Tax Law Changes – The Burns Firm – Advisors of Complex Financial Matters

More Individuals With Disabilities Will Be Eligible for Tax-Advantaged ABLE Accounts in 2026

January 13th, 2026|Categories: ABLE, Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Disability Act, OBBBA, One Big Beautiful Bill Act, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Law, Tax Law Changes, Texas CPA, The Burns Firm|Tags: ABLE, accountant near me, Achieving a Better Life Experience, CPA, CPA Dallas, cpa near me, Disability Act, OBBBA, tax, tax advisor, Tax Laws, Texas CPA, The Burns Firm, Who Qualifies Under ABLE|

Did you know there’s a tax-advantaged way to save for the expenses of a person with a disability that’s similar to saving for college expenses with a Section 529 [...]

Important 2026 Tax Figures for Businesses

January 6th, 2026|Categories: 401K, Accountant, accountant near me, Bonus Depreciation, Burns Firm, Business, Business Deductions, CPA, CPA Dallas, CPA near me, Dallas CPA, Depreciation, Retirement Plan, Roth 401K, Sec. 179, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Breaks, Tax Law Changes, Tax Rules, Texas CPA, The Burns Firm, Traditional IRA|Tags: 401K, accountant near me, Bonus depreciation, CPA, CPA Dallas, cpa near me, Dallas CPA, FSA, HSA, Important Tax Figures for Businesses in 2026, Qualified Retirement Plans, Section 179, tax, tax accountant near me, tax advisor, Texas CPA, The Burns Firm|

A new year brings many new tax-related figures for businesses. Here’s an overview of key figures for 2026. Be aware that exceptions or additional rules or limits may apply. [...]

Will Your AMT Exposure Change Under the New Tax Rules?

November 18th, 2025|Categories: Accountant, accountant near me, AMT, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, OBBBA, One Big Beautiful Bill Act, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Law, Tax Law Changes, TCJA, Texas CPA, The Burns Firm|Tags: AMT, AMT Exemptions, AMT Rates, CPA, cpa near me, Dallas CPA, OBBBA, OBBBA Changes to AMT Exemption in 2026, One Big Beautiful Bill Act, tax, tax advisor, Texas CPA, Will AMT Change with OBBBA|

Significantly fewer taxpayers have owed the alternative minimum tax (AMT) for the last several years. This is because the Tax Cuts and Jobs Act (TCJA) made the individual AMT [...]

Small Business Tax Planning Tips

September 9th, 2025|Categories: Accountant, accountant near me, Burns Firm, Business, Business Deductions, Business Expense Deductions, Business Losses, Business Write-offs, Clean Vehicle Tax Credits, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, New for 2025, OBBBA, One Big Beautiful Bill 2025, One Big Beautiful Bill Act, QBI, Services, Small Business, Tax, tax accountant, Tax Advisor, Tax Breaks, Tax Credits, Tax Deductions, Tax Depreciation, Tax Law, Tax Law Changes, Tax Planning, Texas CPA, The Burns Firm|Tags: 179 Expensing Election, Bonus Depreciation Deduction, business deductions, cpa near me, Dallas CPA, OBBBA, QBI deduction, small business, small business tax planning, tax, tax advisor, Tax planning, Texas CPA, The Burns Firm|

The One Big Beautiful Bill Act (OBBBA), which became law on July 4, 2025, includes many favorable changes that will help small businesses and their owners. But it's not [...]

The New Law Includes Favorable Changes for Depreciating Eligible Assets

July 29th, 2025|Categories: Accountant, Assets, Burns Firm, Business, Business Assets, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Depreciating Business Assets, OBBBA, One Big Beautiful Bill Act, Small Business, Tax, Tax Advisor, Tax Law, Tax Law Changes, Texas CPA, The Burns Firm|Tags: 2025 Tax Law, cpa near me, Dallas CPA, Depreciating Business Assets, New Tax Laws 2025, OBBBA, One Big Beautiful Bill Act, small business, Small Business Taxpayer, tax, tax advisor, tax law, The Burns Firm|

The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and best changes are liberalized rules for [...]

What Might Be Ahead As Many Tax Provisions Are Scheduled To Expire?

July 16th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Tax, tax accountant, Tax Advisor, Tax Law, Tax Law Changes, Tax Planning, Tax Provisions, Tax Rules, TCJA, Texas CPA, The Burns Firm|Tags: Changes in Tax Provisions, CPA, cpa near me, Dallas CPA, tax, tax advisor, Tax Changes for 2026, TCJA, Texas CPA, The Burns Firm|

Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections. Our current situation The Tax Cuts and [...]