tax accountant near me – Page 4 – The Burns Firm – Advisors of Complex Financial Matters

Feeling Generous at Year End? Strategies for Donating to Charity or Gifting to Loved Ones

December 2nd, 2021|Categories: Business, Charitable Donations, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Donations, IRS, Partnership, Services, Small Business, Tax, Tax Credits, Tax Cuts, Tax Deductions|Tags: are charitable donations tax deductible, can I deduct donations to charity, CPA Dallas, Dallas CPA, how do I know what donations are deducitble, tax accountant near me, The Burns Firm, what is deductible on my tax return|

As we approach the holidays, many people plan to donate to their favorite charities or give money or assets to their loved ones. Here are the basic tax rules involved [...]

How Fast Can You Write Off a Business Vehicle?

November 9th, 2021|Categories: Accounting, Burns Firm, Business, Business Vehicle, Business Write-offs, C Corporation, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, S Corporation, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, tax write-offs, The Burns Firm|Tags: business write-offs, can I write off business vehicle miles, can I write off miles driven for business, CPA Dallas, cpa near me, Dallas CPA, tax accountant near me, The Burns Firm, write-offs|

The federal income tax rules for depreciating vehicles used for business are complicated. And different rules apply to different categories of vehicles. Special limitations apply to vehicles that are classified as [...]

Many Parents Will Receive Advance Tax Credit Payments Beginning July 15

June 8th, 2021|Categories: Accounting, American Rescue Plan, American Rescue Plan Act, Burns Firm, Child Tax Credit, Covid-19, CPA Dallas, Dallas CPA, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: advance payment due date, advance tax credit payment, can I claim a child on my tax return, child tax credit, child tax credit and my tax return, child tax credit on my tax return, claiming children on tax return, CPA Dallas, Dallas CPA, do I qualify for advance payment for my child, how will I get my advance payment, tax accountant near me, tax preparer near me, tax return, The Burns Firm, what is a qualifying child, when will I get my advance payment for child tax credit, who can prepare my personal tax return|

Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit (CTC) payments, which were created in the American Rescue [...]

Still Have Questions After You File Your Tax Return?

May 20th, 2021|Categories: Accounting, Burns Firm, Business, C Corporation, Dallas CPA, Estimated Tax, Estimated Tax Payments, IRS, IRS Forms, Partnership, Retirement Plan, S Corporation, Small Business, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: CPA Dallas, CPA North Texas, Dallas CPA, filing a tax return, i have a question regarding regarding my already filed tax return, IRS questions, tax accountant, tax accountant near me, tax accountant north dallas, tax accountant north texas, tax credits, tax deductions, tax questions for you, The Burns Firm, we answer tax related questions, who can I ask my questions to regarding my tax return|

Even after your 2020 tax return has been successfully filed with the IRS, you may still have some questions about the return. Here are brief answers to three questions that [...]

Working in the Gig Economy Results in Tax Obligations

May 13th, 2021|Categories: Accounting, Contractor, Dallas CPA, Small Business, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: am i a gig worker, CPA Dallas, cpa near me, Dallas CPA, do I need to pay tax on my gig income, do i pay tax on my tips, gig income, how should I pay my taxes if I am a musician, side gig and taxes, tax accountant near me, tax return preparer near me, The Burns Firm, what are the tax obligations if I am a gig worker, what is a gig worker, what records do i need to keep on my gig income|

Before the COVID-19 pandemic hit, the number of people engaged in the “gig” or sharing economy had been growing, according to several reports. And reductions in working hours during the [...]

Trader Status Offers Significant Tax Benefits

May 4th, 2021|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Deductions, Tax Planning, Tax Return|Tags: CPA, CPA Dallas, cpa near me, Dallas, do I qualify for trader status for tx purposes, mark-to-market election on tax return, securities trader and tax return, tax accountant near me, tax preparer near me, The Burns Firm, trader status, Trader Status Offers Significant Tax Benefits, trading investments|

In January 2021, online day traders trapped institutional short sellers in a short squeeze by buying up shares of the video and computer game retailer GameStop. This episode brought attention to [...]

Need a New Business Vehicle? Consider a Heavy SUV

April 1st, 2021|Categories: Accounting, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Credits, Tax Deductions, Tax Planning|Tags: business depreciation, business vehicle depreciation, can I get a tax break if I buy an SUV for business use, CPA Dallas, cpa near me, CPA North Texas, Dallas CPA, depreciation of assets in my business, depreciation qualifiers, heavy sport utility vehicle for my business, IRS tax cuts, North Dallas tax accountant, tax accountant near me, tax credits, tax preparer near me, The Burns Firm|

Are you considering buying or replacing a vehicle that you’ll use in your business? If you choose a heavy sport utility vehicle (SUV), you may be able to benefit from [...]

Which Start-Up Costs Are Deductible for Federal Tax Purposes?

March 25th, 2021|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax|Tags: are business start-up cost tax deductible, business start-up cost, can I deduct my business start up expense, CPA Dallas, CPA firm near me, Dallas CPA, tax accountant near me, tax preparation for my new business, The Burns Firm|

Many people started businesses in 2020, and many others plan to launch new ventures in 2021. Entrepreneurs often have questions about whether business expenses for a start-up can be deducted in [...]

Did You Make Donations in 2020? There’s Still Time to Get Substantiation

February 25th, 2021|Categories: Accounting, Burns Firm, Charitable Donations, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation|Tags: are donations deductible, can I deduct my contribution to charity, charitable donations, CPA Dallas, Dallas CPA, do I need to itemize to claim donations, do I need to itemize to take deductions for donations, donation to charity, Donations, tax, tax accountant in Dallas, tax accountant near me, tax deductions, tax return preparation, tax return preparer near me, The Burns Firm, what deductions can I use on my tax return, what is deductible|

If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations. But what happens if you haven’t received such a letter [...]

Appropriations Law Adds Some Business Tax Breaks and Extends Others

January 7th, 2021|Categories: Accounting, Burns Firm, Consolidated Appropriations Act of 2021 (CAA), COVID-Related Tax Relief Act (COVIDTRA), PPP, Tax, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA)|Tags: CARES Act loan forgiveness, Consolidated Appropriations Act (CAA), coronavirus relief, covid relief and my tax, covid-19 relief, CPA Dallas, Dallas CPA, my tax return and coronavirus, tax accountant near me, tax relief, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA) and the COVID-Related Tax Relief Act (COVIDTRA).|

President Trump signed the Consolidated Appropriations Act (CAA) into law on December 27, 2020. The legislation adds a few new tax breaks for businesses and extends a bevy of other business [...]

The COVID-19 relief law: What’s in it for you?

January 5th, 2021|Categories: Accounting, Burns Firm, Coronavirus, Covid-19, Law, PPP, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions|Tags: Civud-19 tax relief, Coronavirus and tax, covid-19 and my business tax return, Covid-19 and my tax return, covid-19 and tax, CPA Dallas, Dallas CPA, tax accountant near Dallas, tax accountant near me, tax law, tax savings, The Burns Firm|

The new COVID-19 relief law that was signed on December 27, 2020, contains a multitude of provisions that may affect you. Here are some of the highlights of the Consolidated [...]