retirement plan contributions – The Burns Firm – Advisors of Complex Financial Matters

6 Last-minute Tax Tips for Businesses

December 4th, 2025|Categories: Accountant, accountant near me, Burns Firm, Business, Business Deductions, Business Expense Deductions, CPA, CPA Dallas, CPA near me, Dallas CPA, Retirement, Retirement Plan, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Planning, Tax Planning for Businesses, The Burns Firm, Year-End Tax Planning|Tags: Business Tax Tips, Buy Equipment, CPA, cpa near me, Dallas CPA, IRA, Prepay Expenses, QBI, retirement plan contributions, tax, tax advisor, Tax planning, Tax Tips for Businesses, Texas CPA, The Burns Firm|

Year-round tax planning generally produces the best results, but there are some steps you can still take in December to lower your 2025 taxes. Here are six to consider: [...]

Deductions for Self-Employed

June 3rd, 2021|Categories: Accounting, Burns Firm, Business, Services, Small Business, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation|Tags: are business meals deductible, can i deduct miles driven for business, CPA Dallas, cpa near me, Dallas CPA, do I have to pay self-employment tax, health insurance deduction on tax return, home office deductions, how much is self-employment tax, is business travel deductible, retirement plan contributions, tax, tax credits for self-employed, tax deductions, tax deductions for self-employed, tax preparer near me, The Burns Firm, what can I deduct on my return for my business, what credits can I take on my tax return if I am self-empolyed|

If your business was forced to close due to the pandemic, you may be itching to get back in the game. Or maybe you're looking to fulfill a lifelong dream of [...]

Catch-up Retirement Plan Contributions Can Be Particularly Advantageous Post-TCJA

November 29th, 2018|Categories: Accounting, Burns Firm, Business, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: contributing to 401K, CPA, pretax contribution, reetirement plan, retirement plan contributions, SIMPLE, tax, Tax planning, taxable income, TCJA, The Burns Firm|

Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your 401(k) plan or Savings Incentive Match Plan for Employees (SIMPLE) [...]