IASB and FASB Take a Second Bite at Revenue Recognition Apple


By Joe Bruce

On November 14, 2011, the IASB and FASB published a revised exposure draft (ED) for revenue from contracts with customers. This revised draft follows the ... read more >

What Are Your Organization's New Year Resolutions?

The beginning of a new year is a good time to assess the content of your organization’s current policies as well as the enforcement effort required ... read more >

Protect Your Business From Fraud

Are your organization’s employees’ trained in fraud prevention and detection practices? Schneider Downs is hosting a free Combating Fraud Seminar. This is a valuable opportunity to hear FBI agents discuss public corruption investigations and attend fraud based educational sessions.  ... read more >

Year-End Checklists...Do You Have One For Technology?


By Bob Whalen

Do you have a checklist of the steps necessary to perform closing journal entries, reports that need to be run, physical inventory, 1099 and W-2 forms being processed in the ERP (enterprise resource planning) system?... read more >

What Carried Interest Means to the Real Estate Industry

Real Estate

By Ryan Broze

A “carried interest,” also known as a “promoted interest,” is a financial interest provided to managers or developers as an incentive to aid/maximize performance of a partnership’s assets and/or investments.... read more >

An Early Holiday Gift from Congress


By Martin DiGiovine

On Thursday, December 22, 2011, Speaker of the House John Boehner reached an agreement with Senate leaders to pass the two month extension of the payroll tax holiday that he previously opposed. Both the House and Senate passed the bill on Friday December 23, 2011.... read more >

Will the Payroll Tax Holiday be Extended?


By Ron Kramer

“Twas the night before Christmas ……. …..and the Payroll Tax Cut is Stuck in the House! The holiday spirit for some 160 million ... read more >

Tips for Year-End Giving


By Tod Wilson

This being the holiday season, most folks are in a giving mood. As such, let’s take a moment to review some of the tax rules related to charitable ... read more >

IRS Announces e-file Extension for 990 Filers

On December 16, 2011, the Internal Revenue Service announced that tax-exempt organizations with January and February filing due dates will have until March ... read more >

Pennsylvania Department of Revenue Issues Guidance Regarding Remote Sellers

Last week the Pennsylvania Department of Revenue (“Department”) released Sales and Use Tax Bulletin 2011-01 regarding the collection responsibilities ... read more >