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Nick Lombardo | 4.2.2015

UPDATE: FASB Votes to Defer Effective Date of the New Revenue Recognition Standard

Updated from an earlier posted Schneider Downs article regarding the deferral of ASU No. 2014-09. The Financial Accounting Standards Board (FASB) had a

Hotcakes and Taxes: A Schneider Downs Tradition

180 eggs. 15 pounds of sausage links. 125 slices of French Toast. All the pancakes you could eat. It must be busy season. As the traditional accounting

Pennsylvania Education Tax Credit Update

The Pennsylvania Department of Revenue has issued Informational Notice Miscellaneous Tax 2015-01 (“Notice”) that addresses taxpayer questions

Determining Reasonable Royalty Damages in Patent Infringement Cases

In a prior article, we talked about determining lost profits damages in patent infringement cases. As discussed there, patent owners are to be compensated
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2014 Form 990 Schedule B Instructions Clearly Address Use of the Special Rule

In January, 2014, we published an article addressing the use of the special rule for reporting contributions on Schedule B, Schedule of Contributors, of

Colleges and Universities Re-evaluate Cost-Cutting Approaches

Recent issues of the Chronicle of Higher Education have highlighted the fresh approaches that a few different schools have taken and how these approaches

Credit Bureau - A Cautionary Tale

Not many people know that in the far distant past, I spent five months working for a credit bureau. In those days, credit bureaus were localized and the

Governor Wolf's Proposed Corporate and Personal Income Tax Changes

Newly elected Pennsylvania Governor Tom Wolf released his initial budget proposal, and as anticipated, it contains several modifications to Commonwealth's
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Pennsylvania Budget - Proposed Sales Tax Changes

Pennsylvania Governor Tom Wolf announced his budget to the joint session last week and proposed an increase to the state sales tax rate and an expanded

Next-Shoring: The Next Big Thing

First there was off-shoring (moving a production to emerging markets to take advantage of low-cost labor). Then there was re-shoring (returning production
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