Texas CPA

Tax Credit Cuts Price of Home Energy Audits

June 11th, 2024|Categories: Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Energy-Efficient Improvements, Home Energy Audit, Tax, tax accountant, Tax Advisor, Tax Credits, Tax Depreciation, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , |

Homeowners have long been rewarded with favorable tax treatment for making energy-efficient improvements. The Inflation Reduction Act, enacted in 2022, expands the tax credit for qualified energy-efficient improvements to help [...]

Smart Tax Planning Pays Off

June 5th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Services, Tax, tax accountant, Tax Advisor, Tax Planning, Texas CPA, The Burns Firm, Withholding, Year-End Tax Planning|Tags: , , , , , , |

If you're financially successful or expect to become so, taxes are or will become one of your biggest expenses — and most people want to minimize their tax obligations. Roughly [...]

Close-Up on Pass-Through Entity Tax Laws

June 4th, 2024|Categories: Accountant, accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Pass_Through Entity Tax, Services, Tax, tax accountant, Tax Advisor, Tax Law, Texas CPA, The Burns Firm|Tags: , , , , , , , |

At the start of 2024, three dozen states and New York City already had pass-through entity taxes (PTETs) on their books, with legislation pending in three other states. These types [...]

The Tax Advantages of Including Debt in a C Corporation Capital Structure

May 23rd, 2024|Categories: Accountant, Burns Firm, Business, C Corporation, CPA, CPA Dallas, CPA near me, CPA Texas, CPADallas, Dallas CPA, Debt, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, TCJA, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , |

Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation that needs more capital. You should know that the [...]

Ready, Set, Retire

May 7th, 2024|Categories: 401K, Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, IRA, Retirement, Retirement Plan, Tax, tax accountant, tax accountant near me, Tax Advisor, Taxable Income, Texas CPA, The Burns Firm|Tags: , , , , , , , |

Have you given any thought to your retirement? Even if you don't expect to retire anytime soon, the earlier you start planning how you'll transition from work to retirement, the [...]

Watch out for “income in respect of a decedent” issues when receiving an inheritance

April 30th, 2024|Categories: Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, CPADallas, Dallas CPA, Income in Respect of a Decedent, Inheritance, IRD, Tax, Tax Advisor, Texas CPA, The Burns Firm|Tags: , , , , , , , , , |

Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too good to be true. [...]

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