Selling a Business – Page 4 – The Burns Firm – Advisors of Complex Financial Matters

Tax Reform: Which Changes Are Temporary vs. Permanent?

September 28th, 2018|Categories: Accounting, Burns Firm, C Corporation, Partnership, S Corporation, Sell Business, Selling a Business, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: 2018 tax year tax changes, changes to 2018 tax return filing, CPA, tax, Tax changes, TCJA, The Burns Firm|

The Tax Cuts and Jobs Act (TCJA) includes a bevy of important tax changes for individuals and businesses. However, it's sometimes hard to keep track of which changes are permanent [...]

Liquidating a Corporation? Avoid Double Taxation with Smart Planning

September 27th, 2018|Categories: Burns Firm, C Corporation, Merger & Acquisition, Sell Business, Selling a Business, Tax|Tags: avoid tax, double taxation, liquidating corporation, Planning, Sell a business, shareholders tax, tax, tax level, The Burns Firm|

Perhaps you're considering selling off your C corporation's assets and liquidating the firm. Typically, such a transaction is accomplished in three stages: The corporation makes a direct sale of its [...]

How Far Will it Go?

July 12th, 2018|Categories: Burns Firm, Business, EBITDA, Merger & Acquisition, Sell Business, Selling a Business|Tags: Acquisition, business, business for sale, M&A, Merger, merger&acquisition, mergers, Planning, sell my business, Selling a business, The Burns Firm|

In this article we will discuss current M&A activity and Private Equity activity. Lets first look at some of the national statistics and translate that to how it affects our [...]

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 [...]

Tax Document Retention Guidelines for Small Businesses

May 1st, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Countdown to Transition, EBITDA, Merger & Acquisition, Partnership, S Corporation, Sell Business, Selling a Business, Services, Tax, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: Accounting, Acquisition, business, Buying a business, expense, Merger, merging businesses, payroll, payroll tax, Planning, Sell a business, Selling, Selling a business, tax, TCJA, The Burns Firm, The Burns Firm Venture Partners|

You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). But if your office is strewn with reams of paper consisting [...]

Absorbing a Business? Realize Payroll Tax Savings

April 24th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Merger & Acquisition, Partnership, S Corporation, Sell Business, Selling a Business, Tax, Tax Planning, Tax Preparation, Tax Return|Tags: Accounting, Acquisition, Assets, deductions, EBITDA, M&A, Merger, payroll, payroll tax, Selling your business, tax, The Burns Firm|

Conversely if one employer acquires another employer during the year -- and it continues to employ some of the same workers -- the successor can count the wages paid by [...]

Succession Planning: Are You Ready?

February 20th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Countdown to Transition, EBITDA, Merger & Acquisition, Partnership, S Corporation, Sell Business, Selling a Business, Tax, Tax Planning|Tags: Accounting, Acquisition, EBITDA, Merger, Planning, Sell, Sell a business, Selling, Succession Planning, Target Audience, tax, The Burns Firm, The Burns Firm Venture Partners|

Many business owners procrastinate putting a well-conceived succession plan in place. The reasons are understandable. It can be difficult to plan for your replacement and deal with your mortality. Here [...]

The TCJA temporarily expands bonus depreciation

January 4th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Exemptions, Law, Partnership, S Corporation, Sell Business, Selling a Business, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: Accounting, Assets, Bonus depreciation, deductions, Denis Burns, dependents, exemptions, IRA, IRS, qualified plan, tax, tax credits, tax preparation, tax return, The Burns Firm|

The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily — is bonus depreciation. While most [...]

When Can You Deduct Theft Losses?

December 21st, 2017|Categories: Accounting, Burns Firm, Business, Partnership, S Corporation, Selling a Business, Services, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: Accounting, deductions, IRS, Loss, tax, tax credits, tax preparation, tax return, The Burns Firm|

The tax law allows you to deduct your personal losses resulting from casualties and thefts within certain limits. And a "theft" for tax purposes isn't strictly limited to house burglaries [...]