S Corp

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 [...]

Year-End Review of S Corp Compensation: Stay on the Right Side of the IRS

December 5th, 2023|Categories: Accountant, Accounting, Burns Firm, Business, CPA, CPA Dallas, CPA near me, Dallas CPA, S Corp Compensation, S Corporation, Shareholder Compensation, Tax, Tax Advisor, Tax Planning, The Burns Firm, Year-End Tax Planning|Tags: Reasonable Compensation Requirements, S Corp, S Corp Compensation, tax, tax advisor, Tax Planning for S corp, The Burns Firm, Year-End Planing|

With 2024 right around the corner, your shareholders might be thinking about year-end bonuses or distributions. Before doing so, it's important to review the potential tax implications and requirements. Distributions vs. [...]