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PCAOB Adopts New Standard on Auditing Accounting Estimates

The Public Company Accounting Oversight Board (PCAOB) adopted a new standard on auditing accounting estimates. The standard is in response to the increasing

The End of an Era – LIBOR Interest Rate

The London interbank offered rate (LIBOR) is arguably one of the most important numbers in the finance world. You can find it within most variable-rate

Proposed Economic Presence Standards for Philadelphia’s Business Income and Receipts Tax

The City of Philadelphia has drafted proposed economic nexus standards for Business Income and Receipts Tax (“BIRT”) based upon the recent

Transportation and Logistics to Continue Strong, if Slower, Growth in 2019

The bustling U.S. economy – led by robust consumer spending and energetic demand on durable industries like construction, manufacturing and mining
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IRS Provides Safe Harbors For Business Charitable Contributions

The Tax Cuts and Jobs Act passed in December 2017 created Internal Revenue Code (“IRC”) §164(b)(6), which limits the annual deduction

Long-Awaited Employee Benefit Plan Audit Standard Final Balloted

In April 2017, the Audit Standards Board (ASB) issued an exposure draft of the Proposed Statement on Auditing Standards (SAS), Forming an Opinion and Reporting

Pennsylvania’s Economic Nexus Provision for Sales and Use Tax

On January 8, 2019, the Pennsylvania Department of Revenue issued Sales and Use Tax Bulletin 2019-01, clarifying how the Department will apply economic

Understanding Cyberthreats in our Energy Infrastructure

Cybercrime Motive Most cyberattacks are simply motivated by money – revenue from cybercrime has reached nearly $1.5 trillion per year. The majority
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Making Your Benefit Plan Audit Easier

Generally, any plan with 100 or more participants requires a plan audit. Whether your plan has already reached this threshold or you anticipate the plan
ERISA
Lindzee Nicholson | 1.11.2019

Mortality Scale 2018 Update

In October 2018, the Society of Actuaries released its annually updated mortality improvement scale for pension plans, MP-2018, based on the same methodology
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