Business Owners

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 […]

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 […]

How will the 2025 One Big Beautiful Tax Bill Affect Individual Taxpayers? by Patti Giarritano, CPA

Posted on July 14, 2025 by Patricia Giarratano

On July 4, 2025, President Donald Trump signed into law a multi-trillion-dollar tax cut and spending bill, commonly referred to as the One Big, Beautiful Bill Act (OBBBA). The law extends many of the tax breaks included in Trump’s 2017 Tax Cuts and Jobs Act (TCJA), which were set to expire at the end of […]

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 […]

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.

Category: Business Owners