Bookkeeping for Business – The Burns Firm – Advisors of Complex Financial Matters

From Flights to Meals: A Guide to Business Travel Tax Deductions

November 20th, 2024|Categories: Accountant, accountant near me, Bookkeeping for Business, Burns Firm, Business Deductions, Business Expense Deductions, Business Travel Deductions, Business Write-offs, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Expenses, Record Keeping for Business, Recordkeeping for Travel Expense, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm, Travel Expense, Travel Write-offs for Business|Tags: Business Expense for Travel, Business Travel, CPA, CPA Dallas, cpa near me, deductions, Deductions for Business Travel, Record-Keeping for Business Travel, tax, tax advisor, Texas CPA, The Burns Firm|

As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel expenses are tax deductible can significantly affect [...]

Cash or accrual accounting: What’s best for tax purposes?

September 10th, 2024|Categories: Accountant, accountant near me, Accounting Methods, Accrual Accounting Method, Bookkeeping for Business, Burns Firm, Business, Cash Accounting Method, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tx accountant, Self-employed, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: accounting methods, Accrual Accounting Methods, Best Accounting Method for My Business, Can My Business Switch Accounting Methods, Cash Accounting, Cash vs Accrual, CPA, cpa near me, Dallas CPA, tax advisor, Texas CPA, The Burns Firm|

Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those that [...]

Pay Attention to the Tax Rules If You Turn a Hobby Into a Business

May 21st, 2024|Categories: Accountant, Accounting, Bookkeeping for Business, Burns Firm, Business, CPA, CPA Dallas, CPA near me, CPA Texas, Hobby, Hobby Loss Rules, Record Keeping for Business, Tax, tax accountant near me, Tax Advisor, The Burns Firm|Tags: cpa near me, Dallas CPA, hobby, Hobby Tax Rules, How to avoid the hobby loss rule, tax, tax advisor, Texas CPA, The Burns Firm, Turning A Hobby Into a Business, What is considered a Hobby?|

Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open a charter fishing business. Or maybe you’d like to [...]