By: Michael Brody, CPA Having a great idea is not the only thing you will need when starting a business. Here are three important items all future business owners need to consider before they open their doors. Choice of Entity: There are several different types of entities to choose from, ranging from the sole proprietorship (one owner) to…
DetailsBy: Jeffrey Bronswick, CPA, MBA In an ever changing business environment where food prices are rising, competition is increasing and margins are shrinking, it is important to take advantage of all of the tax benefits available to help restaurant owners. However, when owners do not get the proper guidance, you miss opportunities that can improve…
DetailsBy: Jack Knopoff (JKnopoff@BRP-CPAs.com) August, 2012 A tax case just came across my desk indicating that an inherited IRA distribution from a taxpayer’s deceased mother’s IRA was determined to be taxable income. The daughter had attempted to rollover the IRA distribution into her IRA account; the tax code denies rollover treatment of an inherited IRA. If…
DetailsBronswick Reicin Pollack would like to welcome Charles Martin Jr. to its team of professionals. He will be a great asset to BRP clients as he has an excellent educational background and professional experience as a summer associate at a regional CPA firm. Charles recently graduated from the University of Illinois at Urbana-Champaign with…
Details6 Technology Trends Transforming The Workplace by Dan Newman Lately I have spent an inordinate amount of time thinking about what the workplace of the future may look like. For what seems like forever the workplace has been relatively unchanged. Cubicles, Offices, Meeting Rooms, Multipurpose Spaces; dependent on the size of the workplace it had…
DetailsOn June 28, 2012, the United States Supreme Court issued its long-awaited decision on the constitutionality of the Patient Protection and Affordable Care Act (PPACA) and its companion law, the Health Care and Education Reconciliation Act (HCERA). In a nutshell, the nation’s highest court upheld the law – except for certain Medicaid provisions. The 5…
DetailsProperty & Casualty for 2012 By Bill Shinn The insurance industry has been projecting an end to the soft market for property and casualty rates the last few years. Soft markets occur when premiums are lower due to market competition and high investment returns. For your business this trend means higher premiums especially regarding Workers…
DetailsRP&Co Friends, RP&Co and Jeff Bronswick are in Crain’s Chicago Business! The article, “The pros of hiring a part-time CFO”, dated October 17, 2011, discusses the benefits of utilizing CPAs as part-time financial managers. Whether a business is young and cannot afford a full-time staff person dedicated to financial reporting, or a business is growing…
DetailsAugust 2011 Congratulations to Phil Katzberg for Attaining a Certified Valuation Analyst Designation Phil Katzberg, CPA, CVA, MAS Congratulations to Phil Katzberg on recently obtaining the CVA (Certified Valuation Analyst) designation. We are proud to have Phil as a part of our firm, and his recent success in obtaining another certification further shows his dedication to…
DetailsJuly 2011 Congratulations to our Newest CPA Patrick McOmber, CPA, MAcc Congratulations to Patrick McOmber on recently obtaining a CPA (Certified Public Accountant) certificate, passing all four parts on his first attempt! We commend his achievement and dedication to our firm and our profession. We appreciate how hard Patrick has worked to reach this important…
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