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Tax Tips For New Businesses

Tax Tips For New Businesses

People go into business with lots of different goals in mind, one goal all businesses share is making money. When it comes to making money it’s not just a simple transaction of trading product or services for cash- a lot of paperwork comes along with running a business. This means bookkeeping, payroll, and of course taxes. At King Financial Services ...
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Affordable Financial Services in Euless TX

Affordable Financial Services in Euless TX

King Financial Services Inc. offers a variety of financial services that provide solutions for businesses and individuals alike. We provide tax, bookkeeping, and payroll services. With our help you will be able to utilize more of your time doing the things you love; having to keep close records and managing payroll is busy work. If something goes wrong with your ...
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Enrolled Agent in Euless TX

Enrolled Agent in Euless TX

When it come to paid tax professionals, they are not all the same. In fact, enrolled agents (EAs), are the only federally-licensed tax practitioners who not only specialize in taxation but also have unlimited rights when it comes to representing taxpayers before the Internal Revenue Service. Whenever you choose to work with an enrolled agent you can save yourself a ...
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Tax Preparation in North Richland Hills TX

Tax Preparation in North Richland Hills TX

Tax season is just around the corner, meaning it is time for individuals and businesses to start preparing their taxes. It can difficult for those with complex financial situations or busy schedules to make the time to properly file their taxes. This is why King Financial Services works hard to provide affordable, quality tax preparation in North Richland Hills, TX ...
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Tax Preparation For Businesses In Hurst TX

Tax Preparation For Businesses In Hurst TX

When it comes to filing your taxes it is important that you work efficiently in order to ensure you are accounting for all expenses. Often times, deductions are missed, and information is improperly filed when individuals decide to take on the task themselves. This can lead to several different types of problems. Not only will it be time consuming, you ...
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Affordable Tax Preparation in Grand Prairie TX

Affordable Tax Preparation in Grand Prairie TX

If you feel easily overwhelmed when filing your personal or business taxes, you are not alone. In fact, the most frequent reason we see for tax deadlines being missed is that taxpayers feel the process is too complex, or fear they have not kept the necessary records in order to properly file their business or personal taxes. This kind of ...
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Bookkeeping and Payroll Services in Arlington TX

Bookkeeping and Payroll Services in Arlington TX

Being a business owner comes with a lot of responsibility. Many people choose to open a business that is built around an area of expertise and interest of their own. Unfortunately, one of the negative qualities of owning and operating a business is that there are many additional tasks and needs behind the scenes that must be performed in order ...
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Enrolled Agents in Fort Worth TX

Enrolled Agents in Fort Worth TX

It is no secret, taxes are stressful. They can be a source of anxiety for many of us, but become especially anxiety provoking whenever the IRS gets involved. Whenever you are audited or have an issue filing your taxes, it can become too difficult for someone without specialized tax knowledge to handle on their own. However, there is good news! ...
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Tax Preparation in Euless TX

Tax Preparation in Euless TX

It is easy to feel overwhelmed by filing your taxes. The most common reason deadlines are missed and people fall behind on filing their business and personal taxes is because they feel like the process is too complicated and that they do not have the proper records required to accurately file their taxes. They wait until last minute and then ...
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How Long Does An IRS Audit Take

How Long Does An IRS Audit Take?

You open your mail just to find out, you have received a notice from the IRS informing you that you are being audited. What now? How long will this stressful process last? Weeks, months, years? While every person’s IRS audit will be different, in general, most audits will last less than a year. There is also good news pertaining to ...
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Exciting Announcement- We're Merging Two Offices!

Exciting Announcement We’re Merging Two Offices!

We have an exciting announcement! This September, Sandra King Financial Services Inc. will be merging with Kent Accounting Systems Inc. to become King Financial Services Inc.! This merger means King Financial Services will now be home of the DFW Area, Chapter of the Texas Society of Enrolled Agents, President, Sandra King, and past President, Kent Hopkins! We will have twice ...
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Bookkeeping Tips To Stay Ahead

Tips To Stay Ahead

Keeping up with you business finances can be overwhelming and can come with steep consequences if mismanaged. This is why it is so important to keep organized and to stay on top of your expenses. At King Financial Services we offer excellent bookkeeping services that free you up and let you focus on what really matters, running your business! Below ...
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Start Preparing For Tax Season Now

Start Preparing For Tax Season Now

Taxes seem to fall high on the list when it comes to things that stress us out. A good way to minimize the stresses that are associated with tax season is not procrastinating. Below is a list of ways you can start preparing yourself for tax season now: Make A List Of Your Accounts Whether you are filing personal or ...
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Surprising Tax Deductions

Surprising Tax Deductions

The only thing worse than filing your taxes is having to pay for them! What is amazing is every single year high percentages of Americans file their taxes without including all of the deductions they qualify for! This is one more great reason working with Enrolled Agent, Sandra King can help you save money! She has spent years studying tax ...
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Charitable Donations and Taxes

Charitable Donations and Taxes

Donating your time, efforts, goods, or even money can be excellent ways to help those who have fallen on hard times, get through them and to the other side of adversity. Sharing, in a charitable way is also, for many, good for the soul. Many Americans choose to give money or property to groups and organizations they believe in. In ...
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Military Tax Benefits

Military Tax Benefits

If you or someone in your family is a member of the United States Armed Forces, you may be eligible for certain tax benefits. Below are some of the benefits you should be aware of: Some Military Pay and Benefits Are Not Considered Taxable Income: Combat pay is safe from taxes. Many military benefits are also not taxable, such as: ...
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Trust Fund Penalty Relief Steps

Trust Fund Penalty Relief Steps

1. Gather All Relevant Information Whenever we have a new client come in with concerns about trust fund penalties, our first step is always the same. We want to gather all relevant information so we have enough facts about your duties and other parties’ duties in order to prove that someone other than you should be held responsible for the ...
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Who Needs Bookkeeping

Who Needs Bookkeeping

In many businesses, the owner of the company will wear many hats to accommodate the needs of the company and to keep it on track. A part of the equation that can not be ignored in any successful business is maintaining and managing the books. However, the problem is that many business owners already are strapped for time, running their ...
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Avoiding Garnished Wages

Avoiding Garnished Wages

What is a wage garnishment? A wage garnishment is the term used to describe when a court orders your employer to withhold a determined amount of your pay and send it instead to the person or institution you owe money to, until you have completely paid your debt. Your wages may be garnished if you owe child support, student loans, ...
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/ Wage Garnishment
Tax Prep Starts Now

Tax Prep Starts Now

What is tax preparation? People often feel overwhelmed when the tax deadline starts to approach. They feel rushed and often procrastinate until the last minute to start gathering their important documentations, receipts, and information. The best way to avoid this last minute stress is to start your tax prep now. While tax season is a short window, ideally we should ...
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What Happens After Not Paying Taxes For 10 Years

What Happens After Not Paying Taxes For 10 Years

There are lots of misconceptions that go around about what happens if you do not pay your taxes on time. Many people have been told that if they do not file their taxes for ten years the taxes they owe magically disappear and they are off the hook entirely. Unfortunately, for those who are years behind on filing their taxes ...
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What Do Our Federal Taxes Pay For

Our federal government relies on federal taxes in order to finance various public services that are vital to the safety and preservation of our country. Many of us pay our taxes without much thought or question as to where the money is going. However, with changes in tax policies and evolving political leaders it is a good time to inform ...
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What To Do With Years of Unpaid Taxes

What To Do With Years of Unpaid Taxes

Oftentimes, whenever someone has unpaid taxes it starts a terrible cycle where they continue not to file their taxes out of fear of drawing attention to themselves by suddenly showing up on the IRS’s radar with a new filing. Do not fall victim to this trap, instead contact Enrolled Agent, Sandra King to help guide you through this process. Keep ...
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Free Shred Event in Euless TX

Free Shred Event in Euless TX

Is your house becoming a storage unit for sensitive paperwork? Are the stacks getting too high to manually shred them on your own? We have the solution for you! This Saturday, May 5th at Euless, TX City Hall we are hosting a free shred event! Bring ALL of your sensitive paperwork with you and watch it get shredded right in ...
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Tax Late Fees and Interest

Tax Late Fees and Interest

If you missed the deadline to file your 2017 taxes, it is important to realize the longer you wait the worse your situation will become. This is, if you owe the IRS money. If you are due for a tax return, you have until year 2021 to file your 2017 taxes and receive your tax return with no penalties or ...
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What Information Do I Bring To My Enrolled Agent for Business Taxes

What Information Do I Bring To My Enrolled Agent for Business Taxes

Taxes are due this on April 17th of this year! If you have not gotten your taxes filed, time is running up! Do not miss the deadline for your taxes because you are too overwhelmed to breakaway from your busy schedule to sit down and prepare you tax filing! Instead, contact Enrolled Agent, Sandra King! She will alleviate the stress ...
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Benefits For Businesses To File Taxes

Benefits For Businesses To File Taxes

It can be quite overwhelming for a business owner to take on the task of filing their business tax returns while also trying to manage their company. Regardless of how overwhelming the task of filing your tax returns may be, it is crucial to take care of this for your company. There are several benefits that will work to your ...
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Offer In Compromise Explored

How to Make an Offer to the IRS

Offer In Compromise Explored What happens in the event someone cannot pay the full sum of their taxes? This is something not many people think about. There are a few different options, such as just not paying the amount you owe and allowing your debt to continue to multiply or requesting a deadline extension to pay. However, neither of these ...
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What Happens If You File Your Taxes Late

What Happens If You File Your Taxes Late

If you know you are going to miss the deadline to file your taxes, it is important to file an extension in order to avoid penalties associated with late taxes. Why File For An Extension Whenever you file an extension you are automatically granted a later date to file your taxes, protecting you from penalties that can quickly add up ...
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What Businesses Need to Know About the New Tax Law 2018

What Businesses Need To Know About The New Tax Law 2018

One of the most notable and important changes that our country is facing under the tax reform is how taxes are being handled for businesses. Different than the changes to individual taxes, that are less permanent and somewhat fragmented, the changes we are seeing to how business taxes will be handled seem to be more permanent and fully fleshed out ...
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Why Hire An Enrolled Agent

Why Hire An Enrolled Agent

An enrolled agent's services can be very helpful when it comes to handling your tax issues, especially those related to the IRS. There are other options available when it comes to hiring someone to handle your taxes, such as hiring a CPA or tax attorney. Like tax attorneys and CPAs, enrolled agents are tax professionals who have become licensed to ...
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What It Takes To Become An Enrolled Agent

What It Takes To Become An Enrolled Agent

Lots of people wonder, what it is takes to makes someone qualified to file other people’s taxes. Does the IRS even monitor who it is that becomes an enrolled agent or hold them against a standard of excellence you can trust with the highly sensitive and important information that is required to properly file your personal or business taxes? The ...
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Why Tax Filing is Important

Why Tax Filing is Important?

During the spring of every year and very near April 15 millions of Americans file their income tax. Some file begrudgingly begging the question; “why tax filing is important”. The United States government requires all individuals who earn a specific amount of income file Tax Returns annually. Failure to do so could result in penalties. In the most negligible and ...
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What is tax return filing

What is Tax Return Filing

Filing a tax return is a United States Government requirement of all working Adults of a certain age and income. It is used to measure your income for taxes that are to be paid to the government. This taxation is also termed as Federal income tax”. The Internal Revenue Service (IRS), taxing agency for the US government determines who has ...
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A Look Into 2018 Taxes

A Look Into 2018 Taxes

New Tax Bill Standard Deductions For those that opt to take the standard deduction on their taxes rather than itemized deductions, the Tax Cuts and Jobs Act (H.R 1) increases the amount you can deduct until 2025, when the provision is set to expire. The amount goes from $6,350 to $12,000 for single filers and from $12,700 to $24,000 for ...
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The Tax Cuts and Jobs Act of 2017

The Tax Cuts and Jobs Act of 2017

Are you confused over the new tax laws? Afraid you might make a mistake while filing your personal or business taxes this year? Or maybe you are just interested in learning more, no matter what the case we have the solution! Sandra King welcomes you to join her at Texas Star Conference Center on Wednesday, February 7, 2018 between 7:00 ...
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Should I Incorporate My Small Business

Should I Incorporate My Small Business?

There are advantages and disadvantages to incorporation. The decision to incorporate depends primarily on your net income and your level of exposure in the event of a law suit. As a sole-proprietor, you are the business. What ever happens to the business happens to you and your family as well. If you were to be sued, your personal assets along ...
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Customer Reviews…

Sandra King  

I was referred to Sandi and her team for help with accounting matters in both my business and personal life by my good friend, a long-time owner of a successful company. I’m glad he did.

King Financial Services, Inc. proved themselves to be trusted, experienced business advisers.

– Brian P.

Kent E. Hopkins  

I highly recommend Kent Hopkins. He was easily able to understand a difficult issue involving my business taxes. He had all of the answers when it came to quickly getting the information we needed to resolve the issue.

He did this in a professional and compassionate manner.

– Greg S.

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