tax accountant near me

Hiring independent contractors? Make sure you’re doing it right

May 22nd, 2025|Categories: Accountant, Burns Firm, Contractor, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Employee vs Contractor, Independent Contractor, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Depreciation, Tax Withholding, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , , |

Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re among them, ensuring these workers are properly classified for [...]

The Tax Rules for Legal Awards and Settlements: What Recipients Should Know

May 15th, 2025|Categories: Accountant, accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Legal Awards and Settlements, Nontaxable Awards, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Law, Taxable Awards|Tags: , , , , , , , , , |

If you’ve recently received a settlement or award from a lawsuit, or you’re expecting one, you may be wondering how the IRS views this money. Will you need to pay [...]

Tax Advice for Recent College Grads

May 13th, 2025|Categories: American Opportunity Tax Credit, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Education, Education Expenses, Student Loan Interest, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Return, Tax Return Filing, Tax Return Preparer, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , |

New college graduates will face some of the harsh realities of adulthood, including paying taxes, filing their own tax returns and possibly coordinating with their parents to achieve the [...]

Still Have Tax Questions? You’re Not Alone

May 8th, 2025|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Income Tax, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Filing Status, Tax Preparation, tax preparer near me, Tax Refund, Tax Support Documents, Texas CPA, The Burns Firm|Tags: , , , , , , , , , |

Even after your 2024 federal return is submitted, a few nagging questions often remain. Below are quick answers to five of the most common questions we hear each spring. [...]

The “Wash Sale” Rule: Don’t Let Losses Circle the Drain

May 6th, 2025|Categories: Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, The Burns Firm, Wash Sale Rule|Tags: , , , , , , , , |

Stock, mutual fund and ETF prices have bounced around lately. If you make what turns out to be an ill-fated investment in a taxable brokerage firm account, the good [...]

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 [...]

Red Flags That Could Trigger an IRS Audit

April 24th, 2025|Categories: Accountant, Audit, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, IRS, IRS Audit, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, The Burns Firm|Tags: , , , , , , , |

Keeping up with ever-evolving tax laws can be challenging for individuals and small business owners. Because the IRS continuously refines its systems for detecting errors and inconsistencies, it's important [...]

What tax documents can you safely shred? And which ones should you keep?

April 22nd, 2025|Categories: Amended Tax Return, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Filing Status, Income Tax, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Filing Extension, Tax Filing Status, Tax Forms, Tax Preparation, tax preparer near me, Tax Records, Tax Return, Tax Return Filing, Tax Return Preparer, Tax Rules, Taxable Income, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , , , , |

Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file cabinets and delete digital folders. But before reaching for [...]

Do You Qualify for “Head of Household” Tax Filing Status

April 10th, 2025|Categories: Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Filing Status, Head of Household, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Filing Status, Tax Preparation, Tax Return, Tax Return Filing, Tax Return Preparer, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , |

When we prepare your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of household or qualifying widow(er). Only some [...]

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 [...]

Deduct a Loss From Making a Personal Loan to a Relative or Friend

April 3rd, 2025|Categories: Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Loans, Tax, tax accountant, tax accountant near me, Tax Advisor, tax write-offs, Texas CPA, The Burns Firm|Tags: , , , , , , , , |

Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a cash flow problem. You may want to help by [...]

Riding the Tax Break Train: Maximizing Employee Transportation Fringe Benefits

March 20th, 2025|Categories: Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Fringe Benefits, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , |

There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should probably take advantage of them by signing up. Here’s [...]

Dispelling 10 Federal Tax Myths and Misconceptions

March 13th, 2025|Categories: Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: , , , , , , , , |

In the complex world of federal taxes, myths and misconceptions can lead to costly mistakes and missed opportunities — especially for business owners and high-net-worth individuals. Here's a look [...]

Excess Business Loss

March 11th, 2025|Categories: Burns Firm, Business, Business Deductions, Business Losses, C Corporation, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, NOL, Partnership, S Corporation, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , |

If an individual taxpayer has substantial business losses, unfavorable federal income tax rules can potentially come into play. Here’s what you need to know as you assess your 2024 [...]

Go to Top