cpa near me – Page 17 – The Burns Firm – Advisors of Complex Financial Matters

If You Run a Business From Home, You Could Qualify For Home Office Deductions

March 9th, 2021|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: 2020 tax deductions, accountant near me, business deductions, cpa near me, home office tax deductions, run a business from home, tax preparer near me, tax prepartion, tax return deductions, tax return preparation, The Burns Firm, What are the home office deductions for tax year 2020, what can I deduct if I run a business from home, what can i deduct on my business tax return, what can i deduct on my personal tax return|

During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perform certain functions there, you might be able to [...]

Can You Claim the QBI Deduction for 2020?

March 4th, 2021|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: accounting firm near me, can i claim QBI deduction, can I claim QBI on my business tax return, CPA Dallas, cpa near me, Dallas CPA, QBI, Tax planning, The Burns Firm, who can claim QBI deduction for 2020|

For tax years beginning in 2020, you can potentially claim a personal federal income tax deduction for up to 20% of qualified business income (QBI) from a so-called "pass-through" business, [...]

How Can Business Owners Lower Last Year’s Tax Bill?

March 2nd, 2021|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation|Tags: accounting firm near me, are there any covid 19 relief provisions, can I claim 100% first year bonus depreciation, covi-19 relief provisions, CPA Dallas, cpa near me, Dallas CPA, how can business owners lower tax bill, how do I file my business tax return, North Texas CPA, tax filing for my business, The Burns Firm, who can prepare my business tax return|

Good news! Business taxpayers may still be able to take actions to lower their federal income tax liabilities for 2020, as well as for future years. Consider these ideas before you [...]

Bad Debts: What Losses Can You Deduct and When?

February 23rd, 2021|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Deductions, Tax Planning, Tax Return|Tags: bad business debt, bad debt, business debt, can I write off bad debt, can I write off bad debt for my business, CPA Dallas, cpa near me, Dallas CPA, tax, tax deductions, The Burns Firm, what bad debt can be written off|

Attempts to claim write-offs for bad debt losses have fueled controversies with the IRS for many years. Unfortunately, bad debt losses are increasingly common during the COVID-19 pandemic. Here's an overview [...]

Last-Minute Tips for Your 2020 Personal Return

February 18th, 2021|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: accounting firm near me, CPA Dallas, cpa near me, Dallas CPA, last minute filing tips, persoanl tax deductions, tax deductions for your personal return, tax filing, tax preparation, tax return filing tips, The Burns Firm, what can I deduct on my 2020 tax return|

Goodbye, 2020. Hello, tax season. Individual taxpayers have until April 15, 2021, to pay Uncle Sam for taxes owed for 2020. (Remember, you can extend the deadline for filing your return [...]

Ways to Fully Deduct Business-Related Meals

February 2nd, 2021|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Tax, Tax Credits, Tax Deductions|Tags: business tax return, business tax return meal deduction, business tax return preparation, can business meals be deducted, can I deduct business meals on my tax return, CPA Dallas, CPA in Dallas, cpa near me, Dallas CPA, tax deductions, tax firm near me, tax preparer in North Texas, tax return, tax return preparation, tax return preparation near me, The Burns Firm|

Restaurants have struggled mightily during the COVID-19 pandemic. Thankfully, they're specifically targeted for a new tax relief measure found in the massive Consolidated Appropriations Act (CAA), which became law on December [...]

New Appropriations Act Included Disaster Tax Relief

January 28th, 2021|Categories: Burns Firm|Tags: accounting firm near me, CPA Dallas, cpa near me, Dallas CPA, Deduction rules for personal qualified disaster casualty losses, disaster relief, New Appropriations Act Included Disaster Tax Relief, new tax laws for 2020 tax year, new tax laws for 2021, North Texas CPA, tax disaster relief, tax return deductions, tax return preparation, tax return preparer near me, The Burns Firm|

You've probably heard about the massive new Consolidated Appropriations Act (CAA), which provides direct payments to eligible individuals and contains other provisions to help mitigate the effects of COVID-19. But it also [...]

The New Form 1099-NEC and the Revised 1099-MISC are Due to Recipients Soon

January 26th, 2021|Categories: Accounting, Burns Firm, Business, C Corporation, IRS, IRS Forms, Partnership, Tax Planning, Tax Preparation, Tax Return|Tags: accounting firm near me, CPA Dallas, cpa near me, Dallas CPA, doI need a form 1099NEC, IRS, IRS form 1099NEC, NEC1099, new IRS form NEC 1099, tax forms, tax help, tax preparation, tax return preparer near me, The Burns Firm, what forms do I need to issue for tax purposes, what is form 1099NEC used for|

There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients by February 1, 2021. After sending [...]

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: accounting firm in Dallas, accounting firm near me, can i deduct education expense on my tax return, CPA Dallas, CPA firm in Dallas, cpa near me, education credits, help with preparing my tax return, tax, tax breaks, tax breaks for higher education, tax preparation, tax preparer in Dallas, tax return preparation, The Burns Firm|

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 [...]

Can Investors Who Manage Their Own Portfolios Deduct Related Expenses?

October 20th, 2020|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: are expenses deductible if I am self-employed, CPA Dallas, CPA in Dallas, cpa near me, Dallas CPA, deducting expenses on tax return, deductions on tax return, self-employed expenses, tax credits, tax deduction, Tax planning, tax preparation, tax return, The Burns Firm, who can deduct expenses on tax return|

In some cases, investors have significant related expenses, such as the cost of subscriptions to financial periodicals and clerical expenses. Are they tax deductible? Under the Tax Cut and Jobs [...]

Follow Detailed Recordkeeping Rules for Vehicle Expense Deductions

September 22nd, 2020|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Return|Tags: CPA Dallas, cpa near me, Dallas CPA, irs rules on keeping track of miles, keep track of miles, Mileage log, recordkeeping of miles, rules for keeping track of miles for work vehicle, The Burns Firm, vehicle expense and what is deductible, vehicle expense deductions, vehicle expense deductions and recordkeeping|

Many business owners fail to follow the strict tax rules for substantiating vehicle expenses. But if your business is audited, the IRS will most likely ask for mileage logs if [...]