Pennsylvania S Corporation Revocations

For the first time since provisions went into effect in 2006, corporations that are federal S corporations have the opportunity in 2011 to revoke their ... read more >

AICPA Comments on Proposed Lease Accounting


By Todd Lucas

Last month, the Financial Reporting Executive Committee (FinREC) released its comments on the Financial Accounting Standards Board’s (FASB) exposure ... read more >

Distribution Industry: Are You Missing Hidden Value in Your Technology Investments?


By Robert Morgan

For most distributors, growth and profitability depend on their ability to effectively and efficiently manage operations, such as inventory, warehouses, ... read more >

President Obama Calls for Tax Reform in His State of the Union Address


By Ron Kramer

In his State of the Union address on January 25, President Obama called for both fundamental reform of the U.S. corporate tax system and for simplification ... read more >

Bill to Repeal Form 1099 Reporting Requirements for Payments to Corporations Moves Closer


By Ron Kramer

Ahead of President Obama’s State of the Union Address on January 25, Senate Finance Committee Chairman, Max Baucus (D-Mont.), and Senate Majority ... read more >

SEC Names New PCAOB Chair and Two New Members to the Board

The U.S. Securities and Exchange Commission (SEC) Chair Mary L. Shapiro announced on January 7, 2011 that the Commission has appointed James R. Doty as ... read more >

Pennsylvania Tax Incentives for Expanding Businesses

As the economy continues to show positive momentum, businesses may be considering an increase to their workforce in order to keep up with increases in ... read more >

Biodiesel and Alternative Fuels Credit Claims Procedures in Notice 2011-10

The IRS has provided exclusive claims procedures addressed in Notice 2011-10 for biodiesel and alternative fuels credits, which were both extended through ... read more >

Tax Opportunities During Slow Growth Periods

While the manufacturing sector continues to struggle with modest growth, Congress has provided a number of tax incentives for manufacturing companies. ... read more >

Manufacturing to Improve in 2011

Based upon the latest industry data provided by First Research, manufacturing in the US is poised to improve in 2011.... read more >