Retirement Plan – Page 3 – The Burns Firm – Advisors of Complex Financial Matters

Squeeze More Out of a Company SEP

November 27th, 2018|Categories: Burns Firm, Business, C Corporation, Partnership, Retirement Plan, S Corporation, Services, Tax, Tax Credits, Tax Planning, TCJA|Tags: CPA. TCJA, Retirement, SEP, tax, Tax planning, tax returns, The Burns Firm|

If you want a retirement plan for your small company or self-employed business -- but you don't want to be buried in paperwork -- consider a simplified employee pension plan [...]

Get started on 2018 tax planning now!

May 8th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Merger & Acquisition, Partnership, Retirement Plan, S Corporation, Selling a Business, Services, Tax, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: 2018 tax planning, Accounting, business, C corp, Denis Burns, expense, IRS, Planning, Retirement, tax, Tax planning, tax return, TCJA, The Burns Firm|

With the April 17 individual income tax filing deadline behind you (or with your 2017 tax return on the back burner if you filed for an extension), you may be [...]

2 Tax Credits Just for Small Businesses May Reduce 2017 and 2018 Tax Bills

February 6th, 2018|Categories: ACA, Accounting, Burns Firm, Business, C Corporation, Exemptions, Partnership, Retirement Plan, S Corporation, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: ACA, Accounting, deductions, eligiblility, exemptions, expense, IRS, Jobs Act, Retirement, Retirement Plan, tax, tax credits, Tax cuts, tax preparation, tax return, TCJA, The Burns Firm|

Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income subject to tax. Maximizing available credits is especially important now [...]