Insights

With a properly executed estate plan, your wealth can be enjoyed by your children and even their children. But did you know that by using a dynasty trust you can extend the estate tax benefits for several generations, and perhaps indefinitely? A dynasty trust can protect your wealth from gift, estate and generation-skipping transfer (GST)…

The IRS recently released the updated version of allowable depreciation limits for business passenger vehicles and light duty trucks and vans placed in service in 2012. Deduction limitations have been increased by about $100 in comparison to those for 2011. The following outlines the 2012 depreciation limits for passenger vehicles and light duty trucks and…

As of May 1, the Social Security Administration now provides workers, ages 18 and over, with access to their Social Security statements online. For the first time, workers can access their benefit information, Social Security earnings and expected payout via the Internet. With the exception of workers ages 60 or older, the Social Security office…

On April 5, President Obama signed into law the Jumpstart Our Business Startups Act (JOBS Act), which aims to assist smaller companies entering public capital markets. The JOBS Act intends to do so by decreasing regulatory procedures, thereby allowing smaller businesses to enter capital markets more quickly. So what does the JOBS Act mean for…

“Plan the work and work the plan.” That’s what my grandfather always used to tell me. Implementing CRM (Customer Relationship Management) boils down to these same basic principles. With so many CRM product choices in the marketplace, it’s easy to be overwhelmed with choosing the right one. After all, they make it sound so easy;…

The State Board of Equalization (BOE) is taking a new approach to collect California sales and use tax and has been ramping up their enforcement in this area to identify purchasers who may owe use tax. At BPW, we are seeing more and more of our clients receive letters from the BOE instructing them to…

On February 22, 2012, President Obama signed into law a bill extending payroll tax cuts and unemployment benefits through 2012, and preventing a pay cut for doctors who accept Medicare, ending a bitter fight over a measure aimed at boosting the tepid US economic recovery. The extension will keep the employee portion of the Social…

“If you can’t measure it, you can’t manage it.” This well-known quotation can be applied to the medical practice today as payer reimbursements and collections are falling. The best way to tackle this issue is to measure your financial data. By analyzing financial data in your practice management system over a period of time, you…

We are hearing more and more about cases of identity theft. In the 2011 Identity Fraud Survey Report, it states that in 2010 the number of identity fraud cases affected 8.1 million adults. At BPW, we have seen numerous cases of our clients being “solicited” by phony emails, from what at first glance appear to…

On Tuesday, January 17, 2013 we held our annual Tax Season Kick Off Breakfast to ring in the season! This video was created to showcase some of our initiatives over the past year and highlight what makes BPW so different from the rest. BPW is more than just an accounting firm. Watch the video to…