In the case of South Dakota vs Wayfair, the Supreme Court has sided with South Dakota and set precedent that sales tax may be collected from online purchases.
By Gabe Tsui – Tax Principal, CPA, JD IRS audits of taxpayers are seemingly on the rise. Keep in mind that the IRS will always initiate an inquiry with a written letter via U.S. mail. Ignore all those recorded messages and robocalls threatening that you owe money to the IRS, that a lawsuit has been[…]
The federal government and state revenue departments are continuing to substantially increase the number and scope of tax audits to secure more funds. All aspects of taxation from sales tax to customs charges are affected. Tax controversy is an area of practice that involves assisting taxpayers with representation before tax authorities.
Bronswick Benjamin P.C is proud to welcome Larry Baskin as one of the newest additions to their team. Larry will join the firm as a Principal and will support the firm’s overall growth in accounting, tax, business consulting, and M&A. His services center on entrepreneurial business owners including bank financing for business owners. Larry has[…]
Bronswick Benjamin P.C is proud to announce the promotion of John Allegretti, CPA, from Senior Accountant to Supervisor. John joined Bronswick Benjamin in December 2013 after gaining valuable experience in the manufacturing and private equity sectors. He leads tax and audit engagements for a variety of different industries including manufacturing, distribution, construction, tech, and medical.[…]
Bronswick Benjamin P.C is proud to announce Caleb Lendy, Manager, has earned a Master of Science in Taxation with Distinction from DePaul University. He completed the program with an impressive 3.9/4.0 GPA. DePaul’s program is structured for working professionals like Caleb to enhance understanding and analysis of complex tax statutes, tax regulations, related cases and[…]
On November 2, 2017, the House of Representatives released a draft tax reform bill titled the “Tax Cuts and Jobs Act.” The bill would reduce individual and business tax rates, would modify or eliminate a variety of itemized deductions as well as repeal the estate and alternative minimum taxes, and would change the taxation of[…]
Tax Reform, IRS, Court Decisions, and More Add to Uncertainties at Year-End Year-end 2017 presents a unique set of challenges for taxpayers. At the top of the list are the uncertainties created by the possibilities within proposed tax reform legislation – what changes might be made, and whether those changes would be retroactive for 2017.[…]
Bronswick Benjamin Congratulates Newest CPA Dylan Creger Bronswick Benjamin congratulates Dylan Creger on completing his CPA (Certified Public Accountant) license. We commend his achievement and dedication to our firm and our profession. Dylan began his career at Bronswick Benjamin as an intern through the Accounting Internship Scholarship Program. After earning his degree, Dylan became part[…]
The deadline is approaching for private companies to begin reporting using the new revenue recognition standard, and many may find themselves confronting the new standard a lot sooner than they had expected. Almost all companies will be affected to some extent by the new guidance, though the effect will vary depending on industry and current[…]