Selling to the US Government: An Opportunity Often Forgotten

Do you know who the largest “customer” in the world is? Well, it is the United States Government. The U.S. Government purchases more than $425 ... read more >

Manufacturers With Export Sales Should Consider a DISC


By Mark Cobetto

One of the often overlooked federal income tax incentives for U.S. manufacturers with export sales involves the use of a Domestic International Sales Corporation ... read more >

2009 PICPA Not-for-Profit Conference Notes


By Shawn Ryan

News and notes from an attendee at the 2009 Pennsylvania Institute of Certified Public Accountants (PICPA) Non-for-Profit Conference.... read more >

Status Update: Ohio Medicaid and State Children's Insurance Program Funding


By Robert Hazel

In June 2009, the Ohio Department of Alcohol and Drug Addiction Services (ODADAS) and the Ohio Department of Mental Health (ODMH) released a statement relating to the relationship with provider agencies receiving Medical Assistance Program (Catalog of Federal Domestic Assistance [CFDA] 93.778) and the State Children’s Insurance Program (CFDA 93.767) funding.  Effective July 1, 2008, both departments determined that the providers of these funds are to be classified as vendors.... read more >

Place Assets in Service by December 31, 2009 for Enhanced Expensing


By Bob Bandi

The stimulus package signed by President Obama earlier this year provides businesses with two valuable tax incentives in the form of enhanced expensing and bonus depreciation for fixed asset additions.  These accelerated depreciation expenses are only available to offset federal taxable income in 2009.... read more >

ALERT: Expanded Reporting Requirements for Foreign Bank Account Reports (FBAR)


By Ron Kramer

U.S. persons with an interest in a private investment fund organized outside the United States during 2008 must report ownership to the U.S. Treasury on Form TD F 90-221.1, Report of Foreign Bank and Financial Accounts (FBAR) by June 30, 2009.... read more >

PA Governor Proposes Individual State Income Tax Increase


By Jeffrey Wlahofsky

Pennsylvania Governor Ed Rendell proposed an increase in the state personal income tax. Jeff Wlahofksy provides insight into what may happen next.... read more >

FSP FIN 48-d: Application Guidance for Pass-Through Entities and Tax-Exempt Not-for-Profit Entities and Disclosures Modifications for Nonpublic Entities

On May 18, 2009, the Financial Accounting Standards Board released proposed staff position FSP FIN 48-d, Application Guidance for Pass-Through Entities and Tax-Exempt Not-for-Profit Entities and Disclosures Modifications for Nonpublic Entities.... read more >

Deadline Information for FBAR Filing

All U.S. persons that have a financial interest in or signature or other authority over one or more foreign financial accounts with an aggregate value ... read more >