On February 22, 2012, President Obama signed into law a bill extending payroll tax cuts and unemployment benefits through 2012, and preventing a pay cut for doctors who accept Medicare, ending a bitter fight over a measure aimed at boosting the tepid US economic recovery. The extension will keep the employee portion of the Social… Read more
Make Your Medical Practice More Healthy
“If you can’t measure it, you can’t manage it.” This well-known quotation can be applied to the medical practice today as payer reimbursements and collections are falling. The best way to tackle this issue is to measure your financial data. By analyzing financial data in your practice management system over a period of time, you… Read more
What Every Taxpayer Should Know About Identity Theft
We are hearing more and more about cases of identity theft. In the 2011 Identity Fraud Survey Report, it states that in 2010 the number of identity fraud cases affected 8.1 million adults. At BPW, we have seen numerous cases of our clients being “solicited” by phony emails, from what at first glance appear to… Read more
BPW is More Than Just an Accounting Firm
On Tuesday, January 17, 2013 we held our annual Tax Season Kick Off Breakfast to ring in the season! This video was created to showcase some of our initiatives over the past year and highlight what makes BPW so different from the rest. BPW is more than just an accounting firm. Watch the video to… Read more
Compliance Complexities
Although we have not seen major changes from 2010 on how your 2011 personal income taxes will be calculated, there have been a few changes to compliance that may leave you scratching your head. The changes include sharing more detailed information with the IRS, so that they can then cross-reference your return to third party… Read more