Buying a Business – The Burns Firm – Advisors of Complex Financial Matters

Tax Issues When Buying a Business With an Earnout

November 12th, 2024|Categories: Accountant, Burns Firm, Business Valuation, Buying a Business, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Earnouts, Selling a Business, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: Buying a business, Buying a Business With an Earnout, CPA, cpa near me, Dallas CPA, Selling a business, tax, tax advisor, Texas CPA, The Burns Firm, The Burns Firm M&A Advisors|

If you're buying or selling a business, the transaction may involve an earnout provision. This is a contractual arrangement in which the seller receives additional payment in the future if [...]

Watch Out for Unfavorable ‘Related Party’ Rules

July 11th, 2024|Categories: Accountant, Burns Firm, Business, Buying a Business, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Related Party Rules, Sell Business, Selling a Business, Services, Small Business, Tax, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: Buying Business Assets, Buying or Selling Business Assets, CPA Dallas, cpa near me, North Texas CPA, Ownership Interest, Related Party Tax Rules, Selling Business Assets, tax, tax advisor, Texas CPA, The Burns Firm|

Beware of the tricky "related party" tax rules if you are considering buying or selling business assets or an ownership interest (corporate stock or a partnership or LLC interest).The Internal Revenue [...]

Installment Sales Can Be a Win-Win for Buyers and Sellers

March 21st, 2024|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, Buying a Business, Capital Gain, Capital Gains Tax, CPA, CPA Dallas, CPA near me, Dallas CPA, Installment Sale, M&A, Merger & Acquisition, Sell Business, Selling a Business, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Basis, Tax Planning, The Burns Firm|Tags: Acquisition, Buyer side, CPA Dallas, cpa near me, Installment Sale, Installment Sale Gains, M&A, M&A CPA, Selling of Business, tax advisor, The Burns Firm, The Burns Firm M&A Advisors|

For federal income tax purposes, an installment sale is when at least one payment of proceeds from an eligible sale is deferred until after the end of the tax year [...]

Planning a Graceful and Profitable Exit from Your Small Business

October 31st, 2023|Categories: Accountant, Accounting, Burns Firm, Business, Business Valuation, Buying a Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Due Diligence, M&A, Sell Business, Selling a Business, Services, Small Business, Tax, tax accountant, Tax Advisor, The Burns Firm|Tags: business valuation, M&A, Planning An Exit from Your Small Business, Planning to sell a business, Selling a business, Selling a Small Business, small business, tax, tax advisor, Tax Implications of Selling a Business, The Burns Firm|

At some point, every business owner leaves the company, either voluntarily through retirement or otherwise. Some businesses will outlive their founders. Others can't survive without the continued involvement of a [...]

Operating a “Sale Ready” Business

September 28th, 2023|Categories: Accountant, Buying a Business, CPA, CPA Dallas, CPA near me, Dallas CPA, M&A, Merger & Acquisition, Sell Business, Selling a Business, Services, Tax, tax accountant, Tax Advisor, The Burns Firm|Tags: M&A, Sale Ready Business, tax, tax advisor, The Burns Firm|

Smart business owners always operate as if they're planning to sell — because they never know when someone will come along with an irresistible offer or when tragedy might [...]

Be Sure Your Due Diligence Is Thorough

August 10th, 2023|Categories: Accountant, Accounting, Burns Firm, Business, Business Deductions, Business Write-offs, Buying a Business, Countdown to Transition, CPA, CPA Dallas, CPA near me, CPADallas, Dallas CPA, Deductions, Due Diligence, M&A, Merger & Acquisition, Sell Business, Selling a Business, Services, Tax Advisor, The Burns Firm|Tags: Buying a Business Due Diligence, due diligence, M&A, mergers & acquisitions, Selling a business, tax advisor, The Burns Firm|

Comprehensive due diligence is essential if your business plans to acquire or merge with another organization. Without one, complicated implications could arise with the potential to significantly affect the profits [...]

M&A Reminder: Earnouts Bring Critical Tax Considerations

July 5th, 2023|Categories: Accountant, Accounting, Burns Firm, Business, Buying a Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Due Diligence, Earnouts, M&A, Merger & Acquisition, Sell Business, Selling a Business, Services, Small Business, Tax, Tax Advisor, Tax Basis, Tax Planning, The Burns Firm|Tags: Compensation vs Purchase Price in an acquisition, Earnouts, Earnouts bring critical tax considerations, Earnouts in a M&A deal, How should I structure an M&A transaction, M&A, mergers & acquisitions, tax, tax advisor, Tax Treatment in a Merger or Acquisition, The Burns Firm|

Merger and acquisition (M&A) activity is widely expected to pick up this year, after a lull in 2022. Amid economic uncertainty, earnouts are likely to play a big role in [...]

Estimating the Value of Your Business Today

June 8th, 2023|Categories: Accountant, Burns Firm, Business, Buying a Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Due Diligence, Merger & Acquisition, Sell Business, Selling a Business, Services, Tax, Tax Advisor, Tax Planning, The Burns Firm|Tags: Are You Ready to Sell Your Business?, business for sale, business valuation, Business Valuation near me, CPA, CPA Dallas, cpa near me, Dallas CPA, How to Determine the Value of My Business, How to value my business, Maximize Price of Business for Sale, selling my business, The Burns Firm, Value of my Business|

Proactive business owners always have an eye on the future. And part of that preparedness means knowing what the company is currently worth and doing everything possible to maximize that [...]

Thinking about Selling Your Business? Add Value Now

June 6th, 2023|Categories: Accountant, Burns Firm, Business Valuation, Buying a Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Due Diligence, M&A, Merger & Acquisition, Sell Business, Selling a Business, Services, Small Business, Tax, Tax Advisor, Tax Planning, The Burns Firm|Tags: Add Value Now If You Plan to Sell Your Business, business for sale, Control Expenses if You Plan to Sell Your Business, CPA, CPA Dallas, cpa near me, how do I sell my business, How to determine value of my business, How to Drive Cash Flow and Revenue, i want to sell my business, Is Your Business Ready for Sell, M&A, Maximize Value When Selling Business, merger & acquisition, Selling a business, tax advisor, The Burns Firm, Value of my Business|

Business succession and exit planning should ideally be done over a long period of time (unless illness or another emergency makes it necessary to address them in the short term). [...]

Communication Is Critical During Mergers and Acquisitions

October 13th, 2022|Categories: Accounting, Burns Firm, Business, Buying a Business, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Growing A Business, Merger & Acquisition, Sell Business, Selling a Business, Services, Small Business, Tax, Tax Credits|Tags: Allison Shike, communication key in a M&A dea, CPA Dallas, Dallas CPA, Denis Burns, due diligence, how do I buy a business, M&A, M&A firm near me, merger and aquisitions, mergers & acquisitions, The Burns Firm, The Burns Firm M&A Advisors, what do I share with employees if I am selling my business|

Want to enter a market quickly, expand market share, or acquire an established brand? The first phrase that comes to mind is mergers & acquisitions. That can be a quick [...]

Be a Hands-On Owner to Maximize Profits

October 6th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, Business Write-offs, Buying a Business, CPA, CPA Dallas, CPA near me, CPA neasr 75248, CPA75248, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Growing A Business, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Preparation, tax preparer near me, Tax Return, The Burns Firm|Tags: be a hands-on owner, CPA 75248, CPA Dallas, cpa near me, Dallas CPA, guidelines for owning a business, how can a business owner maximize profit, owning a business, tax preparation, tax preparer near me, tips for owning a business, what do I need to know about owning a business|

Over the years, McDonald's has been able to sell hundreds of billions of hamburgers. The business started with a single drive-in burger stand started by two brothers in Southern California. [...]

Due Diligence Checklist for Sellers

September 29th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, Buying a Business, C Corporation, Corporation, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Due Diligence, LLC, M&A, Merger & Acquisition, Partnership, Sell Business, Selling a Business, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Deductions, The Burns Firm|

When it comes to due diligence procedures, much attention is focused on those who want to buy a business. But sellers must also conduct due diligence investigations and it's important [...]

Using a Noncompete Agreement When Buying a Business

May 17th, 2022|Categories: Accountant, Accounting, Burns Firm, Business, Buying a Business, CPA, CPA Dallas, Dallas CPA, Dallas tx accountant, Due Diligence, M&A, Merger & Acquisition, Sell Business, Selling a Business, Services, Small Business, Tax, The Burns Firm|Tags: asset purchases, buy a business, Buying a business, CPA Dallas, Dallas buying and selling, Dallas CPA, Dallas m&A, due diligence when buying a business, i want to buy a business, i want to sell my business, M&A expert, noncompete agreement when buying a business, sell your business, Selling a business, stock purchase treated as asset purchase, stock purchases, The Burns Firm, who can help me sell my business|

Noncompete agreements are commonly included in business purchase transactions to prevent the seller from competing against the buyer for the term of the noncompete agreement. These arrangements are also sometimes called [...]

Due Diligence Considerations

February 8th, 2022|Categories: Accounting, Burns Firm, Business, Buying a Business, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Due Diligence, M&A, Merger & Acquisition, Sell Business, Selling a Business, Services, Small Business, The Burns Firm|Tags: Buying a business, due diligence, due diligence when buying or selling a business, M&A due diligence, merger & acquisition due diligence, sale of business due diligence, Selling a business, The Burns Firm, The Burns Firm M&A Advisors|

Buyers of businesses generally prefer to arrange for an asset purchase transaction, instead of purchasing an ownership interest in the target business entity. Why? The primary reason is to avoid exposure to liabilities — both [...]

Buyer’s Side Due Diligence Checklist

December 9th, 2021|Categories: Accounting, Burns Firm, Business, Buying a Business, CPA Dallas, Dallas CPA, Dallas tax return preparer, Due Diligence, Growing A Business, Merger & Acquisition, Services, Small Business, The Burns Firm|Tags: Buying a business, CPA Dallas, due diligence, I need help in buying a business, is due diligence important if I am buying a business, M&A advisor, tax The Burns Firm, The Burns Firm M&A Advisors, what are the due diligence steps when buying a business|

The process of due diligence can be extremely complex in merger-and-acquisition transactions. The information uncovered can make or break a deal. If your business is considering a purchase and is only [...]