We’re honored to be named one of INSIDE Public Accounting's top 50 Best of the Best accounting firms for the second consecutive year! http://ow.ly/OAFy50BrI95
Despite the #COVID19 pandemic, #students are going #backtoschool this fall, either #remotely, in-person or under a hybrid schedule. In any event, parents may be eligible for certain #taxbreaks to help defray the cost of #education. https://www.bswllc.com/resources-articles-back-to-school-tax-breaks-on-the-books
Technology has given rise to #virtual and private multi-family offices. Discover how our Virtual Family Office Services can support the diverse needs of wealthy families and existing #familyoffices. https://www.bswllc.com/services-family-office-support-services
After an unpredictable year, the banking and financial services industry faces some upcoming changes and opportunities. Join us Thursday, October 8, to hear subject matter experts from Brown Smith Wallace and Carmody MacDonald P.C. discuss best practices and more. http://ow.ly/jKHT50BqDK2
You might be aware of the 100% bonus depreciation #tax break that is available for a wide range of qualifying #property. Here are 5 important points to be aware of when it comes to this powerful #taxsaving tool. https://www.bswllc.com/resources-articles-five-key-points-about-bonus-depreciation
The #CARESAct made changes to excess business losses. If you hold an interest in a business, or may do so in the future, here is more information about the changes. https://www.bswllc.com/resources-articles-cares-act-made-changes-to-excess-business-losses
After an unpredictable year, the banking and financial services industry faces some upcoming changes and opportunities. Join us tomorrow, Thursday, October 8, to hear subject matter experts from Brown Smith Wallace and Carmody MacDonald P.C. discuss best practices and more. http://ow.ly/y0Ws50BqDOE
A basic #cashmanagement model provides tactical benefits by giving you confidence to make critical #business decisions. Learn about some of the key challenges you may face in setting up a #cashflow model. https://www.bswllc.com/resources-articles-cash-flow-optimization-building-cash-management-to-be-a-competitive-advantage
The victor in this year's #presidential #election can shape #tax policy for at least the next four years and have major impacts on the bottom line for organizations and individuals alike. See a side-by-side comparison of the candidates' tax plans. https://www.bswllc.com/resources-articles-election-year-tax-planning-how-do-the-candidates-plans-compare
On October 1, the #HHS announced a new Phase 3 round of the Provider Relief Fund. The new application portal is open now through November 6. https://www.bswllc.com/resources-articles-hhs-announces-phase-three-of-provider-relief-fund
If #Proposition 15 is passed by #California voters this November, commercial #realestate property taxpayers would lose the #tax benefits of the Golden State’s famous “Prop 13” law, now in effect for all real estate parcels. #propertytax https://www.bswllc.com/resources-articles-proposition-15-would-increase-property-taxes-on-california-commercial-and-industrial-properties
On October 2, the #SBA released a Procedural Notice concerning the required procedures for a #PPP loan borrower that goes through a change of ownership. https://www.bswllc.com/resources-articles-new-ppp-loan-procedures-for-changes-in-ownership
Brown Smith Wallace is excited to announce our partnership with KenSci, an AI-based platform for health care! Together, we will bring our collective expertise in advanced artificial intelligence and business process strategy to transform revenue cycle management for hospitals, health care systems, provider groups and others. Learn more: https://lnkd.in/ddnVB2q #TheFirmforGrowth
Which tax records can you toss once you’re done filing your #tax return? Now is a good time to go through old tax records and see what you can discard. https://www.bswllc.com/resources-articles-what-tax-records-can-you-throw-away
Are you wondering if the passive activity loss rules affect business ventures you’re engaged in — or might engage in? Find out. https://www.bswllc.com/resources-articles-understanding-the-passive-activity-loss-rules
If your #smallbusiness is planning for #payroll next year, be aware that the “#SocialSecurity wage base” is increasing. https://www.bswllc.com/resources-articles-social-security-wage-base-for-2021-is-increasing
Join leaders from our Transaction Advisory team on November 4 as they discuss considerations for private equity firms to keep in mind regarding Paycheck Protection Program (PPP) loans and due diligence. Register today! http://ow.ly/cwK350BZN2i
The economic impact of #COVID19, federal #relief packages and the outcome of the presidential #election may render some tried-and-true strategies for reducing your income #tax liability less advisable for 2020. Here are some year-end #taxplanning issues and actions to consider. https://www.bswllc.com/resources-articles-unusual-year-steers-year-end-tax-strategies
Join us on Thursday, December 3, at 12 p.m. for a year-end #tax update as we wrap up 2020 and prepare for 2021, featuring year-end #taxplanning strategies, an update on #PPP loan forgiveness and deductibility of related expenses, and a look at the possible significant #taxlaw changes from the new administration in the future. http://ow.ly/4fet50CsMDJ
On November 18, HHS clarified that net patient revenue payment that providers received from periods not related to care provided in 2019 or 2020 can be excluded from the reporting of net patient revenues. HHS also clarified how to report capital equipment. https://www.bswllc.com/resources-articles-determining-lost-revenues-attributed-to-coronavirus-are-you-ready
If you’re a small business that provides employee #healthcare benefits through an employer-sponsored #HSA, it’s a good time to review how these accounts work since the #IRS recently announced the relevant inflation-adjusted amounts for 2021. http://ow.ly/IxHh50CqacH
The Individual Coverage Health Reimbursement Arrangement (ICHRA) has been an option for employers since the beginning of 2020. As a new year approaches, interest among employers appears to be growing. https://www.bswllc.com/resources-articles-ichra-update-interest-is-growing
Many Americans receive #disability income. You may wonder if — and how — it’s taxed. Here are a few examples to illustrate the factors that impact how disability income is #taxed. http://ow.ly/et1850Cqa5d
Find out the three areas where knowing the fine points of the #IRA distribution rules can make a big difference in how much you and your family will keep after #taxes. http://ow.ly/QosC50Cqa1c
This week, Transaction Advisory Principal David Killion joins a panel of experts to speak on “Successfully Navigating the Shifting Debt in the M&A Landscape,” during the 2021 AM&AA Virtual Winter Conference. Register today: http://ow.ly/xMnJ50DuRLt
Our 2021 Quick #Tax Facts guide (to manage your 2020 taxes) can help you organize your tax activities and simplify complex tax laws. This convenient guide compiles regularly changing tax information applicable to most businesses and households. https://www.bswllc.com/resources-articles-2021-quick-tax-facts
The provisions of the Craft Beverage Modernization Act (#CBMA) became permanent in December. The most significant of these is the permanent reduction of existing federal excise tax rates for small breweries, distilleries and wineries. https://www.bswllc.com/resources-articles-federal-excise-tax-rates-for-small-breweries-distilleries-and-wineries-permanently-reduced
Our Health Care Industry Group professionals are receiving many questions from providers regarding the reporting and accounting requirements for the Provider Relief Fund (PRF). Find out some of the most common questions and answers. https://www.bswllc.com/resources-articles-provider-relief-fund-are-you-ready-to-report
From tax law changes to economic relief updates, don’t miss the latest insights from our accountants and business performance advisors. Sign up for our thought leadership newsletters. https://www.bswllc.com/newsroom-signup
If you’re required to take distributions from a #retirement plan, you may have received a respite in 2020, but you must begin taking them again this year. Review the basics of required minimum distributions (#RMDs). https://www.bswllc.com/resources-articles-dont-forget-to-take-required-minimum-distributions-this-year
