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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IRS Increases Tangible Property Expensing Threshold for Small Businesses

Good news for small businesses: On November 24, 2015, the IRS announced an increase in the ...
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Tax Benefits of Vacation Rentals

In light of recent news on the regulation of vacation rentals, it is important to know ...
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Danna McGrew and Jacob Sheffield Named Who’s Who in Professional Services

The Pacific Coast Business Times just named BPW Partner, Danna McGrew, and Senior Manager, Jacob Sheffield, ...
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How doc-link Document Management Saves You Time and Money in the Audit Process

October is here and that means lots of trick and/or treats, year-end audits, bowls full of ...
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Homeowner Tax Deductions – A Housewarming Gift from Your Accountant

Purchasing a new home can be an exciting time, especially if it is your first. It ...
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2015 Year-End Tax Planning for Businesses

With the end of 2015 in sight, businesses have already started to gear up for next ...
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2015 Year-End Tax Planning for Individuals

The first day of Fall is our signal to begin year-end tax planning. While the 2015 ...
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Team Member Spotlight

Congratulations to our team members on their recent promotions! 2015 proved to be a successful year ...
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Make Green ($) by Going Green with doc-link, Document Imaging Software

Have you noticed how the Accounts Payable world is starting to move from the hard copy ...
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Stacey Gumley Named One of the 40 Under 40

Congratulations to BPW Audit Manager, Stacey Gumley, who was recently named one of the 2015 40 ...
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Rules on Deducting Business Start-Up Expenses

A recent U.S. Tax Court decision drives home the important point that current deductions aren't allowed ...
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Tangible Asset and Repair Regulations Reminder

Reminder: September 15th and October 15th are the deadlines to file Forms 3115 to proactively comply ...
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