Business Owners

Rooting Out Negative Influencers Within Your Organization by Richard A. Berkowitz, JD, CPA

Posted on January 23, 2025 by Richard Berkowitz

One of the most vexing problems encountered by growing companies is the identification and management of “underminers” who lurk silently in the shadows, sowing discontent and dissatisfaction that creates a negative drag on the business culture. Sometimes referred to as “bad apples” or “negative nellies,” these individuals engender pessimism, anxiety and insecurity among teammates in […]

Employers Face New Rules for Retirement Savings Plans in 2025 by Melissa Fleitas, CPA

Posted on January 21, 2025 by Melissa Fleitas

The passage of the SECURE Act 2.0 in 2022 introduced sweeping changes to help enhance taxpayers’ retirement savings opportunities and improve the costs and managerial headaches employers face administering employee benefits plans, including 401(k)s, 403(b) and 457(b) plans. Since that time, employers of all sizes have gained expanded tax credits for establishing employee retirement savings […]

IRS Sets Standard Mileage Rates for Vehicle Use in 2025 by Steven Rubin, CPA

Posted on January 14, 2025 by Steven Rubin

The IRS released the standard mileage rate taxpayers may use to determine the deductible costs of operating a motor vehicle for business, charitable and medical purposes in tax year 2025. Taxpayers also have the option to calculate these expenses based on the actual costs they incur to use their vehicles. Effective Jan. 1, 2025, the […]

IRS Announces 2025 Inflation Adjustments to the Tax Code by Jonathan Kraes, CPA

Posted on January 08, 2025 by Jonathan Kraes

Following are the annual inflation adjustments to various provisions of the tax code, which you will use when you file your 2025 federal income tax returns in 2026. It is important to recognize that some of these tax rates, deductions and exemptions will expire or reset at the end of the year under the Tax […]

UPDATED: IRS Updates Final and Proposed Regulations Related to Foreign Gains and Losses Under Section 987 by Jairan Shirazi

Posted on December 23, 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 M&A Transactions

Posted on December 19, 2024 by Fabio De Filippo

In this episode Director of Transaction Advisory Services Fabio De Filippo, CPA, shares considerations for business owners who are planning to sell their companies and the steps they should take to get everything in order to maximize opportunities,

The Role of Forensic Accountants in Real Estate Litigation by Scott Bouchner, CMA, CVA, CFE, CIRA, and Fernando R. Diaz, MBA

Posted on December 11, 2024 by Scott Bouchner

Real estate litigation involving disputes over financial mismanagement, theft and fraud require detailed analysis of financial records using various techniques, tools, and computer software to uncover the facts and assist in a resolution. These reports and the expert testimony of forensic accountants are critical to helping attorneys build their cases. Financial malfeasance and fraud can […]

Podcast – BPB Knows Pre-Immigration Planning

Posted on December 05, 2024 by Arthur Dichter

In this episode, Director of International Tax Services Arthur J. Dichter, JD, LLM, explains the basics of pre-immigration tax planning, why starting early is essential and how individuals and families can prepare.

Surprise! Modifying an Irrevocable Trust is Possible by Sarah Gaymon, CPA

Posted on December 04, 2024 by Sarah Gaymon

As its name implies, the terms of an irrevocable trust are generally intended to be set in stone and, therefore, unchangeable without a costly legal battle. However, as time passes, individuals’ lives and circumstances evolve along with the passage of new laws, making decisions from long ago seem outdated, unsuitable and often contrary to grantors […]

Podcast – BPB Knows Dealing with a Ransomware Attack

Posted on November 21, 2024 by Brandon Bowers

In this episode, Director of Managed Cyber Solutions Brandon Bowers explains how companies can protect themselves from ransomware attacks and the steps business owners should take if they are impacted.

Category: Business Owners