Business Tax Planning – The Burns Firm – Advisors of Complex Financial Matters

Divorce Cases: Active versus Passive Appreciation

September 1st, 2026|Categories: Accountant, accountant near me, Active vs Passive Appreciation, Burns Firm, Business, Business Tax Planning, Business Valuation, CPA, CPA Dallas, CPA near me, Dallas CPA, Divorce, Divorce CPA, passive activity rule, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Breaks, Tax Credits, Tax Deductions, Tax Depreciation, Tax Planning, Tax Planning for Businesses, Texas CPA, The Burns Firm|Tags: Active vs Passive Appreciation, CPA, cpa near me, Dallas CPA, divorce, Divorce and Your Business, tax, tax accountant, tax advisor, Texas CPA, The Burns Firm|

It's common in divorce cases for an interest in a closely held business or professional practice to be the marital estate's most valuable asset. In many states, when the [...]

Self-Employed? You May Be Eligible for the Home Office Deduction

August 13th, 2026|Categories: Accountant, accountant near me, Burns Firm, Business, Business Deductions, Business Expense Deductions, Business Tax Planning, Business Write-offs, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Expenses, Home Office, Home Office Deduction, Home Office Expenses, Indirect vs Direct Expenses, Itemized Deductions, Record Keeping for Business, Recordkeeping for Travel Expense, Small Business, Small Business Tax Planning, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Breaks, Tax Credits, Tax Deductions, Tax Preparation, tax preparer near me, Tax Return, Tax Rules, tax write-offs, Texas CPA, The Burns Firm, Travel Expense, Travel Write-offs for Business|Tags: CPA, cpa near me, Dallas CPA, Direct Expenses vs Indirect Expenses, home office deductions, Home Office Deductions on Tax Return, self-employed, tax, tax accountant near me, tax advisor, tax preparation, tax preparer near me, Texas CPA, The Burns Firm, What Are Indirect Expenses|

Once upon a time, employees could claim home office expenses as a miscellaneous itemized deduction, subject to a 2%-of-adjusted-gross-income floor, if the arrangement was for their employer's convenience. But [...]

Could the New Markets Tax Credit Benefit Your Business?

August 6th, 2026|Categories: Accountant, accountant near me, Burns Firm, Business, Business Tax Planning, Business Write-offs, Corporation, CPA, CPA Dallas, CPA near me, CPADallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, New Markets Tax Credits, NMTC, OBBBA, One Big Beautiful Bill Act, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Law, Tax Law Changes, tax preparer near me, Tax Return, Tax Return Filing, Tax Return Preparer, Tax Rules, tax write-offs, Texas CPA, The Burns Firm|Tags: accountant near me, CPA, cpa near me, Dallas CPA, IRS, IRS Tax Credits, New Markets Tax Credit, NMTC, OBBBA, One Big Beautiful Bill, One Big Beautiful Bill Act, tax, tax accountant, tax accountant near me, tax advisor, tax credits, tax preparer, The Burns Firm|

Businesses in economically distressed communities often have difficulty obtaining capital for expansion, equipment, facilities and other investments. The New Markets Tax Credit (NMTC) encourages private investment in these underserved [...]

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 [...]

Midyear Tax Planning for Noncorporate Small Business Owners

June 23rd, 2026|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, Business Tax Planning, CPA, CPA Dallas, CPA near me, Dallas CPA, OBBBA, One Big Beautiful Bill 2025, One Big Beautiful Bill Act, QBI, QBI Deduction, Small Business, Small Business Tax Planning, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Planning, Tax Planning for Businesses, Tax Strategy, Texas CPA, The Burns Firm, Year-End Tax Planning|Tags: business tax planning, CPA, cpa near me, Dallas CPA, QBI deduction, small business tax planning, tax, tax accountant, tax advisor, Tax planning, tax planning for business, Texas CPA, The Burns Firm|

If you operate your small business as a sole proprietorship or a single-member limited liability company (LLC) treated as a sole proprietorship for tax purposes, paying close attention to [...]