Employee Benefits – The Burns Firm – Advisors of Complex Financial Matters

Tax Breaks for Employer-Paid Education Expenses

February 27th, 2024|Categories: accountant near me, Burns Firm, Business, Business Deductions, Business Expense Deductions, Business Write-offs, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Education, Education Assistance Plan, Education Expenses, Employee Benefits, Employer-Paid Education Expenses, Sec. 127 Plan, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, The Burns Firm|Tags: CPA Dallas, cpa near me, Dallas CPA, Educational Assistance Plans, Employer Deductions, Employer-Paid Education Expenses, Reimbursement for Job-Related Qualified Education Expenses, Sec. 127, tax, tax advisor, Tax Break for Employer-Paid Education Expenses, The Burns Firm|

Is your business struggling with a shortage of skilled workers in today's tight labor market? One possible option is to invest in education programs to upskill your current employees. This [...]

Keep These DOs and DON’Ts In Mind When Deducting Business Meal and Vehicle Expenses

June 29th, 2023|Categories: Accountant, Accounting, Burns Firm, Business, Business Deductions, Business Vehicle, Business Write-offs, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Employee Benefits, Expenses, Fringe Benefits, Meals & Entertainment Deductions, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Planning, tax write-offs, The Burns Firm|Tags: business deductions, business expenses, Business Meal Deductions, Business miles, Business Vehicle Deductions, Can I deduct Business Meals, Can I Deduct the Expenses For My Business Vehicle, Can I write-Off Business Expenses, cpa near me, Dallas CPA, fringe benefits, tax advisor, Tax write-offs, The Burns Firm, What Business Expenses Are Decutible|

If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records [...]

Education Benefits Help Attract, Retain and Motivate Your Employees

May 25th, 2023|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Employee Benefits, Fringe Benefits, Services, Tax, tax accountant, Tax Advisor, The Burns Firm|Tags: cpa near me, Dallas CPA, Education Fringe Benefit, Employee Assistance with Student Loans, employee benefits, employee fringe benefits, fringe benefits, tax advisor, The Burns Firm|

One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial assistance from their employers. One way to [...]

Providing Fringe Benefits to Employees With No Tax Strings Attached

November 10th, 2022|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, CPADallas, Dallas CPA, Employee Benefits, Fringe Benefits, Services, Tax, tax accountant, The Burns Firm|Tags: CPA Dallas, employee fringe benefits, fringe benefits, fringe benefits for employees with no tax strings attached, tax, The Burns Firm|

Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay tax on the value of [...]