On September 29, 2022, the IRS issued news release 2022-168 regarding Hurricane Ian. This release extends all tax return filing and tax payment deadlines starting on September 22, 2022 for individuals and business located in any area designated by the Federal Emergency Management Agency (FEMA), until February 15, 2023. As of this date, all counties Read More…
A warm welcome to our newest BKC Team Members including Julia Sinkbeil & Alicia Lodato to our Governmental Assurance Group, Claudia Cummings, MSA to our Audit & Assurance Group, and Tracey Baranek to our Administrative Support Team. BKC is excited to gain the talents, enthusiasm and fresh perspectives of these professionals to our firm’s growing Read More…
Celebrating the start of summer at BKC, CPAs, PC with Kona Ice & Coolattas.
Here @BKCCPAs, we work hard to foster a supportive and encouraging culture of learning as a key benefit to our employees. Our professionals gain valuable knowledge & build confidence, with exposure to diverse clients and specialty services, and state of the art technology, which help them grow professionally. In addition to extensive in-person and virtual continuing Read More…
In the face of the “Great Resignation” and rising inflation, organizations are taking a second look at the size of their salary increase budgets. For the last decade, budgets for merit increases have hovered around 3%. Now, salary increase budgets are on the rise to levels not seen in years, according to BDO’s first-quarter 2022 Read More…
Happy World Cultural Diversity Day! Thank you to all our staff who participated in our potluck lunch today.
By: Amy Guerra, CPA The financial statement presentation for not-for-profit entities (NFP) experienced an overhaul with Accounting Standards Update (ASU) 2016-14, “Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities.” Prior to the ASU, only voluntary health and welfare organizations had a requirement to include the statement of functional expenses as part of Read More…
There’s no question the global pandemic of 2020 quickened trends of the future that were hitting the wall of the present: Employers resistant to allowing employees to work remotely suddenly had no choice as localities enacted mandatory stay-at-home measures. Businesses migrated to remote work on an unprecedented scale – a great experiment, the ripple effects of which are many for real estate. As parts of the business world adjust to working from home, some are finding multi-year office Read More…
By Ross Forman In the midst of the COVID-19 crisis, operational challenges are among the top sources of pressure for businesses. Unforeseen costs, disruptions in services and, for most organizations, significant material hits to revenue are top of mind as you navigate new issues related to maintaining facilities and business functions. For these reasons, identifying and Read More…
On Friday, March 27, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (also known as the CARES Act), a $2 trillion stimulus package intended to help mitigate the economic devastation caused by the novel coronavirus (COVID-19). The stimulus is good news for manufacturers, many of whom are struggling given the current economic Read More…
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