Below please find daily updates pertaining to the latest in financial, business, and tax news:
Laurel Communities seeks to bring a major addition of new townhouses to small hillside community wedged between the Strip District, Lawrenceville, Oakland and the Hill District ...Tue, Nov 19, 2019
Citizens Bank plans to close its Canonsburg branch early next year, according to a regulatory filing. It is among six that the Providence, Rhode Island-based financial institution expects to shutter near-term across its footprint, but the only one in the 10-county Pittsburgh metro. The Canonsburg branch, located at 1 East Pike Street, will close on Feb. 19, confirmed Rory Sheehan, Citizens (...Tue, Nov 19, 2019
Also part of the funding through Highmark will be a retention coordinator, employed by CCAC, who will help the students in the pilot program. ...Tue, Nov 19, 2019
The Cumberland Mine in Greene County is back in full operation after a partial idling Friday. The coal mine, one of the largest in Pennsylvania, resumed normal operations late Monday after some longwall support functions were halted due to a temporary geological problem. The production was slightly curtailed Friday at the longwall but coal continued to be shipped from the plant. Cumberland, w...Tue, Nov 19, 2019
Highmark in January will start a new partnership with three companies to receive exclusive medications to treat hemophilia, a rare blood clotting disorder, among its members. The Pittsburgh-based insurer has about 190 members who have hemophilia, a genetic condition that leaves patients unable to form blood clots and can cause life-threatening bleeding as well as organ and tissue damage. The I...Tue, Nov 19, 2019
Hyperloop Transportation Technologies announced Monday that it had finished conducting a study of the impact a Pittsburgh to Chicago hyperloop would have on the area, saying that it "is both feasible and of great economic benefit regionally." HyperloopTT said the study was the most comprehensive ever done on a hyperloop, being conducted over a year and a half, and done in conjunction with the ...Tue, Nov 19, 2019
Pittsburgh Penguins' general manager Jim Rutherford is now a member of the Hockey Hall of Fame. On Monday, Rutherford, along with Guy Carbonneau, Sergei Zubov, Hayley Wickenheiser, Vaclav Nedomansky and Jerry York, was officially inducted in Toronto. Rutherford, who joined the Penguins in 2014, helped the Penguins win back-to-back Stanley Cups in 2016 and 2017, the first team to win consecuti...Tue, Nov 19, 2019
Point Park University announced Monday that it would begin offering a Master of Science in information systems and business analytics graduate program. The degree will be offered starting in Fall 2020 and will offer several STEM-focused courses including Statistics & Quantitative Methods, Applied Data Mining, and Development of Support Networks. The university said the new graduate degree will...Tue, Nov 19, 2019
In a competitive labor market, FedEx plans to increase its 401(k) match for employees as a way to attract and retain talent. Patrick Fitzgerald, senior vice president of integrated marketing and communications for FedEx, detailed the plans to the Memphis Business Journal during a phone interview Monday, Nov. 18. Effective Jan. 1, 2021, FedEx Corp. will implement a new 401(k) plan for its U....Tue, Nov 19, 2019
ESTAT Actuation aims to make commercial robotics cheaper and more efficient. ...
New Zealand is the easiest place in the world to do business, according to the World Bank's new Doing Business 2020 report, which looks at the simplicity of setting up, operating, and paying taxes in 190 territories around the world....Fri, Nov 08, 2019
On November 1, 2019, the presidential campaign of United States Senator Elizabeth Warren (D-MA) published plans for a system of universal Medicare that will be partially funded by tax increases on large corporations and wealthy individuals, as well as by stricter anti-tax avoidance rules. ...Fri, Oct 11, 2019
On October 9, 2019, the United States Internal Revenue Service issued two new pieces of guidance for taxpayers who engage in transactions involving virtual currency. ...Fri, Oct 04, 2019
On October 1, 2019, the United States Treasury Department and the Internal Revenue Service announced a relief for certain US persons that own stock in certain foreign corporations....Fri, Sep 27, 2019
United States Senator Bernie Sanders (D-VT), a leading contender for the Democratic presidential nomination, has proposed a new tax, as well as a series of enforcement measures, targeting America's wealthiest individuals. ...Fri, Sep 27, 2019
Many US states will begin to impose sales and use tax obligations on remote sellers and marketplace facilitators from October 1, 2019, largely in response to the United States Supreme Court's landmark decision in the Wayfair case....Fri, Sep 20, 2019
The Swiss Government on September 20, 2019, announced that it has exchanged instruments of ratification with the United States to bring into force a Protocol to their double tax agreement. ...Fri, Sep 20, 2019
The Irish Government is arguing that favorable tax treatment was not granted to Apple under two rulings deemed by the EU to have constituted illegal state aid to the company. ...Fri, Sep 20, 2019
On September 16, 2019, the United States Internal Revenue Service announced the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions. ...Fri, Sep 13, 2019
According to a recent comment by United States Vice President Mike Pence, the Polish Government has decided not to proceed with a national digital services tax. ...
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*Insurance services offered through 1st Global Insurance Services, Inc.
*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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