Business Owners

Florida to Eliminate Sales Tax on Commercial Rent, Creating a More Business-Friendly Climate by Karen A. Lake, CPA

Posted on July 01, 2025 by Karen Lake

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 […]

The Basics of EBITDA for Determining Business Value and Ultimate Sales Price By Fabio De Filippo, CPA

Posted on June 25, 2025 by Fabio De Filippo

One of the first factors to consider when planning for the eventual sale of your company is the entity’s estimated value, or the amount a buyer is willing to pay for the business’s assets, liabilities, and all the risks associated with that purchase. While there are many valuation methods for making this determination, EBITDA (“earnings […]

Podcast – BPB Knows Protecting Yourself from Tax Scams

Posted on June 19, 2025 by Angie Adames

In this episode Director of Tax Services Angie Adames, CPA, shares an overview of the IRS’ most common tax scams and ways to protect yourself.

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, […]

Podcast – BPB Knows FIRPTA Issues

Posted on May 15, 2025 by Joel Young

In this episode Associate Director of Tax Services Joel Young, JD, LLM, shares an overview of FIRPTA, the goals of the program and who might make a misstep.

New York Rules Again Against Taxpayer’s Sales Tax Exemption from Information Services by Jeremy Katz, JD, MBA, LLM

Posted on May 07, 2025 by Jeremy Katz

In a recent decision by the New York State Court of Appeals, an advertising research firm is liable for $2.3 million in unpaid sales tax for information services it provided to its customers over a three-year period. According to the court, Dynamic Logic Inc. (Dynamic) had erroneously treated one of its information services products as […]

There’s a New Way to Supercharge Your Retirement Savings At Ages 60 to 63 by Allysa Labianco-Baldoquin, CPA

Posted on April 22, 2025 by Allysa Labianco-Baldoquin

If you are between the ages of 60 and 63 in 2025 or later, there’s good news: you can give your retirement savings a significant boost, thanks to new changes in retirement contribution rules. Historically, the tax laws cap the annual contribution limits to 401(k), 403(b) and other qualified retirement plans. They also provide additional […]

6 Things to Know About Estimated Tax Payments by Yovanny Hernandez, CPA

Posted on April 16, 2025 by Yovanny Hernandez

U.S. taxes are based on a pay-as-you-go system, in which individuals either have taxes withheld from their paychecks or make estimated tax payments directly to the IRS four times a year. These quarterly tax payments made every three months typically apply to business owners subject to self-employment tax and to individuals who receive income in […]

Planning Around Changes to the Cap on Deductions for State and Local Taxes by Luke Lucas, CPA

Posted on April 10, 2025 by Luke Lucas

The $10,000 annual cap on state and local tax (SALT) deductions introduced to the tax code in 2017 during President Trump’s first term is set to expire at the end of 2025. That could be good news for top-earning taxpayers in high-tax states, including California, Connecticut, New Jersey and New York, who have had to […]

Category: Business Owners