Indiana passed legislation in 2023 that provides a potential Federal tax savings opportunity to Indiana taxpayers who own a pass-through entity filing as an S-Corporation or a Partnership. Starting for the 2022 tax year, business owners were able to take advantage of this opportunity on their businesses’ state tax returns through the Pass-Through Entity Tax…
“They make me feel like I’m a part of something bigger, I’m not seen as a number but as a person with feelings and a life outside of work. They give me the resources to gain knowledge in my field and want to see me grow within and out of the company.” – BGBC Employee…
BGBC CPAs and Advisors announces that former Indiana revenue commissioner Adam Krupp has been appointed as Chief Operating Officer and General Counsel. An experienced business leader, Krupp will support the continued growth of the firm by providing elevated operational and strategic support. Throughout Krupp’s rich career path, he has had measurable impacts on the companies…
Pass Through Entity Tax Election Today Indiana Governor Eric Holcomb signed Senate Bill 2 into law which provides a Federal tax savings opportunity to Indiana taxpayers who own a pass-through entity filing as an S-Corporation or a Partnership. The opportunity is called the Pass Through Entity Tax election (PTET). We were thoroughly engaged in Senate…
The new year starts with an exciting announcement for BGBC CPAs & Advisors, as we celebrate the promotion of our new Partner, David A. Richardt, CPA. David has distinguished himself through his leadership and has made an impact on our clients and team that is a true testimony to his hard work and dedication…
With rising interest rates, inflation and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time. As we approach year end, now is the time for individuals, business owners and family offices to review their 2022 and 2023…
Please Update Your Records Our new address is: 135 N. Pennsylvania St., Suite 2600 Indianapolis, IN 46204 We are thrilled to announce that we have opened our doors at our new location in the BMO Plaza. Our new address is 135 N. Pennsylvania St., Suite 2600, Indianapolis, IN 46204. Please update your records with…
There was once a time when the only people who used the word “gig” were musicians chatting about a booking. Today, virtually every newspaper and magazine features the booming gig economy — or how to make the most of it — on a regular basis. Though the term generally refers to people who have taken…
According to one recent study conducted by the Small Business Administration, there are approximately 32.5 million organizations that classify as a small business in operation in the United States. Half of all American workers are either employed by a small business or own a small business and are significant drivers of not only the economy…
As a small business owner, you should always be on the lookout for legitimate ways to minimize your taxes. Waiting for year-end to do your tax planning can be too late and you may miss many possible opportunities. The following are valuable tips that help you maximize your business deductions. New Business – Normally the…
