Tax planning – Page 7 – The Burns Firm – Advisors of Complex Financial Matters

Midyear Tax Check!

July 10th, 2018|Categories: Accounting, Burns Firm, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: 2018 tax planning, tax, Tax planning, TCJA, The Burns Firm|

Net Investment Income Tax: Does It Apply to You?

June 28th, 2018|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: 2018 tax planning, 3.8 percent net investment income tax, Accounting, exemptions, expense, form 8960, IRS, net investment income, Planning, tax, Tax planning, tax preparation, TCJA, The Burns Firm|

Information from irs.gov If an individual has income from investments, the individual may be subject to net investment income tax. Effective Jan. 1, 2013, individual taxpayers are liable for a [...]

How Accountable is Your Business?

June 12th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax, TCJA|Tags: 2018 tax planning, accountable, accountable plan, accountableplan, Accounting, business-related expenses, business-relatedexpenses, C corp, car, deductions, Employees, exemptions, expense, IRS, payroll, payroll tax, payroll withholding, payrolltax, payrollwithholding, Planning, tax, Tax planning, TCJA, The Burns Firm|

Get started on 2018 tax planning now!

May 8th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Merger & Acquisition, Partnership, Retirement Plan, S Corporation, Selling a Business, Services, Tax, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: 2018 tax planning, Accounting, business, C corp, Denis Burns, expense, IRS, Planning, Retirement, tax, Tax planning, tax return, TCJA, The Burns Firm|

With the April 17 individual income tax filing deadline behind you (or with your 2017 tax return on the back burner if you filed for an extension), you may be [...]

Size of Charitable Deductions Depends on Many factors

March 8th, 2018|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: 2018 tax planning, Accounting, automobile, bunching donations, car, cash, cash donation, Charitable donation, Charity, deductions, Donations, expense, furniture, giving, IRS, long-term capital gains, ordinary income propeprty, personal property, Planning, tax, tax credits, Tax planning, tax preparation, tax return, TCJA, The Burns Firm, Vehicle|

Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more [...]