Dallas tax advisor – The Burns Firm – Advisors of Complex Financial Matters

A three-step strategy to save tax when selling appreciated vacant land

May 28th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Land Sales, Tax, Tax Advisor, Tax Basis, Tax Depreciation, The Burns Firm|Tags: cpa near me, CPA Tax Advisor, Dallas CPA, Dallas tax advisor, S corporation entity, Save tax when selling appreciated vacant land, selling land, Selling Land and Tax, tax advisor, Tax paid when you sell land, Texas CPA, The Burns Firm|

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that [...]

Don’t Take a Personal Guarantee Lying Down

April 25th, 2023|Categories: Accountant, Accounting, Burns Firm, Business, Business Loan, CPA Dallas, CPA near me, Dallas CPA, Loans, Services, Small Business, Tax, tax accountant, Tax Advisor, The Burns Firm|Tags: cpa near me, Dallas CPA, Dallas tax advisor, Loan for my Business, Personal Guarantee for Business Loan, Should I Personally Guarantee a Loan for My Business, Should I Take a Personal Guarantee for a Business Loan, tax advisor, The Burns Firm, What is a Personal Guarantee|

Most lenders require the owner of a small business to personally guarantee loans made to the company in question. This pledge indicates the owner's commitment and helps ensure that the [...]

Is it a good time for a Roth conversion?

June 23rd, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, IRA, Retirement, Retirement Plan, Tax, tax accountant, tax accountant near me, Tax Advisor|Tags: CPA Dallas, cpa near me, Dallas CPA, Dallas tax advisor, retirement plans, ROTH conversion, tax advisor near me, The Burns Firm, traditional IRS vs Roth IRA|

The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA, this decline may provide a valuable [...]