Pennsylvania Extends Keystone Opportunity Zone Act

Recently enacted legislation in Pennsylvania amends the Keystone Opportunity Zone (KOZ), Keystone Opportunity Expansion Zone (KOEZ) and Keystone Opportunity ... read more >

Keeping Good Records-You Can't Afford Not To!

On February 8, 2012, the Commonwealth Court of Pennsylvania (Commonwealth) issued an unfavorable ruling on a Pennsylvania trucking company’s appeal ... read more >

President Obama Releases A Framework for Business Tax Reform

Tax

By Ron Kramer

On February 22, the U.S. Department of the Treasury released President Obama’s framework for reforming the U.S. business tax system. Treasury Secretary ... read more >

Is Your Nonprofit Organization Actually an Investment Company?

In October 2011, the Financial Accounting Standards Board (FASB) issued two exposure drafts: Real Estate – Investment Property Entities and Financial ... read more >

FinCen Issues Temporary Exemption from Mandatory Electronic Filing of FBAR

Tax

By Ron Kramer

In late 2011, FinCen proposed to mandate e-filing of certain reports required under the Bank Secrecy Act effective June 30, 2012. The FBAR was included ... read more >

Privacy Rights - How Far Is the U.S. Behind?

On February 23, 2012, the White House announced a Consumer Privacy Bill of Rights to try and steer corporate America down a path of responsibility in safeguarding ... read more >

Tax and Non-Financial Highlights of Governor Corbett's Proposed 2012-2013 Budget

To continue improving upon the Pennsylvania Department of Revenue’s administrative processes, Governor Corbett included the following proposed policy ... read more >

Tax Credits That Can Offset the Cost of Higher Education

Not-for-Profit

By Jim Gilboy

It is the time of year when many high school seniors are getting accepted to colleges. It is an exciting time for students and their families, but the ... read more >

Knowing When You Can and Cannot Benefit From a Cost Segregation Study

The U.S. Tax Court recently disallowed a taxpayer’s attempt to utilize a cost segregation study to modify costs that were allocated to assets under ... read more >