S E R V I C E S

CLIENT ACCOUNTING & ADVISORY

BSB has a talented team of accounting professionals to build a solid financial foundation for a new business. We can also jump in and help in a “bookkeeping emergency” or clean up messy books to create meaningful financials or a tax return.

MEANINGFUL SERVICE

Our Client Accounting & Advisory Services (CAAS) team not only installs the right accounting software, but we also create a meaningful Chart of Accounts for your business. We know and understand the difference between a capital asset and an office expense, a shareholder loan versus a capital infusion (equity), and how to enter a complicated payroll journal entry.

Our CAAS team adheres to financial and accounting standards. We know who the end-user of the financial statements is and customize the reporting to their needs. For instance, do they need a product-line separated out? Do they need government-auditable books? These are the important questions we consider to make sure each client’s needs are met.

State and Local Income Tax Issues to Consider Before Making Your Next Tax Payment

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State and local taxes represent a key and often material part of a business’s total tax liability. Many states are reporting budget surpluses, reducing tax rates and offering new credits and…

Plan Sponsor Alert: Planning for the End of the COVID-19 Public Health Emergency and Outbreak Period

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To help the American public endure the COVID-19 pandemic, Congress passed laws that provided billions of dollars in emergency funds to buy vaccines, tests, and other treatments that were free…

Mandatory Capitalization of R&E Expenses

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The Impact on Government Contracting Companies Government contracting entities often incur considerable expenses associated with the performance of research and development activities — both on behalf of their government agency…

Revised Filing Instructions for K-2 and K-3 for Partnerships and S-Corps

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The IRS recently issued revised instructions regarding 2022 Schedules K-2 and K-3 for partnerships and S corporations. In these instructions, the IRS responded to requests for expanded relief and clarity…