You Are Always in a State of Evolution
Evolution Often Requires…
Market change is inevitable and Bronswick Benjamin is here to help your company adapt. We offer a fresh perspective and become your trusted advisor to help you anticipate possible changes and make recommendations on how to best move forward.
Understanding your CSFs that drive value and the KPIs that measure progress are keys to helping you make informed decisions for your company. Just like your business evolves, so do the metrics to measure progress towards your goals.
Our firm works in tandem with clients to help execute our recommendations. Whether it be the acquisition of a business, profit enhancement ideas, new software, financing needs, or outsourcing your accounting operations, we will make your life easier.
Building Client Value
We look to build the value of our clients with every action we take. Our professionals look beyond the required tax return filings and financial statement work. They seek to identify opportunities to:
- Increase profitability
- Optimize processes
- Reduce risk
Our team uses a different lens when looking at your business. Whenever possible we provide insight on how to overcome obstacles and evaluate new opportunities.
Financial Resources and News
Stay up to date with firm wide news and industry happenings.
The Child Tax Credit - Updated Guidance The IRS updated its factsheet regarding the Child Tax Credit again on March 8, 2022. As part of the American Rescue Plan Act, the Child Tax Credit (“CTC”) was expanded for the 2021 tax year by offering families advance monthly...
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, which created Accounting Standards Codification (ASC) Section 842, Leases (“ASC 842”). This new standard provides significant updated guidance for how non-public business entities account for operating and capital leases.
Earlier this year, Illinois enacted a pass-through entity tax (PTE) that allows S Corporation and partnerships to elect to be taxed at entity level for income that otherwise would have been payable and deductible by its partners / shareholders. With this election, the tax on the business income is now considered imposed on the S-Corporation or Partnership instead of the individual owner(s) and thus deductible for federal income tax purposes.