BPW Blog

The construction industry has discovered that greening its energy sources with renewable energy initiatives is good not only for the global environment, but also for the bottom line. Many construction companies took their cue from Ray Anderson, the late CEO of Atlanta-based global carpet company Interface. When Anderson decided to move Interface’s manufacturing operations toward… Read more

The IRS recently provided interim guidance to qualified small businesses on a new option for claiming the research credit. Eligible businesses are now able to offset payroll taxes by applying the research credit against their payroll tax liability, something that could only be applied toward income tax liability prior to 2016. As part of the… Read more

Now’s the time to start saving for your child’s higher education, and a 529 plan, named after Section 529 of the Internal Revenue Code, is one way to put aside funds when the time comes to head off to college. 529 plans are nationwide, tax-advantaged saving vehicles that let you finance your children’s college in… Read more

Not-for-profit organizations will see big changes coming soon to their financial reporting. After years of discussion, the Financial Accounting Standards Board (FASB) issued a new accounting standard aimed to improve not-for-profit financial reporting. The new standard intends to help not-for-profits provide a clearer picture regarding net asset classifications, create more consistency in reporting, including enhanced… Read more

Due to recently finalized regulations, companies that develop software for their own internal use may now be able to qualify for the Research and Development (R&D) credit. Under T.D. 9786 Section 41, R&D expenditures that were previously excluded under the Internal-Use Software (IUS) rules may now be eligible for valuable tax credits. The final regulations… Read more