tax preparation – The Burns Firm – Advisors of Complex Financial Matters

Answers to Your Tax Season Questions

January 18th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Expenses, Medical Deductions, Medical Expenses, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Depreciation, Tax Filing Status, Tax Preparation, Tax Rates, Tax Return, Tax Return Filing, Tax Return Preparer, tax season tips, Tax Withholding, tax write-offs, Taxable Income, The Burns Firm, Wages, Withholding|Tags: 2023 Tax Preparation, 2023 Tax Return preparation, 2023 Tax Season, CPA, CPA Dallas, cpa near me, Questions about taxes, tax, tax advisor, tax preparation, Tax Questions, tax return preparer near me, The Burns Firm, W2s and 1099, What do I need to do for 2023 tax season, what documents are needed to prepare a tax return|

The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the tax agency will begin accepting and processing 2023 tax year [...]

Being a Gig Worker Comes With Tax Consequences

June 27th, 2023|Categories: Accountant, Accounting, Burns Firm, Business Write-offs, Contractor, CPA, CPA Dallas, CPA near me, Dallas CPA, Gig Economy, Independent Contractor, Self-employed, Tax, Tax Advisor, Tax Preparation, Tax Return, Tax Return Filing, The Burns Firm|Tags: CPA Dallas, cpa near me, gig worker, Gigs, Independent contractor, Independent Contractor and Tax, Record-Keeping as a Gig Worker, Record-Keeping as a Independent Contractor, Sharing Economy, tax, tax advisor, Tax for Gig Work, Tax on Gig Work, tax preparation, The Burns Firm|

In recent years, many workers have become engaged in the “gig” economy. You may think of gig workers as those who deliver take-out restaurant meals, walk dogs and drive [...]

Paperwork You Can Yoss After Filing Your Tax Return

April 11th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Services, Tax, tax accountant, Tax Advisor, Tax Return, Tax Return Filing, Tax Support Documents, The Burns Firm|Tags: CPA Dallas, cpa near me, Dallas CPA, how long do i need to keep my tax records, how long do I need to keep tax returns, tax, tax advisor, tax preparation, tax return, The Burns Fir, When can I destroy my tax returns and support documents|

Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you should retain certain records. You may have to [...]

Employers Should Be Wary of ERC Claims That Are Too Good to Be True

January 26th, 2023|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, CPA, CPA Dallas, CPA near me, Dallas CPA, ERC, Services, Small Business, Tax, tax accountant near me, Tax Advisor, The Burns Firm|Tags: Be wary of ERC claims, Claiming ERC, cpa near me, ERC, tax preparation, The Burns Firm|

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. While the credit is [...]

Why You Might Want to File Early and Answers to Other Tax Season Questions

January 24th, 2023|Categories: Accountant, accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Preparation, Tax Return, The Burns Firm|Tags: 2022 Tax Filing, 2022 Tax Year Filing, cpa near me, tax accountant, tax forms, tax preparation, tax preparer, tax preparer near me, tax return filing, The Burns Firm, W2, When Should I File My Tax Return|

The IRS announced it opened the 2023 individual income tax return filing season on January 23. That’s when the agency began accepting and processing 2022 tax year returns. Even [...]

Be a Hands-On Owner to Maximize Profits

October 6th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, Business Write-offs, Buying a Business, CPA, CPA Dallas, CPA near me, CPA neasr 75248, CPA75248, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Growing A Business, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Preparation, tax preparer near me, Tax Return, The Burns Firm|Tags: be a hands-on owner, CPA 75248, CPA Dallas, cpa near me, Dallas CPA, guidelines for owning a business, how can a business owner maximize profit, owning a business, tax preparation, tax preparer near me, tips for owning a business, what do I need to know about owning a business|

Over the years, McDonald's has been able to sell hundreds of billions of hamburgers. The business started with a single drive-in burger stand started by two brothers in Southern California. [...]

2022 Q2 tax calendar: Key deadlines for businesses and other employers

April 19th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Quarterly Filings, Services, Tax, tax accountant, tax accountant near me|Tags: CPA Dallas, CPA Dallas The Burns Firm, Dallas CPA, filing deadlines, Q2 deadlines, Q2 filing deadlines, tax filing, tax preparation, tax preparer near me, The Burns Firm|

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Keep in mind that this list isn’t all-inclusive, so [...]

Get ready for taxes: Here’s what’s new and what to consider when filing in 2022

January 25th, 2022|Categories: Accounting, Burns Firm, CARES Act, Child Tax Credit, Covid-19, COVID-Related Tax Relief Act (COVIDTRA), CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Donations, Estimated Tax, Estimated Tax Payments, Expenses, Gift Tax, IRS, Nanny Tax, Retirement, Services, Small Business, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, Tax Withholding, tax write-offs, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA), The Burns Firm, Withholding|Tags: 2022 tax, 2022 tax guidelines, 2022 taxes, accountant near me, cpa near me, IRS, North Texas accountant, tax accountant near me, tax filing, tax preparation, tax preparer near me|

Information from IRS.gov The IRS encourages taxpayers to get informed about topics related to filing their federal tax returns in 2022. These topics include special steps related to charitable contributions, [...]

Reminder: Estimated Tax Payments Are Due By April 15

April 8th, 2021|Categories: Accounting, Burns Firm, C Corporation, CPA Dallas, Dallas CPA, Estimated Tax, Estimated Tax Payments, IRS, Partnership, S Corporation, Services, Tax|Tags: 2021, CPA Dallas, Dallas CPA, do I need to make an estimated tax payment, estimated tax, estimated tax payments due by April 15, IRS estimated tax, North Dallas CPA, north dallas tax return preparation, tax due for 2021, tax preparation, tax preparer near me, when is estimated tax payment due|

Information provided by IRS.gov The Internal Revenue Service has issued a reminder to self-employed individuals, retirees, investors, businesses, corporations, and others who pay their taxes quarterly that the payment for [...]

New Law Tax Break May Make Child Care Less Expensive

March 30th, 2021|Categories: Accounting, Child Tax Credit, Dallas CPA, Tax, Tax Credits, Tax Return|Tags: American Rescue Plan Act, ARPA, child care tax credits, child tax credits, CPA in North Texas, cpa near me, Dallas CPA, North Dallas tax preparer, tax credits for child care, tax credits for children on tax return, tax preparation, tax preparation near me|

The new American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and dependent care credit for 2021. This is the credit available for expenses a taxpayer pays [...]

Retiring Soon? Recent Law Changes May Have an Impact on Your Retirement Savings

March 23rd, 2021|Categories: Accounting, Burns Firm, Retirement Plan, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation|Tags: can I keep contributing to my IRA after I retire, CPA Dallas, cpa near me, Dallas CPA, IRA and retirement, IRA contributions when you retire, IRA questions about retirement, minimum distribution age, Retirement, retirement advisor near me, tax, tax advisor Dallas Texas, tax advisor near me, Tax planning, tax preparation, tax return preparation near me, The Burns Firm|

If you’re approaching retirement, you probably want to ensure the money you’ve saved in retirement plans lasts as long as possible. If so, be aware that a law was recently [...]

New Law: Parents and Other Eligible Americans to Receive Direct Payments

March 18th, 2021|Categories: Accounting, American Rescue Plan Act, Burns Firm, Child Tax Credit, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Return|Tags: child tax credit, CPA Dallas, Dallas CPA, do I qualify for the American Rescue Plan Act, tax preparation, tax preparer near me, tax return preparation, tax return preparer near me, what credits can i get on my tax return, what is the American rescue plan act|

The American Rescue Plan Act, signed into law on March 11, provides a variety of tax and financial relief to help mitigate the effects of the COVID-19 pandemic. Among the [...]

Estimated Tax Payments: The Deadline for the First 2021 Installment is Coming Up

March 16th, 2021|Categories: Accounting, Burns Firm, Estimated Tax, Services, Tax, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation|Tags: april 15 estimated tax payment deadline, CPA Dallas, cpa near me, Dallas CPA, due date for estimated tax payment, estimated tax payment deadline approaching, estimated tax payment schedule, how do I make an estimated tax payment, should I make an estimated tax payment, tax, tax preparation, tax preparation in Dallas, tax preparer near me, tax return preparer, when do i need to make estimated tax payments|

April 15 is not only the deadline for filing your 2020 tax return, it’s also the deadline for the first quarterly estimated tax payment for 2021, if you’re required to [...]

4 Important Changes on Your 2020 Tax Return

March 11th, 2021|Categories: Accounting, Burns Firm, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Return|Tags: 2020 tax return, 2020 tax return preparation, changes to your 2020 tax return, charitable donations are limited, CPA Dallas, Dallas CPA, do I need to put stimulus payments on my tax return for 2020, if you don't itemize, North Texas CPA, North Texas tax return preparer, tax preparation, tax preparer near me, The Burns Firm|

Tax season has started. Your tax professional is ready to prepare your 2020 federal and state returns — but are you ready? The pandemic has led to several changes to the [...]

Navigate the Tax Rules for Boats and RVs

March 11th, 2021|Categories: Accounting, Burns Firm, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation|Tags: accounting firm near me, can I, CPA, CPA Dallas, CPA firm near me, Dalals, tax filing, tax firm near me, tax preparation, tax preparation for 2020, tax return preparation, tax rules relating to RVs and Boats, The Burns Firm, who can prepare my personal tax return near me|

Will you be cruising the waters on your boat or camping out in your RV this year? Besides the pleasure you can enjoy through your personal property, you may also be [...]