Business Owners

Your Legacy Accounting Software May Be Costing More Than You Think by Shanna Shim, CPA

Posted on September 11, 2024 by Shanna Shim

When small and mid-size businesses assess their existing accounting systems, the adage “if it ain’t broke, don’t fix it” often comes to mind. After all, if employees are comfortable working with a solution that continues to function the way it is supposed to, why spend the dollars and resources to find and deploy a new […]

Podcast – BPB Knows Secure Act 2.0 Changes for Benefit Plan Sponsors

Posted on September 05, 2024 by Melissa Fleitas

In this episode, employee benefit plan audit expert Melissa Fleitas explains some of the changes plan sponsors will need to comply with in the next few years.

Cybersecurity Risk Assessments Critical to Helping Businesses Prevent Data Breaches by Brandon Bowers

Posted on September 03, 2024 by Brandon Bowers

Falling victim to a data breach that involves unauthorized access to a company’s confidential information can be especially costly for small and mid-size businesses in terms of lost revenue, loss of productivity and reputational damage. Yet even as the number of small businesses impacted by cyberattacks continues to rise, less than half have adopted cybersecurity […]

Podcast – BPB Knows 1031 Exchanges

Posted on August 29, 2024 by Yovanny Hernandez

In this episode, Senior Manager Yovanny Hernandez shares the details about 1031 exchanges and how they help real estate owners mitigate taxes..

The Deadline for Corporate Transparency Act Reporting is Fast Approaching – Have You Filed? by Joel G. Young, JD, LLM

Posted on August 23, 2024 by Joel Young

The Corporate Transparency Act (CTA)introduced a new requirement for existing corporations, LLCs, and some partnerships and business trusts to file by January 1, 2025, beneficial ownership information reports (BOIR) disclosing the identities of the individuals behind those entities. For companies established after January 1, 2024, an initial BOIR must be filed within 90 days of […]

IRS Updates Guidance Related to Foreign Gains and Losses Under Section 987 by Jairan Shirazi

Posted on August 07, 2024 by Jairan Shirazi

One of the more challenging tax reporting requirements for multinational businesses is the translation of gains and losses of their foreign branch offices and qualified business units (QBUs) into their home country’s functional currency. This process is often complicated by exchange rate fluctuations, including currency devaluations, that can have a material impact on the principal […]

Podcast – BPB Knows Electric Vehicle Tax Credits

Posted on August 01, 2024 by Brendan Kurpis

In this episode, associate tax director Brendan Kurpis explains electric vehicle tax credits and the common missteps.

Could Your Employees Identify and Stop a Phishing Attempt? by Brandon Bowers

Posted on July 25, 2024 by Brandon Bowers

Businesses and their employees are constantly bombarded by a rising threat of email and text scams that have resulted in millions of dollars in security breaches, lost data, stolen money, interruption to normal business operations and longer-term reputational damage. While businesses should bolster their defenses with a range of cybersecurity hardware and software solutions, they […]

Is Cash or Accrual Accounting Best for My Business Structure? by Shanna Shim, CPA

Posted on July 10, 2024 by Shanna Shim

Small and midsize businesses generally have two options for maintaining their financial books and records: the cash and accrual methods of accounting. While each approach offers businesses unique benefits at different stages of their life cycles, business owners must recognize when they should transition from one method of financial accounting to the other. The cash […]

Podcast – BPB Knows Non-Competes and M&A Transactions

Posted on July 03, 2024 by Fabio De Filippo

In this episode, Fabio De Filippo explains the recent ruling that bans non-competes, the M&A exemption and what might happen when the law goes into effect.

Category: Business Owners