Healthcare & Retirement – The Burns Firm – Advisors of Complex Financial Matters

Understanding your obligations: Does your business need to report employee health coverage?

October 8th, 2024|Categories: Accountant, Burns Firm, Business, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Employee, Employee Benefits, Healthcare & Retirement, Services, Small Business, Tax|Tags: Business Provided Health Care Coverage for Employees, CPA Dallas, cpa near me, Employee Health Care Coverage, health care, Reporting Health Care Coverage of Employees, tax, tax advisor, Texas CPA, The Burns Firm|

Employee health coverage is a significant part of many companies’ benefits packages. However, the administrative responsibilities that accompany offering health insurance can be complex. One crucial aspect is understanding [...]

A job loss is bad but the tax implications could make it worse

March 12th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Healthcare & Retirement, Layoff, Services, Tax, Tax Advisor, Tax Planning, The Burns Firm, Unemployment|Tags: CPA, cpa near me, Dallas, Dallas CPA, Job Loss, Job loss and health insurance, job loss and retirement plan, Layoff, tax advisor, Tax Implications and Job Loss, The Burns Firm, unemployed and unemployment benefits and tax, Unemployment, Unemployment Insurance|

Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries including technology and media. If you’re laid [...]

Smooth Sailing: Tips to Speed Processing and Avoid Hassles This Tax Season

February 22nd, 2022|Categories: Accounting, Burns Firm, Child Tax Credit, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Delinquent Tax, Dependent Care credits, Donations, Estimated Tax, Estimated Tax Payments, Expenses, Gift Tax, Healthcare & Retirement, Lifetime Learning Credit, Nanny Tax, Retirement, Scholarships, Services, Social Security, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, tax write-offs, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA), TCJA, The Burns Firm|Tags: 1099, 2021 tax year tips, CPA Dallas, Dallas CPA, form 1040 tax preparer, North Texas accountant, North Texas accounting firm, North Texas CPA, North Texas CPA firm, tax preparer near me, tax return preparation, tax tips, tax tips to avoid hassles this tax season, Texas CPA, The Burns Firm, W2|

The IRS began accepting 2021 individual tax returns on January 24. If you haven’t prepared yet for tax season, here are three quick tips to help speed processing and avoid [...]

How to Pay Retiree Health Costs Tax-Free

October 5th, 2021|Categories: Accounting, Burns Firm, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Healthcare & Retirement, Retirement, Retirement Plan, Tax, Tax Credits, Tax Planning, The Burns Firm|Tags: can retiree health costs be tax-free, cpa near me, Dallas CPA, health cost, how do I prevent paying tax on health costs, retiree health costs, tax preparer near me, The Burns Firm|

If you own a small business, you may have set up a defined benefit pension plan for you and your employees that will provide a specific amount of retirement income based [...]

5 Possible Tax Aspects of a Parent Moving Into a Nursing Home

September 2nd, 2021|Categories: Accounting, Burns Firm, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Expenses, Healthcare & Retirement, how do I know if my parent qualifies as my dependent, if I support my parents financially can I claim them on tax return, Medicare Premiums, Services, Tax, Tax Credits, Tax Deductions, Tax Return, The Burns Firm|Tags: are medical expenses deducted, are nursing home expenses deductible, CPA Dallas, Dallas CPA, deductions on tax return, elderly and expenses, long-term medical care expenses, medical expense deductions, tax preparer near me, The Burns Firm, what expenses are deductible on my tax return|

If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications. Here are five. 1. Long-term [...]