BPW Blog

The Social Security Administration released a few changes to the program making an impact in 2017. These changes include a slight increase in payments, rise in earnings limit, a higher tax cap and more. Slight Increase in Payments The beginning of this year brought a slight increase in social security payments by 0.3 percent. This… Read more

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