Friday, 11 August 2017

Tracking Self-employed Expenses

When you are your own boss, there are a number of advantages that come along. It includes being able to set your vacation schedule and even your own hours. With this comes along a high level of flexibility. You can easily work remotely and roam around as you wish to. Sometimes, you might not even have to change out of your pajamas all day!

On the other hand, there are many advantages when working for an employer as well. Walking away from the convenience of a traditional job also takes away; the benefits package including great Tax Services in San Antonio and the steady paycheck. 
However, apart from everything else being your own boss means you will have to pay quarterly estimated taxes. It also means that you will have to track your business costs.

Tax Services in San Antonio | Tax Professionals in San Antonio

As Tax Professionals in San Antonio Uhlenbrock CPA has some great tips on how to diligently track your self-employed expenses. 

Have a look:

1. Knowing what comes under self-employed expenses

Tax Professionals in San Antonio would tell you that before anything else, it is crucial to understand what comes under a business cost also called the self-employed expenses. The definition by IRS says that those expenses must be “necessary” and “ordinary” to your business.

For instance, on attending a work conference, the expenses of the tickets would come under business expenses. However, getting a spa to relax before the conference would not. On the other hand, the price of purchasing a URL and domain hosting costs for your site’s business would count as a business expense. Deducting the cost of a personal website having nothing to do with the business is something you cannot do.

2. Spreadsheets to the rescue

In your spreadsheets, you could create columns like the item, cost, date, and receipt. You could also make notes about the location of the receipt, like in an email folder, as it was an online transaction.

This process streamlines the process for filing quarterly estimated taxes and helps you track self-employed expenses.
A spreadsheet comes in handy if you are on your own as it is easy and free. However, you may need a little more assistance if you are thinking to grow your business.

Check out some more tips on the subject, in the next blog. Uhlenbrock CPA not only provides the best advice but also the best Tax Services in San Antonio





Wednesday, 26 July 2017

Social Security Benefits That You Were Unaware Of



As a successful provider of tax services in San Antonio, Uhlenbrock CPA is sure that following are a few social security benefits that you weren’t aware of. Without these social security benefits, there are so many advantages that you are missing out on. Hear it from someone who has been an expert of tax preparation services in San Antonio over the years. 
Have a look:

  •  Collect and Make More Money by Waiting Longer
Waiting till your 70th birthday to draw social security benefits makes your monthly payment jump up by about 76 percent as compared to a scenario where you opt to take benefits at 62 years of age. It’s important to remember that when it comes to social security payments, we are actually betting against death. Hence, in an event of you passing away before drawing the benefits, you are left with nothing at all.
Experts and providers of tax services in San Antonio would tell you that all of it depends on your financial situation at the time of retirement. 

Tax Services in San Antonio |  Tax Preparation in San Antonio

  • More Benefits if you are married for more than 10 years

It doesn’t matter when the marriage ended. If you were married for more than 10 years to your ex-spouse then you have a right to their social security benefits for life, which would be based on their earnings, not yours. This would be if you are not re-married.
This can be a great benefit for you if you were married to someone that belonged to a high-income bracket.

  • Post Divorce Benefits increase upon the ex-spouse’s death.

Not only do you get a right to their social security benefits when they are living, but the event of their death, and you still being someone who didn’t get remarried would still get the right based on your earnings. Not only this, but you also get full benefits of a widow or widower. Even when your ex-spouse decides to get re-married, it doesn’t change a thing. 

Not only do we provide great information like this at Uhlenbrock CPA, but also offer the best tax preparation services in San Antonio. It is always smart to familiarize yourself with the subject of the rights you hold. But always be careful that such information comes from a reliable source. Go and explore many more benefits that you are entitled to, but are unaware of.If you have any queries, feel free to get in touch with Uhlenbrock CPA at 210-701-1040.

Monday, 17 July 2017

Accounting Basics for Small Businesses

As majorly successful accounting and tax professionals in San Antonio, we are well-aware of how important accounting can be for small businesses. We practice corporate tax preparation in San Antonio and consider it our duty to keep you informed about the same.

Corporate Tax Preparation San Antonio | Tax Professionals in San Antonio

It is safe to say that bookkeeping is imperative for any business. If you are a small business owner, then it’s necessary for you to recognize that the best practices that are used by Fortune 500 companies definitely apply to you as well. For success in any size business, the basic accounting principles are important. Disciplined financial analysis and brilliant record-keeping would not only help in monitoring the expenses but also discover bright new avenues of growth for your business. On top of it all, this behavior ensures you to be responsible when it comes to your employees and the tax obligations you hold towards the government.

Tax professionals in San Antonio would tell you that accounting does more than just management of debits and credits. It comes into play quite often in daily business activities and decisions than we may realize.
Here’s how:

  • Smooth Operations
By creating a detailed and appropriate budget we can easily discover the inefficiencies that lie within the business operations. This would then lead to solutions and smooth business operations.

  • Understanding the Financial Position
Corporate tax preparation in San Antonio would help you understand your financial position better. This would make you realize and spot all the problematic areas that interfere with loans which are earmarked for business expansion.

  • Being Alert
Accounting can help you stay alerted when it comes to a sudden change in sales revenues or vendor costs which could further cause major industry changes.

  • Monitoring
Proper accounting practices for small businesses can help in close monitoring of the accounts receivable that would illustrate behaviors or trends in the customer base. It could also prove to be very helpful when it comes to cutting down on the costs that are incurred by pursuing late payers.

Tax professionals in San Antonio have observed that often small businesses fail because of the cash flow running dry. This brings forward the problem of not paying enough attention to the accounting of a small business. A good accountant can take care of it for you. For the best services of an accountant including corporate tax preparation in San Antonio contact ‘Uhlenbrock CPA’ today!

Monday, 26 June 2017

Great Ideas for an Accounting Blog

As successful tax professionals in San Antonio, we at Uhlenbrock CPA know the importance of knowledge sharing in accounting. A blog is one of easiest ways to share your knowledge, thought and opinion.

corporate tax preparation San Antonio | Tax Planning San Antonio

But how do you choose topics for your accounting blog? We have great ideas for your accounting blog. These simple tips can change the way people respond to your blog. Just a few changes here and there can really make a big difference in your writing. Here’s how we can not only help you with services like corporate tax preparation San Antonio but also give you amazing writing ideas:

A blog is an on-going task
This is something you should always remember. Because this means that you have to keep finding material that works with the audience continuously. You have to keep asking yourself, what is it that you can write about? Building a few places as references is the first step to making it all much easier. One of the easiest ways to build such references is to have a look at what the other accountants are blogging about.

Stay away from plagiarism
Just because you got inspired from a blog does not mean you have to copy it. As tax professionals in San Antonio who blog, we know that plagiarism is insulting and till an extent even illegal. The best way is to understand the blog and write it in your own language with quality content from your side added to it.

Keep it basic
When you think of writing an advisory blog, remember to keep it filled with ‘general advice’. Although this would be free for the people reading it, eventually it would become bait. This would make people come to you for more specific advice on their topics. That’s how you would enter the market. With this, you would also be building and increasing your online reputation and tapping potential customers on a global level.

News
It’s very important to keep in touch with relevant information in the news. This would help you stay updated and put up current information in your blog. No one wants to read outdated information when it comes to accounting blogs. Remember, it has to be presented well to catch the eyes of your readers.

You could get in touch with us to get more creative ideas for your accounting blog. In fact, our blogs contain great information to refer to for your own blog. We also offer the best services of corporate tax preparation in San Antonio along with many other services. Call 210-701-1040 to know more about our services.

Thursday, 22 June 2017

Why is it Imperative to Keep Good Accounting Records?

All of us maintain accounting records. But, not all of us do it the way it should be done. Since Uhlenbrock CPA has been providing the services of corporate tax preparation in San Antonio we can tell you exactly why good accounting records are necessary.

corporate tax preparation in San Antonio | Tax Planning San Antonio


Here are the reasons why it's imperative to keep good accounting records:

Efficient Business Operations

Maintaining good records of your business would help you identify all your liabilities, assets, weaknesses and strengths. Once you identify the details attached to these, it will enable you to make much better decisions financially. The records which are accurate also lead to better business forecasting and reporting. Also, the objectives and goals set for the business on the basis of this accurate information are more easily measurable and achievable.

Avoid IRS Audits

As a business owner, you must be aware of the fact that it’s a compulsion for every business to keep a record of all its transactions. As Tax Professionals in San Antonio, we know how these records are used to file taxes. IRS gets an opportunity to audit your company as soon as they spot any flaw or irregularity in these accounting recordings. In short, maintaining good records will assure the avoidance of an IRS audit which can be a big relief.

Prepare Financial StatementsApart from using accurate records for corporate tax preparation in San Antonio, they are also used to prepare an income statement. Even when applying for a business loan, you will need to show these records and they need to be accurate for the same. Proper and flawless records also help you create goals that would lead to the growth of your company.

Stay Organized

As the best Tax Professionals in San Antonio, we have a lot of experience. In all these years we have witnessed multiple cases where businesses lose their organization skills. It usually happens when it comes to working with many different suppliers, vendors, and customers. But, when a business decides to keep good accounting records it makes sure that the accounts receivable and payable in order. Also, in the case of an invoice related dispute, the documentation helps simplify the resolution.

Ultimately, the key to keeping good records is to hire the best tax Professionals in San Antonio. Hire someone like Uhlenbrock CPA who can provide you with flawless corporate tax preparation in San Antonio. Call 210-701-1040 today.

Tuesday, 23 May 2017

Tips to Hire Tax Preparation Services in San Antonio

With time the tax laws are becoming complicated and it has become difficult to stay updated constantly. There is no space to commit tax planning and filing mistakes anymore. So, what do you do to avoid filing wrong returns? You hire a professional tax preparation services in San Antonio. But, with so many options for tax professionals out there, it becomes a difficult process altogether.

tax preparation services in San Antonio

 Here are some tips to your rescue and will assist you in choosing the best tax preparer:
  • Background Check
Before hiring a professional for their tax preparation services in San Antonio it’s imperative to run a thorough background check on them. The best way to go about it is to check with licensing agencies and professional organizations to see whether there are any complaints lodged against the preparer you are going to hire. Do not reject a preparer solely because he has a complaint on himself. Study the matter and then make a decision.
  • The Eligibility to File your Returns
Just because you were impressed with the preparer’s presentation skills don’t rush into it. See if they are legally eligible to file your returns or not. For example, one of the IRS regulations is that all paid tax return preparers (including CPAs and attorneys) should have a Preparer Tax Identification Number to prepare federal income tax returns. Check for the state regulations like these before hiring tax preparation services in San Antonio.
  • How Comfortable are You?
Keep in mind that the journey of the process to file your returns is going to be a long one. In this case, you would want someone who you are comfortable with. You should feel free to ask any question from them. When it comes to Tax Services in San Antonio ‘Uhlenbrock CPA’ is the best choice. We tell you things like important documents to bring along and make you feel comfortable rather than intimidated. 
  • How Available is your Preparer?
Filing the returns and being done with them is not how it works. You would want a preparer who is available if any problem comes along in the future. Make sure you know how to reach them even in the off-season. An unavailable preparer is as good as hiring no one at all.

So the next time you think of hiring a professional for tax preparation services in San Antonio make sure to follow these simple tips and you’ll be good to go. For the best tax Services in San Antonio contact ‘Uhlenbrock CPA’ and leave it to us. Schedule a visit today, cal 210-701-1040.

Wednesday, 17 May 2017

Why does your Business need Bookkeeping?

The answer isn’t as easy as the title of this blog. Even after reading such blogs over and over again you might not realize the importance of bookkeeping services in San Antonio. So here’s another attempt to highlight information that might just do the trick.

Bookkeeping Services in San Antonio | CPA San Antonio


Have yet another look at why does your business even need bookkeeping:

  • Reduce Chances of an IRS Audit
It’s not good news for any business to be called for an IRS Audit. But once you are called, you start wondering as to what even triggered it. Well, one of the biggest triggers of an IRS Audit is messy bookkeeping San Antonio. Improper records and books are an attraction to audits. Hence, to keep a safe distance from an IRS Audit you need professional and excellent bookkeeping services in San Antonio.

  • Save yourself from Penalties and Sanctions
By cooperating with IRS, you can try and ensure that your business does not face any kind of penalties or sanctions. Of course, that is the last thing you’ll need after an IRS Audit. In order to cooperate, it’s important to let them study your records and to provide them with adequate records in the first place.

  • Don’t Miss Out on Deductions
When bookkeeping for your business in San Antonio is inadequate then there are higher chances of missing out on beneficial tax deductions. Even if you don’t miss out on them, there is a good chance that the IRS will disallow it as a result of bad bookkeeping.
  • Cut-short the IRS Audit:
Even if good bookkeeping San Antonio resulted in your business being called for an IRS Audit then don’t worry. If you have proper records with the help of efficient bookkeeping services in San Antonio then the duration of the audit will decrease. Comparatively, it will take less time to study your books when they have proper records.

We understand that handling a business is a huge task alone. And on top of that, the headache of bookkeeping is just tiring. But, to be efficient all over you need help from outside. Why not hire the best bookkeeping services in San Antonio? ‘Uhlenbrock CPA’ is just a call away to take this load off of your head and to provide you its excellent and unmatched services.

You take care of your business and let ‘Uhlenbrock CPA’ take care of your bookkeeping.Schedule an appointment today! Call 210-701-1040.