Cash vs Accrual Basis Accounting

Which is best for YOUR company? How does your business maintain your financials? Under the Tax Cuts and Jobs Act, taxpayers are eligible to select their accounting method according to the new limits in tax years beginning after December 31, 2017. Taxpayers which have an average annual

What’s Your Business Worth?

If you are thinking of selling your business, want to know its current worth, or are just generally curious where your business value stands, there are several options BWTP P.C. can offer you. A valuation is determined on what the seller intends on doing in a hypothetical sale. As a g

Why Your Company Needs a Blog

So what’s all the fuss about blogs? Do they really help your business? The short answer is yes. Below are just a few of the many reasons why writing a blog can help grow your business: Help with Organic Search Every time you write a new piece of content, you create a new URL, wh

Why Should I Start a 401(k) Plan for My Company?

Most people are familiar with the tax advantages to the participant of a 401(k) plan. There are also many benefits to an employer for implementing a 401(k) plan. Many of these are financial. The first, and most obvious benefit to the employer, is the tax advantages which can offset so

Hobby vs. Business Tax Treatment

In order to qualify as a business for tax purposes, an activity must be actively engaged in for profit. To determine if a taxpayer has a profit motive, the IRS looks at various factors which are often subject to judgment. It is important for a taxpayer to be able to prove they are a b