Now that President Obama has been re-elected, see what tax issues you and your business are facing. This is brought to you by Bronswick Reicin Pollack CPAs and courtesy of CCH. Please click on the link at the bottom of this section. If you have any questions, please contact us. http://tax.cchgroup.com/downloads/files/PDFs/Legislation/postelection-taxpolicy.pdf ——————- Disclaimer: The information…
DetailsOctober 1, 2012 Jeffrey D. Bronswick, CPA, MBA JEFFREY D. BRONSWICK is the Managing Partner of Bronswick Reicin Pollack, Ltd. – Certified Public Accountants and Business Advisors (BRP). BRP works closely with entrepreneurial clients in helping guide their growth and financial success, assisting them with operational and financial issues, and in charting tax strategies…
DetailsDear Friends, Dramatic tax increases scheduled to go into effect in 2013 make 2012 tax planning imperative. The following taxes may be impacted: Not only are the Bush Administration tax cuts set to expire, but a new 3.8 percent surtax on investment income and a possible reinstated claw-back of itemized deductions could raise the tax…
DetailsBy: 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…
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