Insights by Author: Jacob Sheffield, CPA, MST

Update on the Corporate Transparency Act: Court Suspends Reporting Requirements for Businesses

December 10, 2024

Less than one month before the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting deadline,…

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Year-End Tax Planning for Businesses

November 15, 2024

After a few years of relatively mild tax changes for most businesses, post-election results provide more…

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Corporate Transparency Act: What Small Businesses and Trusts Need to Know About New Reporting Requirements

January 19, 2024

Effective January 1, 2024, millions of privately-owned non-exempt corporations, limited liability companies and limited partnerships will…

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2022 Year-End Tax Planning for Businesses

November 9, 2022

It’s the time of year when we’re immersing ourselves in fall sports, thinking about the holiday…

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The Inflation Reduction Act and What It Means for You

September 9, 2022

The Inflation Reduction Act (the Act) was recently signed into law on Aug. 16 and contains…

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Important Changes to California’s Elective Pass-Through Entity Tax

February 23, 2022

California recently revised its SALT cap workaround to be more appealing for qualifying owners of S…

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Employees in Other States? Here are the Top Tax Implications to Consider

February 16, 2022

Return-to-office plans remain in a state of limbo as some employers find that a remote work…

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Year-End Tax Planning for Businesses

November 15, 2021

2021 brought a wave of new tax changes for businesses, and 2022 could bring yet another…

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On Your Mark, Small Businesses: Get Set to Reserve the 2021 Main Street Hiring Credit

October 28, 2021

The Main Street Hiring Credit has been reenacted for 2021, bringing financial relief to small businesses…

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How to Claim the Employee Retention Tax Credit

July 16, 2021

Congress created an employee retention tax credit to retain employees on their payroll during the pandemic.…

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Court Decision Favors Assessor Over Owner in Land vs. Building Valuation

The U.S. Tax Court recently ruled in support of the Los Angeles County Tax Assessor’s valuation ...
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Happy Retirement

A heartfelt tribute and our best wishes go out to retiring BPW Partner Elizabeth Boscacci. Liz has left an ...
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Social Security Changes in 2017

The Social Security Administration released a few changes to the program making an impact in 2017. ...
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Construction Companies Go Green

The construction industry has discovered that greening its energy sources with renewable energy initiatives is good ...
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New Option for Claiming Research Credit

The IRS recently provided interim guidance to qualified small businesses on a new option for claiming ...
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BPW Among Top 5 Best Places to Work

We are honored to be named in the Top 5 of the inaugural Central Coast Best ...
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Partner Spotlight

The Pacific Coast Business Times recently named BPW Partner Eileen Sheridan as one of the 2017 ...
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529 Plans: Saving for College

Now's the time to start saving for your child's higher education, and a 529 plan, named ...
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New Accounting Standard Brings Big Changes to Not-for-Profit Financial Reporting

Not-for-profit organizations will see big changes coming soon to their financial reporting. After years of discussion, ...
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Team Member Spotlight

Congratulations to our team members on their recent promotions! We had three team members receive promotions ...
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New Regulations for Internal-Use Software and R&D Credit

Due to recently finalized regulations, companies that develop software for their own internal use may now ...
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New Overtime Rule Put On Hold by Federal Injunction

A recent ruling by U.S. District Judge Mazzant has put a nationwide hold on the Department ...
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