Revenue Recognition for Franchisors
In 2014, the FASB issued new revenue recognition guidance that replaces most pre-existing revenue recognition guidance, including industry-specific guidance, in U.S. GAAP.
Read this Insight...Fed Raises Its Policy Rate by 75 Basis Points as It Prepares to Slow Pace of Hikes
The Federal Reserve increased its policy rate by 75 basis points on Wednesday to a range between 3.75% and 4% as it hinted at slowing the pace of its hikes.
Read this Insight...What Is an S-Corp Election?
Business owners often struggle with determining the optimal legal structure and tax treatment for their business. This video will explain an S-Corp tax election and how it may benefit you and your business.
Read this Insight...IRS Grants Failure to File Penalty Relief for 2019 and 2020 Returns
Executive Summary The IRS released Notice 2022-36 providing relief for certain taxpayers from certain failure to…
Read this Insight...The Price of War: Risks Around the Inflation Outlook
While we expect the annual inflation rate to peak this quarter as comparisons to the lower…
Read this Insight...2014 Year-End Tax Planning for Businesses
It is that time of year to start thinking about your year-end tax planning. Let's dive into a ...
Read this insight 2014 Year-End Tax Planning for Individuals
It's hard to believe that we are getting towards the end of another year, but with ...
Read this insight Bonnie Zappacosta Receives 40 Under 40 Award
Congratulations to BPW's Marketing Manager, Bonnie Zappacosta, who was recently named one of the 2014 40 ...
Read this insight The Tax Reform Act of 2014’s Effect on Nonprofits
In early 2014, Dave Camp, U.S. Congressman and Chairman of the Ways and Means Committee, unveiled ...
Read this insight Phone Scams Continue
It is important to us at BPW to keep our clients and community apprised of not only important industry ...
Read this insight CA Partial Sales and Use Tax Exemption
As a way to encourage economic growth in California, a new tax law recently went into ...
Read this insight Targeted Partnership Allocations on the Rise
When working with partnership formation agreements for traditional partnerships and Limited Liability Companies, it has become ...
Read this insight The IC-DISC: How Your Foreign Sales Can Save You Tax
If your business exports goods that are made or grown in the United States or performs ...
Read this insight Regulations Released for Estate and Trust Deductions
The IRS has issued final regulations as to which costs incurred by non-grantor trusts and estates ...
Read this insight Converged Standard on Revenue Recognition Released by FASB and IASB
After many years of collaboration, the Financial Accounting Standards Board (FASB) and the International Accounting Standards ...
Read this insight A Major Change in the Rules of IRA Rollovers
With a recent ruling by the United States Tax Court (the Court), there is now a ...
Read this insight The Magic of AP Automation
Somewhere in an office not so far from here, there is a company that gets all their ...
Read this insight