Below please find daily updates pertaining to the latest in financial, business, and tax news:
Roethlisberger's decision to drop North Shore restaurant comes after five years of scouting the market. ...Fri, Aug 16, 2019
Century III wards off legal challenge by West Mifflin for unpaid taxes as it works to push its redevelopment plan through bankruptcy court. ...Fri, Aug 16, 2019
Pittsburgh bank picks a prime location for first branch in nation's capital, according to regulatory filing. ...Fri, Aug 16, 2019
The unemployment rate in Pennsylvania ticked up to 3.9 percent in July, the first increase in more than three years. The state's unemployment rate has gone down or stayed steady in every month going back to June 2016. The 3.8 percent unemployment rate the state held from April through June was the lowest recorded since Pennsylvania began tracking the statistic in 1976. Pennsylvania's unemploy...Fri, Aug 16, 2019
The Pittsburgh IT Leadership Development Program is set to start its second cohort, will full registration, in September. ...Fri, Aug 16, 2019
You can bank on college students returning to campus in late August, and Pittsburgh’s biggest financial institution is putting its own spin on it. PNC Financial Services Group Inc. is deploying its mobile banking unit to Schenley Plaza in Oakland Monday through Wednesday to accommodate incoming freshmen moving into dorms at the University of Pittsburgh and Carnegie Mellon University. The mobi...Fri, Aug 16, 2019
Falling commodity prices are shaking the production plans of many natural gas companies in the Appalachian basin, but EQT Corp. CEO Toby Rice said it's being taken into account as the new leadership team works to turn around the Pittsburgh-based driller's fortunes. ...Fri, Aug 16, 2019
One winner is on the top of the tallest mountain in Vietnam. Others are shopping for chocolate in Medellín, Colombia, walking across a bridge in New Zealand, hiking in Alaska. And closer to home, they're attending Pickelfest, Pirates games and celebrating Halloween. We asked winners of the 2019 30 under 30 awards to send us their selfies. These photos show an energetic group of young leaders e...Fri, Aug 16, 2019
Pittsburgh-based Innovatus Imaging has named Dave Johnson as CEO, according to a news release. Johnson takes on the role from founder Dennis Wulf, who will transition to chairman of the board. Johnson will lead the medical device company further into its recent expansion into the probe and MRI coil repair volume as well as other markets. He has served on the company’s board of directors sin...Fri, Aug 16, 2019
EQT's production growth was 340 percent over the past five years, aided by the Rice Energy acquisition. ...
On August 5, 2019, the US Department of Justice announced that Swiss bank LLB Verwaltung (Switzerland) AG has agreed to pay a penalty of USD10.6m to resolve a case in which it was accused of helping US clients to conceal income....Thu, Aug 08, 2019
On July 31, 2019, the United States Internal Revenue Service issued a memorandum for all Large Business and International Division employees informing them of the withdrawal of a directive regarding cost sharing arrangements in the light of the recent Court of Appeals ruling in the Altera case....Thu, Aug 08, 2019
A group of 21 Republican members of the US Senate have signed a letter to the Treasury Secretary urging him to amend how capital gains tax liability is calculated....Thu, Aug 08, 2019
Bulgaria's Council of Ministers earlier this month approved two agreements with the United States allowing for the automatic exchange of country-by-country transfer pricing reports....Thu, Jul 25, 2019
On July 19, 2019, the United States Internal Revenue Service updated its webpage on foreign tax credits to clarify that it will not challenge foreign tax credit claims involving certain French taxes....Thu, Jul 25, 2019
On July 19, 2019, the United States Internal Revenue Service Large Business and International Division announced six additional compliance campaigns....Thu, Jul 25, 2019
G7 finance ministers have said that there is an urgent need to address the tax challenges posed by the digitalization of the economy. ...Thu, Jul 25, 2019
The United States Senate has approved protocols to four existing bilateral double tax avoidance treaties that have been pending in the chamber for as much as a decade....Thu, Jul 25, 2019
On July 16, 2019, the United States Internal Revenue Service announced the publication of additional information to help taxpayers meet their filing and payment requirements in respect of the Section 965 transition tax on untaxed foreign earnings....Tue, Jul 16, 2019
The United States Senate could soon approve ratification of four long-pending double tax avoidance treaty protocols....
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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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