CPA Texas

Moving to a New State? Review the Tax Implications First

May 19th, 2026|Categories: Accountant, accountant near me, Burns Firm, CPA, CPA Dallas, CPA Texas, Dallas CPA, Moving Expenses, State Income Tax, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , |

Whether you’re relocating for work, retirement, family or lifestyle reasons, state taxes can have a significant financial impact. Taxes vary widely from state to state. And establishing residency for [...]

10 Ideas for Boosting Profits

May 5th, 2026|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, Business Assets, Business Deductions, Business Expense Deductions, Business Losses, Business Valuation, Business Write-offs, C Corporation, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Growing A Business, Partnership, Record Keeping for Business, S Corporation, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , |

They say little things mean a lot. And relatively small expenses can add up to a huge amount of money your company could be wasting over long periods. By [...]

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: , , , , , , , , , , |

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 [...]

Tax Returns: Spouses Can Be Guilty Until Proven Innocent

April 28th, 2026|Categories: accountant near me, Accounting, Amended Tax Return, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Innocent Spouse, Innocent Spouse Relief, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Filing Status, Tax Law, Tax Liability, Tax Preparation, tax preparer near me, Tax Return, Tax Return Filing, Tax Return Preparer, Tax Rules, Taxable Income, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , |

When you got married, you knew it was for "better or worse." But you might not know about laws that hold you responsible if your spouse or ex-spouse cheats [...]

Individual tax calendar: Key deadlines for the remainder of 2026

April 23rd, 2026|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Estimated Tax, Estimated Tax Payments, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Filing Status, Tax Return, Tax Return Filing, Tax Return Preparer, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , |

Yes, the April 15 tax deadline is now behind us. But there are also deadlines during the rest of the year that are important to be aware of. To help [...]

Testing the Waters Before Jumping In

April 21st, 2026|Categories: Accountant, accountant near me, Accounting, Acquisition of Company, Asset Purchase vs Stock Purchase, Burns Firm, Business, Business Asset Sale, Business Assets, Business Merger, Business Valuation, Countdown to Transition, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Merger & Acquisition, Record Keeping for Business, Sale of Business, Sell Business, Selling a Business, Small Business, Succession Planning, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , , , , , , |

When considering a merger or acquisition, the most opportune time to find out about possible culture clashes is obviously before the deal is complete. In fact, one often-cited reason [...]

Your Post-Tax-Filing Checklist

April 16th, 2026|Categories: accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tx accountant, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Planning, Tax Records, Tax Refund, Tax Return, Tax Return Filing, Tax Return Preparer, Texas CPA, The Burns Firm, Withholding|Tags: , , , , , , , , , , , |

After you’ve filed your 2025 tax return, what’s next? It’s easy to move on to other things, but taking a little time to address some tax-related items now can help [...]

Why Now Is a Good Time to Review Your Withholding

April 9th, 2026|Categories: Accountant, accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Withholding, Texas CPA, The Burns Firm, Withholding|Tags: , , , , , , , , , , , |

Filing your 2025 federal income tax return can provide valuable insights to help with 2026 tax planning. For example, if you receive a large refund or owe significant taxes [...]

4 Types of Deductible Interest Expense for Individuals

April 7th, 2026|Categories: Accountant, accountant near me, Auto Loan Interest, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Interest, Interest Deductions, Interest Expense Deduction, Investment Interest, Itemized Deductions, Mortgage Interest, One Big Beautiful Bill 2025, One Big Beautiful Bill Act, Student Loan Interest, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , , , , |

How can you deduct interest expense on your 2025 individual federal income tax return and beyond? Let us count the ways. Although personal interest expense isn't deductible in general [...]

Are You Eligible for Mileage Deductions?

April 2nd, 2026|Categories: Accountant, accountant near me, Burns Firm, Business Deductions, Business Mileage Rate, Business Vehicle, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Deductions, Mileage Deductions, OBBBA, One Big Beautiful Bill Act, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, tax write-offs, Texas CPA, The Burns Firm, Vehicle Deductions, Vehicle Expenses|Tags: , , , , , , , , , , , |

Whether you’re filing your 2025 individual income tax return or planning for 2026, it’s important to know if you can deduct vehicle-related expenses. A change that was made permanent by [...]

Rules of the Game: The Right Way to Handle Gambling Winnings

March 31st, 2026|Categories: Accountant, accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Gambling, Gambling Losses, Gambling Winnings, Tax, tax accountant, tax accountant near me, Tax Advisor, The Burns Firm|Tags: , , , , , , , , , |

It's not true that the "house" always wins — but it's close. Various estimates put casino "winners” — gamblers who walk away from a casino with more money than they entered [...]

Don’t Miss Your Opportunity to Make a 2025 IRA Contribution — Whether You Can Deduct It Or Not

March 26th, 2026|Categories: accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, IRA, IRA Contributions, Retirement Plan, Roth 401K, Roth IRA, Services, Tax, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , |

Generally, each year you can contribute up to the annual limit to a traditional or Roth IRA (or a combination of the two). But once the contribution deadline has [...]

It’s Your Last Chance to Claim These Clean Energy Tax Breaks

March 19th, 2026|Categories: Accountant, accountant near me, Burns Firm, Clean Vehicle Tax Credit, Clean Vehicle Tax Credits, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tax return preparer, Electric Vehicle, Electric Vehicle Credits, EV Credits, EV's, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Breaks, Tax Credits, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , |

Last year’s One Big Beautiful Bill Act (OBBBA) terminated several clean energy tax incentives earlier than previously scheduled. But if you bought an electric vehicle or made certain green [...]

What’s Your Potential Business Vehicle Deduction?

March 12th, 2026|Categories: Accountant, accountant near me, Accounting, Business, Business Deductions, Business Expense Deductions, Business Vehicle, Business Write-offs, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm, Vehicle Deductions|Tags: , , , , , , , , , , , |

If you used one or more vehicles in your business during 2025, you may be eligible for valuable tax deductions on your 2025 income tax return. Businesses can generally [...]

Update on the First-Year Depreciation Tax Rules for Businesses

March 3rd, 2026|Categories: Accountant, accountant near me, Bonus Depreciation, Burns Firm, Business, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Depreciation, First-Year Bonus Depreciation, OBBBA, One Big Beautiful Bill 2025, One Big Beautiful Bill Act, Sec. 179, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Depreciation, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , , , |

The One Big Beautiful Bill Act (OBBBA) included favorable changes to the federal income tax rules for depreciating business assets. And there are annual inflation adjustments to keep track [...]

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