For years, companies looked to data tracked by their finance and accounting departments primarily as a way to understand past performance. But quantum leaps in computing power and other technology have made it possible for organizations to move far beyond historical analysis. Today, companies can uncover insights that enable them not only to make near-term…
Did you know your company may be able to use research and experimentation (R&E) tax credits to offset payroll taxes? This article by McGuire Sponsel discusses how qualified small businesses with research tax credits have the ability to offset the employer portion of federal Social Security taxes up to $250,000 per year for up to five…
The Indianapolis-based CPA and advisory firm BGBC Partners, LLP is pleased to announce the addition of Jessica Adams to their professional team. Jessica Adams joins the team as a Staff Accountant. She is a recent graduate of Ball State University, where she earned a Bachelor of Science in Accounting. She is a member of the…
If you feel that business is harder today, you’re not alone. In addition to rising regulatory obligations and relentless technological change, the ability to attract and retain top talent has never been more difficult. To compete and thrive in this environment, businesses need to optimize their finance and accounting practices, and that means tackling challenges…
WASHINGTON, DC – Today the U.S. Department of Labor announced a final rule to make 1.3 million American workers eligible for overtime pay under the Fair Labor Standards Act (FLSA). “For the first time in over 15 years, America’s workers will have an update to overtime regulations that will put overtime pay into the pockets…
Throughout your life there will be certain significant occasions that will impact not only your day-to-day living but also your taxes. Here are a few of those events: Getting Married – If you just got married or are considering getting married, you need to be aware that once you are married you no longer file…
Generally, when individuals have a hobby, they have it because they enjoy it and are not involved in their hobby with the goal of making money. In fact, most hobbies never make money or don’t even create any income, for that matter. Tax law generally does not allow deductions for personal expenses except those allowed…
Entrepreneurs don’t necessarily need to be numbers people in order to succeed: You need drive, passion, the ability and will to follow things through, and the hustler’s spirit that enables you to constantly try that new thing or relentlessly chase that next big opportunity. But whether you’re a serial entrepreneur or simply looking to grow…
Are you missing an opportunity to reduce your property tax liability? Nearly all local taxing jurisdictions, including municipalities, counties, and boards of education, generate tax revenue through the imposition of property tax, which is one of the most substantial sources of local government revenue. For many businesses, property tax is the largest state and local…