Tag Archives: BKC

BKC EMPLOYEES BEAT THE HEAT

BKC Employees Break the Heatwave, Channeling Cool Vibes with Frozen Hot Chocolates, Festive Fruit Salad & Other Treats for “Christmas in July”! #bkccpas #beattheheat #christmasinjuly #bestplacestowork2022 #bkcwealth   Read more BKC Firm News here. Explore Career Opportunities with BKC here.

CONGRATULATIONS TO LAURA ATWELL ON BECOMING A REGISTERED MUNICIPAL ACCOUNTANT

Congratulations to Laura Atwell, CPA, RMA, PSA, Manager in our Governmental Entity Group, for becoming a Registered Municipal Accountant! We are proud to have her on our BKC Team!   This certification is issued from the New Jersey State Board of Accountancy and requires extensive knowledge of governmental accounting & auditing practices, rules, regulations, and passing Read More…

WORTHLESS STOCK MAY PROVIDE A TAX BENEFIT

The disruptions caused by the COVID-19 pandemic have driven significant losses for many businesses, causing some to permanently close. Owners of these and other distressed businesses should consider whether they are eligible for a deduction attributable to an investment in worthless stock. Generally, if the stock is a capital asset and becomes wholly worthless during Read More…

SBA ANNOUNCES CHANGES TO THE EIDL PROGRAM

On September 8, 2021, the SBA announced major changes to the Economic Injury Disaster Loan (EIDL) Program.  New COVID EIDL policy changes include the following: Maximum loan cap increased from $500,000 to $2 million Use of funds was expanded to include payment and pre-payment of business non-federal debt incurred at any time (past or future) and Read More…

NEW YORK STATE PASS-THROUGH ENTITY TAX

Under new Tax Law Article 24-A, an optional pass-through entity tax (PTET) that partnerships or New York S Corporations may annually elect to pay on certain income for tax years beginning on or after January 1, 2021. Individual pass-through entity owners electing to pay PTET who are subject to personal income tax may be eligible Read More…

TAX PROPOSALS FROM THE BIDEN ADMINISTRATION & CONGRESS

      This article has been superseded by this update:  BUILD BACK BETTER ACT PASSES THE HOUSE OF REPRESENTATIVES Original 9/3/21 Article: The Biden Administration’s 3-part economic recovery plan proposal is known as the “Build Back Better agenda”.  It has evolved quite a bit of the last few months but this is how it Read More…