Construction Job Growth Remains Sluggish

On June 17, 2011, the Associated General Contractors of America (AGC of America) issued a press release regarding construction employment between May 2010 and May 2011.  While 22 states experienced sluggish and uneven growth, all others saw a decline in the number of construction jobs. ... read more >

The Consumer Financial Protection Bureau's Impending Impact on Small Community Banks

The July 21st deadline is nearly upon us. On this day, the Consumer Financial Protection Bureau (the “CFPB”) is officially open for business.... read more >

Final Reminder to File 2010 FBAR

Tax

By Ron Kramer

U.S. persons are required to file a Treasury Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), each year if they have a financial interest in or signature authority over financial accounts, including bank, securities or other types of accounts, in a foreign country if the aggregate value of these financial accounts exceeds $10,000 at any time during the year.... read more >

Revenue Recognition Guidance to be Re-Exposed

The initial exposure draft conveying proposed new guidance for revenue recognition was issued in June 2010 with a projected final accounting standards update expected to be released in the second quarter of 2011.... read more >

IRS Revises Standard Mileage Rates for the Remainder of 2011

Tax

By Martin DiGiovine

On June 23, 2011, the Internal Revenue Service (“IRS”) issued Announcement 2011-40, revising the optional standard mileage rates for computing the deductible costs of operating an automobile for business, medical or moving expense purposes and for determining the reimbursed amount of these expenses that are deemed substantiated. ... read more >

403(b), A Year Later

ERISA

By Michael Renzelman

Who would have thought that 403(b) plans would have created such a filing nightmare. These plans were established many years ago to provide the nonprofit industry sector a vehicle to establish a simple tool for its employees to save for their retirement on a pre-tax basis.... read more >

For Dealers Considering Facility Upgrades

Automobile

By Steven Barber

As the industry gradually exits the Great Recession and the manufacturers return to profitability, auto dealers are looking at facility upgrades, some ... read more >

Accounting and Marketing to Play Nicely Together

Marketing

By Sean Smith

The Association for Accounting Marketing (AAM) and the American Institute of Certified Public Accountants (AICPA) are teaming up to co-locate the AAM Summit and the AICPA’s Practitioners Symposium/TECH+ conferences, to be held June 10-13, 2012 in Las Vegas.... read more >

Beyond the Marcellus: Utica Shale Presents Opportunity in Pennsylvania

What is interesting for Pennsylvanians and investors nationwide is the development of another shale gas formation called the Utica Shale.  In terms of size, the Utica Shale is believed to be twice as large as the Marcellus Shale formation.  ... read more >

Would Your Controls Prevent Violations Under the Foreign Corrupt Practices Act?

Doing business in a global economy has unique risks. One risk is third parties soliciting illegal payments (i.e., bribes) from companies in exchange for brokering entry into new markets.  ... read more >