Coronavirus

Know Your OSHA Obligations if COVID-19 Strikes Your Business

April 27th, 2021|Categories: Accounting, Covid-19, COVID-Related Tax Relief Act (COVIDTRA), CPA Dallas, Dallas CPA, Services, Small Business, Tax|Tags: , , , , , , , , , , , |

Not all employers are bound by the recordkeeping and reporting requirements established by the Occupational Safety and Health Administration (OSHA). Generally, an employer must have more than 10 employees to be [...]

FAQs About Tax-Free Disaster Relief Payments During the COVID-19 Crisis

December 16th, 2020|Categories: Accounting, Burns Firm, Coronavirus, Covid-19, Services, Tax|Tags: , , , , , , , , , , , |

Many people are struggling to make ends meet during the COVID-19 pandemic. Fortunately, some individuals qualify for federal-income-tax-free disaster relief and disaster mitigation payments paid by some employers under Internal Revenue [...]

Tax Implications When Lenders Cancel Debts in the Covid-19 Era

October 27th, 2020|Categories: Accounting, Burns Firm, Coronavirus, Covid-19, Tax, Tax Cuts, Tax Deductions|Tags: , , , , , , , , , , |

In the COVID-19-ravaged economy, debts can pile up beyond a borrower's ability to repay. Lenders sometimes may be willing to forgive (or cancel) debts that are owed by certain borrowers. While [...]

Tax Implications of Working From Home and Collecting Unemployment

September 29th, 2020|Categories: Accounting, Burns Firm, Covid-19, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: , , , , , , , , , , |

COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information about two common situations. Working from home. Many employees have [...]

Boosting the Productivity of Remote Workers

May 14th, 2020|Categories: Accounting, Burns Firm, Business, CARES Act, Coronavirus, Covid-19, Tax|Tags: , , , , , , , , , |

Even while conditions in some states have improved enough to allow some workers in exile to begin returning to their workplaces, life is not likely to return to normal for [...]

CARES ACT Changes Retirement Plan and Charitable Contribution Rules

April 16th, 2020|Categories: Accounting, Burns Firm, Business, C Corporation, Merger & Acquisition, Partnership, S Corporation, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: , , , , |

As we all try to keep ourselves, our loved ones, and our communities safe from the coronavirus (COVID-19) pandemic, you may be wondering about some of the recent tax changes [...]

Testing the Waters Before Jumping In

April 2nd, 2020|Categories: Accounting, Burns Firm, Business, Buying a Business, Merger & Acquisition, Sell Business, Selling a Business, Services, Tax|Tags: , , , , , , , , , , |

When considering a merger or acquisition, the most opportune time to find out about possible culture clashes is obviously before the deal is complete. In fact, one often-cited reason for [...]

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