C corp – The Burns Firm – Advisors of Complex Financial Matters

5 Common Business Entities and Their Tax Implications

June 12th, 2025|Categories: Accountant, accountant near me, Burns Firm, C Corporation, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, LLC, Partnership, Sole Proprietor, Tax, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: Business Entities and Their Tax Implications, Business Entity Options, C corp, CPA, CPA Dallas, cpa near me, LLC, Partnership, S Corp, Sole Proprietor, tax, tax accountant near me, tax advisor, Texas CPA, The Burns Firm|

Choosing the right business entity is one of the most important decisions entrepreneurs make when launching or restructuring a business. The type of entity selected affects how the business [...]

2018 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

September 13th, 2018|Categories: Accounting, Burns Firm, C Corporation, Services, Tax, Tax Preparation, Tax Return|Tags: 2017 tax filing deadline for extensions, C corp, C Corporation, FICA taxes, IRS, Q4 tax deadlines, tax, tax filing, The Burns Firm|

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may [...]

Watch Out for Unfavorable ‘Related Party’ Rules

August 9th, 2018|Categories: Accounting, Burns Firm, Business, Tax, Tax Deductions, Tax Planning, TCJA|Tags: 'related party' rules, business, business assets, C corp, Denis Burns, owner interest, Sell a business, Selling, The Burns Firm|

Beware of the tricky "related party" tax rules if you are considering buying or selling business assets or an ownership interest (corporate stock or a partnership or LLC interest).The Internal [...]

Close-up n the New QBI Deduction’s Wage Limit

July 31st, 2018|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Return, TCJA|Tags: 2018 tax planning, Accounting, business, C corp, Close-up n the New QBI Deduction’s Wage Limit, deductions, IRS, New QBI Deductions, Planning, QBI, QBI wage limits, tax, Tax planning, tax return, The Burns Firm|

The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The [...]

How Accountable is Your Business?

June 12th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax, TCJA|Tags: 2018 tax planning, accountable, accountable plan, accountableplan, Accounting, business-related expenses, business-relatedexpenses, C corp, car, deductions, Employees, exemptions, expense, IRS, payroll, payroll tax, payroll withholding, payrolltax, payrollwithholding, Planning, tax, Tax planning, TCJA, The Burns Firm|

Get started on 2018 tax planning now!

May 8th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Merger & Acquisition, Partnership, Retirement Plan, S Corporation, Selling a Business, Services, Tax, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: 2018 tax planning, Accounting, business, C corp, Denis Burns, expense, IRS, Planning, Retirement, tax, Tax planning, tax return, TCJA, The Burns Firm|

With the April 17 individual income tax filing deadline behind you (or with your 2017 tax return on the back burner if you filed for an extension), you may be [...]

2018 Q2 Tax Calendar: Key Deadlines for Businesses and other Employers

March 29th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Services, Tax, Tax Deductions, Tax Preparation, Tax Return|Tags: Accounting, C corp, deadline, deductions, Form 1040, tax, tax preparation, tax return, The Burns Firm|

Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may [...]

Leasing Property to Your C Corp

March 20th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Merger & Acquisition, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: Accounting, Assets, business, C corp, C Corporation, deductions, Leasing property to C corp, Loan, Property, tax, tax preparation, tax return, The Burns Firm|

It's generally not a good idea for a closely held C corporation to own assets with high appreciation potential. A classic example is real estate. If your corporation owns property, [...]