Category: Business Owners

Business Owners

IRS Expands Business Tax Account Tools to Assist Entrepreneurial Business Owners, Partners, Shareholders by Claribel Velazquez


Posted on March 28, 2024 by Claribel Velazquez

The IRS introduced Business Online Accounts in the Fall of 2023 to provide small businesses with an easy-to-use, self-service method for interacting with the agency and accessing their tax transcripts in real time. The free online tool is a part of the agency’s efforts under the Inflation Reduction Act (IRA) to modernize and improve its […]

Podcast – BPB Knows Cash Flow Management


Posted on March 05, 2024

On today’s episode Associate Director Debra Sears shares her thoughts about the importance of cash flow and strategies for making improvements.

IRS Sets Standard Mileage Rates for Vehicle Use in 2024 by Steven Rubin, CPA


Posted on January 22, 2024 by Steven Rubin

The IRS announced the inflation adjustments taxpayers may use to determine the deductible costs of operating a motor vehicle for business, charitable and medical purposes in tax year 2024. Taxpayers also have the option to calculate these expenses based on the actual costs they incur to use their vehicles. Effective Jan. 1, 2024, the standard […]

Podcast – BPB Knows Recruiting


Posted on January 04, 2024 by Joseph Saka

In this episode, head of recruiting Mari-Luque Hanchett talks about what makes a successful recruiting strategy and how we assist clients in filling executive and professional roles.

IRS Sets Retirement Savings Plan Contribution Limits for 2024 by Jonathan Kraes, CPA


Posted on December 27, 2023 by Jonathan Kraes

The IRS’s 2024 cost-of-living adjustments for retirement savers include higher annual contribution limits to 401(k) plans and Individual Retirement Accounts (IRAs) along with higher income limits for individuals to qualify for tax-deductible contributions to traditional IRAs and taxable contribution to Roth IRAs. Employer-Sponsored Retirement Plans In 2024, employees may contribute up to $23,000 into workplace […]

New eFiling Requirement for Businesses that Receive Cash Payment of More than $10,000 by Cherry Laufenberg, CPA


Posted on November 28, 2023 by Cherry Laufenberg

Certain businesses receiving cash payments exceeding $10,000 must electronically file IRS Form 8300 beginning on Jan. 1, 2024, rather than filing a paper return. According to the IRS, although many cash transactions are legitimate, Form 8300 aims to combat tax evasion, drug trade, terrorism financing and other criminal activities. The new reporting requirement applies to […]

Motivating the Next Generation of Leaders to Maintain Culture in Hybrid Work Environments by Richard A. Berkowitz, JD, CPA


Posted on November 21, 2023 by Richard Berkowitz

Many businesses are tightening their flexible work policies, trying to coax remote employees to return to their offices in person to collaborate with their peers and build their careers. One of the unique ironies of this past summer occurred when Zoom, the videoconferencing platform that kept workers connected throughout the pandemic, announced it would require […]