The recent outbreak of coronavirus has caused governments around the world to impose travel restrictions, and airlines to cancel flights to China. These restrictions could interfere with the work of auditors, as they could have trouble completing inventory counts or other key tasks. This Wall Street Journal article by Mark Maurer discusses how several accounting firms…
By Vin Phan A 2018 survey by the Substance Abuse and Mental Health Services Administration (SAMHSA) found that approximately one in five adults (47.6 million) in the U.S. had experienced a mental illness in the past year, and 17.7 million suffered from a major depressive episode. The need for behavioral health services has accelerated significantly in the…
More than 70% of economists expect the United States to enter a recession by the end of 2021, according to an August 2019 survey by the National Association for Business Economics. At this late stage of the economic cycle, it may seem like exactly the wrong time to think about investments that would improve your…
The Indianapolis-based CPA and advisory firm BGBC Partners, LLP is pleased to announce the addition of three new full-time team members as well as a staff promotion. Eric Ferrettie joins BGBC as a tax manager. Eric comes with 20 years of experience in tax compliance and consulting services for physicians, real estate developers, high net…
The Indianapolis-based CPA and advisory firm BGBC Partners, LLP has promoted Richard Smith to Partner. “It is a great pleasure and honor to have Richard join our Partner group and continue his contribution to the success of BGBC”, said Kyle Simmerman, Managing Partner. “Richard has exemplified all the characteristics of a Partner and most notably his…
It is that time of year again! No, not holiday season, tax planning season! As we approach year-end, it is important to be looking at ways to minimize our tax liability. Why pay more than your fair share? Below are several key items that should be considered for both individuals and for business owners. As…
Year-end giving is a crucial time of year for nonprofits, and organizations are in overdrive in pursuit of mission-driven growth. Below are ideas and strategies to help boost your organization’s year-end giving. To make your efforts successful, it’s key to start planning before the holiday season. Get all of your key teams together—including marketing, fundraising and…
by Aftab Jamil and David Yasukochi The impact of the U.S. Supreme Court’s decision in South Dakota v. Wayfair, now over a year since it was handed down, continues to reverberate throughout the business world. As the year wears on, it’s clear the decision carries implications for industries beyond retail and, indeed, for the very basic…
By Maureen McGetrick As 2019 approaches its final months, construction firms may start to see an uptick in interest for projects in opportunity zones. Enacted as part of 2017 Tax Reform, the opportunity zone program began attracting significant investor interest after the IRS released clarifying guidance about the program’s rules in October 2018 and again…
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…