Commonwealth of Pennsylvania Rules on Sale of Air

The Commonwealth Court of Pennsylvania (“Court”) ruled (Air-Serv Group, LLC v. Commonwealth of Pennsylvania, No. 459 F.R. 2008, April 14, 2011) ... read more >

1031 Exchange Tax Strategies

Construction

By Ryan Broze

The Schneider Downs Construction and Real Estate Industry Group hosted a seminar titled, “Using 1031 Exchange Tax Strategies To Defer Capital Gains ... read more >

President Obama Urges Elimination of Oil Producer Tax Breaks

President Obama, once again, is urging congressional leaders to eliminate long-term tax incentives for the oil and gas industry. He also said that he wanted ... read more >

Pennsylvania Act 32 Registration Process

Tax

By Dennis Loughran

Pennsylvania Senate Bill 1063 was signed into law as Act 32 in 2008 and will be effective for all Pennsylvania counties, except Philadelphia no later than ... read more >

Manufacturing Update: Then and Now

One day about 3 years ago, I sat in a roomful of executives, accountants and economists–we were all pondering what would happen to the economy–as ... read more >

Retirement Plan Updates - New Form 8955-SSA

ERISA

By Gerald Nappi

If your company sponsors a retirement plan and the benefits are subject to vesting, you are required to report information relative to each plan participant ... read more >

Utilizing Automatic 401(k) Enrollment

A common 401(k) problem that many companies face on an annual basis is failing the nondiscrimination test, which results in highly compensated employees ... read more >

2011 Property Tax Relief Announced for Pennsylvania Residents

On April 15, 2011, Pennsylvania Budget Secretary, Charles Zogby, certified that $776.2 million in gaming revenue will be available for relief of Pennsylvania ... read more >

Did You Get Your 2010 Tax Receipt?

Tax

By Ron Kramer

On April 15, Congressman Jim McDermott (D-WA) reintroduced “The Taxpayer Receipt Act,” (H.R. 1583), which would provide each American taxpayer ... read more >