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Daily News

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

Pittsburgh Business Times

LifeX to receive $1 million from state's new Angel Investment Venture Capital Program

Wed, Nov 30, 2022

A South Side-based investor and incubator for life sciences and related startups is set to receive a $1 million grant as part of a recently launched state program that's looking to back such ventures with funding from Harrisburg. LifeX Holdings LLC is one of six benefactors that will receive funding from Pennsylvania's Angel Investment Venture Capital Program, which is tasked with making inves...

New CIO at Buchanan Ingersoll

Wed, Nov 30, 2022

Scott Angelo hired to lead tech charge at one of Pittsburgh's biggest law firms....

Workforce Development: A Q&A with Quintin Bullock, CCAC

Wed, Nov 30, 2022

Quintin Bullock is president of the Community College of Allegheny County....

20 People to Know in Construction and Architecture: Paulette Burns, president, LGA Partners

Wed, Nov 30, 2022

Paulette Burns is president of LGA Partners....

20 People to Know in Construction and Architecture: Gene Boyer III, director of growth and innovation, Burns Scalo Real Estate

Wed, Nov 30, 2022

Gene Boyer III is director of growth and innovation at Burns Scalo Real Estate....

F.N.B. expanding ATM network

Wed, Nov 30, 2022

Big ATM increase in the Carolinas followed by more coming to the MidAtlantic, Pittsburgh-based bank says....

Highmark Health's revenue increases in first nine months of 2022

Wed, Nov 30, 2022

The Pittsburgh-based nonprofit organization, which owns Highmark Inc. and Allegheny Health Network among other companies, posted $19.5 billion in revenue for the first nine months of 2022, up 22% from the $15.9 billion in the same period a year ago....

20 People to Know in Construction and Architecture: Guy Amatangelo, president, Mariani & Richards Inc.

Wed, Nov 30, 2022

Guy Amatangelo is president of Mariani & Richards Inc....

20 People to Know in Construction and Architecture: Victoria Acevedo, architect, Bohlin Cywinski Jackson

Wed, Nov 30, 2022

Victoria Acevedo is an architect at Bohlin Cywinski Jackson and is president of the National Organization of Minority Architects — Pittsburgh Chapter....

Claimants file involuntary Chapter 7 against Nello Construction

Wed, Nov 30, 2022

Three companies with a combined claim of nearly $2 million make involuntary claim against Carnegie construction firm....

US Tax News

Tax-News.com: EU To Table A Digital Tax Proposal In October

Wed, Sep 15, 2021

The European Commission has committed to tabling a proposal for a digital tax in October, whether or not an international agreement surfaces from OECD-led talks on new international tax rules for the world's largest firms....

Tax-News.com: Hong Kong Discusses US Termination Of Shipping Tax Pact

Wed, Aug 25, 2021

The Hong Kong Government has said it is looking at potential measures to support the shipping industry following the decision by the US Government to terminate the two territories' agreement that exempted shipping industry income from tax....

Tax-News.com: US Lawmakers Approve New Cryptoassets Reporting Rules

Wed, Aug 25, 2021

The US Senate has approved the inclusion of new provisions in the bipartisan infrastructure bill to require intermediaries involved in cryptocurrency trading to report details about transactions. ...

Tax-News.com: Wyden Takes Aim At US Pass-Through Income Tax Break

Fri, Aug 06, 2021

Senate Finance Committee Chair Ron Wyden (D-OR) has introduced legislation to overhaul the 20 percent deduction for pass-through income introduced into US tax law in 2017. ...

Tax-News.com: US IRS Flags Deadline For Q2 Estimated Tax Payments

Wed, Jun 09, 2021

The US Internal Revenue Service has issued a reminder to taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without incurring a penalty....

Tax-News.com: Countries Discuss Post-Pandemic Tax Agenda At UN Council Meeting

Wed, May 12, 2021

Experts speaking at the UN's Economic and Social Council's annual Special Meeting on International Cooperation in Tax Matters concluded that the international community must do more to tackle tax base erosion and profit shifting and offshore tax evasion....

Tax-News.com: US IRS Reminds Of FBAR Filing Obligation

Thu, Apr 15, 2021

The Internal Revenue Service is reminding US citizens, resident aliens, and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021....

Tax-News.com: US Tax Season Begins

Mon, Feb 22, 2021

The Internal Revenue Service launched tax season for individuals on February 15, 2021, highlighting the various supports available for taxpayers when preparing their returns. ...

Tax-News.com: Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report

Thu, Dec 10, 2020

The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce. ...

Tax-News.com: BVI Rules Out New Taxes In 2021 Budget

Tue, Nov 17, 2020

The Government of the British Virgin Islands has announced that it will seek to boost tax collections by modernizing tax administration, not by imposing new taxes. ...