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.

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

| TAX | No Comments
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

| ASSURANCE, EMPLOYEE BENEFIT PLANS | No Comments
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

| TAX | No Comments
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

| TAX | No Comments
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…