Acquisition Opportunities Face New Accounting Guidance

Construction

By Joe Bruce

As many contractors continue to closely monitor raw material prices, headcount and homebuilder confidence reports, speculation continues on when we'll slowly crawl out of the recession. As potential buyers begin to seek targets, it is important to remember that FAS 141(R) will be effective for acquisitions dated on or after January 1, 2009. Joe Bruce explains what this means.... read more >

What's Your Interviewing IQ?

The fundamental premise of interviewing a prospective employee is to keep all questions pertinent. Here's a quiz to test your knowledge of which questions are ok to ask.... read more >

Is Cap and Trade Legislation a Disguised Tax Increase?

Tax

By Martin DiGiovine

On March 31, 2009, Reps. Henry Waxman (D-CA) and Edward Markey (D-MA) released a discussion draft of the American Clean Energy and Security Act of 2009 in the U.S. House Committee on Energy and Commerce. The proposed bill includes a “cap and trade” program in which the government will set a steadily declining ceiling on greenhouse gas emissions, then sell “credits” to energy producers in order to limit their greenhouse gas emissions... read more >

Plan Now for Changes That May Impact Your Dealership

Automobile

By Paul Matvey

Dealership bankruptcy - Considering bankruptcy for your car dealership?  Some general questions and considerations that you should address to structure your strategic plan.... read more >

IRS Strategic Plan Includes Increased Oversight of Exempt Organizations

On April 29, 2009, the IRS released its strategic plan for the years 2009-2013. One objective is to continue a “focused oversight of the tax-exempt sector.”  Schneider Downs provides an overview. ... read more >

Balancing Cost-Cutting Measures/Efficiency Efforts and Risk Management

In the current challenging economy, many businesses have been forced to implement cost-cutting measures and/or find efficiencies in order to survive.  Whether you are cutting costs through methods such as workforce reduction or seeking to reduce waste or gain efficiencies through process improvement techniques, you should not lose sight of the resulting impact on internal controls and risk management... read more >

Obama Wants International Tax Reform

President Obama introduced his plan to crack down on off-shore tax havens and remove tax incentives available to multinational corporations. Martin DiGiovine explores the implications.... read more >

There's No Substitute for Being There...or is there?

Reduce costs, save time, and improve communications through the use of videoconferencing. Whether you’re meeting with a client across town, your ... read more >

Understanding the Three Basic Elements of Manufacturing Costs

Cost accounting is a fundamental requirement for achieving success in manufacturing. To be competitive and profitable, a manufacturer must understand and control the three basic elements of manufacturing costs: direct materials, direct labor and factory overhead.... read more >

PA Rules on Taxability of Church Property

A recent decision by the Commonwealth Court of Pennsylvania stated that the administrative offices of a church were not exempt from Pennsylvania real property taxes.  Jennifer Koehler provides the details.... read more >