Tax changes

Numerous Tax Limits Affecting Businesses Have Increased for 2020

February 12th, 2020|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: 2019 tax preparation, CPA Dallas, deductions, retirement plan changes, social security tax changes for 2020, tax, Tax changes, tax limit increases for 2020, tax preparation, The Burns Firm|

An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be important to you and your [...]

Tax Reform: Which Changes Are Temporary vs. Permanent?

September 28th, 2018|Categories: Accounting, Burns Firm, C Corporation, Partnership, S Corporation, Sell Business, Selling a Business, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: 2018 tax year tax changes, changes to 2018 tax return filing, CPA, tax, Tax changes, TCJA, The Burns Firm|

The Tax Cuts and Jobs Act (TCJA) includes a bevy of important tax changes for individuals and businesses. However, it's sometimes hard to keep track of which changes are permanent [...]