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What the Government Shutdown Means for the IRS

The Internal Revenue Service ("IRS") has updated their Fiscal Year 2018 Lapsed Appropriations Contingency Plan ("the plan") which outlines

Real Estate Industry: Opportunities in the Tax Reform Act

On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (The Act) into law. The Act provides opportunities for all facets of the real estate

Payroll Personnel, Beware of W-2 Scam

The IRS has urged employers to notify their payroll department of a W-2 phishing scam that affected hundreds of organizations—and hundreds of thousands

Worker Shortage an Ongoing Challenge for Construction Firms in 2018

In a recent survey of more than 1,600 construction firms conducted by Associated General Contractors of America, respondents reported that their companies
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Slowdown in International Enrollments Affecting U.S. Colleges and Universities

Many higher education institutions have their financial challenges these days, thanks in part to a saturated market, an increase in online education programs

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)

Geological and Geophysical Costs Now Amortizable Over 24 Months for Certain Non-E&P Companies

Generally, any geological and geophysical (G&G) expenses paid or incurred in connection with the exploration for, or development of, oil or gas within

Standard Mileage Rate for 2018 Announced

For 2018, the standard mileage rate for the use of a car, van, pickup, or panel truck will increase to 54.5 cents per mile for business miles driven (53.5
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The Impact of the Tax Cuts and Jobs Act on Your Construction Company Beyond 2017

If you (or your trust or estate) own an interest in a pass-through construction company, you’ll want to take note of two of the more significant

2018 Brings Additional Withhholding Requirements for Payors of Pennsylvania-Source Income

In October of 2017, Pennsylvania Governor Tom Wolf signed into law Act 43 (“the Act”). Among the other provisions of this Act, companies are
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