The Burns Firm, Ltd.

Advisors of Complex Tax, Accounting and Financial Matters

[The Burns Firm, Ltd. @FirmCpa]

Medical Costs: Can I Really Get a Tax Break for That? Some of the qualified procedures may surprise you.https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

Midyear Tax Planning for Noncorporate Small Business Owners and Why It's Important https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

The “kiddie tax” can increase a family’s overall tax liability if investment income is generated in a child’s name — even if the child is a young adult. But you may be able to minimize its impact. https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

Tax Planning After the Loss of a Spouse: The death of a spouse is, first and foremost, a profound personal loss with intense emotional and psychological impact. But it can also bring about major financial changes at a difficult time. https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

Should you make after-tax, non-Roth 401(k) contributions? If you’ve been maxing out your 401(k) elective deferrals, you may be able to add to your retirement nest egg with another type of 401(k) contribution. https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

Tax scams continue to evolve. Here are some common ones to watch for and how to avoid becoming a victim. https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

Certain small businesses may qualify for various federal tax breaks. But different tax provisions use different size tests. Read on to learn more about big tax breaks for small businesses that meet one such test. https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

Claiming the QBI Deduction for Rental Real Estate https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

A change in state residency has tax implications beyond income taxes. Find out what tax factors to look at before relocating. https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

Does your business own commercial real property? A closer look at your building costs could change how quickly you can deduct those expenses. A cost segregation study can uncover tax savings hidden in plain sight. https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

Is Your Business Eligible for Tariff Refunds? https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

Rebalancing your investment portfolio periodically is necessary to maintain your desired asset allocation, which can help manage risk and achieve your goals. Here are some tips for tax-smart rebalancing. https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

10 Ideas for Boosting Profits: By cutting costs, you can enhance your bottom line in several ways. Here are 10 ideas https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

Business Tax Update: IRS Guidance on QPP Depreciation Rules https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

Tax Returns: Spouses Can Be Guilty Until Proven Innocent https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

Individual tax calendar: Key deadlines for the remainder of 2026. To minimize potential interest and penalties and maximize tax-saving opportunities, look beyond April 15 to the tax-related deadlines you may face for the rest of 2026. https://t.co/5iJLGOIMqW

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Testing the Waters Before Jumping In When Considering a Merger or Acquisition https://t.co/5iJLGOIMqW

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There are a few more things to do once you’ve filed your 2025 income tax return https://t.co/5iJLGOIMqW

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FAQs about the research credit. The research credit isn’t just for labs or tech companies. Many businesses are missing out because they mistakenly assume they don’t qualify — or aren’t sure where to start. Learn how the credit works and what to consider. https://t.co/5iJLGOIMqW

[The Burns Firm, Ltd. @FirmCpa]

Why Now Is a Good Time to Review Your Withholding https://t.co/5iJLGOIMqW