International Tax Update

On December 15, 2008, the Fifth Protocol to the US- Canadian tax treaty entered into force. Provisions of the protocol with Canada, which amends the existing ... read more >

Congress Passes Pension Funding and Minimum Distribution Relief

ERISA

By Scott Rain

As a result of a new relief measure that is awaiting the President’s signature, companies whose pension funds suffered losses this year may not have ... read more >

Best Wishes for the Holiday Season

As yet another holiday season approaches, I’d like to take this opportunity to issue the warmest of wishes to all of our extended Schneider Downs ... read more >

Kicking yourself for taking early social security?

Tax

By Laura Fernan

HOW TO UNDO REDUCED BENEFITS AND TAKE ADVANTAGE OF AN INTEREST-FREE GOVERNMENT LOAN If you are regretting taking early Social Security, there is an easy ... read more >

Postcard from the AICPA Conference

Audit

By Donald Applegarth

At the AICPA National Conference on Current SEC & PCAOB Developments (the Conference) held in Washington, D.C. December 8 – 10, 2008, Chairman ... read more >

Compliance Requirements and Yellow Book Findings to be Affected by New Auditing Standard

Government

By Roy Lydic

The AICPA Auditing Standards Board issued SAS No. 115, Communicating Internal Control Related Matters Identified in an Audit, which will supersede SAS ... read more >

Exempt Entities May be Required to Collect PA Sales Tax

In a recent letter ruling, the Pennsylvania Department of Revenue determined that a parent-teacher organization’s sale of items for fundraising purposes ... read more >

Lurking Guidance in Legislation to Protect Identity

You are most likely in the majority that is unaware of the lurking “Red Flag” rules embedded within the Fair and Accurate Credit Transactions ... read more >

403(b) Plans: Are you ready for the new Form 5500 Reporting and Audit Requirements?

Audit

By Mara Bruce

In November 2007, the Department of Labor (DOL) issued amended regulations eliminating an exemption granted to 403(b) plans from the annual Form 5500 reporting, ... read more >

Auto Emergency

Automobile

By Paul Matvey

Never in more than 30 years of working with clients in the auto industry have I seen events unfold as rapidly and dramatically as they have in the past ... read more >