2018 Q3 tax calendar: Key deadlines for businesses and other employers

Q3 Tax Calendar

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. July […]

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Saving tax on restricted stock awards with the Sec. 83(b) election

Technology picture

Today many employees receive stock-based compensation from their employer as part of their compensation and benefits package. The tax consequences of such compensation can be complex — subject to ordinary-income, capital gains, employment and other taxes. But if you receive restricted stock awards, you might have a tax-saving opportunity in the form of the Section […]

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Could a long-term deal ease your succession planning woes?

Contemplative businessman sitting on armchair in an office

Some business owners — particularly those who founded their companies — may find it hard to give up control to a successor. Maybe you just can’t identify the right person internally to fill your shoes. While retirement isn’t in your immediate future, you know you must eventually step down. One potential solution is to find […]

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The TCJA changes some rules for deducting pass-through business losses

lady at desk

It’s not uncommon for businesses to sometimes generate tax losses. But the losses that can be deducted are limited by tax law in some situations. The Tax Cuts and Jobs Act (TCJA) further restricts the amount of losses that sole proprietors, partners, S corporation shareholders and, typically, limited liability company (LLC) members can currently deduct […]

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Be aware of the tax consequences before selling your home

Home Sales

In many parts of the country, summer is peak season for selling a home. If you’re planning to put your home on the market soon, you’re probably thinking about things like how quickly it will sell and how much you’ll get for it. But don’t neglect to consider the tax consequences. Home sale gain exclusion […]

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2018 Q2 tax calendar: Key deadlines for businesses and other employers

2nd Qtr 18

Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. April […]

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A few changes in the 2018 tax bill might encourage some action now.

Tax return check

There are a number of changes in the 2018 tax bill that just passed.  We will be sending out more information as we get all of the details over the next few days, weeks and months.  However a few of the changes might impact what you do this year. 1.Tools Deduction: If you have traditionally […]

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Happy Thanksgiving

Happy Thanksgiving

All of us at BMC would like to wish all of you a very Happy Thanksgiving.  We are very thankful that you have trusted us with your business.

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