qualified business income – The Burns Firm – Advisors of Complex Financial Matters

The QBI Deduction and What’s New in the One Big Beautiful Bill Act

October 14th, 2025|Categories: Accountant, accountant near me, Burns Firm, Business, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, OBBBA, One Big Beautiful Bill 2025, One Big Beautiful Bill Act, QBI, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: CPA, CPA Dallas, cpa near me, CPA TExas, OBBBA, One Big Beautiful Bill, QBI deduction, qualified business income, tax, tax advisor, The Burns Firm|

The qualified business income (QBI) deduction, which became effective in 2018, is a significant tax benefit for many business owners. It allows eligible taxpayers to deduct up to 20% [...]

Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify?

December 28th, 2022|Categories: Accountant, Accounting, Burns Firm, Business, CPA, CPA Dallas, Dallas CPA, QBI, Services, Small Business, Tax, Tax Advisor, Tax Planning, The Burns Firm, Year-End Tax Planning|Tags: Business Owner and QBI, QBI, QBI deduction, qualified business income, tax, The Burns Firm, year end tax planning|

If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or [...]

How to Maximize the QBI Deduction Amid the Pandemic

March 10th, 2022|Categories: Accountant, Accounting, Burns Firm, Business, C Corporation, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Partnership, QBI, S Corporation, Services, Small Business, Tax, Tax Credits, Tax Deductions, Tax Preparation, The Burns Firm|Tags: can I take a QBI deduction, CPA Dallas, Dallas CPA, how do i know if i have qualified business income, QBI, QBI deduction, qualified business income, tax, tax deductions, The Burns Firm, what is a QBI deduction, what is a specified service trade or business, what is a SSTB|

Since the qualified business income (QBI) deduction first become available in 2018, things have changed dramatically, mainly due to the various effects of the COVID-19 pandemic. Possible tax rate increases, and [...]