Insights by Author: Jacob Sheffield, CPA, MST

Update on the Corporate Transparency Act: Court Suspends Reporting Requirements for Businesses

December 10, 2024

Less than one month before the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting deadline,…

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Year-End Tax Planning for Businesses

November 15, 2024

After a few years of relatively mild tax changes for most businesses, post-election results provide more…

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Corporate Transparency Act: What Small Businesses and Trusts Need to Know About New Reporting Requirements

January 19, 2024

Effective January 1, 2024, millions of privately-owned non-exempt corporations, limited liability companies and limited partnerships will…

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2022 Year-End Tax Planning for Businesses

November 9, 2022

It’s the time of year when we’re immersing ourselves in fall sports, thinking about the holiday…

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The Inflation Reduction Act and What It Means for You

September 9, 2022

The Inflation Reduction Act (the Act) was recently signed into law on Aug. 16 and contains…

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Important Changes to California’s Elective Pass-Through Entity Tax

February 23, 2022

California recently revised its SALT cap workaround to be more appealing for qualifying owners of S…

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Employees in Other States? Here are the Top Tax Implications to Consider

February 16, 2022

Return-to-office plans remain in a state of limbo as some employers find that a remote work…

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Year-End Tax Planning for Businesses

November 15, 2021

2021 brought a wave of new tax changes for businesses, and 2022 could bring yet another…

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On Your Mark, Small Businesses: Get Set to Reserve the 2021 Main Street Hiring Credit

October 28, 2021

The Main Street Hiring Credit has been reenacted for 2021, bringing financial relief to small businesses…

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How to Claim the Employee Retention Tax Credit

July 16, 2021

Congress created an employee retention tax credit to retain employees on their payroll during the pandemic.…

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Team Member Spotlight

Congratulations to our team members on their recent promotions! We had three team members receive promotions ...
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New Regulations for Internal-Use Software and R&D Credit

Due to recently finalized regulations, companies that develop software for their own internal use may now ...
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New Overtime Rule Put On Hold by Federal Injunction

A recent ruling by U.S. District Judge Mazzant has put a nationwide hold on the Department ...
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Effective Fixed Asset Management

Fixed asset management is not something that companies generally have at the top of their priority ...
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New Deadline and Increased Penalties for Forms 1099 and W-2

The IRS is getting stricter on filing deadlines for information returns and have increased penalties for ...
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Proposition 55 Approved by Voters

Voters in California recently elected to extend increased personal income taxes on higher-earning taxpayers. With 62% ...
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Eileen Sheridan and John Britton Named Who’s Who in Professional Services

The Pacific Coast Business Times recently named BPW Partners, Eileen Sheridan and John Britton as two ...
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Year-End Tax Planning for Businesses

The end of 2015 introduced changes to the tax code that may affect your business this year. While planning ...
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Year-End Tax Planning for Individuals

With changes in the political landscape on the horizon, prospects for tax reform in 2017 and ...
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Nina Pisani Named One of the 40 Under 40

Congratulations to Nina Pisani for being named one of the 2016 40 Under 40 by the Pacific ...
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Double Deduction for Unmarried Homeowners

The IRS has recently complied with the Ninth Circuit’s 2015 decision to allow two unmarried co-owners ...
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IRS Lowers Fees for Tax-Exempt Charity Application

Now there’s a headline you don’t see too often: “IRS Lowers Fees…” It’s true. Effective July ...
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