Insights by Author: Jacob Sheffield, CPA, MST

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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Erroneous Notices from the IRS and States

February 26, 2021

Many clients have received CP59 Notices notifying them about missing Forms 1040 for the tax year 2019. In…

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Record Retention Guidelines and Policy Development

Although the topic of recordkeeping, including retention and destruction of records, may appear to be straightforward, ...
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IRS Debuts Final Repair Regs

To expense or capitalize? That is the question companies face when they acquire, produce or improve ...
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Ellyn Cole Named One of the 40 Under 40

Congratulations to Ellyn Cole, who was recently named one of the 40 Under 40 by the Pacific ...
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IRS Changes How Tips & Service Charges are Handled

As you may recall from a previous article, the new IRS rule on classifying tips and ...
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John Britton Honored by Rotary Club of Santa Barbara North

Santa Barbara, CA – BPW Partner, John Britton, was recently honored with the Vocational Service Award ...
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2013 Year-End Tax Planning for Businesses

I hope that you had the opportunity to read Elizabeth's blog article, where she discussed tax ...
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2013 Year-End Tax Planning for Individuals

As we near the end of 2013, now is an excellent time of year to review ...
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Points to Remember When Planning Your Estate

It is on your list of things to do, but something always comes up. Estate planning ...
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Proposed Changes to U.S. GAAP Could Reduce Burden on Private Companies

The Private Company Council (PCC) was established last year by the Financial Accounting Foundation (FAF) to ...
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BPW Donates to Develop Africa

BPW turned a printer mistake to good use by donating over 1,500 gold pens to school ...
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The Role of a Forensic Accountant in Today’s Business Climate

With the ever-changing business climate, we are seeing an evolving role for the forensic accountant. Going ...
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California Franchise Tax Board Strikes Again

One of the few benefits that entrepreneurs and investors were able to take advantage of in ...
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