Bonus Depreciation – The Burns Firm – Advisors of Complex Financial Matters

Cost Segregation Studies Can Reveal Substantial Tax Savings

May 14th, 2026|Categories: Accountant, accountant near me, Beautiful Bill, Bonus Depreciation, Burns Firm, Business, Cost Segregation, CPA, CPA Dallas, CPA near me, Dallas CPA, Depreciating Business Assets, OBBBA, One Big Beautiful Bill Act, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Depreciation, Texas CPA, The Burns Firm|Tags: B, Bonus depreciation, cost segregation, Cost Segregation Studies, CPA, CPA Dallas, cpa near me, Depreciating Assets, OBBBA, One Big Beautiful Bill Act, Sec. 179 Expensing, tax, tax accountant, tax advisor, tax savings, Texas CPA, The Burns Firm|

Businesses that own commercial real property may be sitting on an overlooked treasure chest of tax savings — and a cost segregation study can be the key to unlocking [...]

Update on the First-Year Depreciation Tax Rules for Businesses

March 3rd, 2026|Categories: Accountant, accountant near me, Bonus Depreciation, Burns Firm, Business, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Depreciation, First-Year Bonus Depreciation, OBBBA, One Big Beautiful Bill 2025, One Big Beautiful Bill Act, Sec. 179, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Depreciation, Texas CPA, The Burns Firm|Tags: CPA Dallas, cpa near me, Dallas CPA, First-Year Bonus Depreciation, Luxury Business Vehicles Limits, OBBBA, One Big Beautiful Bill Act, Qualified Production Property, Sec. 179 First -Year Depreciation Rules, tax, tax advisor, Texas CPA, The Burns Firm, Update on First Year Depreciation Rules|

The One Big Beautiful Bill Act (OBBBA) included favorable changes to the federal income tax rules for depreciating business assets. And there are annual inflation adjustments to keep track [...]

Important 2026 Tax Figures for Businesses

January 6th, 2026|Categories: 401K, Accountant, accountant near me, Bonus Depreciation, Burns Firm, Business, Business Deductions, CPA, CPA Dallas, CPA near me, Dallas CPA, Depreciation, Retirement Plan, Roth 401K, Sec. 179, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Breaks, Tax Law Changes, Tax Rules, Texas CPA, The Burns Firm, Traditional IRA|Tags: 401K, accountant near me, Bonus depreciation, CPA, CPA Dallas, cpa near me, Dallas CPA, FSA, HSA, Important Tax Figures for Businesses in 2026, Qualified Retirement Plans, Section 179, tax, tax accountant near me, tax advisor, Texas CPA, The Burns Firm|

A new year brings many new tax-related figures for businesses. Here’s an overview of key figures for 2026. Be aware that exceptions or additional rules or limits may apply. [...]

Favorable Business Depreciation Tax Changes Under New Law

August 26th, 2025|Categories: Bonus Depreciation, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Excess Business Loss Rule, Sec. 179, Services, Tax, tax accountant, Tax Advisor, Tax Depreciation, Texas CPA, The Burns Firm|Tags: 100% First-Year Bonus Depreciation, Business Depreciation Tax Changes, cpa near me, CPA TExas, Dallas CPA, Excess Business Loss Rule, sec 179, Sec. 179 limitations, tax, tax advisor, The Burns Firm|

There's good news for businesses considering buying equipment and other capital assets: The One Big Beautiful Bill Act (OBBBA) dramatically improves first-year depreciation tax breaks. Here's what you need [...]

Updated Guidance on Business Vehicle Depreciation

May 9th, 2024|Categories: Accountant, Bonus Depreciation, Burns Firm, Business, Business Expense Deductions, Business Vehicle, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Sec. 179, Services, Tax, Tax Advisor, Tax Basis, Tax Depreciation, The Burns Firm|Tags: business vehicle depreciation, Business Vehicle Expenses, cpa near me, Dallas CPA, Depreciation on Business Vehicle, sec 179, Sec. 179 Deduction vs. Bonus Depreciation, tax, tax advisor, Texas CPA, The Burns Firm|

The rules for deducting depreciation expenses on vehicles used for business purposes have been liberalized under current tax law, but they remain complicated. In addition, annual inflation adjustments make allowable depreciation [...]