The Indianapolis-based CPA and advisory firm BGBC Partners, LLP is pleased to announce promotion of Maggie de Guzman to Manager. Maggie has 15 years of experience that consists of time spent in public accounting and industry. She joined the firm as a Supervisor in 2019. She specializes in international tax, specifically in US filings for…
On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (CAA) into law. A recent article from JD Supra outlines two key provisions included in the act that make changes to the employee retention credit. Established by the CARES Act, the employee retention credit was designed to incentivize employers to maintain their staff…
On Wednesday, January 6, the U.S. Small Business Administration (SBA) and the Treasury issued joint guidance regarding the latest updates to the Paycheck Protection Program (PPP), as amended by the recent COVID-19 relief bill. A recent article from the Journal of Accountancy offers an overview of the guidance, which includes the following items: An interim…
By Sara Sepkowski and Kirstie Tiernan| DECEMBER 07, 2020 According to BDO’s latest white paper, Getting from A to AI – The Path to Data Analytics Maturity, organizations need a combination of the right architecture, analytics, and artificial intelligence to create the technological infrastructure necessary for data analytics maturation. Beyond these critical technical factors, an organization’s ability…
On December 22, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021 (CAA2021), which includes $892 billion in coronavirus stimulus spending. This long-awaited and highly contested piece of legislation ties coronavirus relief funding into a $1.4 trillion resolution for funding the federal government through September of next year. The nearly $900 billion in…
The FASB’s Accounting Standards Update (ASU) 2016-02 (“Topic 842” or “the new standard”) applies to both lessees and lessors, and it brings significant changes to balance sheets. The extra time granted by the FASB reflects the mammoth task ahead, which will require more work, more resources, and more time than most businesses realize. It becomes…
The Indianapolis-based CPA and advisory firm BGBC Partners, LLP is pleased to announce the addition of Cathy Bell. Cathy Bell joins the team as a Staff Accountant in the Emerging Business Solutions division. She has six years of previous experience as an accounting clerk. Outside of work, she likes spending time outside, camping and boating.…
As the world continues to contend with the COVID-19 pandemic and its economic fallout, businesses are doing all they can to mitigate risks and plan for a recovery that’s anything but certain. The tax function plays a critical role in navigating recovery and positioning businesses to emerge from this crisis more resilient than before. Effective…
As the year-end approaches, individuals, business owners and family offices should be reviewing their situations to identify any opportunities for reducing, deferring or accelerating tax obligations. Areas that should be looked at in particular include tax reform provisions that remain in play, as well as new opportunities and relief granted earlier in 2020 under the…