Business Owners

New Sales Tax on Services Expands Washington State’s Tax Base by Christian J. Burgos, CMI, JD, LLM

Posted on October 09, 2025 by Christian Burgos

Under a new law that took effect on Oct. 1, 2025, the state of Washington is imposing and collecting retail sales tax on certain business activities that were previously exempt from taxation. Vendors providing services, such as advertising, IT support and temporary staffing, must prepare their businesses to comply with the law and begin collecting […]

How Florida Real Estate Contractors Survive Sales and Use Tax Audits by Carl Richie, CPA

Posted on October 07, 2025 by Carl Richie

Sales and use tax audits of Florida construction and building contractors are becoming increasingly common, due, in part, to the complexity of the state’s laws governing the taxability of their services and the nature of the work they do. While no business wants to be audited, there are key issues contractors must understand to help […]

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

Posted on September 17, 2025 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 […]

Provisions of the One Big Beautiful Bill Act Impacting Tax-Exempt Organizations by Adam Cohen, CPA

Posted on September 09, 2025 by Adam Cohen

The July 4, 2025, enactment of the One Big Beautiful Bill Act (OBBBA) amends the tax code and its impact on not-for-profit entities. These include changes to charitable deductions and an extension of excise taxes on highly compensated employees and net investment income for private colleges and universities. Charitable Deductions The OBBBA retains charitable deductions […]

New Tax Law Makes Significant Changes to How Residential Real Estate Developers Recognize Revenue on Construction Contracts by Arthur J. Lieberman

Posted on August 28, 2025 by Art Lieberman

Among the various provisions of the new tax and spending bill is a significant change to the tax accounting method condo developers must use to recognize income, removing a significant irritant to developers’ cash flow and tax efficiency. Background Developers of single-family homes and townhouses historically had the option to use the complete contract method […]

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

Posted on August 25, 2025 by Maxwell Jewell

Taxpayers in high-income-tax states breathed a collective sigh of relief with the July 2025 passage of the One Big Beautiful Bill (OBBB), which provides a temporary increase to the cap on the state and local tax (SALT) deduction from $10,000 to $40,000 in 2025 through 2029, subject to income limitations. While the new law preserves […]

Podcast – BPB Knows Accounting Rule Changes for Real Estate Developers

Posted on August 21, 2025 by Art Lieberman

In this episode Real Estate Tax Director Art Lieberman explains the percentage of completion method of accounting, why it’s going away and why this is so valuable for condo developers.

Energy Efficiency Tax Credits Phase Out Faster Than Planned Under New Tax Law by Adam Fisher, CPA

Posted on August 14, 2025 by Adam Fisher

The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, makes dramatic changes to prior tax laws that encouraged individual and business taxpayers to invest in clean energy solutions that reduce carbon emissions. In many cases, taxpayers have a very narrow window of opportunity to claim these credits that are expiring at a much […]

New Tax Law Makes Opportunity Zones Permanent by Alex Keneiby, CPA

Posted on August 13, 2025 by Alex Keneiby

The enactment of the One Big Beautiful Bill (OBBB) redefines and makes permanent the Qualified Opportunity Zone (QOZ) program introduced in 2017, ushering in new tax benefits for a broader range of qualifying investors. Background The Tax Cuts and Jobs Act (TCJA) introduced the concept of Qualified Opportunity Zones (QOZs) to help incentivize private investment […]

Qualifying as a Real Estate Professional Can Yield Greater Tax Benefits for Property Owners, Investors by Alex Keneiby, CPA

Posted on July 30, 2025 by Alex Keneiby

Real estate has always been a reliable investment for diversifying one’s portfolio, hedging against inflation and creating a steady stream of passive income from an asset with potential long-term appreciation. Property ownership and management also come with an array of tax advantages that can reduce taxable income and even enable the deferral of capital gains […]

Category: Business Owners