Your Favorite CPA, Michelle A Thomas CPA

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Your Favorite CPA, Michelle A Thomas CPA Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Your Favorite CPA, Michelle A Thomas CPA, Tax preparation service, Weatherford, TX.

Our experienced team empowers businesses, and their owners to minimize taxes, maximize profits, prepare exit & retirement to fullest potential using professional planning, advisory and strategy techniques.

πŸ”—πŸŒ³ https://linktr.ee/yourfavoritecpa

A ghost expense is a charge with nothing behind it πŸ‘». No receipt, no note, no log. Your bank statement proves you PAID f...
10/23/2026

A ghost expense is a charge with nothing behind it πŸ‘». No receipt, no note, no log. Your bank statement proves you PAID for the expense. It doesn't prove what the expense was FOR.

β€’ Match all business charges to a receipt or a short note with what the purchase purpose was.
β€’ If you have members of your team making purchases, make sure they are sending receipts to management/accounting at least once a week (daily is best so they create a healthy habit of submitting these and are less likely to lose the receipt).
β€’ For meals, write down who was there, the purpose of the meal, and what was discussed.
β€’ For mileage, keep the log current instead of rebuilding it later. It helps if you use a mileage tracking app and do an end of day review to make sure everything is categorized correctly.
β€’ Keep physical records for at least three years as backup.

Almost every client who sits down with us for the first time says some version of the same thing. My situation is pretty...
10/22/2026

Almost every client who sits down with us for the first time says some version of the same thing. My situation is pretty simple.

It almost never is, and the reason usually has nothing to do with how complicated the business is. Most of the time, a previous preparer handled things incorrectly for years but delivered everything on time, so nothing was ever questioned or looked wrong from the outside.

This isn't about blaming anyone. It's about what happens when a knowledgeable preparer finally sees the full picture, sometimes for the first time in years, and is able to advise you on ways you can save on tax and actually grow your business!

Are you concerned about what's happening in your books and/or tax returns? Give us a shout to get on our schedule before the end of the year!

Many business owners are also caring for a parent or another family member. When money changes hands for that care, the ...
10/21/2026

Many business owners are also caring for a parent or another family member. When money changes hands for that care, the tax rules depend on who pays, who provides the care, and whether the care is run as a business.

Swipe through for the basics, and save it for the day you need it! We can look at how the care is set up and plan around it when the day comes!
(817) 596-8060

If you offer paid family or medical leave for your employees, or you've thought about adding it, this credit just became...
10/20/2026

If you offer paid family or medical leave for your employees, or you've thought about adding it, this credit just became more useful. It's now permanent, so there's no more waiting to see if it gets renewed.

Eligibility also expanded to cover more of your team. Depending on how your policy is set up, the credit can equal 12.5% to 25% of wages paid during leave. Swipe through to see whether it applies to you πŸ‘‰πŸ»

There are ten weeks left in 2026. That sounds like a lot until the holidays start filling up the calendar. πŸŽƒπŸ¦ƒπŸŽ„It's still...
10/19/2026

There are ten weeks left in 2026. That sounds like a lot until the holidays start filling up the calendar. πŸŽƒπŸ¦ƒπŸŽ„

It's still enough time to make a real difference in how this year closes. It isn't enough time to keep waiting for something to change without any actual action.

If a smart tax move has been sitting on your to-do list all year, the fourth quarter is when it either gets done or gets missed! January doesn't give you the do-over it feels like it should.

Today is National Boss's Day, so we wanted to take a moment to show some appreciation for our leader, Michelle 🩡Michell...
10/16/2026

Today is National Boss's Day, so we wanted to take a moment to show some appreciation for our leader, Michelle 🩡

Michelle has been working in the financial industry majority of her life. She grew up living everywhere from Bermuda to Japan, she's a certified DISC coach, and she absolutely loves helping people make their numbers sing!

Thank you for building a place where we get to do good work for people we care about. Happy Boss's Day, Michelle!!

If your extended return went in today, take a breath. That's a big thing off your list.One more date belongs on your cal...
10/15/2026

If your extended return went in today, take a breath. That's a big thing off your list.
One more date belongs on your calendar. The final 2026 estimated tax payment is due January 15, 2027, and estimated taxes apply to more people than the self-employed.

You may need to pay them if you have income without withholding, such as:
β€’ Interest and dividends
β€’ Capital gains
β€’ Rental income
β€’ Royalties, prizes, or awards

Generally, if you expect to owe $1,000 or more when you file, estimated payments apply to you. That includes sole proprietors, partners, and S corporation shareholders.

One more note. Our office will be closed tomorrow, Friday, October 16, for our annual tax preparer holiday. We'll be back Monday, October 19. 🩡

There's a new employer benefit when it comes to Trump Accounts, and most business owners haven't heard of it yet. Trump ...
10/14/2026

There's a new employer benefit when it comes to Trump Accounts, and most business owners haven't heard of it yet.

Trump Accounts are savings accounts for eligible children under 18, and an employer can contribute up to $2,500 a year per employee toward an employee's child's account.

That amount is excluded from the employee's taxable income, though it's still subject to Social Security and Medicare taxes.

The rules are still proposed, not final. Setting one up requires a written plan, employee notice, and nondiscrimination testing. If you want to offer this in 2027, the planning needs to start now.

A quick reminder for anyone who filed an extension! π‘»π’‰π’–π’“π’”π’…π’‚π’š, 𝑢𝒄𝒕𝒐𝒃𝒆𝒓 πŸπŸ“ π’Šπ’” 𝒕𝒉𝒆 π’‡π’Šπ’π’‚π’ π’…π’†π’‚π’…π’π’Šπ’π’† 𝒕𝒐 π’‡π’Šπ’π’† π’šπ’π’–π’“ πŸπŸŽπŸπŸ“ π’Šπ’π’…π’Šπ’—π’Šπ’…...
10/13/2026

A quick reminder for anyone who filed an extension! π‘»π’‰π’–π’“π’”π’…π’‚π’š, 𝑢𝒄𝒕𝒐𝒃𝒆𝒓 πŸπŸ“ π’Šπ’” 𝒕𝒉𝒆 π’‡π’Šπ’π’‚π’ π’…π’†π’‚π’…π’π’Šπ’π’† 𝒕𝒐 π’‡π’Šπ’π’† π’šπ’π’–π’“ πŸπŸŽπŸπŸ“ π’Šπ’π’…π’Šπ’—π’Šπ’…π’–π’‚π’ 𝒓𝒆𝒕𝒖𝒓𝒏 𝒐𝒓 𝒄𝒂𝒍𝒆𝒏𝒅𝒂𝒓-π’šπ’†π’‚π’“ π‘ͺ π’„π’π’“π’‘π’π’“π’‚π’•π’Šπ’π’ 𝒓𝒆𝒕𝒖𝒓𝒏. There is NOT another extension after this one.

If your return won't be filed by Thursday, filing as soon as you can still matters. The failure to file penalty is 5% of unpaid tax per month, up to 25%, so every month counts.

Behind the name Your Favorite CPA, there are real people.This is our team πŸ‘‡Emily - Director of First ImpressionsMichelle...
10/12/2026

Behind the name Your Favorite CPA, there are real people.

This is our team πŸ‘‡
Emily - Director of First Impressions
Michelle - Your Favorite CPA!
Ethan - Tax & Accounting Associate

We're the ones reviewing your books, answering your questions, and keeping track of the details that matter to your business. When you call, you talk to us. When you send a document, one of us opens it.

Michelle started this firm in Weatherford in 2001, and it's still built on the same idea. Your business deserves people who know your name and care how your year is going, not only how your return turns out.

We're here for you, all year long! πŸ«‚πŸ©΅

Address

Weatherford, TX
76086

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm

Telephone

+18175968060

Website

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