Tax Reform, IRS, Court Decisions, and More Add to Uncertainties at Year-End Year-end 2017 presents a unique set of challenges for taxpayers. At the top of the list are the uncertainties created by the possibilities within proposed tax reform legislation – what changes might be made, and whether those changes would be retroactive for 2017.…
Bronswick Benjamin Congratulates Newest CPA Dylan Creger Bronswick Benjamin congratulates Dylan Creger on completing his CPA (Certified Public Accountant) license. We commend his achievement and dedication to our firm and our profession. Dylan began his career at Bronswick Benjamin as an intern through the Accounting Internship Scholarship Program. After earning his degree, Dylan became part…
The deadline is approaching for private companies to begin reporting using the new revenue recognition standard, and many may find themselves confronting the new standard a lot sooner than they had expected. Almost all companies will be affected to some extent by the new guidance, though the effect will vary depending on industry and current…
What is the easiest way to reduce the cost of your employee benefits? Take a second look at your Group Disability and Life Insurance. Most employers and insurance advisors concentrate their time on reducing the cost of health insurance. Health insurance requires an enormous amount of time and energy. ACA and the current political climate…
If you’re considering selling property and want to defer or even eliminate the capital gains that may arise from the sale of the property, a 1031 exchange may be an appropriate solution. You don’t necessarily have to find a replacement property, either; in addition to active management options, there are are passive ownership solutions as…
The “legal” marijuana industry is one of the fastest growing in the United States. Total “legalized” sales of marijuana were $5.4 billion in 2015 and were expected to grow by 24% in 2016 to $6.7 billion. This number is expected to increase by approximately 34% each year, with projected 2020 legalized sales of approximately $21.8…
If your CFO appears to have a lot weighing on his or her mind, there’s a good chance that it’s a concern rooted in dysfunctional culture and disjointed team communications, not necessarily the business’ financial health first and foremost. That’s one of the key findings from a recent survey of over 2,000 CFOs in the…
Filing a Form 1120 C Corporation income tax return? Make sure that you’re aware of an important change in the due date so your return is completed on time. This year, Form 1120 for calendar-year corporations will be due on April 18, 2017. Weren’t these returns typically due a month earlier? Yes. Such returns were…
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 Income) and Related Schedule K-1s. The 2016 Form 1065 for…
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 corporate tax rate President-elect Trump has described a…