FBAR Filing Update: Deadline Extended for Certain Financial Professionals


By Mary Richter

The Financial Crimes Enforcement Network (FinCEN) of the US Treasury Department issued FinCEN Notice 2012-2 on December 26, 2012. This Notice further extends ... read more >

Year-End Participation in Oil and/or Natural Gas Drilling Programs

For many taxpayers, the decision to participate in an oil and/or natural gas drilling program is a near year-end event. However, waiting until the last ... read more >

The Results Are In: Schneider Downs Releases Its 2012 Manufacturer's Economic Survey Results

In November, Schneider Downs completed its 2012 Manufacturer’s Economic Survey. The survey was conducted to assess the challenges faced by manufacturing ... read more >

Construction Spending Dips in November

Construction spending in November 2012 fell after seven months of steady growth, according to the U.S. Census Bureau of the Department of Commerce. Based ... read more >

Transportation Update - Impact of New Legislation

As most are aware, the U.S. Senate and the House approved the American Taxpayer Relief Act of 2012 (Act) on January 1, 2013, averting the “Fiscal ... read more >

How Will the New 3.8% Medicare Tax Affect Auto Dealer Owners?

The 3.8% Medicare tax is in effect as of January 1, 2013. Do you understand how it will affect you? A taxpayer could pay a 3.8% surtax on the lesser of ... read more >

Wait, the United States of America is set to become a net exporter of what?

The recently released World Energy Outlook 2012 from the International Energy Agency (IEA) cited the potential for North America, most significantly the ... read more >

SEC Chairperson Steps Down

In December 2012, Mary Schapiro, Chairperson of the Securities and Exchange Commission stepped down and President Obama designated SEC Commissioner Elisse ... read more >

Tax Portion of Fiscal Cliff Averted for 99% of Taxpayers


By Ron Kramer

Update on House and Senate approvals of the amended version of H.R.8, the "American Taxpayer Relief Act of 2012."... read more >

Use of the "25 % Rule" in Calculating Intellectual Property Infringement Damages

It is hard to ignore the increasing role technology is playing in our lives. Just walk down the street or through the mall and count the number of people ... read more >