Share This Article: 2021-2022 Tax Planning Guide After the tumultuous year that was 2020, “uncertainty” remains the watchword in 2021, especially when it comes to tax planning. The shift of political control in Washington and the evolving… Chris Allen, Nov 9, 2021 BFBA earns a spot in the “Top 50 Construction Accounting Firms” for the 3rd year in a row BFBA is honored for the 3rd consecutive year in a row to be recognized in the Construction Executive Magazine as one of the The Top 50 Construction Accounting Firms™ and… Jennifer Stephens, Aug 17, 2021 Podcast: How to Structure And Execute A Transition To The Next Generation Transitioning a company you have founded on blood, sweat, tears, and cash to the next generation is not easy. It requires a combination of clear planning, and bloody minded persistence… Eric Anderton, Jun 3, 2021 President Biden Details His Tax Proposals For Individuals President Biden’s proposals for individual taxpayers were outlined in the April 28 address to Congress and in an 18-page fact sheet released by the White House. The American Families Plan… BFBA, May 6, 2021 Employee Retention Credit 2.0 The Employee Retention Credit (ERC) was created as part of the CARES Act. At that point, the credit could only be claimed if a paycheck protection program (PPP) loan was… Greg Scott, Mar 25, 2021 Employee Retention Credit Prior to 2021, your business had to experience a decrease in revenue of over 50% in order to qualify for the credit. The new rules for 2021 only require a… Ken Astle, Jan 29, 2021 Meals and Entertainment Expenses The Tax Cuts and Jobs Act of 2017 significantly changed the rules related to the deductibility of meal and entertainment expenses. Generally, business entertainment expenses (not including food and beverage… Patricia Faith, Jan 8, 2021 PPP Loans 2.0 At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic. The law allows for businesses… Noli Snobar, Jan 7, 2021 Deductibility of Business Meals Provided by Restaurants in 2021 and 2022 You’ve probably heard that the recent stimulus legislation included a provision that removes the 50% limit on deducting business meals provided by restaurants in 2021 and 2022 and makes those… BFBA, Jan 7, 2021 PPP Loan Forgiveness Best Practices If you’ve obtained a PPP Loan then you are likely in one of the following categories. You’ve applied for and have received forgiveness. You’ve applied and are awaiting a response…. Noli Snobar, Dec 23, 2020 Previous Next Want to talk? Let's get in touch.
