OUR THOUGHTS ON:
Tax

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Merger & Acquisition Costs - Tax Deductible?

Tax

By Evan Ogrodnik

Many U.S. businesses have used the recent economic downturn as a stimulus to revisit and revise their short- and long-term strategic plans. As such, many ... read more >

Pennsylvania Act 32 - Implementation Alert

Tax

By Martin DiGiovine

Recently, we have received many inquiries requesting clarification of a statement made in an informational brochure by the Pennsylvania Institute of Certified ... read more >

Congress Simplifies Cell Phone Deduction and Depreciation Rules

Tax

By Martin DiGiovine

As part of the Small Business Jobs Act of 2010, signed into law by President Obama on September 27, 2010, cellular telephones and other similar telecommunications ... read more >

Claiming a Bad-Debt Deduction for a Shareholder Loan to a Corporation

Tax

By Mark DiPietrantonio

If a shareholder's loan to a corporation becomes worthless, the debt must be considered bona fide to qualify for a bad-debt deduction [Reg. 1.166-1(c)]. ... read more >

Snapshots from the Annual CPE and Networking Events

Schneider Downs hosted its Annual CPE and Networking Events in Columbus on December 3 and in Pittsburgh on December 5. Topics ranged from the Affordable ... read more >

IRS Issues Guidance on 100% Bonus Depreciation

Tax

By Martin DiGiovine

On March 29, 2011, the IRS released awaited guidance (Rev. Proc. 2011-26) concerning the 100% bonus depreciation provision included in the Tax Relief, ... read more >

Multistate Employment Tax Update

Tax

By Barbara Balcita

Many employers question in which states the must have their employee's income taxes withheld, and to which states they must pay unemployment taxes. Barbara Balcita provides a comprehensive overview.... read more >

Pennsylvania Act 32 Registration Process

Tax

By Dennis Loughran

Pennsylvania Senate Bill 1063 was signed into law as Act 32 in 2008 and will be effective for all Pennsylvania counties, except Philadelphia no later than ... read more >

Tax Treatment of Deferred Revenue in a Taxable Stock Acquisition

The general rule under Internal Revenue Code §451 is that an item of income shall be included in gross income for the taxable year or receipt unless ... read more >

Pennsylvania Conforms to 100% Bonus Depreciation

Tax

By Gary Sliman

The Pennsylvania Department of Revenue (DOR) recently issued guidance in Tax Bulletin 2011-01 regarding a change in the calculation for bonus depreciation. ... read more >