Bumpers & Company
Tax & Accounting Blog
Retirement State of Mind – Tax Considerations
Is the cold weather making you think it is time to retire to a warmer climate, or do you want to retire right here in Delaware and continue to enjoy the changing seasons? Which state is best for you to retire in? There are tax regulations unique to each state that can...
New Business Formation – Which Entity is Right for you?
What do you have planned for 2018? Getting ready to start your own business, or just thinking about it? One of the most critical decisions you will make is choosing the type of entity for your business formation. When you choose to form as a C Corporation, S...
Tax Planning Season!
Tax planning season is upon us. Have you reviewed your income and expenses this year to see if there are ways to minimize taxes? Even though uncertainty still exists regarding possible changes to the tax code, there are some considerations that could be beneficial no...
Congratulations, Matthew Galloway, CPA!
We would like to heartily congratulate our newest CPA, Matthew Galloway. Matt passed his exams earlier this year and received his license yesterday. Matt joined Bumpers & Company in January 2016 as an intern and became a full-time Staff Accountant following the...
Reduce Expenses and Enhance your Bottom Line
Is your bottom line not quite what you’d like it to be? Consider a plan to cut expenses. Begin by running a 5-year analysis on your expenses to determine which accounts have increased the most. Then dive into the details and see which vendors have increased prices at...
Should you Convert from a C Corp to an S Corp?
Considering converting your C Corporation into an S Corporation? There are many tax advantages to converting from a C Corporation into an S Corporation under the current tax laws, but the conversion does not always make sense for every business. One of the primary...
QSEHRA: AN ALTERNATIVE TO GROUP HEALTH PLANS FOR SMALL BUSINESSES
Open enrollment and insurance premium increase season is just around the corner. Interested in a more flexible, fixed cost alternative to your traditional group health insurance plan? A Qualified Small Employer Heath Reimbursement Arrangement (QSEHRA) might be the...
6th Annual Volunteer Hose Company Golf Outing 8/25/17
Bumpers & Company is delighted to be supporting the Volunteer Hose Company of Middletown for their 6th Annual Golf Outing fundraiser. Our Managing Partner, Doug Kook, will be swinging his clubs and our firm will be providing complimentary golf towels for all...
Important update for all Partnerships: New IRS Tax Audit Rules
The IRS is changing the way they audit partnerships and assess underpayment of tax beginning in 2018. Underpayment of tax and the assessment of penalty and interest will be assessed at the partnership level versus the individual partner level and the tax will be...
Welcome to our Blog!
We are excited to launch the Bumpers & Company Blog! Through periodic updates, we hope to keep our clients and members of the community informed on important accounting topics, changes to regulations, latest news from our firm and more. If you have a question for...
