Insights by Author: Devin Witt

Section 174 Research Deduction Changes for 2022

November 19, 2021

Have you been deducting your R&D expenses as they occur? Starting in the new year, that…

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Can I Claim a Home Office Deduction During COVID?

August 11, 2020

Many of us have rearranged, redecorated, or reimagined our homes to convert them into office spaces…

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Tax Tips for Law Firms

January 31, 2020

Whether you’re a partner or an associate in a law firm, the IRS has rules that…

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Tax Deductions from Land Donations Under Scrutiny

January 16, 2020

The IRS announced that they will be keeping a watchful eye on certain land donation deals…

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CA, You’re Not Alone – Treasury Bans All SALT Deduction Workarounds

July 30, 2019

The Treasury Department and the IRS recently issued final regulations blocking all states from trying to…

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IRS Released Safe Harbor Guidance for Vehicle Deductions

April 3, 2019

The IRS recently released a safe harbor method that harmonizes 100% bonus depreciation with the annual…

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Teach Them Young – How to Leverage Summer Job Salaries

July 31, 2018

If you want to teach your child the value of a dollar this summer, take a…

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New Bill Delays Three Taxes

April 9, 2018

The president signed a “continuing resolution” on January 22, delaying three health-related taxes: the medical device…

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New Option for Claiming Research Credit

May 19, 2017

The IRS recently provided interim guidance to qualified small businesses on a new option for claiming…

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CA Partial Sales and Use Tax Exemption

August 26, 2014

As a way to encourage economic growth in California, a new tax law recently went into…

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Corporations Receive Tax Clarity for Offshore Profits

The IRS released highly-anticipated clarity for multinational corporations on how U.S. tax will be calculated on ...
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President Signs IRS Reform Bill

On July 1, President Trump signed into law the bipartisan IRS reform bill, the Taxpayer First ...
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Not-for-Profits Now Benefit from GAAP Alternatives

The Financial Accounting Standards Board (FASB) recently announced that it will now extend two of its ...
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Retirement Withdrawal Strategies

Are you retired or thinking about it? That probably means you are preparing to transition from ...
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Cloud-Based Versus On-Premise Software

Last month we announced our newest partnership with Acumatica to offer cloud-based ERP software services. But ...
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Lingering Uncertainties Post Tax Season

Now that April 15 has come and gone, have all of our tax reform questions been ...
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Team Member Spotlight

Congratulations to BPW Partner Tracey Solomon and BPW Supervisor Tiffany Ann Goodall on their recent awards ...
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BPW Named Best Place to Work

We are proud to have earned the recognition of Central Coast Best Places to Work by ...
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IRS Audits Decline for Millionaires and Large Businesses

IRS audits of wealthy taxpayers and big business are on the downtick, reaching record lows in ...
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DOL Revisits Overtime Rule in Proposal

On March 7, the Department of Labor (DOL) released a proposed rule that would raise the ...
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IRS Released Safe Harbor Guidance for Vehicle Deductions

The IRS recently released a safe harbor method that harmonizes 100% bonus depreciation with the annual ...
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Tax-Savvy Retirement Planning

With over 70 million baby boomers in the United States, how many are celebrating their 65th ...
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