New Intangible Drilling Costs (IDC) Treatment for Pennsylvania in 2014
For many years, calculating the proper Intangible Drilling Costs (IDC) deduction for Pennsylvania income tax purposes has been unclear and difficult. Recently, ... read more >
For many years, calculating the proper Intangible Drilling Costs (IDC) deduction for Pennsylvania income tax purposes has been unclear and difficult. Recently, ... read more >
Under Internal Revenue Service (IRS) guidelines, plan sponsors that offer “safe harbor” contributions within their qualified retirement plans ... read more >
The Pennsylvania Department of Revenue issued Information Notice: Realty Transfer Tax 2014-01 ("Notice") to provide guidance regarding the changes ... read more >
The IRS has simplified the procedures for electing U.S. tax deferral for Canadian Registered Retirement Plans (RRSPs and RRIFs) by eliminating the requirement ... read more >
Frauds are often perpetrated by “long-time trusted employees” The phrase “long-time trusted employee charged with (convicted of) stealing” ... read more >
How did September 2, 1974 change retirement plans for Americans? It was on that date that The Employee Retirement Income Security Act (ERISA) was signed ... read more >
As donors, employees and board and community members, we’ve all heard the term "overhead" used in the nonprofit community. Overhead is ... read more >
On October 7, 2014, the IRS issued a new revenue procedure, Rev Proc. 2014-55, which eliminates the requirement to attach Form 8891 to an individual income ... read more >
Clients often ask how long their companies should retain their accounting and tax records. Unfortunately, there is no simple and conclusive answer. Records ... read more >
As we move closer to the end of the year and prepare for upcoming financial statement audits and reviews, it is important to remind everyone that the Financial ... read more >