Tax & Accounting Insights

Stay informed with the latest news, tips, and strategies for managing your finances and taxes.

itin5 min

Who Needs an ITIN, and How Form W-7 Works

An ITIN is a tax processing number for people who must file a U.S. tax return but cannot get a Social Security number. Here is how it works.

BUTA Tax TeamOctober 10, 2026
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tax5 min

Estimated Taxes for Self-Employed People and Business Owners

Who has to pay estimated taxes, how the quarterly dates work and how to avoid a penalty for paying too little.

BUTA Tax TeamOctober 10, 2026
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business5 min

S Corporation vs LLC: How Each Is Taxed

An LLC is a legal structure and an S corporation is a tax classification. Here is how the two fit together and when the election is worth a look.

BUTA Tax TeamOctober 10, 2026
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business5 min

Business Tax Return Due Dates and Extensions

When Forms 1065, 1120-S and 1120 are due for a calendar-year business, what an extension does and does not do, and why state dates are separate.

BUTA Tax TeamOctober 10, 2026
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business4 min

S Corporation Reasonable Compensation, Explained

Owners of an S corporation who work in the business must be paid a reasonable salary. What that means and why it matters.

BUTA Tax TeamOctober 10, 2026
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business4 min

Texas Franchise Tax: What Small Businesses Need to Know

Most Texas LLCs and corporations file an annual franchise tax report, even when no tax is due. Here is what the filing involves.

BUTA Tax TeamOctober 10, 2026
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tax4 min

Tax Documents to Gather Before Your Appointment

A practical checklist of what to bring or upload when you have your personal tax return prepared.

BUTA Tax TeamOctober 10, 2026
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bookkeeping4 min

A Monthly Bookkeeping Checklist for Small Businesses

Ten things to do each month so your books are accurate, your tax return is easier and you know where the business stands.

BUTA Tax TeamOctober 10, 2026
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