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Can For-Profit Subsidiaries of Not-for-Profit Entities elect to Amortize Goodwill under ASU 2014-02?

In January 2014, FASB issued ASU No 2014-02, Intangibles- Goodwill and Other, allowing private companies the option of amortizing goodwill over a 10-year

PA Introduces New Bills To Protect Landowners

In January, State Senator Gene Yaw (R) has reintroduced Senate Bill 147 and Senate Bill 148, which were then both approved unanimously by the PA Senate
Tax
Mary Richter | 2.3.2015

ABLE Act: Benefitting Our Community

Recently, Congress passed the ABLE (Achieving a Better Life Experience) Act, and President Obama signed it into law on December 19, 2014. This Act encourages

Electronic Logging Devices to Assist Proposed Rules Targeting Unfit Drivers and Fleets

In the battle to root out unqualified and unsafe drivers, the Federal Motor Carrier Safety Administration (FMCSA) is in the final stages of drafting new
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President Obama Proposal Targeting Capital Gains Loophole

In his recent State of the Union Address, President Obama outlined his plan to simplify the tax code and make it more fair. His approach to simplification

Sunset of the SysTrust for Service Organization Controls (SOC) Seal Program

The AICPA and CPA Canada announced that the SysTrust and SOC 3 SysTrust for Service Organizations seal programs are being discontinued. The discontinuation

Tax Ramifications of the National Labor Relations Board (NLRB) Decision in Making College Athletes Employees

On March 26, 2014, Peter Sung Ohr, Regional NLRB Director, announced that athletic scholarships given to Northwestern University football players represent

Identity Protection Personal Identification Numbers

One of the fastest-growing crimes in America is identity theft. A stolen identity can easily be used to cover the tracks of many criminals as they fraudulently
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Government, Tax
Cody Domasky | 1.20.2015

Newly Proposed Tax Abatement Disclosures

The Governmental Accounting Standards Board (GASB) issued an Exposure Draft on tax abatement disclosures in October 2014. Changes to standards can affect

Pennsylvania Charitable Solicitation Registration Changes - Alignment at Last!

At long last, charitable organizations filing Form BCO-10, Charitable Organization Registration Statement with the Commonwealth of Pennsylvania’s
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