Key Tax Considerations for Real Estate Investors in 2024
Amid the backdrop of market realignment, higher interest rates, and shifting workplace habits, investors remain cautiously…
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2023 Year-End Tax Planning for Individuals
As the 2023 tax season winds down, it’s time to take a closer look at year-end…
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2022 Year-End Tax Planning for Individuals
While 2022 started out with some uncertainty about potential tax law changes, very few of the…
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Stimulus Payments Being Sent as Visa Debit Cards
The Internal Revenue Service has been distributing Economic Impact Payments to taxpayers across the nation since…
Read this Insight...Year-End Tax Planning for Businesses
The first year of filing under the new Tax Cuts and Jobs Act (TCJA) is in…
Read this Insight...Top 5 Real Estate Accounting Mistakes
Even some of the savviest real estate brokers can get trapped in the most common accounting…
Read this Insight...IRS Audits Decline for Millionaires and Large Businesses
IRS audits of wealthy taxpayers and big business are on the downtick, reaching record lows in…
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The Future of Commercial Real Estate
The COVID-19 pandemic has had a dramatic impact on commercial real estate. Some sectors of the industry, ...
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Consider Outsourcing Your Bookkeeping
Accurate and up-to-date financial records play an important part in your business's success, but the daily ...
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Proposed Tax Increases on the Horizon
President Biden presented the American Families Plan in an April 28, 2021 address to Congress, which ...
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DOL Withdraws Independent Contractor Rule
The Department of Labor recently withdrew the “Independent Contractor Status Under the Fair Labor Standards Act” ...
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IRS Relaxes FSA and DCAP Rules
The IRS is providing some leeway to employee benefit plans offering health flexible spending accounts (FSAs) ...
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How Nonprofits Should Handle Tax Form 990
Form 990, Return of Organization Exempt From Income Tax, is the IRS’ method of evaluation to ...
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Hidden Tax Break: Meal Deductions Get a Boost
The Consolidated Appropriations Act, 2021 contained a provision designed to give a boost to the restaurant ...
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COVID-19 Resource Guide: Everything You Need in One Place
Office Updates While BPW is categorized as an essential business due to the importance of tax ...
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BPW Moves Forward with April 15 Deadline
The IRS and California Franchise Tax Board recently announced that the income tax filing deadline for ...
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New Stimulus Package: What You Need to Know
The third stimulus package valued at $1.9 trillion made its debut last week after President Biden ...
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Erroneous Notices from the IRS and States
Many clients have received CP59 Notices notifying them about missing Forms 1040 for the tax year 2019. In ...
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New Benefit Plan Auditing Standards Effective Date Extended
Another pandemic-powered delay is pushing the effective date back for new standards related to audits of ...
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