By Jeff Bronswick, Managing Partner, Bronswick Reicin Pollack, Ltd., CPAs The IRS recently issued final regulations that clarify when business owners can deduct the cost of acquiring, producing or repairing tangible property. For example, the costs of resurfacing a floor to keep the property in good condition would likely be deducted immediately, whereas the addition…
DetailsBy Jeff Bronswick, Managing Partner of Bronswick Reicin Pollack, Ltd., CPAs Did you know that you can claim a tax credit for expenses incurred in the development of new, improved and more reliable products, processes and formulas? This often overlooked incentive is available to new and long-established businesses and for new and expanding research and development…
DetailsBy Jeff Bronswick, Managing Partner of Bronswick Reicin Pollack, Ltd., CPAs jbronswick@BRP-CPAs.com If your business is anything like most businesses, budgeting is one of those things that you are committed to doing, but time has a different plan. As a business executive, you know the importance of creating a budget that matches your business’ strategic plans…
DetailsBy Caleb Lendy, BRP- CPAs 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, and estates. Do – Send…
DetailsIntro by Jeff Bronswick, Managing Partner of Bronswick Reicin Pollack: Friends – Loyd Ivey is President and CEO of the Mitek Communications and Electronics Group, a privately held enterprise that includes industry-leading consumer and commercial audio brands like MTX Audio, Atlas Sound, IED, and several others. No matter the innovation, Mr. Ivey has been a…
DetailsFOR IMMEDIATE RELEASE Media Inquiries Jeffrey D. Bronswick Managing Partner Bronswick Reicin Pollack, Ltd. info@brp-cpas.com (847) 808-9800 Local CPA firm Bronswick Reicin Pollack, Ltd. (BRP), congratulates Charles Martin, Jr. on recently obtaining his CPA (Certified Public Accountant) license. We commend his achievement and dedication to our firm and our profession. We appreciate how hard Charles…
DetailsAuthor: Irving Mangurten, Principal While divorce isn’t something that any couple aspires for going into a relationship, it is something that winds up happening more than we would like to admit. You’ve probably heard the number 50% of marriages end in divorce statistic thrown around, and while that isn’t exactly accurate, the number of divorces…
DetailsBRP Guest Blog Intro by Jeff Bronswick, Managing Partner of Bronswick Reicin Pollack: Friends – I would like to introduce you to an outstanding individual, Loyd Ivey. Loyd has been a mentor to me since my early years as an accounting professional. Loyd Ivey is President and CEO of the Mitek Communications and Electronics Group,…
DetailsPart 2 in a 4 part series outlining Business Valuation, M&A and Exit Strategy. Author: Jeff Bronswick Acquisitions and Transactions are not just for Big Companies If you read the Wall Street Journal or listen to Bloomberg, you hear about what seems like endless mergers and acquisition activity going on, especially among large companies. Lately…
DetailsBy Jeff Bronswick, Managing Partner If your business is anything like most small businesses I know, budgeting is one of those things that you are committed to doing, but time has a different plan. Meaning… You now you need to be creating a budget that matches your business’ strategic plans and ongoing operation, however amidst running your business,…
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