What Happened to the 2010 Tax Extenders Legislation?

Tax

By Ron Kramer

Along with the many inquiries as to whether Congress will extend the Bush tax cuts, we are often asked, “What happened to the tax extenders bill?” ... read more >

Accelerating Savings and Incentives on Green Building and Energy-Efficient Renovation

Following the trends in the construction industry and the overall emphasis on environmentally friendly or green building projects, it is important to note ... read more >

New Revenue Recognition Exposure Draft Issued

Construction

By Trevor Warren

In June 2010, the Financial Accounting Standards Board (FASB) issued an exposure draft on revenue recognition - “Revenue From Contracts With Customers.” ... read more >

Pennsylvania Employers to Face Possible Criminal Charges for Worker Misclassifications

Tax

By Martin DiGiovine

Pennsylvania Governor Ed Rendell recently signed Act 72 of 2010 (previously HB 400), known as the Construction Workplace Misclassification Act, making ... read more >

Proposed FASB Revenue Recognition Rules Would Significantly Affect Contractors & Users of Construction Financial Statements

You probably have heard rumblings about the perils of proposed changes to revenue recognition rules, which would have severe implications to the construction industry. What are the details of these implications and the costs associated with compliance if the exposure draft is passed in its current state?... read more >

Ethics Training Now Required for Pennsylvania CPAs

All certified public accountants licensed in Pennsylvania must now complete 4 hours in professional ethics as part of the overall 80-hour biennial requirement. This new ethics requirement... read more >

Accounting and Tax Records Retention

Tax

By Jeffrey Wlahofsky

Many clients ask us how long they should retain their company’s accounting and tax records. Unfortunately, there is no simple and conclusive answer ... read more >

Quality and Internal Controls Go Hand-In-Hand

Many organizations are stunned when quality issues with their products or services seemingly arise overnight. Most recently, mortgage servicing companies ... read more >

W-2 Reporting of Employer-Provided Healthcare Costs Not Required for 2011

Tax

By Martin DiGiovine

The Patient Protection and Affordable Care Act, signed into law in March of 2010, includes a provision that requires the amount of employer-provided healthcare ... read more >

Congress Simplifies Cell Phone Deduction and Depreciation Rules

Tax

By Martin DiGiovine

As part of the Small Business Jobs Act of 2010, signed into law by President Obama on September 27, 2010, cellular telephones and other similar telecommunications ... read more >