Corporation – The Burns Firm – Advisors of Complex Financial Matters

Consider Borrowing From Your Corporation But Structure the Deal Carefully

July 23rd, 2024|Categories: Accountant, Burns Firm, Business, C Corporation, Corporation, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Services, Tax, Tax Advisor, Texas CPA, The Burns Firm|Tags: Borrowing From Your Corporation, CPA, cpa near me, Dallas CPA, Interest Rates When Borrowing from our Corporation, tax, tax advisor, Texas CPA, The Burns Firm|

If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. But it’s important to [...]

Figuring Corporate Estimated Tax

June 20th, 2024|Categories: Accountant, Burns Firm, Corporate Estimated Tax Payments, Corporation, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Estimated Tax, Estimated Tax Payments, Tax, tax accountant, Tax Advisor, Tax Planning, Texas CPA, The Burns Firm|Tags: Corporate Estimated Tax Payments, CPA, cpa near me, Dallas CPA, estimated tax payments, Quarterly Tax Payments, tax, tax advisor, Tax Payments, Texas CPA, The Burns Firm|

The next quarterly estimated tax payment deadline is June 17 for individuals and businesses, so it’s a good time to review the rules for computing corporate federal estimated payments. You [...]

Update on Deducting Business Meal and Entertainment Expenses

March 23rd, 2023|Categories: Accountant, Accounting, Business, Business Deductions, Business Write-offs, Corporation, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Expenses, Fringe Benefits, Meals & Entertainment Deductions, Partnership, S Corporation, Services, Small Business, Tax, tax accountant, Tax Advisor, Tax Return, tax season tips, TCJA, The Burns Firm|Tags: are business meals deductible, business deductions, Business Meals, CPA Dallas, cpa near me, Dallas CPA, Deductions for Business Meals and Entertainment, fringe benefits, Meals vs Entertainment, Meals While Traveling, tax, tax advisor, The Burns Firm|

The federal income tax treatment of business-related meal and entertainment expenses has been a moving target the last few years. If you're confused about what rules currently apply, you're not [...]

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 [...]

2022 Q3 tax calendar: Key deadlines for businesses and other employers

June 28th, 2022|Categories: Accountant, Accounting, Burns Firm, Business, C Corporation, Corporation, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, LLC, Partnership, Quarterly Filings, S Corporation, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Return, The Burns Firm|Tags: CPA Dallas, Dallas CPA, deadlines for businesses in Q3, Q3 filing requirements, Q3 tax calendar, tax, tax preparer near me, tax-related deadlines, The Burns Firm|

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may [...]

Tax Season Filing Tips

May 24th, 2022|Categories: Accountant, Accounting, are social security benefits taxable, Burns Firm, Business, Corporation, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Delinquent Tax, Estimated Tax, Estimated Tax Payments, Exemptions, Expenses, Gift Tax, household employees and tax, Inheritance, Partnership, S Corporation, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, tax scams to be aware of, tax write-offs, The Burns Firm|

Did you know that tax return errors can delay refunds and increase audit risk? Before your tax return preparation appointment, make sure you've gathered all 2021 tax documents received, such [...]