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Revenue Recognition Considerations for Engineering Firms

In August 2017, the FASB issued guidance for engineering firms in connection with the implementation of ASU 2014-09 and the five-step model. Step One requires ... read more >

Revenue Recognition Considerations for Software Companies

In August 2017, the FASB issued guidance for software companies in connection with the implementation of ASU 2014-09 and the five-step model. Step One ... read more >

Siloing of Unrelated Business Income Is Creating Many Questions for Tax-Exempt Organizations

“Siloing” is the term being used to describe the 2017 tax reform change that requires exempt organizations to separate each of their unrelated ... read more >

How Tax Reform has Affected the Manufacturing Industry

On December 22, 2017, the highly anticipated tax reform was signed into law. One goal of tax reform was to help attract manufacturers to return to the ... read more >

Manufacturers Looking for Ways to Reduce Expenses

Manufacturing

By Mark Sarver

Manufacturers across the world are constantly looking for ways to reduce expenses and ultimately increase the bottom line. Some companies have eliminated ... read more >

New Pennsylvania Withholding Requirement on 1099-MISC Filers for Non-Residents

*Alert* - The Pennsylvania Department of Revenue delayed the penalty for failure to withhold until July 1, 2018. See Our Thoughts On dated 2/9/2018. Under ... read more >

TAX REFORM: A NEW DEDUCTION FOR INDIVIDUALS - 20% QUALIFIED BUSINESS INCOME DEDUCTION

The Tax Cuts and Jobs Act provided non-corporate taxpayers (e.g., S-corporations, partnerships, limited liability companies, and sole proprietorships) ... read more >