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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: , , , , , , , , |

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 [...]

The Ins and Outs of Series EE Savings Bond Taxation

June 9th, 2022|Categories: Accountant, Accounting, Burns Firm, Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Tax, tax accountant, tax accountant near me, The Burns Firm|Tags: , , , , , , , , , , , , |

Many people own Series E and Series EE bonds that were bought many years ago. They may rarely look at them or think about them except on occasional trips to [...]

How Tax Reform Affects Divorce Settlements for Small Business Owners

June 7th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Deductions, The Burns Firm, Year-End Tax Planning|Tags: , , , , , , , , , , |

How does the Tax Cuts and Jobs Act (TCJA) affect divorce settlements? Changes in the new law may require divorcing individuals — especially those who own businesses and other investments — [...]

IRA Charitable Donations: An Alternative to Taxable Required Distributions

May 31st, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Donations, IRA, Services, Tax, tax accountant, tax accountant near me, Tax Deductions, Tax Planning, The Burns Firm|Tags: , , , , , , , , , , , , , |

Are you a charitably minded individual who is also taking distributions from a traditional IRA? You may want to consider the tax advantages of making a cash donation to an [...]

What Should You Do if You’ve Picked the Wrong Successor for Your Family Business?

May 24th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Small Business, tax accountant, tax accountant near me, Tax Planning, The Burns Firm, Year-End Tax Planning|Tags: , , , , , , , , , , |

Determining the right successor for your family business can be more complex than it first appears. Sometimes what looks good on paper doesn't play out well in reality. When the time [...]

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 [...]

Valuable gifts to charity may require an appraisal

May 20th, 2022|Categories: Burns Firm, Charitable Donations, CPA, CPA Dallas, CPA near me, Dallas tax return preparer, Dallas tx accountant, Donations, Services, Tax, tax accountant, tax accountant near me, Tax Deductions, Tax Preparation, tax preparer near me, Tax Return, The Burns Firm|Tags: , , , , , , , , , , |

If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and charitable organizations to supply certain information to prove their right [...]

Using a Noncompete Agreement When Buying a Business

May 17th, 2022|Categories: Accountant, Accounting, Burns Firm, Business, Buying a Business, CPA, CPA Dallas, Dallas CPA, Dallas tx accountant, Due Diligence, M&A, Merger & Acquisition, Sell Business, Selling a Business, Services, Small Business, Tax, The Burns Firm|Tags: , , , , , , , , , , , , , , , , , |

Noncompete agreements are commonly included in business purchase transactions to prevent the seller from competing against the buyer for the term of the noncompete agreement. These arrangements are also sometimes called [...]

Tax Issues When SELLING a Business With an Earnout

May 12th, 2022|Categories: Accountant, Accounting, Burns Firm, Business, Business Write-offs, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Due Diligence, M&A, Merger & Acquisition, Sell Business, Selling a Business, Services, Small Business, Tax Planning, tax write-offs, The Burns Firm|Tags: , , , , , , , , , |

When a business is sold or purchased, the transaction might involve an earnout provision. This is a contractual arrangement in which the seller receives additional payment in the future if certain [...]

What are the tax implications of selling mutual fund shares?

May 3rd, 2022|Categories: Accountant, Accounting, Burns Firm, Business, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: , , , , , , , , , , , , , , , , |

If you’re an investor in mutual funds or you’re interested in putting some money into them, you’re not alone. According to the Investment Company Institute, a survey found 58.7 million [...]

Things to Consider Once Your Tax Return Is Filed

April 26th, 2022|Categories: Accountant, Accounting, Burns Firm, Business, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, Tax Withholding, tax write-offs, The Burns Firm, Withholding, Year-End Tax Planning|Tags: , , , , , , , , , , , , , , |

The tax filing deadline for 2021 tax returns was April 18 this year. After your 2021 tax return has been successfully filed with the IRS, there may still be some [...]

Tax Rules of Renting Out a Vacation Property

April 21st, 2022|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Tax, Tax Deductions, tax write-offs, The Burns Firm|Tags: , , , , , , , , , , , , , |

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the [...]

2022 Q2 tax calendar: Key deadlines for businesses and other employers

April 19th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Quarterly Filings, Services, Tax, tax accountant, tax accountant near me|Tags: , , , , , , , , , |

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

Lost Your Job? Here Are the Tax Aspects of an Employee Termination

April 14th, 2022|Categories: Accounting, Burns Firm, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Tax, Tax Deductions, Tax Preparation, Tax Return, The Burns Firm|Tags: , , , , , , , , , , , , , , , |

Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind. [...]

Bring Home a Tax Credit for Adoption

April 12th, 2022|Categories: Accountant, Accounting, Burns Firm, Child Tax Credit, CPA, CPA Dallas, Dallas tax return preparer, Dallas tx accountant, Dependent Care credits, Services, Tax, Tax Credits, Tax Deductions, Tax Preparation, Tax Return, The Burns Firm|Tags: , , , , , , , , , |

When you adopt a child, you could bring home more than a bundle of joy. You may also be in line for a valuable tax credit. For 2022, a tax credit [...]

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