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BPF Announces New Partners

Baker Peterson Franklin, CPA, LLP is pleased to announce Janell Attebery and Justin Holland have become partners of the firm, January 2016

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Tax Planning Strategies: 2015 - Understanding Bank Loan Covenants - 2015 Fresno Food Expo New Product Award Winners and Baker Peterson Franklin - Hall Management Corporation - 2015 BPF Ag Business Award Recipient - 2015 Ag Awards Luncheon - The California Competes Tax Credit - Calendar

BPF eBLAST

In November, the IRS announced that the safe harbor threshold for deducting certain capital items purchased after January 1, 2016 had been raised from $500 to $2,500 for businesses that do not maintain an applicable financial statement. However, for property tax purposes, businesses are still required to maintain these capital items on their property tax schedules and report the items based on county guidelines. How does this affect my business? The capital item will have a basis for property tax purposes but not for tax or financial statement purposes. The capital items will be maintained on the property tax schedule for property tax reporting. The taxpayer will also need to track the disposal of these items, even if they do not have a basis for tax or financial statement purposes. If you have questions regarding how to track this for your business, please contact our office.

Announcements

February 5, 2016

BPF Announces New Partners

Hear From our Clients

BPF's values and company culture match up with Geil Enterprise’s perfectly. BPF genuinely wants our company to succeed...

BPF provides us with the knowledge and technical expertise to do so. We learn constantly from BPF, which ultimately helps our business succeed. I also like working with people who I also enjoy on a personal level. BPF is the best vendor I have ever worked with. I would recommend them to anyone and often do.

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