It's Tax Time-Don't Miss Out on Large Deductions Available for Facility Improvements Completed in 2011

In an effort to get the economy moving again, the 2010 Tax Relief Act expanded enhanced depreciation incentives to include qualified real property. This ... read more >

As the Economy Improves: Keep Your Eye on the Ball

According to most economic forecasters, the economy will gradually improve through 2012 and into 2013. This improvement may materialize at varying speeds ... read more >

Combating Fraud Seminar Provides Business Owners With Prevention Tips

This past January 18, Schneider Downs welcomed 65 guests representing various industries from corporate accounting to its Combating Fraud Seminar. Speakers ... read more >

Texas Business Margin Tax-Logistics/Couriers

The Texas business margin tax was implemented for franchise reports due after January 1, 2008 and thereafter. This tax regime replaced the prior Texas ... read more >

Includible or Excludable Income for Nonresident Aliens in 403(b) Plans

In general, 403(b) plans sponsored by nonprofit organizations are subject to what is known as the “universal availability rule,” which requires ... read more >

IRS Explains How to Claim Expanded Work Opportunity Tax Credit For Qualified Veterans

Tax

By Gary Sliman

The VOW to Hire Heroes Act of 2011 (VOW), enacted November 21, 2011, added two new categories of veterans to the qualified veteran target group. The Work ... read more >

Pennsylvania Senate Passes Legislation Regarding "Base of Operations" for Business Privilege Taxes

Last week the Pennsylvania Senate passed legislation designed to clarify when a local municipality may impose its business privilege tax. Since the Pennsylvania ... read more >

Governor Corbett's Budget Focuses on Reform

In his 2012-2013 budget address, Pennsylvania Governor Corbett emphasized his commitment to reform by “continuing to change the culture of government ... read more >

Another Update on the Payroll Tax Bill (It May Pass When Money Grows on Trees!)

Tax

By Ron Kramer

Even on Valentine’s Day, there’s no love in Congress as House and Senate Conferees try to reach agreement to extend the Social Security payroll ... read more >

Nonprofit Government Funding

Last week Pennsylvania Governor Tom Corbett unveiled the proposed state budget for 2012-2013 of $27.1 billion. The budget included significant cuts in ... read more >