BCoAuthor

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So far BCo Author has created 6 blog entries.

Stress Awareness Month

Have you been feeling a little or a lot overwhelmed, have deadlines and a super long to-do list, and you’re just in over your head?  Not to mention Tax Day is quickly approaching!  Well, you’re not alone. Everyone feels stressed from time to time, especially as the responsibilities stack up on our plate.  The thing about stress is, a little bit of it isn’t necessarily a bad thing, but too much of it can be detrimental to our emotional and physical health.  Learning to find that healthy balance is the best way to live a productive, happy life.

A small amount of stress once in a while is a good thing because it means you’re working hard, and you care about what you’re doing.  However, too much stress prohibits us from […]

By |April 2nd, 2021|Categories: BCo Community News|Comments Off on Stress Awareness Month

PPE is Tax Deductible

Did you know face masks and other personal protective equipment to prevent the spread of COVID-19 are tax-deductible?

Today the IRS issued Announcement 2021-7 clarifying that the purchase of personal protective equipment, such as masks, hand sanitizer, and sanitizing wipes, for the primary purpose of preventing the spread of coronavirus are deductible medical expenses under § 213(d) of the Internal Revenue Code.  To learn more, click the link in our bio.

Therefore, amounts paid by an individual taxpayer for COVID-19 PPE for use by the taxpayer, the taxpayer’s spouse, or the taxpayer’s dependent(s) that are not compensated for by insurance or otherwise are deductible under § 213(a) provided that the taxpayer’s total medical expenses exceed 7.5 percent of adjusted gross income.

The amounts paid for personal protective equipment are also eligible to […]

By |March 26th, 2021|Categories: BCo Community News, IRS|Comments Off on PPE is Tax Deductible

Interview with Jennifer Ruth – Path to Partner

In honor of Women’s History Month, it is important to acknowledge that gender diversity at the leadership level can drive advancement, productivity and financial success. This road to leadership is different for everyone. For B+Co’s Jennifer Ruth, Office Managing Partner in San Francisco, it meant being a team player who is focused and flexible. We asked Jennifer about her journey into leadership as a woman and how she developed along her own Path to Partner.

Tell us the story of you and how you decided on a career in accounting.

I started right out of high school as a receptionist for a CPA firm.  Then when I was just starting college at Cal State East Bay, working for the firm guided me to focus on an accounting degree.  I ended up staying […]

By |March 23rd, 2021|Categories: BCo Community News|Comments Off on Interview with Jennifer Ruth – Path to Partner

Women’s History Month

Women’s History Month started as a Women’s History Week celebration in Santa Rosa, California in 1978 to correspond with International Women’s Day on March 8th. Then, because of the rapid popularity, a syndicate of women’s groups and historians—led by the National Women’s History Project – successfully lobbied for national recognition in 1980.  President Carter issued the first Presidential Proclamation declaring the Week of March 8th, 1980 as National Women’s History Week.  In 1987, Congress passed Public Law 100-9, forever designating March as “Women’s History Month.”

This month we honor Christine Ross who was the first woman to attain a CPA license in America.  She passed her CPA exam in June of 1898.  But, the New York Board of Regents didn’t allow women to be granted a license until December 21, 1899.  […]

By |March 8th, 2021|Categories: BCo Community News|Comments Off on Women’s History Month

Partnership tax returns (Form 1065) and S Corporation tax returns (Form 1120S) are due March 15, 2021.

By |March 1st, 2021|Categories: Business Tax|Comments Off on
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