entrepreneurs expenses on tax return

Beware of Deductions Claimed for Certain Business Expenses

December 19th, 2019|Categories: Accounting, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: business deductions, business expenses, CPA Dallas, entrepreneurs expenses on tax return, North Dallas CPA, tax, tax deductions, Tax planning, The Burns Firm, what business expenses are tax deductible|

To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your field of business. A necessary expense [...]

How Entrepreneurs Must Treat Expenses On Their Tax Returns

April 25th, 2019|Categories: Accounting, Burns Firm, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: CPA, Dallas CPA, entrepreneurs, entrepreneurs expenses on tax return, planning for tax, Schedule C, start-up costs and expenses on tax return, tax credits, tax deductions, tax preparation, tax return, The Burns Firm|

Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know, before you even open [...]