tax planning for a small business

Tax Planning for a Small Business

December 1st, 2020|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Planning|Tags: CPA Dallas, Dallas accounting firm, Dallas tax frim, Dallas tax return preparer, how to save tax if you own a small business, how to tax plan, small business tax planning, tax accounting firm, tax CPA, tax firm, tax planning firm, tax planning for a small business, tax preparer|

Small business owners still have time to make tax planning moves to lower their 2020 federal income tax bills — and possibly lay the groundwork to save taxes in future years. [...]

Small Businesses: Are First-Year Depreciation Write-Offs Right for You?

October 1st, 2020|Categories: Accounting, Burns Firm, Business, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Return|Tags: CPA Dallas, should a business write off depreciation, small business write-off first year depreciation, small business write-offs, small business writeoffs, tax, Tax planning, tax planning for a small business, The Burns Firm|

Under today's federal income tax rules, your business may be able to claim big first-year depreciation write-offs for eligible assets that are placed in service in the current tax year. [...]