business taxes – The Burns Firm – Advisors of Complex Financial Matters

Small Business Owner Tax Planning Tips

October 16th, 2019|Categories: Accounting, Burns Firm, Business, Tax Planning|Tags: business tax planning, business taxes, CPA, Dallas CPA, small business tax planning, tax planning for 2020, tax returns, taxes, The Burns Firm|

It's hard to believe 2019 is almost over! It's been a busy year in many sectors, often forcing small business owners to put tax planning on the back burner while they've [...]

A Refresher on Major Tax Law Changes for Small-Business Owners

January 8th, 2019|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: business taxes, CPA, deductions, preparing for 2019, tax, tax breaks, tax filing, Tax law changes, tax law changes for small businesses, Tax planning, tax return preparation, TCJA, The Burns Firm|

The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. [...]

The TCJA Changes Some Rules for Deducting Pass-through Business Losses

June 5th, 2018|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: 2018 tax planning, Assets, business, business losses, business tax, business taxes, expense, Loss, pass-through losses, Planning, tax, TCJA, The Burns Firm|

It’s not uncommon for businesses to sometimes generate tax losses. But the losses that can be deducted are limited by tax law in some situations. The Tax Cuts and Jobs [...]