Bonus depreciation – The Burns Firm – Advisors of Complex Financial Matters

Cost Segregation Studies Can Reveal Substantial Tax Savings

May 14th, 2026|Categories: Accountant, accountant near me, Beautiful Bill, Bonus Depreciation, Burns Firm, Business, Cost Segregation, CPA, CPA Dallas, CPA near me, Dallas CPA, Depreciating Business Assets, OBBBA, One Big Beautiful Bill Act, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Depreciation, Texas CPA, The Burns Firm|Tags: B, Bonus depreciation, cost segregation, Cost Segregation Studies, CPA, CPA Dallas, cpa near me, Depreciating Assets, OBBBA, One Big Beautiful Bill Act, Sec. 179 Expensing, tax, tax accountant, tax advisor, tax savings, Texas CPA, The Burns Firm|

Businesses that own commercial real property may be sitting on an overlooked treasure chest of tax savings — and a cost segregation study can be the key to unlocking [...]

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. [...]

Take Advantage of Tax Breaks for Small Businesses

March 8th, 2022|Categories: Accounting, Burns Firm, Business, CPA, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, QBI, Services, Small Business, Tax, Tax Deductions, Tax Preparation, Tax Return, TCJA|Tags: 2022 tax breaks for business, Bonus depreciation, CPA Dallas, Dallas CPA, QBI deduction, Sec 179 depreciation deduction, Sec. 179 deductions, Sec. 179 limitations, tax, tax breaks for small businesses, tax preparer for business, The Burns Firm|

If you own a small or medium-sized business, it may be eligible for some significant tax breaks that aren't available for larger entities. Here are three examples to consider as you [...]

Small Businesses: Cash In On Depreciation Tax Savers

December 17th, 2020|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Planning|Tags: accounting firm in Dallas, Bonus depreciation, cash in on depreciation, CPA firm in Dallas, Dallas CPA, sec 179, small business depreciation, tax credits, tax firm in Dallas, tax firm in North Texas, tax firm near me, Tax planning, tax preparation, TCJA, The Burns Firm, who qualifies for Sec 179|

As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other depreciable property. If so, you [...]

The TCJA temporarily expands bonus depreciation

January 4th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Exemptions, Law, Partnership, S Corporation, Sell Business, Selling a Business, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: Accounting, Assets, Bonus depreciation, deductions, Denis Burns, dependents, exemptions, IRA, IRS, qualified plan, tax, tax credits, tax preparation, tax return, The Burns Firm|

The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily — is bonus depreciation. While most [...]