Our mission every day at Berndt CPA LLC is to serve our clients with the tools and knowledge at hand, ever striving to extend the boundaries of our abilities, as we provide client support that is unparalleled. We do this by abiding in a philosophy that has earned over 10 years’ worth of business from many of our clients and respect from our community partners.
We care about our clients. We care about our work. We care about our families, our communities and one another. The ensuing environment has helped us recruit and retain a core team with extensive experience in tax, accounting, technology, and customer service.
Our commitment to professionalism, courtesy and excellence extends from the clients we see every day to the clients we see once a year. We believe it is this commitment that has made us a successful company, with clients who value us as much as we value them. You have my word that we’ll hold true to that commitment.
Bruce D. Berndt, CPA, CGMA
Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. From June 2020 through June 2021, the U.S. Census Bureau reports that business applications are up 18.6%. The Bureau measures this by the number of businesses applying for an Employer Identification Number.
From the home user to the largest corporation, ransomware is now an issue for anyone who uses the internet. And now, with remote work and online learning so prevalent, it’s all too easy to become a victim of a ransomware attack.
There’s a harsh tax penalty that you could be at risk for paying personally if you own or manage a business with employees. It’s called the “Trust Fund Recovery Penalty” and it applies to the Social Security and income taxes required to be withheld by a business from its employees’ wages.