Financial Resources & News
Partnership Form 1065, K-1 Filings Move Up 30 Days
As we prepare for the 2017 tax season, Bronswick Benjamin would like to make sure you’re aware of important changes in due dates, including one that is moving up on the calendar to impact the vast majority of partnerships. Form 1065 (Return of Partnership...
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...
Congratulations to Jeff Bronswick on being re-appointed to the Illinois CPA Society Taxation Flow-through Committee
Congratulations to Jeff Bronswick, managing partner of Bronswick Reicin Pollack, on being re-appointed to serve on the Illinois CPA Society Taxation Flow-through Entities Committee. It is an important time to be a part of the changes and innovations occurring within...
Setting 2013 Goals and Budgeting to Meet Them
Setting Goals and Budgeting to Meet Them - By Jeffrey D. Bronswick, CPA, MBA Do you have your 2013 goals and budgets set yet? Many companies do but others have found that the day to day activities of running and working in their businesses have gotten in their way. ...
1099-MISC – Reporting Do’s and Don’ts – By Caleb Lendy
Do’s Do - Get a W-9 from each independent contractor/service provider when you start a working relationship with them. It saves time and effort down the road, and you won’t have to track them down last minute. Do - Report payments made to individuals, partnerships,...
What you need to know from the 2012 American Taxpayer Relief Act
Dear Clients and Friends: After weeks, indeed months of proposals and counter-proposals, seemingly endless negotiations and down-to-the-wire drama, Congress has passed legislation to avert the tax side of the so-called “fiscal cliff.” The American Taxpayer Relief Act...
The Value of a CPA Really Adds Up
Taxes are complicated. Choosing a tax professional to help you shouldn’t be. This time of year there are many different types of preparers offering tax return assistance. However, no one matches the value that a licensed Certified Public Accountant (CPA) can deliver....