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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Pittsburgh Business Times

PHOTOS: 2018 Best Places to Work event

Fri, Oct 19, 2018

Winners of the 2018 Best Places to Work awards celebrated at a tropical-themed luncheon on Oct 19 at the Westin Convention Center Hotel. Rankings of the winners were announced at the event, along with naming both the category winners and overall winner. Attendees were entertained with a Polynesian dance performance and a hula contest. To see who attended, click on the photo above to start a ...

What does it take to be a Best Places to Work award winner?

Fri, Oct 19, 2018

Each year, the Pittsburgh Business Times releases its list of Best Places to Work in Western Pennsylvania. This year, we honored 65 companies. This program highlights companies in the Pittsburgh region that go the extra mile to keep their employees happy and engaged. Winning companies are selected based on the results of an online employee survey. But to learn what it takes to be one of the B...

Primanti Bros. to open location at Pittsburgh International Airport

Fri, Oct 19, 2018

Primanti Bros. is coming to Pittsburgh International Airport. The famous sandwich shop will open it's first airport location at the airport next spring, according to a release from the Allegheny County Airport Authority. Primanti Bros., which features sandwiches piled with french fries and coleslaw, is a Pittsburgh staple. "Passengers have been asking for an airport Primanti (Bros.) for year...

Sources: New vision of tech and robotics hub in the works for Sears Outlet in Lawrenceville

Fri, Oct 19, 2018

Global firm with investments everywhere from San Francisco to Paris is drawing up redevelopment plan for 14-acre site in Lawrenceville, sources say ...

Involuntary Chapter 7 bankruptcy filing made against OneJet

Fri, Oct 19, 2018

OneJet’s legal troubles increased this week as it was ordered to appear in U.S. Bankruptcy Court for the Western District of Pennsylvania to answer an involuntary Chapter 7 bankruptcy filing on behalf three holders of promissory notes worth $4.95 million. Chapter 7 bankruptcy filing involves a group of creditors petitioning the court to declare a company bankrupt. The involuntary bankruptcy in...

KDKA-TV names Kathy Hostetter as news director

Fri, Oct 19, 2018

Kathy Hostetter has been named news director at KDKA-TV. According to a release, Hostetter was appointed by station vice president and general manager, Jay Howell. She comes to Pittsburgh from WTHR-13 in Indianapolis, where she currently serves as news director. Previously, she was news director at WISE (Fort Wayne, Indiana), WAVY/WVBT Portsmouth, Virginia) and WAVE (Louisville, Kentucky) "...

Fintech startup tags Series A capital for expansion

Fri, Oct 19, 2018

Growing from 4 to 30 staffers in less than two years, iraLogix looks to add more people and services and explore new directions. ...

2018 Best Places to Work rankings

Fri, Oct 19, 2018

The Pittsburgh Business Times announced the rankings of the 2018 Best Places to Work at a luncheon on Oct. 19 at the Westin Convention Center Hotel. The overall winner and of the small company category, which includes companies with between 10 and 24 employees, was Solutions4networks. View the slideshow above to see where all of the companies ranked overall and by size category, and who each ...

Best Places to Work overall winner: Solutions4networks: 'We believe that culture eats strategy for breakfast'

Fri, Oct 19, 2018

Solutions4networks is the overall winner of the 2018 Best Places to Work awards. ...

Best Places to Work category winner: Covestro's workplace culture evolved following spinoff from Bayer

Fri, Oct 19, 2018

Covestro LLC is the winner of the extra-large company category for the 2018 Best Places to Work awards. "It’s never really boring. The work is rewarding," one employee said. ...

US Tax News US Transition Tax Guidance Available

Fri, Oct 12, 2018

On October 10, 2018, the United States Treasury Department and the Internal Revenue Service published a Notice of Proposed Rulemaking in the Federal Register notifying taxpayers of the availability of additional guidance regarding the transition tax under Section 965.... US Urged To Trim Tax Form W-4

Mon, Jul 16, 2018

The American Institute of CPAs has urged the Internal Revenue Service and the US Treasury Department to simplify the draft 2019 Form W-4, Employee's Withholding Allowance Certificate, and the accompanying instructions, to reduce administrative burdens on taxpayers.... IMF Urges US To Hike Indirect Taxes

Fri, Jul 06, 2018

The International Monetary Fund has recommended that the United States raise indirect taxes to boost revenues, to offset the cost of recent tax cuts and spending increases.... IRS Announces Plans To Simplify Personal Income Tax Return

Mon, Jul 09, 2018

The US Internal Revenue Service has announced plans to streamline the personal income tax return for the 2019 tax filing season, to reflect changes brought about by the Tax Cuts and Jobs Act.... Wolters Kluwer Tax Expert Weighs In On Landmark Wayfair Ruling

Fri, Jun 29, 2018

The decision by the US Supreme Court to drop the physical presence requirement for states to impose sales tax will have an "incredible impact" on states' tax regimes and revenues, according to Mark Friedlich, Senior Director of Tax and Accounting, North America, Wolters Kluwer.... US Supreme Court Permits States To Tax Remote Sales

Tue, Jun 26, 2018

In a landmark decision on June 21, the Supreme Court of the United States overturned existing case law by ruling that a state can collect sales tax on remote sales even when the vendor does not have a physical presence in the state.... Mauritius's FATCA Filing Deadline July 31

Thu, Jun 14, 2018

The Mauritius Revenue Authority on June 11, 2018, warned those financial institutions required to report information on the accounts of US persons under the US Financial Account Tax Compliance Act that declarations are required by July 31, 2018.... DeFazio Tables US Anti-Profit Shifting Bill

Thu, Jun 14, 2018

US congressman Peter DeFazio (D-OR) has introduced legislation designed to amend the Tax Cuts and Jobs Act so that incentives for US corporations to shift income and production overseas are reduced.... TCJA Encourages Firms To Shift Profits Offshore, Says ITEP

Tue, Jun 12, 2018

Aspects of the tax reform legislation in the United States continue to provide an incentive for companies to shift profits offshore by providing more favorable tax treatment to foreign income than domestic profits, the Institute on Taxation and Economic Policy has said.... Canada Told To Sharpen Corporate Tax Competitiveness

Tue, Jun 12, 2018

The IMF has said that the recent changes to the US tax system could make Canada a less attractive destination for investment. ...