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Daily News

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

Pittsburgh Business Times

Bees to add to buzz at Nova Place

Tue, Jun 19, 2018

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...

Warhol Museum asks Cannes to honor late artist

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...

Kennywood readies for Thomas to roll into town

Tue, Jun 19, 2018

See the new rides and attractions as a part of the West Mifflin amusement park's Thomas Town. ...

Niagara Bottling to build 456,000-square-foot plant in Findlay Township

Tue, Jun 19, 2018

Expanding private label bottled water supplier working through approvals to build new plant in the Findlay Industrial Park. ...

Summer jobs for teenagers harder to fill, Kennywood officials say

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. ...

Falcon Pipeline construction to begin, end next year

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. ...

IW to work with up to 8 energy startups as part of DOE competition

Tue, Jun 19, 2018

Pittsburgh nonprofit could win another cash prize. ...

Law firm assisting startups at Alloy 26

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...

Filling the Gap: Getting the word out about training programs

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. ...

Fi360 acquires Kansas City firm

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...

US Tax News

Tax-News.com: Mauritius's FATCA Filing Deadline July 31

Thu, Jun 14, 2018

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....

Tax-News.com: DeFazio Tables US Anti-Profit Shifting Bill

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....

Tax-News.com: TCJA Encourages Firms To Shift Profits Offshore, Says ITEP

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....

Tax-News.com: Canada Told To Sharpen Corporate Tax Competitiveness

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. ...

Tax-News.com: AICPA Urges IRS To Augment Virtual Currency Guidance

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....

Tax-News.com: Surveys Suggest Taxpayers Satisfied With TCJA, Says Hatch

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....

Tax-News.com: IRS Issues New Strategic Plan

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....

Tax-News.com: Global Carbon Tax Take Up 50 Percent In 2017

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....

Tax-News.com: US CPAs Recommend Easing Tax Rules On Partners Of Audited Firms

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....

Tax-News.com: IRS Proposes To Prioritize Tax Cuts And Jobs Act Guidance

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....