Congress Exempts Non-accelerated Filers from SOX 404(b)

The Senate approved the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, H.R. 4173, which was approved by the House on June 30. The approval ... read more >

Can a Creditor Take Your Single-Member Limited Liability Company?


By Gregory Allison

On June 24, 2010, the Florida Supreme Court, in Olmstead v. FTC, ordered a debtor to surrender his interest in his single-member limited liability company (“LLC”) to satisfy an outstanding judgment against him individually. The debtor argued that the proper remedy is a charging order, which is an order whereby a creditor is entitled solely to distributions from the entity to satisfy his judgment and is not afforded management or control of the entity.... read more >

HIRE Act Payroll Tax Exemption and Retention Credit

On March 18, 2010, the President signed the Hiring Incentive to Restore Employment (HIRE) Act into law. This act will exempt an employer from paying the ... read more >

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 >