Business – Page 5 – The Burns Firm – Advisors of Complex Financial Matters

Due Diligence Checklist for Sellers

September 29th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, Buying a Business, C Corporation, Corporation, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Due Diligence, LLC, M&A, Merger & Acquisition, Partnership, Sell Business, Selling a Business, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Deductions, The Burns Firm|

When it comes to due diligence procedures, much attention is focused on those who want to buy a business. But sellers must also conduct due diligence investigations and it's important [...]

2022 Q4 tax calendar: Key deadlines for businesses and other employers

September 22nd, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, C Corporation, CPA, CPA Dallas, CPA in NOrth Texsa, CPA near 75248, CPA near 75252, CPA near me, CPA neasr 75248, CPADallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, S Corporation, Self-employed, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, The Burns Firm|Tags: 2022 tax filing deadlines, accountant near me, CPA Dallas, cpa near me, Dallas CPA, North Texas CPA, Q4, Q4 filing deadline, Q4 filing deadlines, tax accountant near 75248, tax accountant near me, tax advisor, tax filing, tax filing deadlines 2022, The Burns Firm|

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may [...]

Three Tax Breaks for Small Businesses

August 16th, 2022|Categories: Accountant, accountant near me, Accounting, Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Expenses, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, tax preparer near me, Tax Return, tax season tips, Tax Withholding, tax write-offs, The Burns Firm, Year-End Tax Planning|Tags: CPA Dallas, cpa near me, Dallas CPA, Dallas CPA near me, QBI deduction, small business, small business tax breaks, tax breaks, tax breaks for my small business, tax breaks for small business 2022, tax preparer near me, The Burns Firm, what is a QBI deduction|

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples. QBI deduction For [...]

Good News: IRS Boosts Standard Mileage Rates for Second Half of 2022

July 22nd, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, Business Vehicle, Business Write-offs, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, IRS, Services, Small Business, Tax, tax write-offs, The Burns Firm|Tags: 2022 mileage rate, are my business miles driven deductibe, can i deduct business miles driven, CPA Dallas, Dallas CPA, deductible miles, do I qualify for standard mileage rate deduction, IRS boost mileage rate for remainder of 2022, irs increases standard mileage rate for qualified business drivers, mileage rate from IRS, tax, The Burns Firm|

The IRS recently announced it will be increasing the standard mileage rate for qualified business drivers for the second half of 2022. The adjustment reflects rising costs at the gas pumps [...]

2022 Q3 tax calendar: Key deadlines for businesses and other employers

June 28th, 2022|Categories: Accountant, Accounting, Burns Firm, Business, C Corporation, Corporation, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, LLC, Partnership, Quarterly Filings, S Corporation, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Return, The Burns Firm|Tags: CPA Dallas, Dallas CPA, deadlines for businesses in Q3, Q3 filing requirements, Q3 tax calendar, tax, tax preparer near me, tax-related deadlines, The Burns Firm|

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may [...]

The Ins and Outs of Series EE Savings Bond Taxation

June 9th, 2022|Categories: Accountant, Accounting, Burns Firm, Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Tax, tax accountant, tax accountant near me, The Burns Firm|Tags: CPA Dallas, cpa near me, Dallas CPA, Dallas CPA near me, info on savings bond, information on series EE savings bond and tax, ins and outs of series EE savings bond taxation, saving bonds tax, savings bonds, Series EE savings bond and tax, tax preparer near me, taxation on savings bond, The Burns Firm|

Many people own Series E and Series EE bonds that were bought many years ago. They may rarely look at them or think about them except on occasional trips to [...]

How Tax Reform Affects Divorce Settlements for Small Business Owners

June 7th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Deductions, The Burns Firm, Year-End Tax Planning|Tags: business owner and divorce tax issues, CPA Dallas, CPA tax advisor near me, Dallas CPA, how tax reform affects divorce settlement for small business owners, tax, tax accountant near me, tax advisor near me, tax issues if you own a business and get divorced, tax reform and divorce, The Burns Firm|

How does the Tax Cuts and Jobs Act (TCJA) affect divorce settlements? Changes in the new law may require divorcing individuals — especially those who own businesses and other investments — [...]

What Should You Do if You’ve Picked the Wrong Successor for Your Family Business?

May 24th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Small Business, tax accountant, tax accountant near me, Tax Planning, The Burns Firm, Year-End Tax Planning|Tags: CPA Dallas, cpa near me, Dallas CPA, family business successor, family successor to business, how can i change the successor to my business, how do I select a successor to my business, how to determine right successor for your business, planning for handing business to family member, selling business to family member, The Burns Firm|

Determining the right successor for your family business can be more complex than it first appears. Sometimes what looks good on paper doesn't play out well in reality. When the time [...]

Tax Season Filing Tips

May 24th, 2022|Categories: Accountant, Accounting, are social security benefits taxable, Burns Firm, Business, Corporation, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Delinquent Tax, Estimated Tax, Estimated Tax Payments, Exemptions, Expenses, Gift Tax, household employees and tax, Inheritance, Partnership, S Corporation, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, tax scams to be aware of, tax write-offs, The Burns Firm|

Did you know that tax return errors can delay refunds and increase audit risk? Before your tax return preparation appointment, make sure you've gathered all 2021 tax documents received, such [...]

Using a Noncompete Agreement When Buying a Business

May 17th, 2022|Categories: Accountant, Accounting, Burns Firm, Business, Buying a Business, CPA, CPA Dallas, Dallas CPA, Dallas tx accountant, Due Diligence, M&A, Merger & Acquisition, Sell Business, Selling a Business, Services, Small Business, Tax, The Burns Firm|Tags: asset purchases, buy a business, Buying a business, CPA Dallas, Dallas buying and selling, Dallas CPA, Dallas m&A, due diligence when buying a business, i want to buy a business, i want to sell my business, M&A expert, noncompete agreement when buying a business, sell your business, Selling a business, stock purchase treated as asset purchase, stock purchases, The Burns Firm, who can help me sell my business|

Noncompete agreements are commonly included in business purchase transactions to prevent the seller from competing against the buyer for the term of the noncompete agreement. These arrangements are also sometimes called [...]

Tax Issues When SELLING a Business With an Earnout

May 12th, 2022|Categories: Accountant, Accounting, Burns Firm, Business, Business Write-offs, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Due Diligence, M&A, Merger & Acquisition, Sell Business, Selling a Business, Services, Small Business, Tax Planning, tax write-offs, The Burns Firm|Tags: accountant near me, CPA Dallas, cpa near me, Dallas CPA, merger and acquisition, selling my business, tax issues when selling a business with an earnout, tax preparer near me, The Burns Firm, who can hel me sell my business|

When a business is sold or purchased, the transaction might involve an earnout provision. This is a contractual arrangement in which the seller receives additional payment in the future if certain [...]

May 5th, 2022|Categories: Accountant, Accounting, Burns Firm, Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Tax, Tax Planning, The Burns Firm|Tags: benefit to having an HSA, CPA Dallas, cpa near me, Dallas CPA, HDHP minimum required deductibles, HSA, HSA benefits, HSA contribution limits, The Burns Firm, what are the qualifications for an HSA|

With Health Savings Accounts (HSAs), individuals and businesses buy less expensive health insurance policies with high deductibles. Contributions to the accounts are made on a pre-tax basis. The money can accumulate [...]

What are the tax implications of selling mutual fund shares?

May 3rd, 2022|Categories: Accountant, Accounting, Burns Firm, Business, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: can I sell mutual fund shares, CPA Dallas, cpa near me, Dallas CPA, do I get taxed from selling my mutual fund, how do I determine the basis of shares when selling mutual fund, how do I measure gain or loss when selling mutual funds, how do I sell mutual fund shares, mutual fund advise near me, selling mutual fund shares, tax accountant near me, tax and selling mutual fund, tax consequences of selling mutual fund shares, tax CPA near me, tax filing, tax preparer near me, The Burns Firm|

If you’re an investor in mutual funds or you’re interested in putting some money into them, you’re not alone. According to the Investment Company Institute, a survey found 58.7 million [...]

Things to Consider Once Your Tax Return Is Filed

April 26th, 2022|Categories: Accountant, Accounting, Burns Firm, Business, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, Tax Withholding, tax write-offs, The Burns Firm, Withholding, Year-End Tax Planning|Tags: can i amend my tax return, CPA Dallas, cpa near me, Dallas CPA, how do I check the status of my refund, how long do i need to keep my tax records, how long save tax documents once return is filed, howmuch does it cost to have a cpa prepare my tax return, i forgot to include some income on tax return can I amend it, tax filer near me, tax filing deadline, tax preparation near me, tax preparer near me, The Burns Firm, where is my refund|

The tax filing deadline for 2021 tax returns was April 18 this year. After your 2021 tax return has been successfully filed with the IRS, there may still be some [...]

2022 Q2 tax calendar: Key deadlines for businesses and other employers

April 19th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Quarterly Filings, Services, Tax, tax accountant, tax accountant near me|Tags: CPA Dallas, CPA Dallas The Burns Firm, Dallas CPA, filing deadlines, Q2 deadlines, Q2 filing deadlines, tax filing, tax preparation, tax preparer near me, The Burns Firm|

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Keep in mind that this list isn’t all-inclusive, so [...]