Business Depreciation

Make the Most of the General Business Credit

July 15th, 2026|Categories: Accountant, accountant near me, Burns Firm, Business, Business Assets, Business Deductions, Business Depreciation, Business Expense Deductions, Business Losses, Business Recordkeeping, Business Travel Deductions, Business Valuation, Business Vehicle, Business Write-offs, CPA, CPA Dallas, Dallas CPA, General Business Credit, QBI, QBI Deduction, Record Keeping for Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Breaks, Tax Credits, Tax Deductions, Tax Depreciation, Tax Preparation, Tax Refund, Tax Return, Tax Rules, Tax Withholding, Tax-Free Merger, Texas CPA, The Burns Firm, Vehicle Deductions, Vehicle Expenses|Tags: Business Advisor, business tax credits, CPA, cpa near me, Dallas CPA, General Business Credit, tax, tax accountant, tax advisor, tax credits for businesses, The Burns Firm, What is the General Business Credit|

Tax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business's taxable income, a credit reduces the business's tax liability dollar for dollar. Tax [...]

Business Tax Update: IRS Guidance on QPP Depreciation Rules

April 30th, 2026|Categories: Accountant, accountant near me, Burns Firm, Business, Business Depreciation, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Depreciating Business Assets, Depreciation, QPA, QPP, QPP Depreciation Rules, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: Business Depreciation Deductions, Depreciation Deductions, Nonresidential Real Property, OBBBA, QPAs, QPP, QPP Depreciation Rules, Safe Harbor Rule for Certain Property Placed in Service in 2025, tax, tax advisor, The Burns Firm|

Under the One Big Beautiful Bill Act (OBBBA), eligible businesses can claim 100% first-year depreciation for nonresidential real estate that's classified as qualified production property (QPP). This provision can [...]