Pennsylvania Department of Revenue Board of Appeals to Accept Request for Compromise

In what Pennsylvania Department of Revenue Secretary Dan Meuser described as an important first step toward reforming the appeals process, the Department ... read more >

Super Committee Fails to Reach Budget Agreement

Tax

By Ron Kramer

On November 21, the Joint Select Committee on Deficit Reduction announced that it had failed to reach an agreement to cut the federal budget deficit by ... read more >

Pennsylvania Continues Employer Surcharges for Unemployment Contributions

Tax

By Gary Sliman

Due to the insolvency of the Pennsylvania Unemployment Trust Fund, employers will be assessed various add-ons to their basic contribution rate in 2012. ... read more >

FASB Issues Revised Exposure Draft on Revenue Recognition

Audit

By Donald Applegarth

On November 14, 2011, the FASB and IASB (the “boards”) jointly issued their revised exposure draft (ED) Revenue From Contracts With Customers. ... read more >

Vow to Hire Heroes Bill Passed

Tax

By Matt McKinnon

As part of the repeal of the three percent withholding requirement on federal contractors, Senate members added the VOW to Hire Heroes Bill to H.R. 674 ... read more >

Latest Manufacturing Data Released from First Research

The latest statistics for the first three quarters of 2011 have been released by First Research. First Research is one of the leading sources of manufacturing ... read more >

How Well Do You Spread Your Organization's Financial Message?

As an auditor of nonprofit organizations both large and small, I am often struck at how challenging it is to truly understand an organization’s mission ... read more >

FASB Proposes to Defer Portions of New OCI Standard

Audit

By Donald Applegarth

On November 8, 2011, the FASB issued a proposed ASU1 that would indefinitely defer the provision in ASU 2011-05 related to presentation of reclassification ... read more >

Balanced Budget Amendment Fails to Pass the House

Tax

By Ron Kramer

On November 15, a House vote to add a balanced budget amendment to the U.S. Constitution failed by a vote of 261-165. The vote fell short of the 291 votes needed to send the amendment on to the states for ratification.... read more >

Notes from the National Oil and Gas Conference

Recently, I attended the National Oil & Gas Conference sponsored by the AIPCA in Denver. It was a great conference that covered many industry issues. ... read more >