PPP – The Burns Firm – Advisors of Complex Financial Matters

Taxability of PPP Loan Forgiveness

December 1st, 2021|Categories: Accounting, Burns Firm, Business, C Corporation, CPA Dallas, Dallas CPA, Dallas tax return preparer, Partnership, PPP, S Corporation, Services, Small Business, Tax, Tax Credits, Tax Cuts, Tax Planning|Tags: Covid-19 PPP loan, CPA Dallas, Dallas CPA, paycheck protection programm, PPP loan forgiveness, revenue procedure 2021-49, The Burns Firm, will my PPP loan be forgiven|

Businesses that received Paycheck Protection Program (PPP) loans can apply for forgiveness once all loan proceeds for which they are requesting forgiveness have been used. On November 18, 2021, the IRS [...]

Deadline Coming: Follow Up on Your PPP Loans

August 13th, 2021|Categories: Accounting, Burns Firm, Covid-19, COVID-Related Tax Relief Act (COVIDTRA), CPA Dallas, Dallas CPA, Dallas tax return preparer, PPP, Small Business, The Burns Firm|Tags: CPA Dallas, Dallas CPA, Forgiveness Application Deadline, PPP loan deadline, PPP loan deadline approaching, PPP loans, tax PPP loans, The Burns Firm, when is my application for forgiveness due for the PPP loan|

Payroll Protection Plan (PPP) loans were a lifeline for many small business owners during the worst of the pandemic-driven economic slowdown. In total, the Small Business Administration (SBA) approved nearly 12 [...]

Appropriations Law Adds Some Business Tax Breaks and Extends Others

January 7th, 2021|Categories: Accounting, Burns Firm, Consolidated Appropriations Act of 2021 (CAA), COVID-Related Tax Relief Act (COVIDTRA), PPP, Tax, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA)|Tags: CARES Act loan forgiveness, Consolidated Appropriations Act (CAA), coronavirus relief, covid relief and my tax, covid-19 relief, CPA Dallas, Dallas CPA, my tax return and coronavirus, tax accountant near me, tax relief, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA) and the COVID-Related Tax Relief Act (COVIDTRA).|

President Trump signed the Consolidated Appropriations Act (CAA) into law on December 27, 2020. The legislation adds a few new tax breaks for businesses and extends a bevy of other business [...]

The COVID-19 relief law: What’s in it for you?

January 5th, 2021|Categories: Accounting, Burns Firm, Coronavirus, Covid-19, Law, PPP, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions|Tags: Civud-19 tax relief, Coronavirus and tax, covid-19 and my business tax return, Covid-19 and my tax return, covid-19 and tax, CPA Dallas, Dallas CPA, tax accountant near Dallas, tax accountant near me, tax law, tax savings, The Burns Firm|

The new COVID-19 relief law that was signed on December 27, 2020, contains a multitude of provisions that may affect you. Here are some of the highlights of the Consolidated [...]

Answers to Questions You May Have About Economic Impact Payments

April 21st, 2020|Categories: Burns Firm, CARES Act, EIP, PPP, Services, Tax|Tags: CARES Act, CPA Dallas, EIP, PPP, tax and the CARES Act, The Burns Firm|

Millions of eligible Americans have already received their Economic Impact Payments (EIPs) via direct deposit or paper checks, according to the IRS. Others are still waiting. The payments are part [...]