Have you been on the fence about making the change over to QuickBooks Online? There are several advantages for companies who choose to switch from QuickBooks Desktop (QBD) to QuickBooks Online (QBO). Some of the most significant advantages include increased accessibility, automatic bank feed, and…
This year, many Americans have been victimized by wildfires, severe storms, flooding, tornadoes and other disasters. No matter where you live, unexpected disasters may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act (TCJA), eligible casualty loss victims could…
To view our BS&P Quarterly Connect – Q3 2023 click: BS&P Quarterly Newsletter Quarter 3 2023
Imagine a world where you could sell a property, defer your capital gains taxes, and reinvest the proceeds into a new property with increased potential for growth and income. Sound too good to be true? Enter the 1031 exchange, a powerful tax-deferral strategy in the…
If you gamble or buy lottery tickets and you’re lucky enough to win, congratulations! After you celebrate, be aware that there are tax consequences attached to your good fortune. Winning at gambling For tax purposes, it doesn’t matter if you win at the casino, a…
In recent years, merger and acquisition activity has been strong in many industries. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law. Stocks vs. assets From a tax standpoint, a…
To view our BS&P Student Newsletter – September 2023 click: BSP Student News Letter September
Do you and your employees feel comfortable with how much you have saved for retirement? Do you feel that you are currently taking advantage of all of the potential retirement plan benefits that are available to you? Is the current plan that my business sponsors…
Are you finding it difficult to acquire and retain qualified employees? Would you like to expand your business operations without incurring the increased expense of more office space? Is the bulk of your business’ work performed at a desk and on a computer? If so,…
If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided tax-wise until year end when the final results of your trades will reveal your 2023 tax situation. Here’s what you need to know…