Below please find daily updates pertaining to the latest in financial, business, and tax news:
Graham Rihn has seen rapid growth in the recyling industry over the past few years as founder of RoadRunner Recycling. ...Sun, May 24, 2020
Local public companies lost $58.9 billion in value as the global economy contracted due to the Covid-19 pandemic, but they are still way up from the low points, mostly hit during mid-March. ...Sat, May 23, 2020
New office debuts on June 1. ...Fri, May 22, 2020
Here's what it's been through already, and what we might expect in the months to come. ...Fri, May 22, 2020
Beginning June 1, front-door boarding will resume on the Port Authority of Allegheny County's buses throughout the region as western Pennsylvania sees restrictions lifted that were brought on due to Covid-19. Regular fare collection will also resume but one week later on June 8. Passengers will continue to board through the rear entrance until then, however. The Port Authority said it would co...
Second-biggest bank based in PA says project takes on new importance as the country grapples with Covid-19 pandemic. ...Fri, May 22, 2020
While a few counties moving to green are in western Pennsylvania, there was no word on when Allegheny County would move to the green phase. ...Fri, May 22, 2020
The Allegheny Regional Asset District announced during a public meeting that it was reducing its 2020 operating grants by 20% as a result in lost revenues from March sales. According to the organization's board of directors, March revenues, which are calculated as parts of May's revenue, totaled $1.82 million below budget projections, or 23% lower than May 2019 revenues. The board anticipates ...Fri, May 22, 2020
Restaurants and hotels in Pennsylvania are now facing new state guidelines as part of the drinks-to-go legislation that Gov. Tom Wolf signed on Thursday. The law was drafted in an effort to help businesses that have faced revenue losses as part of state-mandated shutdowns amid the Covid-19 pandemic. However, the law does not just allow for anyone with a liquor license to start serving drinks t...Fri, May 22, 2020
The institute will find out in late June or early July how much of the funding it will receive. ...
On May 7, 2020, the United States Internal Revenue Service issued a reminder to employers affected by COVID-19 about the tax credits made available to them under the Coronavirus Aid, Relief, and Economic Security Act....Fri, May 15, 2020
On May 4, 2020, a bill was introduced in the United States House of Representatives to limit the impact of the Global Intangible Low Tax Income regime on businesses based in US territories and possessions. ...Fri, May 15, 2020
On May 1, 2020, the United States Internal Revenue Service Large Business and International Division announced a new compliance campaign focusing on the 2017 Tax Cuts and Jobs Act and the recently enacted Coronavirus Aid, Relief and Economic Security Act. ...Fri, May 01, 2020
On April 15, 2020, the United States Internal Revenue Service unveiled the "Get My Payment" online tool that will allow taxpayers to receive economic impact payments under the Coronavirus Aid, Relief, and Economic Security Act. ...Fri, May 01, 2020
On April 16, 2020, the United States Internal Revenue Service issued a set of frequently asked questions and answers to help inform taxpayers about transfer pricing documentation best practices. ...Wed, Apr 15, 2020
The OECD has released guidance for national policymakers on the impact of COVID-19 on the treatment of cross-border workers and the interpretation of international tax treaty rules. ...Wed, Apr 15, 2020
On March 31, 2020, the United States Treasury Department and the Internal Revenue Service launched the Employee Retention Credit scheme, designed to encourage businesses to keep employees on their payroll amid the COVID-19 crisis. ...Wed, Apr 15, 2020
On March 27, 2020, the United States Treasury Department and the Internal Revenue Service issued a notice which extends COVID-19-related filing and payment relief to federal gift and generation-skipping taxes. ...Mon, Mar 30, 2020
On March 25, 2020, the United States Senate overwhelmingly approved the Coronavirus Aid, Relief, and Economic Security Act, which represents the third package of financial aid measures to businesses and individuals affected by the coronavirus crisis and which includes numerous tax provisions to support businesses. ...Tue, Mar 17, 2020
On March 9, 2020, United States President Donald Trump revealed that the Administration would begin discussions with Congress on potential tax measures to ease the impact of the coronavirus outbreak, including a payroll tax cut. ...
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*Mark R. Exler, CPA, PFS is licensed to offer securities in the states of Arizona, California, Connecticut, District of Columbia, Florida, Georgia, Illinois, Iowa, Maine, Maryland, Massachusetts, Michigan, Mississippi, Nevada, New Jersey, New York, Ohio, Pennsylvania, Virginia and Washington
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