S E R V I C E S 

Financial Reporting

Throughout the life of a business enterprise, most business owners will find themselves in need of accurate financial reporting.

BSB assesses your current needs and determines what level of financial reporting will best serve your business.

financial reporting to meet your needs

Analyzing financial statements  is an important tool for business owners to use in making sound business decisions.

Financial statements can be used to monitor changes in the company’s finances from one time period to the next, identify financial strengths and weaknesses, and identify opportunities to make improvements for greater business successes.

Sometimes providing financial statements to outside parties is necessary to help recruit investors or obtain financing.

Our team has the knowledge and experience to help you achieve your business and financial goals.

Revisiting Eligibility for Small Business Taxpayer Exemptions

| TAX | No Comments
“An exemption from UNICAP? And no limitation on the amount of business interest expense I can deduct? Sign me up!” Many taxpayers (and their tax return preparers) have eagerly embraced…

Complying with SECURE Act Changes to Long-Term Part-Time Employee Eligibility and IRS Form 5500

| TAX | No Comments
Two significant regulatory changes to retirement plans require immediate attention from plan sponsors, both to ensure current operational compliance and to comply with upcoming deadlines. Many long-term, part-time (LTPT) employees…

Virginia Issues Final PTET Guidance for Tax Years 2022-2025 and Retroactive Guidance for Tax Year 2021

| TAX | No Comments
On January 17, the Virginia Department of Taxation (DOT) issued final guidelines for the commonwealth’s pass-through entity tax (PTET) for tax years 2022 through 2025, and on March 4, it…

Treasury, IRS Release Final Regulations on Elective Pay Election for Energy Tax Credits

| TAX | No Comments
The Department of the Treasury and the IRS on March 5 released final regulations (TD 9988) on the elective pay election for certain energy tax credits under IRC Section 6417,…