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In This Issue
Your BRC Team
Judy Hernandez, Manager, shares a quote about the power of a "can do" attitude: "The person who says it cannot be done should not interrupt the person who is doing it." - Chinese Proverb

Noteworthy Links
Are You a Scorekeeper or a Business Partner? CFO of the Future Will Need to Hone More Skills and Capabilities
When Retirees Should Consider ROTH Conversions Longer Lifespans Impacting Financial Needs
Navigating the Dozens of Different Strategy Options With So Many (Sometimes Contradictory) Choices, It is More Difficult Than Ever to Select the Right Strategy for the Right Circumstance
Are Smaller Companies Poised to Self-fund Health Care? Economic and Risk Equations are Shifting 
Millennials Now Outnumber Boomers. Here's Why That's a Good Thing. Diversity of Thought.
June 26, 2015 
Strategic Tax Planning
Could You Qualify for a 0% Tax Rate on Dividends and Capital Gains?
by Justin White, CPA, Senior Accountant 
We often hear about this elusive 0% tax rate on qualified dividends and long term capital gains ("Preferred Returns"). You or your family might be able to take advantage of it with the right strategy.

As in past years, the rates on the Preferred Returns are linked to your taxable income and marginal tax rate or tax bracket. Although the tax laws are rarely final before the end of the tax year, current law provides for a lower marginal rate on the Preferred Returns than other taxable income.  If an individual, regardless of filing status, has a marginal tax rate of 10% or 15%, the lowest two tax brackets, then that taxpayer's marginal tax rate on Preferred Returns is 0% ("Preferred Rate"). This may present an opportunity to benefit from tax planning.

Read more.

ACA Update
Foreign Bank Account Reporting - 6/30 Deadline Imminent
by Jill Clark, CPA, Senior Manager 
Did you have an interest in, or signature or other authority over, foreign financial accounts whose aggregate value exceeded $10,000 at any time during 2014? This includes brokerage accounts, mutual funds, trust, or other type of foreign financial accounts. If so, you will not want to miss the June 30, 2015 deadline to disclose those accounts to the U.S. Department of Treasury.

The Foreign Account Tax Compliance Act (FATCA) has made it easier than ever for the U.S. government to ensure that U.S. citizens are properly disclosing their off-shore accounts. As of July 1, 2014 new reporting and withholding requirements went into effect to further prevent tax evasion by U.S. citizens through the use of foreign bank accounts. Read more.

ACA Update
Navigating ACA Form 1094-C and 1095-C Reporting
by Tracey Flynn Martin, CPA, Partner

In navigating ACA Form 1094-C and 1095-C reporting, are you already six months behind? If you are an employer who had 50 or more fulltime equivalent (FTE) employees in 2014, you must comply with the new ACA reporting requirements for 2015. Those reporting requirements include completion of Forms 1094-C and 1095-C for 2015.

Form 1094-C Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns is due to the IRS by March 31, 2016 if filing electronically (February 28, 2016 if filing by paper).

Form 1095-C Employer-Provided Health Insurance Offer and Coverage is due to each full time employee by January 31, 2016.

But don't wait until year end to start the process! Read more.

Save the Date!

BRC Financial Symposium - 

3rd Annual


We hope to see you again this year! Want more coverage of a certain topic or issue? Interested in hearing from someone specific at BRC or in the community? We want to know. - Paula McMillan, Director of Marketing & Practice Development ([email protected] / 336.232.4422)



Bernard Robinson & Company | (336) 294-4494 | [email protected] |
1501 Highwoods Blvd, Ste 300
Greensboro, NC 27410
BRC Strategy is designed to provide information of a general nature and is not intended as a substitute for professional consultation and advice.  The opinions and interpretations expressed should not be construed or used as legal or tax advice, written or otherwise, and cannot be used for the purpose of avoiding any penalties that may be imposed under federal, state or local law.