Canadian Tax Rate Reduction Continues for 2012

The Canadian parliament passed a tax reduction plan in 2007 to gradually reduce income tax rates to boost the country’s business investment. The final stage of the federal rate reduction is effective on January 1, 2012, when the rate goes to a low of 15%, down from 22.12% in 2007.... read more >

Pennsylvania Collections on Proposed Assessments

As a result of the recession and the various federal budget cuts, many states are currently in a budget crisis, where spending exceeds collections. Pennsylvania is no exception, where spending has exceeded collections/revenues by $487 million for the first six months of the fiscal year ending June 30, 2012.... read more >

Pennsylvania Publishes Act 32 Manual!

As part of its efforts to define, explain and clarify Act 32, Pennsylvania has very recently published the Act 32 of 2008 Policy and Procedure Manual. ... read more >

Energy Matters - A Free Newsletter from Schneider Downs

Energy was a top story in our region during 2011, and there is no doubt it will continue to make headlines in 2012. Essential topics such as the Marcellus ... read more >

What the Frack? Part II

“Fracking” sounds like a word we use when we don’t want to swear in front of our children. But, in the oil and gas world, this is industry ... read more >

Taking the Pulse of the Industry: Schneider Downs Manufacturing Survey Results

Increased competition, rising costs of raw materials and a shortage of quality workers are the top concerns of manufacturers, according to the findings ... read more >

IRS Using Property Transfer Records to Catch Gift Tax Evaders

Tax

By Melanie LaSota

Pennsylvania and Ohio residents who have recently gifted real estate to family members without filing gift tax returns may soon receive audit notices from ... read more >

Marcellus Shale Payments: Plan for the Best Tax Outcome

Landowners in the Marcellus Shale formation are participating in one of the greatest economic opportunities for Pennsylvanians in our lifetime. This new ... read more >

New Changes to Charity Registration in Ohio

The Ohio Attorney General will make on-line filing of charity registrations mandatory for nonprofits with fiscal years ending on or after November 30, ... read more >

1040 Deadline Extended to April 17, 2012

Tax

By Mark DiPietrantonio

The Internal Revenue Service has announced that taxpayers have until April 17, 2012 to file their 2011 individual income tax returns and pay any tax due.... read more >