Business Consulting and Planning

Inflation Reduction Act Proposes Limits to Tax Benefits of Carried Interest by John G. Ebenger, CPA

Posted on August 02, 2022 by John Ebenger

During the last week of July, Democrats in the U.S. Senate introduced the Inflation Reduction Act of 2022, which provides a new package of spending and tax measures designed to decrease the federal deficit while expanding adoption of clean energy, health insurance coverage and IRS compliance efforts. Among the policy changes recommended to help pay […]

Employer Benefit Plan Sponsors Face New Audit Requirements by Melissa Fleitas, CPA

Posted on June 27, 2022 by Melissa Fleitas

The July 31 deadline for businesses to file annual employee benefit plan returns (or request a two and a half month filing extension) is right around the corner. While all employers offering defined contribution plans will find a few changes to the information reporting requirements found on IRS Form 5500, those with 100 or more […]

Podcast – BPB Knows SOC Reporting

Posted on June 02, 2022

In this episode Director of Consulting Services Steve Nouss explains the various types of SOC reports. Companies that have their processes reviewed under SOC standards give peace of mind to vendors and customers.

Now is the Time to Prepare Your Business for Hurricane Season by Daniel S. Hughes, CPA/CFF/CGMA, CVA

Posted on May 23, 2022 by Daniel Hughes

June 1 marks the start of the Atlantic hurricane season and the potential for tropical force winds and heavy rainfall to damage property and impede business operations. The key to minimizing losses and getting your company back up and running after a storm is to have an actionable plan in place before the National Weather […]

Owning and Selling C Corporations vs. S Corporations by David E. Kolan, CPA

Posted on May 18, 2022 by David Kolan

The pandemic has spurred a tsunami of entrepreneurial new businesses. According to the U.S. Census Bureau, a record 5.4 million new business applications were filed in 2021, compared to 4.4. million in 2020 compared to 3.5 million before the pandemic in 2019. Whether these ventures will prove successful remains to be seen, but each one […]

Podcast – BPB Knows Credits and Incentives

Posted on May 05, 2022 by Karen Lake

In this episode Director of Tax Services Karen Lake shares information about SALT, state and local tax credits, work opportunity tax credits and more.

Podcast – BPB Knows Business Valuations

Posted on April 07, 2022 by Scott Bouchner

In this episode Director of Forensic and Advisory Services Scott Bouchner explains business valuations, when they are useful and how to get started.

IRS Updates Tax Reporting Requirements for Carried Interest by Angie Adames, CPA

Posted on April 05, 2022 by Angie Adames

At the end of 2021, the IRS issued new guidance for certain passthrough entities and other taxpayers to use for purposes of reporting applicable partnership interests (API) held in connection with the performance of services, also referred to as “carried interest.” The guidance, provided in the form of frequently asked questions (FAQs), updates final regulations […]

IRS Suspends Mailings of Some Tax Collection, Delinquent Return Notices by Arthur Dichter, JD, LLM

Posted on March 21, 2022 by Arthur Dichter

The IRS, buried under millions of unprocessed tax returns from tax year 2020, is suspending the automatic mailings of certain letters and notices it usually generates when it identifies individuals and businesses that failed to file required tax returns or that owe additional taxes. The announcement comes just weeks after the IRS began accepting tax […]

Last-Minute Tips to Cut Your Tax Bill by Jason Morely, CPA/PFS

Posted on March 18, 2022 by Jason Morley

Before filing your 2021 individual tax returns, consider if there is anything else you can do to reduce the taxes you owe Uncle Sam. While your annual tax liability is based primarily on the income you earned and the actions you took before December 31, 2021, you may qualify for a last-minute opportunity to cut […]

Category: Business Consulting and Planning