Financial Insights

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Behind on Payroll Taxes? The IRS Can Take It Out of You Personally

Unpaid payroll taxes can pierce your LLC. Learn how the IRS Trust Fund Recovery Penalty makes owners personally liable, and…
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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…
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Bonnie Huggins shaking client's hand during financial audit.

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…
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Profit

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+…
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Smiling contractor sawing lumber on a residential job site in DFW

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,…
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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…
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