Below please find daily updates pertaining to the latest in financial, business, and tax news:
Faros Properties is looking beyond helping tech workers, insurance companies and startups to thrive at Nova Place, the company's mixed-use redevelopment of Allegheny Center on the North Side. It also is looking to do so for perhaps its most unexpected new tenants: the hives of bees it has established on the roof of the property. The company announced that it has established a partnership with...Tue, Jun 19, 2018
The Andy Warhol Museum in Pittsburgh on Tuesday petitioned the Cannes Lions to consider a posthumous award for Andy Warhol. The international festival was established in 1954, and its awards are highly coveted in the creative and marketing communications industry. The late pop artist’s first career was in advertising, which is chronicled in the museum’s current exhibition. “Adman: Warhol befor...Tue, Jun 19, 2018
See the new rides and attractions as a part of the West Mifflin amusement park's Thomas Town. ...Tue, Jun 19, 2018
Expanding private label bottled water supplier working through approvals to build new plant in the Findlay Industrial Park. ...Tue, Jun 19, 2018
Factors like Pittsburgh's changing demographics and an earlier focus on internships have made the park focus more advertising dollars on recruiting this season. ...Tue, Jun 19, 2018
The pipeline is crucial to the operation of the Shell Pennsylvania ethane cracker in Potter Township, which will produce the building blocks of plastics from the ethane byproduct of natural gas. ...Tue, Jun 19, 2018
Pittsburgh nonprofit could win another cash prize. ...Tue, Jun 19, 2018
Reed Smith LLP and co-working space Alloy 26 announced a new partnership on Tuesday. The law firm is providing weekly free legal support and quarterly programming to the more than 100 Pittsburgh companies that call Alloy 26 home. Alloy 26, owned and operated by Faros Properties, is located at Nova Place in Pittsburgh’s North Side neighborhood. Matthew Mohn, leader of Reed Smith’s Emerging Gro...Tue, Jun 19, 2018
A panel at the Northeast U.S. Petrochemical Construction Conference reviewed the state of Appalachia’s educational system for tech-heavy jobs of the future, not only in the petrochemical industry, but also in other STEM industries. ...Tue, Jun 19, 2018
Pittsburgh-based Fi360, a provider of fiduciary education, training and technology, has acquired Kansas City-based Center for Fiduciary Management. Financials were not disclosed. The deal expands Fi360’s geographic footprint, staff and tools and resources. The combined firms will service 55,000 investment professionals and more than 120,000 retirement plans. CFFM is an investment management t...
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....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....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....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. ...Mon, Jun 04, 2018
The American Institute of CPAs has urged the Internal Revenue Service to supplement its guidance on the tax treatment of virtual currency transactions with answers to a set of frequently asked questions....Tue, Jun 05, 2018
Both large and small businesses in the United States expect the measures included in the recently enacted tax reform legislation, the Tax Cuts and Jobs Act of 2017, to have a positive effect on their operations, according to Senate Finance Committee Chairman Orrin Hatch....Mon, Jun 04, 2018
Ensuring the successful implementation of the Tax Cuts and Jobs Act of 2017 remains the US Internal Revenue Service's highest priority, according to its new five-year Strategic Plan....Mon, May 28, 2018
Governments raised about USD33bn in carbon pricing revenue last year, a 50 percent increase from 2016, according to a new update by the World Bank....Tue, May 22, 2018
The American Institute of Certified Public Accountants has recommended that proposed regulations regarding the Centralized Partnership Audit Regime should provide "maximum flexibility" in adjusting the tax attributes of an audited partnership and its partners....Thu, May 03, 2018
The United States Treasury Department and the Internal Revenue Service will delay a number of guidance projects until later years as they prioritize guidance connected with the tax reform provisions in the Tax Cuts and Jobs Act....
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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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