Tax Planning for Businesses – The Burns Firm – Advisors of Complex Financial Matters

Consider an Installment Sale to Optimize Taxes When Selling Your Business

October 1st, 2026|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, Business Tax Planning, Business Valuation, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Installment Sale, M&A, Merger & Acquisition, Sale of Business, Sell Business, Selling a Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Planning for Businesses, Texas CPA, The Burns Firm|Tags: CPA, cpa near me, Dallas CPA, Installment Sale of Business, M&A, M&A CPA, sale of business, Selling a business, tax, tax advisor, Tax Advisor for M&A, Tax Advisor for Sale of Business, Taxes on Selling a Business, Texas CPA, The Burns Firm|

Over the years, you’ve invested blood, sweat and tears into building a successful small business. Now it’s time to sell and move on to the next chapter of your life. [...]

Evaluate the Effects of Selling a Subsidiary or Division

September 29th, 2026|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, Business Asset Sale, CPA, CPA Dallas, CPA near me, Dallas CPA, Sale of Business, Sell Business, Selling a Business, Selling a Division of a Business, Selling a Subsidiary, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Planning, Tax Planning for Businesses, Tax Strategy, Texas CPA, The Burns Firm|Tags: cpa near me, Dallas CPA, Intellectual Property, M&A, M&A CPA, Parent Comany, Selling a business, Selling a Division of a Business, Selling a Subsidiary of a Business, tax, tax advisor, Texas CPA, The Burns Firm|

During the best and worst of times, your company may be tempted to sell a division or subsidiary. This can make sense for a number of reasons, including: The [...]

Divorce Cases: Active versus Passive Appreciation

September 1st, 2026|Categories: Accountant, accountant near me, Active vs Passive Appreciation, Burns Firm, Business, Business Tax Planning, Business Valuation, CPA, CPA Dallas, CPA near me, Dallas CPA, Divorce, Divorce CPA, passive activity rule, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Breaks, Tax Credits, Tax Deductions, Tax Depreciation, Tax Planning, Tax Planning for Businesses, Texas CPA, The Burns Firm|Tags: Active vs Passive Appreciation, CPA, cpa near me, Dallas CPA, divorce, Divorce and Your Business, tax, tax accountant, tax advisor, Texas CPA, The Burns Firm|

It's common in divorce cases for an interest in a closely held business or professional practice to be the marital estate's most valuable asset. In many states, when the [...]

Selecting a Tax Accounting Method for Your Small Business

July 21st, 2026|Categories: Accountant, accountant near me, Accounting, Accounting Methods, Accrual Accounting Method, Burns Firm, Business, Business Recordkeeping, Cash Accounting Method, Cash vs Accual, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Small Business, Small Business Tax Planning, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Planning for Businesses, Texas CPA, The Burns Firm|Tags: accountant near me, Accounting Method for Small Business, accounting methods, CPA, cpa near me, Dallas CPA, North Texas CPA, small business, tax, tax accountant, tax accountant near me, tax advisor, Texas CPA, The Burns Firm|

Small business owners must answer an important question: Should we use the cash or accrual accounting method for federal income tax purposes? Larger entities are required to use the [...]

Midyear Tax Planning for Noncorporate Small Business Owners

June 23rd, 2026|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, Business Tax Planning, CPA, CPA Dallas, CPA near me, Dallas CPA, OBBBA, One Big Beautiful Bill 2025, One Big Beautiful Bill Act, QBI, QBI Deduction, Small Business, Small Business Tax Planning, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Planning, Tax Planning for Businesses, Tax Strategy, Texas CPA, The Burns Firm, Year-End Tax Planning|Tags: business tax planning, CPA, cpa near me, Dallas CPA, QBI deduction, small business tax planning, tax, tax accountant, tax advisor, Tax planning, tax planning for business, Texas CPA, The Burns Firm|

If you operate your small business as a sole proprietorship or a single-member limited liability company (LLC) treated as a sole proprietorship for tax purposes, paying close attention to [...]

Tax Mitigation Strategies When Rebalancing Your Investment Portfolio

May 7th, 2026|Categories: Accountant, accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Investment Portfolio, Investments, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Planning, Tax Planning for Businesses, Tax Strategy, Texas CPA, The Burns Firm|Tags: CPA, cpa near me, Dallas CPA, investment portfolio, tax, tax advisor, Tax Mitigation Strategy, Tax Strategies, Texas CPA, The Burns Firm|

Large stock market gains in recent years, coupled with some significant volatility in 2026, have left many investors with portfolios that are out of balance with their desired asset [...]

6 Last-minute Tax Tips for Businesses

December 4th, 2025|Categories: Accountant, accountant near me, Burns Firm, Business, Business Deductions, Business Expense Deductions, CPA, CPA Dallas, CPA near me, Dallas CPA, Retirement, Retirement Plan, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Planning, Tax Planning for Businesses, The Burns Firm, Year-End Tax Planning|Tags: Business Tax Tips, Buy Equipment, CPA, cpa near me, Dallas CPA, IRA, Prepay Expenses, QBI, retirement plan contributions, tax, tax advisor, Tax planning, Tax Tips for Businesses, Texas CPA, The Burns Firm|

Year-round tax planning generally produces the best results, but there are some steps you can still take in December to lower your 2025 taxes. Here are six to consider: [...]