AMH Accounting Services, LLC

01/06/2025

Starting a new business? Then you need to set up your accounting. To find out more, call our office at (214) 519-4916 to schedule your first appointment with us. We can help you lay down a proper foundation.

01/04/2025

There are two main methods for business accounting: accrual and cash-basis accounting. Knowing the benefits and drawbacks of both can help you to determine which better suits the needs of your business needs and financial goals. https://bit.ly/3YupJUC 📞(214) 519-4916

When managing your business finances, choosing the right accounting method is crucial. Two primary methods stand out: accrual accounting and cash-basis accounting. Understanding the differences between these methods will help you decide which one best suits your business needs. What Is Cash-Basis Ac...

01/01/2025

Effective accounting and bookkeeping are critical to a business’ success. While related, they have separate functions. Bookkeeping is the recording of daily financial transactions, including payments made and payments received. Bookkeepers also systematically store financial documentation, such as receipts, purchase orders and invoices. In contrast, accounting uses the data bookkeeping maintains to produce financial statements. Analyzing the statements, accountants like us can provide insights that help owners like you evaluate performance and make smart business decisions. For more information, contact us at (214) 519-4916.

12/31/2024

As a business owner, you don't want to get blindsided by any financial catastrophy. That's why having a risk management plan can better prepare you for anything that negatively affects your business. By applying the right resources and tools, you can minimize, monitor and control the negative events while focusing energy and attention on how to respond. If you're looking for the right help with your business, you've come to the right place. Schedule your first appointment with us today at (214) 519-4916

12/30/2024

It's important to pay any federal taxes that you owe. If you don't, the IRS will take steps to collect that tax debt. One of the most severe is a tax lien, which is a legal claim on any property you own. To remove a tax lien, you generally must pay your tax debts in full. The IRS will release the lien within 30 days. Worried about the IRS putting a lien on your property? Let us help you get your tax situation in order. Contact us today at (214) 519-4916.

12/28/2024

A trust ensures that your assets are transferred to your beneficiaries properly and adhering to your wishes. However, different trusts may affect how the inheritance is transferred. Before choosing a trust, take these tips into consideration to guarantee the right trust for your loved ones. https://bit.ly/3CcVmKT 📞(214) 519-4916

When planning your estate, one of the most important decisions you'll make is ensuring your assets are transferred in a way that benefits your loved ones. One tool that can help you do that is a trust. Trusts come in various forms, and choosing the right one for your beneficiaries is crucial. Select...

12/25/2024

Defining your business strategy through annual planning determines your business’ trajectory. Strategizing ensures that your goals are aligned and all operations have a clear vision. A useful method in identifying how your company matches with your competition long-term is using the SWOT (strengths, weaknesses, opportunities, and threats) analysis tool. For more entrepreneurial tips and tricks, contact us at (214) 519-4916.

12/24/2024

Have you started your estate planning yet? Check out this insightful article discussing the importance of estate planning regardless of your age. It is critical to be prepared in your financial life and take control of your resources. Not sure where to start? We can help! Call us at (214) 519-4916. https://bit.ly/3YHJsQS

12/24/2024

Surprise! There are some additional items that the IRS will tax you for besides income.
If you've received proceeds from a life insurance policy or have a scholarship that covers anything
outside of the classroom, a portion of them may be taxable. We've included 10 items that may be taxable
depending on your circumstances. Comment below which surprised you the most and call us today at (214) 519-4916
if you need any help determining which is taxable in your situation.

12/20/2024

In business, debt is a necessary part of the process. It can actually help you to grow and provide capital to seize new opportunities. However, it’s important to remember that not all debt is good. https://bit.ly/4edvKL2 📞(214) 519-4916

In the world of business, debt is often a necessary tool. It can fuel growth, enable expansion, and provide the capital needed to seize new opportunities. However, not all debt is created equal. As a business owner or manager, it's crucial to understand the difference between good and bad debt, and....

12/18/2024

"Many people avoid writing a will or creating a trust at all due to procrastination or superstition surrounding death, experts say. But reframing the estate planning process as leaving a positive legacy, rather than just distributing assets after death, can help clients take on a more compassionate long-term view." Questions about estate planning? Contact us at (214) 519-4916 to discuss your options.

Handling a deceased parent's estate can be complicated if there are surprises such as an uneven split of assets among children or a previously unknown heir.