accounting firm in Dallas

Educate Yourself About the Revised Tax Benefits for Higher Education

January 19th, 2021|Categories: Accounting, Burns Firm, Tax, Tax Credits, Tax Cuts, Tax Return|Tags: , , , , , , , , , , , , , , |

Attending college is one of the biggest investments that parents and students ever make. If you or your child (or grandchild) attends (or plans to attend) an institution of higher [...]

Small Businesses: Cash In On Depreciation Tax Savers

December 17th, 2020|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Planning|Tags: , , , , , , , , , , , , , , , |

As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other depreciable property. If so, you [...]

Employees: Don’t Forget About Your FSA Funds

November 24th, 2020|Categories: Accounting, Burns Firm, Services, Tax|Tags: , , , , , , , , , , , |

Many employees take advantage of the opportunity to save taxes by placing funds in their employer’s health or dependent care flexible spending arrangements (FSAs). As the end of 2020 nears, [...]

Bring Home a Tax Credit for Adoption

November 24th, 2020|Categories: Accounting, Burns Firm, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Return|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 2020, a tax [...]

Fraud Alert: Have You Heard About New Vishing Attacks?

November 19th, 2020|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax|Tags: , , , , , , , , , |

For years, businesses and individuals have had to worry about so-called "phishing" scams sent via email or text. These cyberattacks are designed to hook unsuspecting victims into revealing sensitive information. [...]

Still Working After Age 70½? You May Not Have to Begin 401(k) Withdrawals

April 16th, 2019|Categories: Burns Firm, Retirement Plan, Tax, Tax Planning|Tags: , , , , , , , , , , |

If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking required withdrawals from the plan no later than April 1 of the year [...]

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