Business Automobile – The Burns Firm – Advisors of Complex Financial Matters

IRS Revs Up Standard Mileage Rates for the Second Half of 2026

July 22nd, 2026|Categories: Accountant, accountant near me, Burns Firm, Business, Business Automobile, Business Mileage Rate, Business Tax Planning, Business Vehicle, CPA, CPA Dallas, CPA near me, Dallas CPA, Mileage Deductions, Services, Small Business, Tax, tax accountant, Tax Advisor, Tax Deductions, Tax Preparation, tax preparer near me, Texas CPA, The Burns Firm|Tags: CPA, cpa near me, Dallas CPA, IRS Mileage Rate 2026, Midyear Mileage Rate Adjusted by IRS, Mileage Rate, Mileage Rates for Business Vehicle in 2026, tax, tax advisor, tax preparer, Texas CPA, The Burns Firm, Two Mileage Rates for 2026|

The IRS recently announced an increase in the optional standard mileage rate for business vehicle use for the second half of 2026. The adjustment reflects higher fuel costs this [...]

Dos and Don’ts for Business Expense Deductions

February 6th, 2024|Categories: Accountant, Accounting, Burns Firm, Business, Business Automobile, Business Deductions, Business Expense Deductions, Business Vehicle, Business Write-offs, Client Gifts, CPA, CPA Dallas, CPA near me, CPADallas, Dallas CPA, Dallas tx accountant, Deductions, Entertainment Deductions, Expenses, Meals & Entertainment Deductions, Services, Tax, tax accountant, Tax Advisor, Tax Deductions, The Burns Firm|Tags: are client gifts deductible, business deductions, Business Expense Deductions, business expenses, Client Gifts, cpa near me, Dallas CPA, deductions, Meal and Entertainment Deductions, tax, tax deductions, The Burns Firm, Vehicle Expense Deduction, What Can I Deduct for Business Expenses|

As tax season heats up, companies of all kinds and sizes will be on the hunt for ways to reduce their tax bills. One of the most common ways is [...]

The Standard Business Mileage Rate Will Be Going Up Slightly in 2024

January 4th, 2024|Categories: Accountant, Accounting, Burns Firm, Business, Business Automobile, Business Deductions, Business Vehicle, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Expenses, Services, Tax, tax accountant, Tax Advisor, Tax Deductions, The Burns Firm|Tags: business deductions, business expenses, Business Mileage Rate 2024, Cent-Per_Mile Rate 2024, Record Keeping for Business Expenses, tax, tax advisor, The Burns Firm|

The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per mile in 2024. The IRS [...]

Business Automobiles: How the Tax Depreciation Rules Work

October 19th, 2023|Categories: Accountant, accountant near me, Burns Firm, Business Automobile, Business Write-offs, CPA, CPA Dallas, CPA near me, Dallas CPA, Depreciation, Services, Tax, tax accountant, Tax Advisor, Tax Deductions, Tax Depreciation, Tax Planning, The Burns Firm|Tags: Business Automobiles, cpa near me, Dallas CPA, Dallas CPA firm, tax, tax advisor, tax depreciation rules for business automobiles, tax rules, The Burns Firm|

Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply [...]