Loans

Deduct a Loss From Making a Personal Loan to a Relative or Friend

April 3rd, 2025|Categories: Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Loans, Tax, tax accountant, tax accountant near me, Tax Advisor, tax write-offs, Texas CPA, The Burns Firm|Tags: , , , , , , , , |

Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a cash flow problem. You may want to help by [...]

Sweeten Your Lender Relationships With Strong Financial Reporting

January 4th, 2024|Categories: Accountant, Accounting, Burns Firm, Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tx accountant, Financial Statements, Loans, Services, Tax, The Burns Firm|Tags: , , , , , , , , , , , , |

No matter what the economy, applying for business credit is no cake walk. Sure, it might be a little easier when interest rates are lower, and lenders really want to [...]

Guaranteeing a loan to your corporation? There may be tax implications

September 7th, 2023|Categories: Accountant, Accounting, Burns Firm, Business, Business Loan, C Corporation, CPA, CPA Dallas, CPA near me, Dallas CPA, Loans, Services, Tax, Tax Advisor, The Burns Firm|Tags: , , , , , , |

Let’s say you decide to, or are asked to, guarantee a loan to your corporation. Before agreeing to act as a guarantor, endorser, or indemnitor of a debt obligation [...]

Can You Deduct Student Loan Interest On Your Tax Return?

August 24th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Loans, Services, Tax, tax accountant, Tax Advisor, Tax Deductions, The Burns Firm|Tags: , , , , , , , |

The federal student loan “pause” is coming to an end on August 31 after more than three years. If you have student loan debt, you may wonder whether you [...]

Don’t Take a Personal Guarantee Lying Down

April 25th, 2023|Categories: Accountant, Accounting, Burns Firm, Business, Business Loan, CPA Dallas, CPA near me, Dallas CPA, Loans, Services, Small Business, Tax, tax accountant, Tax Advisor, The Burns Firm|Tags: , , , , , , , , , |

Most lenders require the owner of a small business to personally guarantee loans made to the company in question. This pledge indicates the owner's commitment and helps ensure that the [...]

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