Hours-of-Service Rule - Extension

During a regulatory briefing at the recent American Trucking Association Management Conference and Exhibition, it was mentioned that the Federal Motor ... read more >

Revenue Recognition Changes - Update

Construction

By Trevor Warren

Revenue is a critical component of an Organization’s financial statements and is a very important number to users of those financial statements and in most cases plays an important role in how users assess the financial statements.... read more >

Social Security Benefits to Increase in 2012

Tax

By Ron Kramer

Last week, the Social Security Administration (SSA) announced that monthly Social Security benefit checks for more than 60 million Americans will increase by 3.6 percent for cost of living adjustments (COLA) in 2012.  ... read more >

Housing Market Continues to Struggle, But Pittsburgh Metro Better Than Most

Construction

By Joe Bruce

In an October 2011 webinar, an Associated General Contractors of America (AGC) panel discussed current and long-term trends in residential homebuilding showing recovery several years off. Annual national housing starts continue to be in the 600,000 – 650,000 range (since 2009), which remains far below long-run estimated needs ranging between 1.5 million and 1.8 million annual starts... read more >

PA Required Local Earned Income Tax Withholding Begins Soon

Tax

By Thomas Lisak

Pennsylvania Act 32 will require all Pennsylvania employers (except for those located in Philadelphia) to withhold local earned income tax from their employees beginning January 1, 2012.... read more >

First Meeting: IGAF Polaris Members to Converge on Miami

Next week I am going to Miami for the first world meeting of IGAF Polaris, a global association of independent public accounting firms. The importance ... read more >

PA Court Rules Wooden Pallets are Exempt Wrapping Supplies

A manufacturer (taxpayer) establishes that its rentals of wooden pallets, used to transport products from its plant to its warehouse, were exempt from sales and use tax as wrapping supplies.... read more >

Proposed Regulations to Require Unbundling of Fiduciary Fees

Tax

By Michael Darpino

After years of delay, the IRS has issued new proposed regulations regarding the deductibility of fiduciary fees under Section 67(e).... read more >

Substantial Increase in Required Finance Receivable Disclosures: Are You Ready?

Audit

By Lara Fuller

In light of the recent financial crisis, in July 2010, the FASB issued a new accounting standard to improve transparency in financial reporting by companies that hold financing receivables.... read more >

Cap Rates and Real Estate

Gennaro DiBello explains the use of the term "cap rate" in the context of the sale of a commercial rental property.... read more >