How would you like to drive a new car virtually for FREE, Fund $5,000 in YOUR retirement account, while paying $3,000 LESS in taxes? My client sure did! 🙂 I have been a CPA for 30 years. With tens of thousands of pages of statutes, tax law, and case law, most business owners simply do… Read More

The Paycheck Protection Program (PPP) is set to expire this Saturday August 8th.  PPP is an SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. www.TerryKleinCPA.com #cpa #austincpa #georgetowncpa #roundrockscpa #leandercpa#cedarparkcpa #libertyhillcpa #huttocpa #taxplanning #taxstrategies#taxdeductions #taxconsultant #ppp #payrollprotectionprogram#caresact… Read More

Many CPA’s do very little to truly minimize your tax liability. Remember, tax preparation is after the fact. Tax Planning can help business owners save $10,000, $20,000, $50,000 and more, by implementing specific tax saving strategies. From Real Estate Investors, Real Estate Brokers, Real Estate Agents, Insurance Agents, Therapists, Amazon resellers to business owners who… Read More

The Treasury General for Tax Administration issued a report that estimates that intentional non-filing of tax returns by high income individuals had resulted in billions of dollars of unpaid taxes. Part of the problem is that many high-income taxpayers are often independent contractors that don’t have taxes regularly withheld from their paycheck. These taxpayers will… Read More

TAX DAY IS TOMORROW!  Not only that, but Taxpayers who took advantage of the coronavirus delay in tax payments, also called the People First Initiative tax relief program, and did not make previously owed tax payments between March 25 to July 15, must restart their payments by tomorrow July 15, 2020. www.TerryKleinCPA.com #austincpa #georgetowncpa #roundrockcpa… Read More

Paycheck Protection Program (PPP) loans are still available. On July 1, Congress approved an extension of the PPP program until August 8, 2020. www.TerryKleinCPA.com #cpa #austincpa #georgetowncpa #roundrockcpa #cedarparkcpa#leandercpa #libertyhillcpa #huttocpa #taxreturns #taxstrategies… Read More

The Austin City Council approved Resolution No. 20200507-023 on May 7, 2020 to provide $10 million for the Austin Small Business Relief Grant. The City Council approved an additional $6.5 million for the Austin Small Business Relief Grant in Resolution No. 20200604-040 on June 4, 2020. Applicants may apply for up to $40,000 toward their… Read More

  If your business pays contractors, filing Form 1099s are required for each contractor you pay more than $600 in a year. The IRS even requires you to stipulate on your tax return whether you made payments and whether you filed the required forms. This can be an audit trigger! The exception to this rule… Read More

In less than 30 days, the Corona Virus has changed everything, including how we do business, like nothing we have ever seen in the modern world.  The medical side of this pandemic is really BAD and scares the dickens out of most of us, but the impacts to people’s lives and livelihoods may end up being… Read More

Well, it’s been an interesting two weeks! I have spoken to several of you (my clients) and I wanted to give you all an update.  There is a lot to the stimulus package, and I have already spent dozens and dozens of hours researching the programs. Everything from enhanced and extended unemployment, business loans you don’t… Read More