Bookkeeping for Business – The Burns Firm – Advisors of Complex Financial Matters

Cash vs. Accrual: Choose the Right Accounting Method for Business Tax Purposes

January 8th, 2026|Categories: accountant near me, Accounting, Accounting Methods, Accrual Accounting Method, Bookkeeping for Business, Burns Firm, Cash Accounting Methiods, Cash Accounting Method, Cash vs Accual, CPA, CPA Dallas, CPA near me, CPA Texas, CPADallas, Dallas CPA, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: accountant near me, Accounting, Best Accounting Method for My Business, Cash vs Accrual, Cash vs Accrual Methods, CPA, cpa near me, Dallas CPA, Method of Accounting for a Business, tax, tax advisor, Texas CPA, The Burns Firm|

Many businesses have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those that qualify, [...]

Tax Court Case Provides Lessons on Best Recordkeeping Practices for Businesses

September 30th, 2025|Categories: accountant near me, Accounting, Bookkeeping for Business, Burns Firm, Business, Business Recordkeeping, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tx accountant, Record Keeping for Business, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm|Tags: accountant near me, Bookkeeping, business, Business Records, cpa near me, Dallas CPA, Recordkeeping for Business, tax, tax advisor, Tax Breaks for Business, Texas CPA, The Burns Firm|

Running a successful business requires more than delivering great products or services. Behind the scenes, meticulous recordkeeping plays a crucial role in financial health, compliance and tax savings. Good [...]

Business Owners Beware of the Limits on Deducting Losses

January 14th, 2025|Categories: Accountant, Bookkeeping for Business, Burns Firm, Business, Business Deductions, Business Expense Deductions, Business Travel Deductions, Business Write-offs, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Expenses, Meals & Entertainment Deductions, Partnership, S Corporation, Services, Small Business, Tax, tax accountant, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm|Tags: Basis Limits for Partnerships and S Corporations, business deductions, Business Expense Deductions, cpa near me, Dallas CPA, Deducting Losses for your Business, tax accountant, tax advisor, The Burns Firm|

Even successful businesses occasionally incur losses. Start-ups and expanding businesses often have unprofitable years, and unexpected events like pandemics can knock companies that have been financially healthy for years for [...]

From Flights to Meals: A Guide to Business Travel Tax Deductions

November 20th, 2024|Categories: Accountant, accountant near me, Bookkeeping for Business, Burns Firm, Business Deductions, Business Expense Deductions, Business Travel Deductions, Business Write-offs, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Expenses, Record Keeping for Business, Recordkeeping for Travel Expense, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm, Travel Expense, Travel Write-offs for Business|Tags: Business Expense for Travel, Business Travel, CPA, CPA Dallas, cpa near me, deductions, Deductions for Business Travel, Record-Keeping for Business Travel, tax, tax advisor, Texas CPA, The Burns Firm|

As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel expenses are tax deductible can significantly affect [...]

Cash or accrual accounting: What’s best for tax purposes?

September 10th, 2024|Categories: Accountant, accountant near me, Accounting Methods, Accrual Accounting Method, Bookkeeping for Business, Burns Firm, Business, Cash Accounting Method, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tx accountant, Self-employed, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: accounting methods, Accrual Accounting Methods, Best Accounting Method for My Business, Can My Business Switch Accounting Methods, Cash Accounting, Cash vs Accrual, CPA, cpa near me, Dallas CPA, tax advisor, Texas CPA, The Burns Firm|

Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those that [...]

Pay Attention to the Tax Rules If You Turn a Hobby Into a Business

May 21st, 2024|Categories: Accountant, Accounting, Bookkeeping for Business, Burns Firm, Business, CPA, CPA Dallas, CPA near me, CPA Texas, Hobby, Hobby Loss Rules, Record Keeping for Business, Tax, tax accountant near me, Tax Advisor, The Burns Firm|Tags: cpa near me, Dallas CPA, hobby, Hobby Tax Rules, How to avoid the hobby loss rule, tax, tax advisor, Texas CPA, The Burns Firm, Turning A Hobby Into a Business, What is considered a Hobby?|

Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open a charter fishing business. Or maybe you’d like to [...]