Business Consulting and Planning

Differentiating Business Losses from Hobby Losses for Greater Tax Savings by Steven Rubin, CPA

Posted on July 24, 2025 by Steven Rubin

No matter how much income you earn each year, the IRS wants to know. This includes all the earnings you generate from a part-time gig selling products or services, pursuing a hobby or passion project, or as a full-time content creator or social media influencer. However, how the IRS will treat those activities – as […]

Podcast – BPB Knows the One Big Beautiful Bill

Posted on July 17, 2025

In this episode, Director of Tax Services Mike Greenwald, CPA, shares information about the OBBB and why planning is so important. To attend the July 31 webinar, register here.

Knowing When a Rental Property is Placed in Service is Key to Claiming Bonus Depreciation by Angie Adames, CPA

Posted on July 16, 2025 by Angie Adames

The expansion and permanent reinstatement of 100 percent bonus depreciation under the One Big Beautiful Bill Act (OBBBA) is a welcome change for rental real estate developers and owners, who can once again write off a larger portion of their costs for qualifying business assets upfront rather than spreading them out over the property’s useful […]

What Provisions of the One Big Beautiful Tax Bill Impact Businesses? by Michael Brennan, CPA

Posted on July 11, 2025 by Michael Brennan

The One Big Beautiful Tax Bill Act (OBBBA), signed into law on July 4, 2025, brings a myriad of tax benefits to businesses, small and large, including expanded deductions for depreciable property, research and development expenses and business interest expense. It also modifies taxes on foreign profits and sales of qualified small business stock while […]

Planning for the Expansion of Depreciation Deductions and Other Real Estate Planning Incentives Contained in the New Tax Law by Joshua P. Heberling, CPA

Posted on July 10, 2025 by Joshua Heberling

The U.S. government’s One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, contains a permanent reinstatement of 100 percent bonus depreciation and other tax-savings provisions that encourage businesses to invest in new assets. These tools enable businesses, including real estate owners and developers, to write off a greater portion of their […]

Podcast – BPB Knows International Financial Reporting Standards

Posted on July 03, 2025 by Mikel Gastaminsa

In this episode Associate Director of Assurance and Advisory Services Mikel Gastaminsa, CPA, shares the basics of IFRS, what multi-national companies need to look out for and strategies for staying in compliance.

Florida to Eliminate Sales Tax on Commercial Rent, Creating a More Business-Friendly Climate

Posted on July 01, 2025

Florida lawmakers recently approved House Bill (HB) 7031, calling for the full repeal of the state’s sales tax on commercial rent tax beginning on October 1, 2025. This change, which marks the end of a policy that has long been out of step with national norms, is expected to generate significant savings for Florida-based businesses […]

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

Posted on June 12, 2025 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 […]

Is Your Business Prepared for Hurricane Season? by Kevin McNally, JD

Posted on June 04, 2025 by Kevin McNally

Another hurricane season kicked off on June 1, reminding businesses along the Gulf and Eastern seaboards of the devastation that tropical-force winds and rain can inflict and their long-term impact on continuing normal business operations. The following checklist outlines best practices to help you protect and preserve your assets, mitigate losses before a storm strikes, […]

IRS Reverses Course on Regulations Concerning Partnerships’ Related-Party Basis-Shifting Transactions by Alex Keneiby, CPA

Posted on May 26, 2025 by Alex Keneiby

The IRS has announced its intention to withdraw final regulations issued just three months prior that would have imposed new reporting requirements on partnerships engaged in certain related-party basis-shifting transactions. By rescinding these regulations and the related penalties for noncompliance, the IRS aims to eliminate what it calls “complex” and “costly” compliance burdens on partnerships. […]

Category: Business Consulting and Planning