Business Owners

The Treatment of Fixed Costs and Overhead in Lost Profit Calculations by Scott Bouchner, CMA, CVA, CFE, CIRA

Posted on February 04, 2025 by Scott Bouchner

In commercial litigation matters involving contract disputes, claims of fraud, negligence, intellectual property infringement and other tort actions, lost profits may be an appropriate measure of damages to make the injured party financially whole provided the plaintiff can a) establish that the defendant’s actions caused the economic loss and b) the amount of the loss […]

Rooting Out Negative Influencers Within Your Organization by Richard A. Berkowitz, JD, CPA

Posted on January 23, 2025 by Richard Berkowitz

One of the most vexing problems encountered by growing companies is the identification and management of “underminers” who lurk silently in the shadows, sowing discontent and dissatisfaction that creates a negative drag on the business culture. Sometimes referred to as “bad apples” or “negative nellies,” these individuals engender pessimism, anxiety and insecurity among teammates in […]

Employers Face New Rules for Retirement Savings Plans in 2025 by Melissa Fleitas, CPA

Posted on January 21, 2025 by Melissa Fleitas

The passage of the SECURE Act 2.0 in 2022 introduced sweeping changes to help enhance taxpayers’ retirement savings opportunities and improve the costs and managerial headaches employers face administering employee benefits plans, including 401(k)s, 403(b) and 457(b) plans. Since that time, employers of all sizes have gained expanded tax credits for establishing employee retirement savings […]

IRS Sets Standard Mileage Rates for Vehicle Use in 2025 by Steven Rubin, CPA

Posted on January 14, 2025 by Steven Rubin

The IRS released the standard mileage rate taxpayers may use to determine the deductible costs of operating a motor vehicle for business, charitable and medical purposes in tax year 2025. Taxpayers also have the option to calculate these expenses based on the actual costs they incur to use their vehicles. Effective Jan. 1, 2025, the […]

IRS Announces 2025 Inflation Adjustments to the Tax Code by Jonathan Kraes, CPA

Posted on January 08, 2025 by Jonathan Kraes

Following are the annual inflation adjustments to various provisions of the tax code, which you will use when you file your 2025 federal income tax returns in 2026. It is important to recognize that some of these tax rates, deductions and exemptions will expire or reset at the end of the year under the Tax […]

UPDATED: IRS Updates Final and Proposed Regulations Related to Foreign Gains and Losses Under Section 987 by Jairan Shirazi

Posted on December 23, 2024 by Jairan Shirazi

One of the more challenging tax reporting requirements for multinational businesses is the translation of gains and losses of their foreign branch offices and qualified business units (QBUs) into their home country’s functional currency. This process is often complicated by exchange rate fluctuations, including currency devaluations, that can have a material impact on the principal […]

Podcast – BPB Knows M&A Transactions

Posted on December 19, 2024 by Fabio De Filippo

In this episode Director of Transaction Advisory Services Fabio De Filippo, CPA, shares considerations for business owners who are planning to sell their companies and the steps they should take to get everything in order to maximize opportunities,

Navigating the Pass-Through-Entity Tax as a Workaround to the State and Local Tax Deduction Limit by Maxwell Jewell, CPA, MST

Posted on December 16, 2024 by Maxwell Jewell

Since the enactment of the Tax Cuts and Jobs Act (TCJA) in 2017, several states have proposed optional pass-through entity taxes (PTETs) to help their residents escape the law’s $10,000 limit on deductions for state and local taxes (SALT) payments on their personal income tax returns. However, because the PTET requirements can vary widely from […]

The Role of Forensic Accountants in Real Estate Litigation by Scott Bouchner, CMA, CVA, CFE, CIRA, and Fernando R. Diaz, MBA

Posted on December 11, 2024 by Scott Bouchner

Real estate litigation involving disputes over financial mismanagement, theft and fraud require detailed analysis of financial records using various techniques, tools, and computer software to uncover the facts and assist in a resolution. These reports and the expert testimony of forensic accountants are critical to helping attorneys build their cases. Financial malfeasance and fraud can […]

4 Essential Steps to Position Your Business for a Successful Sale Before Commencing the Sale Process by Fabio De Filippo, CPA

Posted on December 10, 2024 by Fabio De Filippo

The Federal Reserve Bank reduced interest rates by .50 percent in September 2024 and by a quarter point in November 2024, its first cuts since the start of the pandemic. These announcements may signal a new cycle of lower borrowing costs and a heightened appetite for mergers and acquisition (M&A) activity that had slowed considerably […]

Category: Business Owners