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. 

• 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.

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.

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!