we make sure all data has been properly entered, that we’re not missing any deductions or credits, and double-check all of our calculations. By the time your tax return reaches its final level of…

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SuccessWatch - DFW Business Consulting

Introducing SuccessWatch

By | About Us, Accounting, SuccessWatch, Taxes

Introducing SuccessWatch Pine and Company CPAs is excited to introduce our newest service, SuccessWatch! Simply put, this is business consulting at its finest. Whether you need to improve profitability, become more financially efficient, or simply identify costly problem areas, SuccessWatch uses data-driven financial metrics to have a positive impact on your bottom line. We are a firm with nearly 200 years of combined expertise. As a result, we believe we’re in the best possible position to help our clients improve their business’ profitability and efficiency. Essentially, this is business consulting with a financial expertise edge. How It Works Put simply,…

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About Quarterly Taxes

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, don’t let it be your taxes. Below, we’ll tell you a few things business owners need to know about quarterly taxes. 1. Keeping up with quarterly payments will prevent you from paying steep penalties. Many new business owners…

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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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Types of IRAs

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 criteria: 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?

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 income taxes jointly or separately. Generally, no two situations are identical, and there are exceptions to every rule. However, 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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Which Accounting Software to Use

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

By | Accounting, Taxes

Not sure which accounting software you should use for your business? Many business owners struggle to select finance software due to the complexity of these programs. Whether you’re new to business finance or are interested in exploring other accounting options, choosing the right software can be daunting.  However, we have some recommendations: QuickBooks Desktop, QuickBooks Online, and Xero. Below, we’ll give you a rundown on these three programs. QuickBooks Desktop  When it’s time to decide which accounting software to use, the first decision to make is whether you prefer a downloadable program or a cloud-based option. For the price, QuickBooks…

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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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