Proposed Lease Rules and Effects on EBITDA

New rules for accounting for leases have been proposed by the Financial Accounting Standards Board (FASB) that will, in essence, require almost all leases to be put on the books as capital leases... read more >

The Propane Tax Credit: Is Your Company Due a Refund?

In February 2011, an insight titled “Propane Tax Credit Extended Through 2011” detailed the extension of the popular 50-cents-per-gallon Alternative ... read more >

IRS Releases Draft Version of Form 8938 for Foreign Financial Asset Holders

Tax

By Ron Kramer

On June 21, 2011, the IRS released a revised draft of Form 8938, Statement of Specified Foreign Financial Assets... read more >

President Obama Touts Advanced Manufacturing: Pennsylvania can lead the way

It’s official…Pittsburgh has changed. The term “manufacturing” took on new meaning recently when President Barack Obama spoke ... read more >

Risk Management - The Audit Committees' Responsibilities

An organization’s audit committee plays a critical role in promoting effective risk management practices. Risk management is just one component of Governance, Risk Management and Compliance, and is an essential practice if an organization expects to achieve its strategic goals and objectives.... read more >

U.S. Mexico Trucking Agreement

On Wednesday, July 6, the U.S. and Mexico came to an agreement over a cross-border trucking dispute that has lasted 15 years. Since the North American Free Trade Agreement was signed in 1994, Mexican trucks have only been allowed to drive within a 25-mile radius of the border.... read more >

What are the Prospects of a Pennsylvania Severance Tax/Impact Fee on Marcellus Shale Gas Wells?

 The Marcellus Shale drilling boom in Pennsylvania has provided the incentive for many groups to call for a severance tax on the production from the wells drilled in the State. However, Governor Tom Corbett is opposed to any new taxes specifically levied on the Marcellus Shale industry.... read more >

American Trucking Associations, Inc. 2011 Annual Conference & Exhibition

The consensus of the participants at the National Accounting & Finance Council (NAFC) of the American Trucking Associations, Inc.’s 2011 Annual Conference was that the future of the transportation industry is bright.... read more >

Working Capital Requirements

Automobile

By Bob Bandi

Most automakers require their dealerships to maintain a certain level of working capital (working capital requirement). The calculation varies among manufacturers. This amount should be shown on the first page of the dealers’ monthly financial statements.... read more >

Pennsylvania Begins Accepting EITC Applications July 1

Tax

By Martin DiGiovine

The Pennsylvania Education Improvement Tax Credit (“EITC”) provides scholarships to low-income students and is funded through corporate contributions, ... read more >