Business Owners

IRS Increases Retirement Plan Contribution Limits for 2023 by Jack Winter, CPA/PFS, CFP

Posted on December 08, 2022 by Jack Winter

The IRS recently released its annual cost-of-living adjustments for retirement savers, increasing the annual limits participants can contribute to those plans in 2023. Employer-Sponsored Retirement Plans The maximum amount you may contribute via salary deferral to an employer-sponsored 401(k) or 403(b) retirement savings plan in 2023 is $22,500, up from $20,500 last year. If you […]

Podcast – BPB Knows Outsourced Accounting Solutions

Posted on December 01, 2022 by Debra Sears

In this episode Associate Director of Managed Solutions and Technology Debra Sears explains the firm’s outsourced solutions for individuals and growing companies.

Year-End Tax Planning Amid Economic Uncertainty by Tony Gutierrez, CPA

Posted on November 29, 2022 by Anthony Gutierrez

Once again, year-end tax planning is complicated by an uncertain economic landscape. Despite a year of strong job growth and consumer spending, persistent inflation, rising interest rates and market volatility have stoked fears of an impending recession. On the political front, the November mid-term elections have left the country with a divided Congress that will […]

Podcast – BPB Knows Cross-Border M&A Transactions

Posted on November 03, 2022

In this episode Associate Director of Tax Services Tony Huber explains some of the nuances of international mergers and acquisitions.

Tax Treatment of Casualty Losses and Casualty Gains from Hurricanes Ian, Fiona by Arthur J. Lieberman

Posted on November 02, 2022 by Art Lieberman

Taxpayers are often unaware of how the tax code treats property damage and losses they sustain from natural disasters, such as the recent hurricanes across Florida, the Carolinas and Puerto Rico. Many taxpayers are also surprised to learn that when insurance proceeds or other recoveries exceed the tax basis of damaged property, they may incur a taxable […]

Is Time Running Out for Businesses to Buy Private Aircraft? by Angie Adames, CPA

Posted on October 24, 2022 by Angie Adames

Corporate aircraft sales that soared during the pandemic slowed slightly in 2022 as fears of a recession continue to weigh on business sentiment. While many companies will sit on the sidelines and take a wait-and-see approach before purchasing a private jet in 2023, others will act before the end of the year, and yield significant […]

Podcast – BPB Knows Family Office

Posted on October 20, 2022 by Heath Standorf

In this episode Associate Director of Family Office Services Heath Standorf explains how high-net-worth families benefit from family office services.

Important Considerations for Adapting to Evolving Market Demands and Changing Business Models by Hector E. Aguililla, CPA

Posted on October 19, 2022 by Hector Aguililla

The pandemic and subsequent months of economic uncertainty have proven that change is the one constant business leaders must accept and continually prepare for, not only to survive, but also to thrive over the long term. While changes may involve modifications to specific segments of a business, such as narrowing or expanding geographic distribution, products […]

Pre-Immigration Planning: Understanding U.S. Income Tax Residency Status by Pedro L. Porras, CPA

Posted on October 13, 2022 by Pedro Porras

Immigrations laws in the U.S. differ from the country’s tax laws, which require individuals to report and pay federal income tax based upon the government’s classification of their residency status. While it is not uncommon for someone to live in the U.S. without establishing residency for tax purposes, it is important to recognize when this […]

What is an Opportunity Zone? by Alex Keneiby, CPA

Posted on October 11, 2022 by Alex Keneiby

At the end of 2017, the Tax Cuts and Jobs Act introduced the concept of Qualified Opportunity Zones (QOZs) to help incentivize private investment into revitalizing economically distressed communities throughout the U.S., the District of Columbia and five U.S. territories. In return for their investments into these state designated QOZs, private individuals and businesses can […]

Category: Business Owners