How many millionaires? Tax returns by income group for 2024 Measured by income group, those who made between $50,000 and $75,000 filed the most returns, at 15.69% of the total filed. Those in the $1,000,000-or-more group filed only 0.22% of the total. https://buff.ly/3Mxttz3
About us
Dana McGuffin CPA, PC in Southlake, Texas is all about the profits of the awesome businesses we serve. We partner with small to mid-size businesses to help with all aspects of their accounting from day-to-day bookkeeping, quarterly filings, and annual tax returns to monthly or quarterly meetings where we discuss your financials and profits. Our business operates on a set of three core values: *All Cards On the Table- we are open and honest in all situations. *You Really, Really Matter - we give the utmost respect to those we work with and serve. *Own It - we each take full responsibility for our work, and give our all to serving the client. In addition to our focus on businesses, we have a passion for MINISTRY and CHURCH accounting. We love helping churches and ministries reach their goals and become thriving, sustainable organizations! Call us at 817.488.8939 or request a free consultation. We’ll assess where you stand now and give you actions that you can immediately use to increase your sustainability. The consultation is completely free! Why? Because we are confident you will be SO impressed by what we can do for you, you will want to work with us going forward.
- Website
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http://www.mcguffincpa.com/
External link for Dana McGuffin CPA, PC
- Industry
- Accounting
- Company size
- 2-10 employees
- Headquarters
- Southlake, Texas
- Type
- Privately Held
- Founded
- 2006
- Specialties
- Tax Preparation, Financial Statements, Controller/CFO Services, Tax Planning, Bookkeeping, Business Taxes, Individual Taxes, Business Accounting, Business Cash Flow, Business Profits, Ministry Accounting, Church Accounting, Church Finances, Ministry Finances, Business Finances, Ministry Cash Flow, Church Cash Flow Management, Business Financial Statements, QuickBooks ProAdvisor, and QuickBooks Online
Locations
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Primary
Get directions
1560 E. Southlake Blvd.
Suite 100
Southlake, Texas 76092, US
Employees at Dana McGuffin CPA, PC
Updates
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IRS targets large partnerships for increased audits The Internal Revenue Service is ramping up its scrutiny of large partnerships, leveraging increased funding under the Inflation Reduction Act of 2022. https://buff.ly/3TfCRem
IRS targets large partnerships for increased audits
accountingtoday.com
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Federal tax lien notices drop significantly at IRS The number of notices of federal tax lien has declined significantly since 2010, according to a report from the Treasury Inspector General for Tax Administration. https://buff.ly/3AJWQLN
Federal tax lien notices drop significantly at IRS
accountingtoday.com
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Reminder: September is National Preparedness Month; taxpayers should prepare for natural disasters With the peak of hurricane season arriving and an elevated wildfire risk across much of the West, the Internal Revenue Service reminds taxpayers to develop an emergency preparedness plan or, if they already have one, to update it for 2024. https://buff.ly/4dOY4nO
Reminder: September is National Preparedness Month; taxpayers should prepare for natural disasters | Internal Revenue Service
irs.gov
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IRS encourages people to do an end-of-summer tax checkup to avoid tax surprises next year The Internal Revenue Service encourages taxpayers to consider using the end of the summer to make tax withholding or payment updates to avoid a potential surprise next year at tax time. While most taxpayers get a refund after filing their taxes, many also find they unexpectedly owe taxes. This can be due to a life or job change for which they did not make the necessary tax adjustment during the year. https://buff.ly/476jgTu
IRS encourages people to do an end-of-summer tax checkup to avoid tax surprises next year | Internal Revenue Service
irs.gov
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IRS reminder for schoolteachers: Up to $300 in classroom expenses deductible for 2024 As educators gear up for the new school year, the IRS reminds schoolteachers that the maximum deduction for classroom expenses in 2024 remains at $300. This deduction allows educators to offset the cost of supplies, materials and other classroom essentials, providing some financial relief for those who spend their own money to improve their students' learning experience. https://buff.ly/4dSQpnQ
IRS reminder for schoolteachers: Up to $300 in classroom expenses deductible for 2024 | Internal Revenue Service
irs.gov
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IRS shares new warning signs of incorrect claims for Employee Retention Credit The IRS recently shared five new warning signs of incorrect claims by businesses for the Employee Retention Credit. The new list comes from common issues the IRS has seen while reviewing and processing ERC claims. https://buff.ly/4e3qU3B
IRS shares new warning signs of incorrect claims for Employee Retention Credit | Internal Revenue Service
irs.gov
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The Busy Business Owner: Get Back 15 Minutes a Day Time is a precious commodity, especially to the small business owner. In this week's blog we discuss a few practical ways to get some of your time back. https://buff.ly/3ySdEjj
The Busy Business Owner: Get Back 15 Minutes a Day - Dana McGuffin CPA - Accounting Partnership Beyond Numbers in Southlake, TX
https://mcguffincpa.com
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The IRS teams up to fight scams The Internal Revenue Service, state tax agencies and groups in the tax industry hope there's strength in numbers, and in coordination, when fighting scams. The new task force, called the Coalition Against Scam and Scheme Threats, will be a joint effort to combat the growth of scams and schemes threatening taxpayers and tax systems. https://buff.ly/3AzURK7
The IRS teams up to fight scams
accountingtoday.com