New Rules Proposed for Substantiating Charitable Contributions

UPDATE to proposed treasury regulations. Currently, to claim a tax deduction for a charitable contribution, a taxpayer must obtain a contemporaneous written ... read more >

EMV Chip Card Technology: What You Should Know

Retail

By Adam Goode

October 1, 2015 was the deadline for most merchants to upgrade their credit card terminals to EMV-enabled devices or risk assuming responsibility for any ... read more >

Pennsylvania Budget Update November 2015

There are signs of progress in Pennsylvania’s budget standoff. On November 9, the Governor’s office and Legislature signaled potential agreement ... read more >

Postcard from Manchester, U.K.

Manchester is the second-largest city in the U.K. and has experienced quite a renaissance from its days as the U.K.’s first industrialized city. ... read more >

Brace Yourself for Holiday Shopping (Already)

Retail

By Sean Smith

I haven’t even finished our leftover Halloween candy, yet I’m already seeing retail point-of-purchase displays for this year’s holiday ... read more >

College Scorecard: What It Is and What It Isn't

The White House revealed the new College Scorecard website in early September. The purpose of the College Scorecard is to increase transparency among colleges, ... read more >

Not-for-Profit Reporting Model - Part 7: Financial Accounting Standards Board (FASB) to Redeliberate the Proposed NFP Reporting Model

The FASB announced at its October 28, 2015 Board meeting that it will be redeliberating the April 2015 proposed Accounting Standards Update, Not-for-Profit ... read more >

IRS Phone Scams and What to do to Avoid Being Swindled

Tax

By John Kohler

Recently, I received a voice message (on my work phone) from "IRS Agent White," who informed me that I have large outstanding balances with the ... read more >

Oil and Gas Investor Subject to Self-Employment Tax for Fractional Working Interest Ownership

A recent court case, Methin v. Commissioner, T.C. Memo 2015-81, ruled that an investor’s small (at times 5% or less) share of a working interest ... read more >