Personal Property Tax Compliance: 8 Frequently Missed Issues That Can Lead to Overpayments

Understanding and adhering to the multitude of personal property tax compliance obligations throughout the thousands of jurisdictions that assess personal property taxes can be administratively burdensome. A company’s personal property tax liabilities can be impacted if a company is not equipped to navigate the differing rules and opportunities in the jurisdictions in which its personal…

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BGBC Named an IndyStar 2019 Top Workplace

BGBC Partners, LLP is pleased to announce their inclusion on the Indianapolis Star’s 2019 Top Workplaces list. They also received the “New Ideas” special award. BGBC attributes this award to a company culture that enables team members to thrive. The firm is passionate about the growth and achievement of their employees, and they work to…

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M&A and Employee Benefits: Post-Transaction Considerations

By Kim Flett and Beth Garner Employee benefits should be an important consideration for both buyers and sellers as they prepare for a merger or acquisition. Once the due diligence is completed and the transaction closes, however, there is still much work that needs to be done to ensure that the transition to the new benefits plan goes…

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Seize the Opportunity (Zone), But Keep Your Head on Straight

By Stuart Eisenberg and Marla Miller The IRS defines an opportunity zone as an “economically distressed community where new investments may be eligible for preferential tax treatment.” The Treasury has certified nearly 9,000 of these districts across all U.S. states and its territories, including the entire island of Puerto Rico. An opportunity zone designation has…

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New Law Eases SBA Financing Rules For ESOPs

Small business owners looking to convert their organization to an employee-owned company may have an easier path thanks to a new law signed by President Donald Trump last year. Before the law was passed in August 2018, the rules surrounding loans backed by the Small Business Association (SBA) used to create Employee Stock Ownership Plans…

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Read This before Tossing Old Tax Records!

The problem with discarding all of the records for a particular year once the statute of limitations has expired is that many taxpayers combine their normal tax records with the records that substantiate the basis of their capital assets. The basis records need to be separated and should not be discarded until after the statute…

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Gift and Estate Tax Primer

The tax code places limits on the amounts that individuals can gift to others (as money or property) without paying taxes. This is meant to keep individuals from using gifts to avoid the estate tax that is imposed upon inherited assets. This can be a significant issue for family-operated businesses when the business owner dies;…

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