Business Consulting and Planning

Pittsburgh’s Tax on Visiting Athletes, Entertainers May Be on Last Leg by Luke Lucas, CPA

Posted on March 13, 2024 by Luke Lucas

Professional athletes and entertainers, like most taxpayers, must learn to navigate the often-treacherous federal tax code and a broad range of differing tax laws at the state and local level that can increase their tax liabilities and eat into their hard-played earnings. For athletes and entertainers who travel across the country for games and performances, […]

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.

SECURE Act 2.0 Brings More Changes to Employer-Sponsored Benefit Plans in 2024 by Melissa Fleitas, CPA

Posted on February 29, 2024 by Melissa Fleitas

The SECURE Act 2.0, passed into law in 2022, aims to reform the nation’s retirement savings system, making it easier for workers to save for their golden years and simplifying the rules employers must follow to administer retirement benefit plans for their employees. Following are some of the law’s provisions that take effect on Jan. […]

Podcast – BPB Knows Tracing Comingled Funds

Posted on February 01, 2024 by Joel Glick

In this episode Director of Forensic and Advisory Services Joel Glick shares instances and approaches to tracing comingled funds.

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 the Corporate Transparency Act

Posted on January 18, 2024 by Joel Young

In this episode Associate Director of Tax Services Joel Young shares the background of the Corporate Transparency Act and who business owners will need to report.

IRS Announces Inflation-Adjusted Individual Tax Rates for 2024 by Tony Gutierrez, CPA

Posted on January 11, 2024 by Anthony Gutierrez

The IRS released the annual cost-of-living adjustments to various provisions of the tax code for 2024. Marginal Income Tax Rates The following seven tax rates apply to income individuals earn in 2024. 37 percent for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly) 35 percent for incomes over $243,725 […]

Pain Points Persist for Qualified Opportunity Zone Investors, Developers by Arthur J. Lieberman

Posted on January 09, 2024 by Art Lieberman

Opportunity Funds are entering their seventh year since being introduced under the Tax Cuts and Jobs Act of 2017. While initial hiccups from slow guidance and COVID are now behind us, new issues, challenges and pain points continue to emerge for investors and sponsors. Tax Benefits of Qualified Opportunity Funds As a refresher, qualifying investments […]

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.

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 […]

Category: Business Consulting and Planning