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,…

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…

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…

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…

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…

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…

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…

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…

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…

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.…

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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Being Skeptical: Is it Really a Bad Thing?

We have all met people who we would consider a "Debbie Downer" or a "Doubting Thomas." ...
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Your Documents: Where You Need Them, When You Need Them

When you think about what the biggest bottlenecks are in your organization, there's a good chance ...
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Preventing and Detecting Fraud in Your Organization

According to the Association of Certified Fraud Examiners' 2014 Fraud Study, Report to the Nations on ...
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Tax Deadline Reminder: FBARs Due by June 30

The deadline is fast approaching for certain taxpayers to report accounts they hold in foreign banks ...
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Eileen Sheridan Featured in CalCPA Magazine

We are pleased to spotlight Partner Eileen Sheridan on the cover of last month’s California CPA ...
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Small Business Reprieve on Health Premium Reimbursement Plans

Historically, companies that wanted their employees to be protected with health coverage, but didn't want the ...
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