Financial Resources & News
Trust, But Verify
Trust, But Verify There is significant debate over whether there is validity to a management style of “trust, but verify”. There is no debating, however, that the old Russian proverb makes sense in considering an entity’s operations. As much as a business owner can,...
The Strategy to Use for Your PPP Loan Forgiveness Process
Do not rush the process but be prepared for the forgiveness and the tax liability that may exist.
Session Overview. Identify the vital elements needed to maximize your loan forgiveness and understand what liability may exist with your PPP loan. We will walk through practical hands on examples of what you will need to do to guide compliance for pursuing forgiveness.
There is an income tax with your PPP loan
There is an income tax with your PPP loan. As of today, any expenditures made with PPP funding is not tax deductible. To give you a quick example of the potential impact let us examine a $250,000 PPP loan. Assuming you followed the rules and properly documented your...
Employee Payroll Tax Deferral Update
Employee Payroll Tax Deferral Update On August 28, 2020, the IRS issued Notice 2020-65 that provides some needed guidance for employers in regards to the employee payroll tax deferral described in the August 8, 2020 Presidential memorandum (often referred to as an...
Bronswick Benjamin is pleased to announce the promotion of Philip Katzberg and Carol Schubert
Bronswick Benjamin is pleased to announce the promotion of Philip Katzberg, CPA, CVA to the position of Principal and Carol Schubert, EA to the position of Supervisor and SALT (State and Local Tax) Specialist. Both Carol and Phil have many years of experience with...
80% of Research & Development Credits Are Not Claimed
80% of Research & Development Credits Are Not Claimed You May Be Eligible. Companies with employees or contractors who innovate by designing new or improved products, processes, or software may be eligible to claim research credits for tax savings. Think...
Welcome to Our Newest Partner Mitchell Cohen
Welcome to Our Newest Partner Mitchell Cohen Bronswick Benjamin P.C. is proud to welcome Mitchell Cohen as one of the newest additions to our team. He joins the firm as a new Partner and will participate in the overall growth of the firm. Mitchell’s experience lies in...
Jeff Bronswick of Bronswick Benjamin P.C. named “Managing Partner Elite” by Accounting Today Magazine!
Jeff Bronswick of Bronswick Benjamin P.C. named "Managing Partner Elite" by Accounting Today Magazine! Accounting Today, the national magazine for senior public accounting and tax professionals, just announced the list of the top 2018 Managing Partners. Bronswick...
Bronswick Benjamin Promotes Four Professionals to Senior Accountant
Bronswick Benjamin is pleased to announce the promotion of four of our professionals: Kiran Amlani, Dylan Creger, Elizabeth Hoffman and Susan Bruce will transition into their new roles as Senior Accountants. These promotions are very well deserved. All four team...