Employers can provide up to $5,250 annually in tax-free student loan repayment benefits per employee through 2025. This benefit, originally included in the Coronavirus Aid, Relief and Economic Security (CARES) Act enacted in March 2020, was for calendar year 2020 only but was extended for an additional five years by the Consolidated Appropriations Act, 2021…
BGBC Partners, LLP is pleased to announce their inclusion on the Indianapolis Star’s 2021 Top Workplaces list. This is BGBC’s fourth consecutive year as an IndyStar Top Workplace. The firm was also recognized with the New Ideas Award, as the top company that encourages new ideas. This is the second time BGBC has received this…
By: Robby Vanrijkel COVID-19, the economy and political shifts have resulted in tumultuous times for many nonprofits. Organizational resilience depends heavily on securing funding, and organizations are seeking out new ways to engage with donors to ensure they have the resources needed to continue their missions. Successful nonprofits understand that maintaining these relationships is imperative…
As the COVID-19 global health event continues, employees across the country are still working at home and will likely keep doing so for the foreseeable future. If you have employees who live in a different state from where your business is located, this can create additional tax and payroll challenges. Here’s what you should know…
After the unprecedented year we’ve just experienced, the last thing you need is to have your accounting data compromised or stolen. It would be impossible to reconstruct your QuickBooks file from scratch, and you can’t afford to have a hacker steal any of your funds. There are numerous steps you can take to protect yourself…
Thanks to some very liberal tax laws written to encourage investment in personal tangible equipment, including information technology (IT) equipment, many businesses will be able to expense (write off as a tax deduction) all such assets purchased and placed in service before the end of the tax year. For businesses using the accrual method of…
On April 28, 2021, President Biden introduced the American Families Plan to a joint session of Congress. The plan confirms previous statements from the Biden administration, indicating that it would propose tax increases on wealthy households and tax breaks for low- and middle-income families. The $1.8 trillion plan consists of $1 trillion in investments and…
Client Accounting Services Director, David Richardt, sits down with Jon Slusser and Nathan Maude to discuss Accounting 101 for small business owners. Check out the full catalog of Small Business Never Sleeps episodes from the Indiana Small Business Association.
Amid unanticipated crisis, technology leaders sprang into action and helped business continue across many industries. After weathering the worst of the storm, tech executives carry continued optimism into 2021, anticipating a continued surge in demand and further opportunities for growth. In the 2021 BDO Technology CFO Outlook Survey, they surveyed 100 tech CFOs in September…
The Indianapolis-based CPA and advisory firm BGBC Partners, LLP is pleased to announce the addition of Erin MacDowell and Angela Mockobee. Erin MacDowell joins BGBC as a Payroll Specialist within Client Accounting Services. Recently relocating from Colorado, she now resides in Franklin, IN. Erin specializes in full cycling accounting within various industries. She brings over…