Vehicle Expenses – The Burns Firm – Advisors of Complex Financial Matters

Follow Detailed Recordkeeping Rules for Vehicle Expense Deductions

October 15th, 2026|Categories: Accountant, accountant near me, Bookkeeping for Business, Burns Firm, Business Automobile, Business Deductions, Business Expense Deductions, Business Mileage Rate, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm, Vehicle Expenses|Tags: Business Vehicle Expense Deductions, Business Vehicle Expenses, CPA, cpa near me, Dallas CPA, IRS Rules for Tracking Business Miles, Mileage Logs, Recordkeeping for Businesses, tax, tax accountant, tax advisor, Texas CPA|

Many business owners fail to follow the strict tax rules for substantiating vehicle expenses. But if your business is audited, the IRS will most likely ask for mileage logs if [...]

Make the Most of the General Business Credit

July 15th, 2026|Categories: Accountant, accountant near me, Burns Firm, Business, Business Assets, Business Deductions, Business Depreciation, Business Expense Deductions, Business Losses, Business Recordkeeping, Business Travel Deductions, Business Valuation, Business Vehicle, Business Write-offs, CPA, CPA Dallas, Dallas CPA, General Business Credit, QBI, QBI Deduction, Record Keeping for Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Breaks, Tax Credits, Tax Deductions, Tax Depreciation, Tax Preparation, Tax Refund, Tax Return, Tax Rules, Tax Withholding, Tax-Free Merger, Texas CPA, The Burns Firm, Vehicle Deductions, Vehicle Expenses|Tags: Business Advisor, business tax credits, CPA, cpa near me, Dallas CPA, General Business Credit, tax, tax accountant, tax advisor, tax credits for businesses, The Burns Firm, What is the General Business Credit|

Tax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business's taxable income, a credit reduces the business's tax liability dollar for dollar. Tax [...]

Are You Eligible for Mileage Deductions?

April 2nd, 2026|Categories: Accountant, accountant near me, Burns Firm, Business Deductions, Business Mileage Rate, Business Vehicle, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Deductions, Mileage Deductions, OBBBA, One Big Beautiful Bill Act, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, tax write-offs, Texas CPA, The Burns Firm, Vehicle Deductions, Vehicle Expenses|Tags: CPA, cpa near me, Dallas CPA, Mileage Deduction Rates, Mileage Deductions, OBBBA, tax, tax advisor, tax deductions, The Burns Firm, Vehicle-related Expenses, What is Eligible for Mileage Deductions|

Whether you’re filing your 2025 individual income tax return or planning for 2026, it’s important to know if you can deduct vehicle-related expenses. A change that was made permanent by [...]

You Don’t Have to be in Business to Deduct Certain Vehicle Expenses

October 31st, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Services, Tax, tax accountant, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm, Vehicle Deductions, Vehicle Expenses|Tags: cpa near me, Dallas CPA, tax, tax advisor, tax deductions, tax return deductions, Texas CPA, The Burns Fir, Vehicle Deductions, Vehicle Expenses|

When you think about tax deductions for vehicle-related expenses, business driving may come to mind. However, businesses aren’t the only taxpayers that can deduct driving expenses on their returns. [...]