PRIMARY CONTACT: Patrick B. Armknecht CPA, CITP 
 

United States Deals with Baby Formula Shortage

Read how the Baby Formula Shortage is a reminder to consistently evaluate supply chain risk to your organization, and to have a plan in place to mitigate risk.

Staying Secure During Vacation Season

Stay cyber safe during vacation season with these tips from the Schneider Downs cybersecurity team.

What Would You Say You Do Here?

Explore the new Schneider Downs video series showcasing how big thinking and personal focus are driving client success.

Cash and Controls: Qualifying for Cyber Insurance in 2022

Learn more about the increasingly competitive cyber insurance landscape and the key security controls businesses must have in place to qualify for coverage.

Why The Coinbase Super Bowl Commercial Left Security Professionals Shaking Their Heads

Learn why security professionals were less than thrilled with the Coinbase QR code Super Bowl commercial.

Individual Tax Filing Season to Begin January 24

Learn more about US individual tax filing season beginning when the agency starts accepting and processing 2021 tax returns on January 24, 2022.

New Pennsylvania Electronic Payment Requirements for Personal Tax Payments Greater than $15,000 Beginning January 1, 2022.

Learn more about the January 1, 2022 requirement that personal income tax payments equal to or greater than $15,000 must be paid electronically.

Schneider Downs Trucking Industry Whitepaper Series Update

Explore critical topics facing the trucking industry in our State of the Industry whitepaper series from Schneider Downs and the Ohio Trucking Association.

Apache Log4j Vulnerability Update – Government Responses and Ransomware Activity

The article provides a comprehensive update on government responses and ransomware activity associated with the Apache Log4j vulnerability.

Apache Log4j Vulnerability Update

Learn more about the Apache Log4j remote code execution vulnerability and why this is already regarded as one of worst software flaws in years.

Important Tax Savings News for the Construction Industry: Meals Portion of Per Diem Rate or Allowance Now 100% Deductible for 2021 and 2022

Learn more about IRS notice 2021-63 providing construction tax savings regarding meals portion of per diem rate or allowance now 100% deductible for 2021.

Estates and Trusts Tax Update - November 2021

Get the latest estates and trusts tax updates from our estate planning professionals.

Higher Estate Tax Exemption Amount for 2022

Learn more about the increased exemption amount from the federal estate tax in 2022.

International Fraud Awareness Week 2021

Learn more about the Association of Certified Fraud Examiners International Fraud Awareness Week.

Tax Reform 2021 - Build Back Better: Proposed Changes to Section 199A Qualified Business Income Deduction

Learn more about the proposed changes to section 199A qualified business income deduction under the Build Back Better Act.

Proposed Legislation Targets Estate and Gift Tax Planning

Learn more about the estate and gift tax planning opportunities under the proposed Build Back Better Act legislation and what those changes entail.

IRS Provides Taxpayer-Friendly Guidance for the Employee Retention Credit

Learn more about the recent IRS Guidance regarding the Employee Retention Credit, including clarity on Gross Receipts.

COVID-19 Scams Surge with New Variants

Learn about the rise in scams related to the recent COVID-19 surge to be better prepared to identify and avoid these threats.

Advanced Child Tax Credit

Read about the American Rescue Plan's changes to the Child Tax Credit .

Ohio’s New Budget

Learn more about how HB 110 will impact Ohio's Tax Budget.

Largest Ransomware Attack on Record Hits During the U.S. Holiday Weekend

Learn about the largest ransomware attack on record that occurred over the 2021 Fourth of July holiday weekend.

Ohio Update on the Unemployment Benefits Exclusion for Taxpayers Who Filed Prior to the Enactment of the American Rescue Plan Act

Learn more about the unemployment benefits exclusion for Ohio taxpayers who filed their 2020 taxes prior to the enactment of the American Rescue Plan.

What’s the Difference Between SOC 1 and SOC 2 Reports?

Learn about the differences and similarities between SOC 1 and SOC 2 reports.

What Are The Top Ten Cybersecurity Strategy Mistakes of 2021?

Learn about the top ten cybersecurity strategy mistakes organizations are making in 2021 and best practices to avoid these common pitfalls.

Ransomware Attack Shuts Down Major U.S. Pipeline Operator

Learn about the Colonial Pipeline cyber-attack, one of the largest ransomware attacks in American infrastructure history.

The American Families Plan – Proposed $1.8 Trillion Spending and Tax Plan

Learn more about the American Families Plan, a $1.8 trillion spending proposal envisioned to further boost the economy proposed to congress on April 28, 2021.

Special Alert: Microsoft Releases Critical Update for Exchange Server

Learn about the critical HAFNIUM Microsoft Security Exchange Patch.

Top 5 Implementation Lessons Learned Under ASC 842

Learn more about the Top 5 Implementation Lessons Learned while implementing ASC 842 for your organization and how you can get ahead of the game.

Top Risks to Consider in 2021

Read more about an IIA report which provides perspective from key members of risk management functions and offers insight on potential areas of focus over the next year.

Building a Strong Phishing Defense

Learn how to strengthen your phishing resilience and cybersecurity posture.

Pennsylvania PPP Loan Forgiveness and Deductibility of Expenses

Learn more about the PPP Loan Forgiveness and Deductibility of Expenses and what is included in taxable income for Pennsylvania.

Warning Signs of a Business Email Compromise Attack

Learn about common warning signs of a business email compromise attacks.

Introducing The Economic Aid Act FAQ Video Series

Hear from our team of experts on a number of critical topics and questions related to the Economic Aid Act in our series of short FAQ videos. Topics covered include the second round of PPP, EIDL and SVO SBA.

Schneider Downs COVID-19 Client Survey - Our Thoughts On Survey Results

Schneider Downs Announces COVID-19 Survey Results Companies impacted by the COVID-19 pandemic expressed concerns about the global impact of reduced consumer

FASB Delays Leasing and Revenue Recognition for Certain Organizations in Response to COVID-19

On Wednesday, May 20, 2020, the FASB voted to delay the effective date of ASU 2016-012, Leases and ASU 2014-09, Revenues from Contracts with Customers

SBA Releases PPP Loan Forgiveness Application – With Instructions and Changes

This article was updated on May 17, 2020. Updates to this article will be made as new information becomes available. Schneider Downs continues to track

Forgiveness Thoughts

As the Federal government continues to seek expanded funding for the Paycheck Protection Program (PPP), there are many companies that have received their

Important Update on SBA 7(a) Loan Program Under CARES Act

Learn what additional information the U.S. Department of Treasury published On March 31, 2020 regarding the application process for the Paycheck Protection Program.

Phase III SBA Overview

This article was updated on March 27, 2020. Updates to this article will be made as new information becomes available. Coronavirus Aid, Relief, and Economic

Pennsylvania Covid-19 Working Capital Access Program

Learn about the key details related to the COVID-19 Working Capital Access (CWCA) Program and how you may be eligible for working capital loans.

Senate Passes the CARES Act – $2 Trillion Relief Package Moves to the House

Learn what the Coronavirus Aid, Relief, and Economic Security Act, or the “CARES Act”, including new loan programs.

The Coronavirus and Pandemic Planning

Learn more about business continuity in the event a pandemic unfolds including managing through COVID-19.

Judge Hands Down Longest Sentence to Date in College Admissions Scandal

On February 7, a federal judge in Boston issued the most severe verdict yet to a parent involved in Operation Varsity Blues, the college admissions scandal

Given Everything We Can Do Online, Why Not Voting?

Learn more about some risks involved with the implementation of online voting.

SECURE Act: Modification of Required Minimum Distribution Rules for Designated Beneficiaries (Section 401)

Based on the new provisions of the SECURE Act, there are now much more restrictive rules surrounding a required minimum distribution (RMD) to designated

Wawa's Data Breach

Reset the days without a major data breach back to zero. In the constantly evolving world of cybersecurity, it doesn’t look like the phrase above

Ryuk Ransomware Facts and Protections

Ransomware is a type of malicious software that either prevents access to existing files or to the computer entirely until a ransom is paid. It is so widespread

Russian Hackers Indicted in Pittsburgh

Two Russian nationals, Maksim Yakubets and Igor Turashev, were indicted in Pittsburgh on December 5th, for involvement in international multimillion-dollar

Six Cybersecurity Tips for the Holiday Shopping Season

Ho, ho, ho, hold on before clicking on that link advertising an amazing deal this holiday season. Phishing, that ever-present and ever-growing organizational

The Physical Side of Cybersecurity

At Schneider Downs, we always strive to uphold our responsibility to serve as trusted cybersecurity advisors to our clients and to the community at large.

Vulnerability Scanning versus Penetration Testing

When organizations look to assess the resiliency of their information systems, there tends to be some confusion around what exactly vulnerability scanning

Ransomware Still a Growing Problem for Organizations of All Sizes

While the concept of malware-based extortion has remained relatively unchanged since the first documented occurrence in 1989, attackers have spent the

Department of Labor Announces Rule to Strengthen Retirement Security for Millions Employed in Small and Mid-Sized Businesses

Citing a 2018 report by the U.S. Bureau of Labor Statistics that approximately 38 million private sector employees in the United States lack access to

Capital One Data Breach Exposes 100 Million Records to Seattle Hacker

Barely a week after the Equifax data breach was settled for nearly $650 million dollars, there appears to be news of an almost equally large mega-breach

#1 Mobile App Garners Concerns Over Data Privacy

If you haven't already downloaded FaceApp, you have probably either heard of it or witnessed your Facebook turn from an office party to a nursing home

ACFE releases Anti-Fraud Technology Benchmarking Report

With the advancement of technology over the years, the avenues for fraud perpetration, protection and detection have multiplied. In an effort to gain a

Proposed Accounting Standard Update Would Delay Private Company Effective Dates for Leases, Current Expected Credit Losses (CECL) and Hedging Updates by One Year

On July 17, 2019, the Financial Accounting Standards Board (FASB) voted unanimously to move forward with delaying the effective start date for recent accounting

National Flood Insurance Program Extension

As I watched the pounding rain from my window for the third straight day, I could only imagine the damage this unpredictable spring weather was inflicting

Manufacturing's Workforce Crisis

According to the National Association of Manufacturers' latest Outlook Survey, 90% of manufacturers are optimistic about their company's future.

Skilled Labor Shortage in the Manufacturing Industry

The Federal Reserve released its most recent Beige Book on June 5, 2019, which summarizes current economic conditions, including challenges, opportunities

I Want Mine - Social Security Simplified

I have this love/hate relationship with social media. In late April, when The 2019 Social Security and Medicare Trustees Reports were published, the key

Part Five in a Series: Managing Risks of Technologies Emerging as Business Opportunities: Chatbots

What are chatbots? Chatbots are computer programs or artificial intelligence (AI) that conduct a conversation via audio or text. These programs are typically