On July 28, the U.S. Small Business Administration (SBA) released an update to the forgiveness process for the majority of Paycheck Protection Program (PPP) loans. The goal of the new guidance is to streamline the process for PPP participants with loans of $150,000 or less. The interim final rule includes updates in three key areas:…
The U.S. Treasury has released the Biden administration’s 2022 Fiscal Year Budget, which includes a general explanation of the administration’s 2022 revenue proposals. The publication is commonly referred to as the Green Book and outlines the Biden administration’s tax proposals. Keep in mind that these are proposals and will have to be passed by Congress.…
This is a common question: How long must taxpayers keep copies of their income tax returns and supporting documents?Generally, individuals should hold on to their income tax records for at least 3 years after the due date of the return to which those records apply. However, if the original return was filed later than the…
The Internal Revenue Service has released a midyear report to Congress that details a significant backlog of tax returns dating back to the end of tax filing season, and many of those returns have yet to be processed. While backlogs are not unusual, this year’s is far greater than in previous years.That’s bad news for those…
The Indianapolis-based CPA and advisory firm BGBC Partners, LLP is pleased to announce the following promotions. Caleb Williams has been promoted to Assurance Manager. Mary Davis, Bethany Neese, and Karla Tugan have been promoted to Supervisor. Cassandra Hummer, Makylie Siples, Shanyn Reed, and Shelly Courtney have been promoted to Senior.
Generate cash from your past and future investments to develop or improve software. Is Your Technology Company Eligible? Which Activities Qualify for the R&D Tax Credit?
The Indianapolis-based CPA and advisory firm BGBC Partners, LLP is pleased to announce the addition of Bianca Wade and Marion Antwi-Ninkyi. Bianca joins BGBC as a Staff Accountant in Client Accounting Services. Bianca was originally inspired to go into accounting as a child. She would count the offering in Sunday School, and was motivated by…
For too long, the rate of technology adoption across the legal industry has lagged far behind innovation. As datasets grow larger and litigation costs rise, it’s critical for legal professionals to embrace the innovations that facilitate better outcomes. Lawyers have a professional obligation to possess a functional understanding of the benefits of legal technology for…
The Indianapolis-based CPA and advisory firm BGBC Partners, LLP is pleased to announce the addition of Sable Tearman and Galib Hossain. Sable Tearman joins BGBC as a Staff Accountant. She is a recent graduate of IUPUI where she received a Bachelors of Science in Accounting from the Kelley School of Business with a minor in…