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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New Overtime Rule May Impact Your Business

In 2014, President Obama instructed the Secretary of Labor to update the overtime regulations under the ...
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Safe Harbor Benefits Restaurant and Retail Industry

There has been a lot of discussion surrounding Tangible Property Regulations—from implementing the new regulations to ...
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Danna McGrew Named to the Board of Directors for the Scholarship Foundation of Santa Barbara

BPW Partner, Danna McGrew, was recently named to the Scholarship Foundation of Santa Barbara’s Board of ...
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Bridget Foreman Named One of the Top 50 Women in Business

Congratulations to BPW Partner, Bridget Foreman, who was named one of the Top 50 Women in ...
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Reporting Requirements When Hiring Independent Contractors

Does your business hire independent contractors? If so, are you filing all that you need to ...
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California Franchise Tax Board Launches New Version of MyFTB

This January the California Franchise Tax Board (FTB) launched a new and improved version of MyFTB. ...
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Moving Forward with SSARS 21

December 15, 2015 marked an important date in accounting and review standards history. One of the ...
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Scott Hadley Named Who’s Who in Business Leadership

 The Pacific Coast Business Times named BPW Managing Partner, Scott Hadley, as one of the 2016 ...
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New Year Brings New Partners & Promotions

With the New Year brings exciting news at BPW. Not only did three team members receive ...
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The Risks of Debt-Forgiveness Programs

With the ever-rising cost of education, students are forced to take on more and more debt. ...
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IRS Announces Various Tax Benefit Increases for 2016

For tax year 2016, the IRS recently announced many annual inflation adjustments. IRS Revenue Procedure 2015-53 ...
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2015 Tax Extenders Passed

On December 18, the Senate passed — and the President signed into law — the Protecting ...
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