--- title: | Taxes description: Taxes | Chandler & Knowles CPAs is dedicated to serving our clients with an integrated approach to financial success for businesses, families and individuals. --- [![Chandler & Knowles, CPA](https://blog.chandlerknowlescpa.com/hubfs/Chandlerknowlescpa_January2018%20Theme/Images/chandler-knowles-logo-updated.png)](https://www.chandlerknowlescpa.com) - [Home](https://www.chandlerknowlescpa.com/) - [About](https://www.chandlerknowlescpa.com/about/) - [Case Studies](https://www.chandlerknowlescpa.com/case-studies/) - [Testimonials](https://www.chandlerknowlescpa.com/client-testimonials/) - [Services](https://www.chandlerknowlescpa.com/services/) - [Individual Tax Preparation](https://www.chandlerknowlescpa.com/services/tax-preparation/) - [Advanced Tax Planning](https://www.chandlerknowlescpa.com/services/advanced-tax-planning/) - [Financial Planning](https://www.chandlerknowlescpa.com/services/financial-planning/) - [Risk Assessment](https://www.chandlerknowlescpa.com/services/insurance-risk-assessment/) - 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[Contact](https://www.chandlerknowlescpa.com/contact-us/) # Financial Planning Insights ## [How To Calculate Taxable Income](https://blog.chandlerknowlescpa.com/how-to-calculate-taxable-income) By [Chandler and Knowles](https://blog.chandlerknowlescpa.com/author/chandler-and-knowles) | May 11, 2021 | [0](https://blog.chandlerknowlescpa.com/how-to-calculate-taxable-income#comments-listing) [![taxable income](https://blog.chandlerknowlescpa.com/hubfs/Inline%20Blog%20Images%20-%202021-05-11T112636.016.png)](https://blog.chandlerknowlescpa.com/how-to-calculate-taxable-income) It is critical to have an accurate calculation of your taxable income when it comes time to file your taxes with the Internal Revenue Service. Whether you are a [business](https://www.chandlerknowlescpa.com/industries/small-business/) or an individual, you will have taxable income show up on your return. Understanding what taxable income is, what makes up the number, is important.  [Read More](https://blog.chandlerknowlescpa.com/how-to-calculate-taxable-income) ## [Business Taxes: Information You Should Know](https://blog.chandlerknowlescpa.com/business-taxes-information-you-should-know) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | April 23, 2021 | [0](https://blog.chandlerknowlescpa.com/business-taxes-information-you-should-know#comments-listing) [![](https://blog.chandlerknowlescpa.com/hubfs/Inline%20Blog%20Images%20-%202021-04-23T143420.520.png)](https://blog.chandlerknowlescpa.com/business-taxes-information-you-should-know) If you’re a small business getting ready to file business taxes for the first time, it’s a daunting process. But it doesn’t have to be — as long as you understand some of the subtle nuances. Here are some quick tips for novice taxpayers, brought to you by Chandler & Knowles CPAs. [Read More](https://blog.chandlerknowlescpa.com/business-taxes-information-you-should-know) ## [Understanding the Importance of Property Tax](https://blog.chandlerknowlescpa.com/understanding-the-importance-of-property-tax) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | April 13, 2021 | [0](https://blog.chandlerknowlescpa.com/understanding-the-importance-of-property-tax#comments-listing) [![](https://blog.chandlerknowlescpa.com/hubfs/Inline%20Blog%20Images%20-%202021-03-24T113116.382.png)](https://blog.chandlerknowlescpa.com/understanding-the-importance-of-property-tax) Property tax is a type of tax that many individuals as well as legal entities, such as a corporation, need to deal with. When you own any type of property, you must understand all the applicable taxes which may come into play. Knowing these taxes, how the calculation is done, as well as what the payment of them goes towards is valuable.. [Read More](https://blog.chandlerknowlescpa.com/understanding-the-importance-of-property-tax) ## [Why Do I Owe On My Taxes?](https://blog.chandlerknowlescpa.com/why-do-i-owe-on-my-taxes) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | March 15, 2021 | [0](https://blog.chandlerknowlescpa.com/why-do-i-owe-on-my-taxes#comments-listing) [![owe on taxes](https://blog.chandlerknowlescpa.com/hubfs/Inline%20Blog%20Images%20-%202021-03-03T113238.375.png)](https://blog.chandlerknowlescpa.com/why-do-i-owe-on-my-taxes) It is tax time. For some, this is an exciting time because it means a big refund and new furniture or home upgrades. However, for some, it is a nerve-racking, nail-biting, fear-instilling season. Businesses and individuals often find that the amount of taxes they are paying simply isn't enough. At Chandler & Knowles, CPAs, we work with our clients.. [Read More](https://blog.chandlerknowlescpa.com/why-do-i-owe-on-my-taxes) ## [How to Prevent a Small Business Tax Audit](https://blog.chandlerknowlescpa.com/prevent-small-business-tax-audit) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | May 20, 2020 | [0](https://blog.chandlerknowlescpa.com/prevent-small-business-tax-audit#comments-listing) [![small business tax audit](https://blog.chandlerknowlescpa.com/hubfs/Copy%20of%20Untitled%20(14).png)](https://blog.chandlerknowlescpa.com/prevent-small-business-tax-audit) Filing a tax return can be a frustrating, anxiety-inducing task. Many [small businesses](https://www.chandlerknowlescpa.com/industries/small-business/) struggle to keep up with tax deductions, income, and understanding how certain indirect costs can be claimed. Tax filing is scary not only because of that but also because everyone is afraid they are claiming something they shouldn't and a tax audit might.. [Read More](https://blog.chandlerknowlescpa.com/prevent-small-business-tax-audit) ## [Tax Write-Offs for Veterinarians](https://blog.chandlerknowlescpa.com/tax-write-offs-for-veterinarians) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | May 14, 2020 | [0](https://blog.chandlerknowlescpa.com/tax-write-offs-for-veterinarians#comments-listing) [![veterinarians](https://blog.chandlerknowlescpa.com/hubfs/Copy%20of%20Untitled%20(13).png)](https://blog.chandlerknowlescpa.com/tax-write-offs-for-veterinarians) Tax law is constantly changing. With each administration, the structuring and loopholes in the current wording are often changed. There are some tax write-offs that continue to be the standard while others change from year to year. It is vital for [veterinarians](https://www.chandlerknowlescpa.com/industries/veterinarians/) to stay current on the changes and to continue to reduce income tax through the use of.. [Read More](https://blog.chandlerknowlescpa.com/tax-write-offs-for-veterinarians) ## [COVID-19 Tax Deferral Relief](https://blog.chandlerknowlescpa.com/covid-19-tax-deferral-relief) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | March 24, 2020 | [0](https://blog.chandlerknowlescpa.com/covid-19-tax-deferral-relief#comments-listing) [![COVID-19 Tax Extension](https://blog.chandlerknowlescpa.com/hubfs/COVID-19%20Tax%20Extensions.png)](https://blog.chandlerknowlescpa.com/covid-19-tax-deferral-relief) Last week, the Internal Revenue Service (IRS) announced that individuals and businesses would be getting a 90-day payment and filing extension. Due to the emergence and spread of COVID-19 in the United States, the Treasury Department and the IRS stated that they are providing special payment relief for individuals and businesses. [Read More](https://blog.chandlerknowlescpa.com/covid-19-tax-deferral-relief) ## [Year-End Tax Tips for High Net Worth Individuals](https://blog.chandlerknowlescpa.com/year-end-tax-tips-for-high-net-worth-individuals) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | December 02, 2019 | [0](https://blog.chandlerknowlescpa.com/year-end-tax-tips-for-high-net-worth-individuals#comments-listing) [![hqdefault](https://blog.chandlerknowlescpa.com/hubfs/hqdefault.jpg)](https://blog.chandlerknowlescpa.com/year-end-tax-tips-for-high-net-worth-individuals) It's almost tax time. Those words are not usually associated with a positive thought. That is why it is important to start now getting your tax information organized and take advantage of any last minute tax write-offs. Many [high net worth individuals](https://www.chandlerknowlescpa.com/industries/high-net-worth-individuals/) know that a big part of tax planning strategy is to be considering your tax situation all year.. [Read More](https://blog.chandlerknowlescpa.com/year-end-tax-tips-for-high-net-worth-individuals) ## [5 Tax Deductible Business Expenses](https://blog.chandlerknowlescpa.com/5-tax-deductible-business-expenses) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | November 20, 2019 | [0](https://blog.chandlerknowlescpa.com/5-tax-deductible-business-expenses#comments-listing) [![8225639632_ebeac1b8cf_b](https://blog.chandlerknowlescpa.com/hubfs/8225639632_ebeac1b8cf_b.jpg)](https://blog.chandlerknowlescpa.com/5-tax-deductible-business-expenses) It is that time of year - when businesses begin to prepare for filing an annual [tax return](https://www.chandlerknowlescpa.com/services/tax-return-review-services/). Planning for tax-deductible business expenses is a shrewd way to change the outcome of your tax return. The IRS allows any 'ordinary and necessary' expenses you incur in the operations of your business. However, it is always important to make sure you are.. [Read More](https://blog.chandlerknowlescpa.com/5-tax-deductible-business-expenses) ## [Is Life Insurance Taxable?](https://blog.chandlerknowlescpa.com/is-life-insurance-taxable) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | September 10, 2019 | [0](https://blog.chandlerknowlescpa.com/is-life-insurance-taxable#comments-listing) [![is life insurance taxable](https://blog.chandlerknowlescpa.com/hubfs/Stock%20Photos/download.jpeg)](https://blog.chandlerknowlescpa.com/is-life-insurance-taxable) One of the vast number of [employee perks](https://www.chandlerknowlescpa.com/services/business-consulting/employee-benefit/) that are offered now to draw new employees is the provision of life insurance. Most medium-to-large size companies, as well as some small businesses, provide group life insurance for workers, managers, executives and owners. Group life insurance is an inexpensive way to give employees a valuable benefit... [Read More](https://blog.chandlerknowlescpa.com/is-life-insurance-taxable) [Older Posts »](https://blog.chandlerknowlescpa.com/tag/taxes/page/2) ### Recent Posts ### Subscribe to Our Blog #### About Chandler & Knowles CPAs: Chandler & Knowles CPAs is dedicated to serving our clients with an integrated approach to financial success for businesses, families and individuals. Our knowledgable team is committed to providing you with the most detailed information to answer your biggest financial questions and to help make your life less taxing. Learn more about achieving financial success by reading our blog! ### Recent Posts Chandler & Knowles CPAs 7370 Hawk Rd Flower Mound, TX 75022 (817) 369-3681 Hours of Operation: Monday - Friday 8:30 a.m. – 4:00 p.m. Saturday & Sunday: Closed Other times Available by Appointment ![](https://px.ads.linkedin.com/collect/?pid=3265964&fmt=gif) ![](https://px.ads.linkedin.com/collect/?pid=3265964&fmt=gif)