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BCo Celebrates Black CPA Centennial

We celebrate Black History Month and the significant achievements of Black Americans that have been trailblazers in the accounting profession.

This year commemorates the centennial celebration of John W. Cromwell, Jr. becoming the first Black CPA in the U.S. In 1921, John W. Cromwell, Jr. received this landmark achievement 25 years after the first certified public accountant (CPA) certificate was granted in the U.S. Cromwell graduated from Dartmouth in 1906, then in 1907, he earned a Masters degree. Cromwell was not allowed to sit for the CPA exam in Washington, D.C., Virginia, or Maryland. Plus, all places had experience requirements which proved to be the biggest barrier to African Americans becoming CPAs. It took Cromwell 15 years to receive his public accountant certification. Luckily, in 1921, New Hampshire passed legislation no […]

2018 – 2019 Tax Planning Guide

With the end of the year rapidly approaching, we are once again reaching out to share our annual Tax Planning Guide with you. The 2018/2019 Tax Planning Guide is available here www.webtaxguide.net/Bregante.

The Tax Cuts and Jobs Act (TCJA), passed in December 2017, included sweeping tax law changes that will impact individuals and businesses including:

Small decreases in most individual income tax rates, elimination of personal exemptions but increased standard deductions depending on filing status, higher exemptions for alternative minimum tax (AMT) which should significantly decrease the number of individuals subject to AMT, increase in the child tax credit and special federal tax breaks for income individuals receive from pass-through entities such as partnerships, limited liability companies and S corporations.
Elimination of or limitations to several personal tax breaks […]