Bonnie Huggins, Author at Books By Bonnie

Aug

By Bonnie Huggins CPA, Tax No Comments

Haven’t Filed Taxes in Years? Texas Guide | Books By Bonnie

IRS penalties, substitute returns, and Texas franchise tax forfeiture explained. Books By Bonnie helps DFW business owners get back into compliance.

Bonnie Huggins shaking client's hand during financial audit.

Aug

By Bonnie Huggins Attorney-Client Privilege, CPA No Comments

Attorney-Client Privilege vs. Your CPA in Colleyville, TX

Most business owners think their talks with their CPA are private. They are not. If the IRS ever asks, your CPA may have to share what you told them. This is very different from talking to a lawyer. Here is what every Dallas business owner should know before their next tax season.

Jul

By Bonnie Huggins Bookkeeping, Business Owners No Comments

What Profitable Colleyville Businesses Do Differently: Lessons from 5+ Sets of Client Books

The most profitable businesses in Colleyville aren't the ones with the biggest revenue or the flashiest marketing. After reviewing 5+ sets of client books, we've noticed six habits they share, from monthly financial reviews to pricing that's built on real costs. Here's what the numbers reveal.

Smiling contractor sawing lumber on a residential job site in DFW

Jul

By Bonnie Huggins Business Owners, Contractor No Comments

1099 vs. Employee: What DFW Contractors Get Wrong

Paying workers on a 1099 when they should be W-2 employees can cost DFW contractors years of back taxes, penalties, and interest. Here's how the IRS decides, and how to fix it before an audit.

Business owner sitting at cafe working on their laptop

Jun

By Bonnie Huggins Bookkeeping, Business Owners No Comments

How to Pay Yourself as a Small Business Owner in Texas

Owner's draw vs. salary for Texas business owners. See how your entity type, self-employment tax, and the franchise tax affect your pay.

exhausted woman sitting at desk scattered with late bookkeeping records

Apr

By Bonnie Huggins Bookkeeping No Comments

5 Bookkeeping Mistakes That Cost Colleyville Small Businesses at Tax Time

Messy books cost Colleyville small businesses real money every tax season. Learn the 5 most common bookkeeping mistakes that businesses make.

Bonnie Huggins

Haven’t Filed Taxes in Years? Texas Guide | Books By Bonnie

Attorney-Client Privilege vs. Your CPA in Colleyville, TX

What Profitable Colleyville Businesses Do Differently: Lessons from 5+ Sets of Client Books

1099 vs. Employee: What DFW Contractors Get Wrong

How to Pay Yourself as a Small Business Owner in Texas

5 Bookkeeping Mistakes That Cost Colleyville Small Businesses at Tax Time

Bonnie Huggins

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Colleyville 1099 Prep: Collect W-9s Now, Not in January

Year-End Tax Moves Colleyville Business Owners Should Make Before December 31

How Much Should You Pay Yourself as an S Corp Owner in Texas?

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