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 >

Sales of Food and Beverages by Exempt Organizations

On February 20, 2009 the Pennsylvania Department of Revenue reissued Legal Letter Ruling No. SUT-04-011. The letter ruling specifically addressed the sale of food and beverages by a church during a community festival. The sales by the church were deemed taxable because it sold to the public and was in competition with other vendors required to collect sales tax. Jennifer Koehler provides analysis.... read more >

Landlords are Subject to City of Pittsburgh Rental Registration Program

The City of Pittsburgh is moving forward with its Rental Registration Program ("RRP"). The program requires all "landlords" to register with the City's Bureau of Building Inspection, which will administer the program, prior to renting out their housing units. The purpose of the program is to ensure all rental units meet standard code requirements. Jennifer Koehler provides analysis.... read more >

Dealing with Goodwill Impairment

Impairment charges generally relate to the deterioration of the general economic environment, decline in a company’s share price, decline in market capitalization and adverse financial market conditions. The current economic environment has had a significant overall impact on reporting entities. Marisa Gentile provides a summary.... read more >

Legislation Targeted to Fix Business Privilege Tax Decision

Pennsylvania State Senator Pat Browne intends to introduce SB 601 that is intended to clarify that a permanent place of business or base of operations is needed to subject a company to a business privilege tax within a municipality. Tim Adams of Schneider Downs provides analysis. ... read more >

Construction Update: The Impact of the Stimulus Package

Is the $787 billion stimulus package signed into law by President Obama on February 17, good news for the American people, and for the construction industry?... read more >

Credits are Running Out: Pennsylvania Educational Improvement Tax Credit Program

The Educational Improvement Tax Credit encourages taxpayers to make donations to qualified organizations by providing tax credits. Applications for fiscal year 2008-09 EITC commenced on July 1, 2008 and will continue until the available tax credits are depleted. Details and background from Schneider Downs.... read more >

Data Security Best Practices: Dealing with Employee Departures

Technology

By Eric Wright

Is the economy forcing you to trim your staff? How sure are you that sensitive data is not walking out the door with your ex-employees? In a recent survey ... read more >