At Berndt CPA, everything we do is focused on giving entrepreneurs and small business owners a competitive edge. In fact, we’ve reinvented the accounting model to help you better manage daily operations and provide you with the insight required to boost productivity and profitability.
Manual business processes are a thing of the past; it's all about mobile accounting these days. Forget about managing paper and abandon the practice of using last year’s data to make current business decisions. Today’s entrepreneurs are approving invoices from their phones, paying bills on the fly, and accessing real-time financial data via secure dashboards to make smarter, on-demand decisions that drive business success. At Berndt CPA, we provide you with a powerful platform for doing business the way it should be done—in real time, online and collaboratively.
We’ve tested and connected leading cloud-based applications to streamline and simplify accounting tasks. From paying bills to processing reimbursements and accessing current financial statements, you can do it all within our BOSS platform—from the office, from home or anywhere else.
Even better, you’ll work with our expert team to design a customized plan that supports your unique business. As your needs change, we’ll work with you to update your plan and ensure you have the right tools to support your enterprise.
As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other depreciable property. If so, you may benefit from the Section 179 depreciation tax deduction for business property. The election provides a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation deductions over time.
Congratulations, we’ve made it through 2020! We’ve proven to ourselves that we’re disciplined and strong! And we appreciate even more what our family and friends mean to us! Does that mean we don’t need to make resolutions this year? Maybe. But it’s always good to have a goal. So, if there’s nothing to resolve for yourself, why not direct your resolutions outward for 2021?
S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will incur losses in its early years because shareholders in a C corporation generally get no tax benefit from such losses. Conversely, as an S corporation shareholder, you can deduct your percentage share of these losses on your personal tax return to the extent of your basis in the stock and any loans you personally make to the entity.