BLS Insights

Category: Family Owned Businesses

IRS Warns Businesses about ERTC Scams

August 17, 2023

The airwaves and internet are inundated these days with advertisements claiming that businesses are missing out on the lucrative Employee Retention Tax Credit (ERTC). While some employers do indeed remain … Continued

Learn More >>

Businesses: Act now to make the most out of bonus depreciation

July 25, 2022

The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only for a limited duration. The amount of first-year depreciation available … Continued

Learn More >>

New Tax Reporting Requirements for Payment Apps

February 15, 2022

If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square, or PayPal, you could be affected by new tax reporting requirements that take effect … Continued

Learn More >>

State and Local Tax Planning Consideration for Year End – 12.31.2021

December 17, 2021

The House version of the Build Back Better Act, residing in the Senate for consideration, contains a variety of provisions that we discussed in a previous blog, U.S. House Passed … Continued

Learn More >>

Hiring Children in the Family Business

March 01, 2017

If your kids have been begging you for money and you need a little extra help running the family business, it may be beneficial to the whole family to start putting them to work after school or during the summer.

Learn More >>

Apply Now

Need Additional Information?

If you need more information, please contact us so we can connect you with one of our CPA advisors who will be committed to your business and personal success. BLS is here to help!