Financial Resources & News
Transition Planning – Option 1 Selling Your Business
Transition Planning – Option 1 Selling Your Business When it comes to selling your business, there are more issues to address than most people think. Here are a few key items that impact an exit strategy: Understanding the value. Value is unique to each company,...
Supplies and Consumables Used in Manufacturing are Exempt from Illinois Sales and Use Tax Beginning July 1, 2019
Supplies and Consumables Used in Manufacturing are Exempt from Illinois Sales and Use Tax Beginning July 1, 2019 Recent tax legislation has expanded the manufacturing exemption to once again include production related tangible personal property. Illinois gives...
Be Aware of Electronic Fund Transfers
Fake Direct Deposit and Wire Transfers The IRS issued a fraud alert about a scam involving company expenses. An email requesting changes to payment instruction is sent from a company or name you will recognize. These changes often contain new bank account information...
Cash is King
Align Your Strategy Was Your Organization Successful This Past Year? The answer depends on how you define success. Publicly traded companies and nonprofits can answer it easily: higher equity value and achievement of their mission. Every owner of a private company...
What Trump’s First 100 Days May Mean For Your Taxes
What will President-elect’s tax plan mean for your business and on an individual household level? BB takes a closer look at what the first 100 days of the Trump Presidency (and beyond) may imply for your plans ahead. On The Business Front: A 20% reduction of the...
Recent Extension to the Application of the Work Opportunity Tax Credit
WOTC Additional Extension 2016 by www.bdo.com Congress recently extended the application of the work opportunity tax credit (the “WOTC”) to an employee who began working after December 31, 2014, and before January 1, 2020. Because the extension was not enacted until...
The Affordable Care Act Six Years Later
Success or Failure? by John Green and Steven Shill, www.bdo.com The Affordable Care Act (ACA or, colloquially, Obamacare) was passed into law on March 23, 2010. To say that the ACA has generated a considerable amount of controversy over the past six years would be an...
IRS Phone Scam
Scam Alert: That’s Not The IRS Calling.We continue to see a rise in the number and sophistication of phone scams, with the IRS issuing a new alert we’d like to pass along to our valued clients of Bronswick Reicin Pollack. It’s important for you to understand the...
Bronswick Reicin Pollack Ltd. Promotes Caleb Lendy to Manager
Veteran CPA appointed to leadership position as firm grows throughout the Chicagoland areaBRP is proud to announce the appointment of Caleb D. Lendy to the role of Manager see bio, where he will be responsible for overseeing the work of the firm’s CPAs as well as...