Sec. 179 limitations

Favorable Business Depreciation Tax Changes Under New Law

August 26th, 2025|Categories: Bonus Depreciation, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Excess Business Loss Rule, Sec. 179, Services, Tax, tax accountant, Tax Advisor, Tax Depreciation, Texas CPA, The Burns Firm|Tags: 100% First-Year Bonus Depreciation, Business Depreciation Tax Changes, cpa near me, CPA TExas, Dallas CPA, Excess Business Loss Rule, sec 179, Sec. 179 limitations, tax, tax advisor, The Burns Firm|

There's good news for businesses considering buying equipment and other capital assets: The One Big Beautiful Bill Act (OBBBA) dramatically improves first-year depreciation tax breaks. Here's what you need [...]

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 [...]