Retirement

8 Life Events that May Change Your Tax Situation

May 27th, 2025|Categories: Accountant, accountant near me, Adoption, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Divorce, Marriage and Tax Status, Retirement, Tax, tax accountant, Tax Advisor, Tax Filing Status, tax write-offs, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , , , , |

Life is full of changes, and many significant milestones can affect your tax situation in unforeseen ways. Whether you're getting married, welcoming a new child, starting a new job [...]

Explore SEP and SIMPLE retirement plans for your small business

May 1st, 2025|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Retirement, Retirement Plan, Savings Incentive Match Plan for Employees, SEP-IRA, Services, SIMPLE, SIMPLE IRA Plan, Simplified Employee Pension, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: , , , , , , , , , |

Suppose you’re thinking about setting up a retirement plan for yourself and your employees. However, you’re concerned about the financial commitment and administrative burdens involved. There are a couple [...]

401 (k) Plan Catch-Up Contributions

April 8th, 2025|Categories: 401K, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Retirement, Retirement Plan, Roth 401K, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , , |

How big is your retirement nest egg? Too often, people sacrifice retirement savings to afford a bigger home, cover emergency expenses or pay for their children's education. But time [...]

How to Trim Your 2024 Taxes by Contributing to a Retirement Plan in 2025

March 4th, 2025|Categories: Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, IRA, Retirement, Retirement Plan, Roth 401K, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm, Traditional IRA|Tags: , , , , , , , , , , , , , |

Many types of retirement plans allow contributions to be made after year end. And last-minute retirement contributions can be a powerful strategy: You can lower your 2024 taxes while [...]

Maximize Your 401(k) in 2025: Smart Strategies for a Secure Retirement

January 23rd, 2025|Categories: 401K, Accountant, CPA, CPA Dallas, CPA near me, Retirement, Retirement Plan, Roth 401K, Tax, Tax Advisor, Texas CPA, The Burns Firm, Traditional IRA|Tags: , , , , , , , |

Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a 401(k) or [...]

The Social Security “Earnings Test” Will Increase in 2025

December 23rd, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPADallas, Dallas CPA, Retirement, Services, Social Security, Social Security Benefits, Tax, Tax Advisor, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , |

Many retirees collecting Social Security benefits go back to work part time. If they haven't reached full retirement age and they earn over a certain amount, they'll have a [...]

Ready, Set, Retire

May 7th, 2024|Categories: 401K, Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, IRA, Retirement, Retirement Plan, Tax, tax accountant, tax accountant near me, Tax Advisor, Taxable Income, Texas CPA, The Burns Firm|Tags: , , , , , , , |

Have you given any thought to your retirement? Even if you don't expect to retire anytime soon, the earlier you start planning how you'll transition from work to retirement, the [...]

Four Tax Challenges You May Encounter If You’re Retiring Soon

May 30th, 2023|Categories: Accountant, are social security benefits taxable, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Retirement, Services, Tax, Tax Advisor, Tax Planning, The Burns Firm|Tags: , , , , , , , , , |

Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of [...]

Two Important Tax Deadlines Are Coming Up — and They Don’t Involve Filing Your 2022 Tax Return

March 21st, 2023|Categories: 401K, Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Estimated Tax, Estimated Tax Payments, Retirement, Services, Tax, Tax Advisor, Tax Return, Tax Return Filing, The Burns Firm|Tags: , , , , , , , , |

April 18 is the deadline for filing your 2022 tax return. But a couple of other tax deadlines are coming up in April and they’re important for certain taxpayers: [...]

There Still May Be Time to Make An IRA Contribution For Last Year

February 23rd, 2023|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, IRA, Retirement, Retirement Plan, Tax, Tax Advisor, The Burns Firm|Tags: , , , , , |

If you’re getting ready to file your 2022 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you’re [...]

Retirement plan early withdrawals: Make sure you meet the requirements to avoid a penalty

February 7th, 2023|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Early Withdrawal from IRA, IRA, Retirement, Retirement Plan, Services, Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0), Tax, Tax Preparation, Tax Return, The Burns Firm|Tags: , , , , , , , , |

Most retirement plan distributions are subject to income tax and may be subject to an additional penalty if you take an early withdrawal. What’s considered early? In general, it’s [...]

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