Senate Amendment to House Jobs Bill To Extend 50% Bonus Depreciation Through 2010


By Ron Kramer

On June 29, the Senate agreed to take up the House’s Small Business Jobs and Credit Bill of 2010 (HR 5297). The Senate added a substitute amendment ... read more >

Take Advantage of a Reduction in Your Company's Value by Gifting Stock

For business owners who are considering gifting shares of the company stock: now may be the time to act! Due to the economic recession that has beset the ... read more >

New Financial Statement Presentation on the Horizon


By Steven Thompson

The FASB is working on an exposure draft that would significantly revamp the way financial statements are presented. Financial statements would be comprised ... read more >

CEO Perspective: Connecting to the World

Raymond W. Buehler, Jr., President and CEO of Schneider Downs, has been named Chair of the world board of IGAF Worldwide. In this insight, he provides his perspective on the changing global marketplace.... read more >

Fair Value Measurement Disclosure Proposal Issued by the IASB


By Todd Lucas

On June 29, 2010, the International Accounting Standards Board (IASB) issued for public comment an exposure draft on the fair value measurement of Level ... read more >

CPE Changes for Pennsylvania CPAs

The Pennsylvania State Board of Accountancy (the Board) recently amended regulations relating to continuing professional education (CPE).... read more >

The PCAOB Survives Constitutionality Challenge

The Public Company Accounting Oversight Board (PCAOB) was created by the Sarbanes-Oxley Act of 2002. In February 2006, a lawsuit filed in the federal District ... read more >

Roth IRA Conversion for the Business Owner

We have all heard about the change in the tax law for 2010 that now allows individuals with annual income levels above $100,000 to do a Roth IRA conversion. ... read more >

UK Raises VAT and CAP Gains Rates to Lower Country's Budget Deficit

The UK Chancellor of the Exchequer, George Osborn, presented the government’s budget on June 22, calling for a 77% cut in public expenditures along with 23% increases in various taxes in an attempt to lower the budget deficit from 10.1% of GDP to just 1.1% of GDP by 2015/16.... read more >

Gas Prices Potentially Impacted by Gulf Oil Spill and President Obama's Proposed Solutions

President Obama announced his three-part solution to the ongoing Gulf Coast oil spill as follows: Stopping all oil drilling in the Gulf of Mexico until ... read more >