Big Ideas and Powerful Insights

Corey Sherwood Corey Sherwood

Accrual Accounting vs. Cash Accounting - Both Matter.

Accrual accounting and cash accounting both matter because they provide different perspectives on a company's financial health and performance. Each method has its own strengths and is suitable for different situations. Read more to learn why.


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Corey Sherwood Corey Sherwood

Found Money

You work hard for every penny – but do you know where it all is?  Here are just a few things to keep an eye on...

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Corey Sherwood Corey Sherwood

Navigating Yacht Tax Deductions: A Comprehensive Guide for Business Owners

Owning a yacht is a symbol of luxury and success, but did you know it can also offer substantial tax benefits? This guide aims to provide you with the essential knowledge required to maximize tax deductions for your yacht, ensuring you can enjoy the perks of your investment while staying compliant with tax regulations.

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Corey Sherwood Corey Sherwood

Corporate Transparency Act

Starting January 1, 2024, under the Corporate Transparency Act (CTA), millions of businesses must disclose beneficial ownership information to FinCEN, aiming to aid law enforcement in combating financial crimes like money laundering and terrorism financing. Learn more about it in this article.

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Corey Sherwood Corey Sherwood

Building an Amazing Virtual Work Culture

Creating a vibrant virtual work culture isn't just a nice-to-have; it's essential for keeping our team and clients engaged and motivated. Here’s how we do it at BEC.

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