QBI Deduction – The Burns Firm – Advisors of Complex Financial Matters

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 [...]

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 [...]

Claiming the QBI Deduction for Rental Real Estate

May 21st, 2026|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, OBBBA, One Big Beautiful Bill 2025, One Big Beautiful Bill Act, QBI, QBI Deduction, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: CPA, cpa near me, Dallas CPA, OBBBA, One Big Beautiful Bill Act, QBI deduction, QBI Deduction for Rental Real Estate, tax, tax advisor, Texas CPA, The Burns Firm|

The One Big Beautiful Bill Act (OBBBA), enacted in 2025, made permanent the federal income tax deduction for qualified business income (QBI). This break was originally introduced under the [...]