Got Risk?

Has your company evaluated its risks, given the current market?  If you’re a public company, you identified risks and documented them as part of your 10K.  Whether your company is public or private, have you evaluated the risks identified and determined if you have controls in place to mitigate, or at least monitor, these risks?  ... read more >

Measuring the Economy

Gross Domestic Product (GDP) provides perhaps the broadest reading on the strength of the economy. This measurement estimates the value of all goods and services produced within the United States. One month after each quarter ends, the Bureau of Economic Analysis (the Bureau) (www.bea.gov) releases its first GDP estimate for that quarter. Patrick Fisher explains why this is important. ... read more >

Transportation Update: More Challenges Ahead?

The trucking industry is considered by many to provide leading indicators from a macroeconomic standpoint. So what do we make of the more than 3,000 trucking bankruptcies in 2008? The startling reality is that a single item is largely responsible for many of these failures. Eugene DeFrank of Schneider Downs provides more information. ... read more >

IFRS Conversion Costs

IFRS

By Donald Applegarth

There have been a number of recent predictions on the overall costs to a company of implementing International Financing Reporting Standards (IFRS). Don Applegarth of Schneider Downs provides an IFRS update. ... read more >

Constitutional Issues and Tax Appeals in Pennsylvania

A recent decision issued by the Pennsylvania Commonwealth Court serves as a reminder to raise any and all pertinent issues at the first level of appeal. Jack Stewart provides a state and local tax update.... read more >

The Year of the SOX - Section 404 Update

No more “stays of execution” appear likely and the possibility for an outright pardon has surely passed. For the non-accelerated filers, 2009 ... read more >

Home Sales Surge Due to First Time Homebuyer Credit

Tax

By Martin DiGiovine

In what seems a rare instance of encouraging news about the economy, the Wall Street Journal reported on March 24 that existing home sales were up 5.1% ... read more >

Asking the Right Questions in Today's Economy

“So, how’s the economy treating your business?” I get the sense that most of us are asked a variation of the question at least a couple ... read more >

Do You Have a Financial Plan?

Investors are nervous and for good reason. We are experiencing a financial crisis the likes of which most of us have never seen before. It has been marked ... read more >

The Early Bird: When to Address Closing Purchase Adjustments

Failure to address issues related to closing purchase adjustment before the execution of a transaction can lead to contention at the day(s) of reckoning, typically 30 to 60 days after the ink has dried. The nature of closing purchase adjustments vary significantly from transaction to transaction. However, as a baseline, it is typical for the parties to compare the seller’s working capital or net assets at the closing of a transaction to its working capital or net assets at a designated earlier point. Consider these steps from Marc Brdar from Schneider Downs Business Advisors.... read more >