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In the current era of online communications, information security has become a high priority concern for all organizations. As they say, “Any chain is as strong as its weakest link.” Any non-compliance with information security policies could jeopardize your organization resulting in financial, regulatory, operational, and legal risks. Here are 8 basic steps towards achieving the goal of robust Cyber Security for your organization without spending a fortune: Spear Phishing and Social Engineering

Under the Affordable Care Act, it was determined that employers were no longer allowed to use a Medical Expense Reimbursement Plan (MERP) to provide health benefits to their staff. Prior to this law, many small employers used this type of plan as an alternative to offering staff health insurance coverage. Under the new law that was passed by Congress a few months ago, employers can again use a reimbursement plan known as a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). Employers can mak

Everyone knows saving for your retirement is important. One attractive option is the Roth IRA. Contributions to a Roth IRA are not deductible in the year they are made as traditional IRAs, but they grow tax free and will not be taxed in retirement when distributions are taken. For 2017, total IRA contributions (traditional and Roth) are limited to $5,500 ($6,500 if you are age 50 or older). Unfortunately, not all taxpayers are eligible to make contributions to a Roth IRA. For 2017, your modified AGI must be

BWTP P.C. offers services outside of the general accounting and attestation services people usually consider when talking about an accounting firm. We like to emphasize that we are a full-service accounting firm, but we also go a step beyond that to help our clients as much as possible. We’d like to spotlight one of those extra services that we offer this week and that is our BWTP Transition Solutions. BWTP Transition Solutions is another service we offer to help with dental practice transitions. Whet

Did you realize that some companies actually utilize two sets of books? Companies often have a set of books for income taxes and one to comply with Generally Accepted Accounting Principles (GAAP). There are numerous differences that exist between accounting for income taxes and GAAP. Examples of items that create differences between taxable income and net income (GAAP) are: Accelerated depreciation for income taxes, particularly using bonus depreciation, Section 179, or Modified Accelerated Cost Recovery Sy