Below please find daily updates pertaining to the latest in financial, business, and tax news:
The news comes just weeks after the bank confirmed plans to close several branches in early 2020, three of which are in Ohio. ...Thu, Jan 23, 2020
The Advanced Leadership Initiative has announced its second class of 28 area African American executives who will participate in The Executive Leadership Academy. The program, which is presented by the Carnegie Mellon University Tepper School of Business, provides more than 120 hours of instruction by business school faculty and industry experts, one-on-one sessions with executive coaches and ...Thu, Jan 23, 2020
The combination of Dentons and Cohen & Grigsby is being watched closely by the legal sector. Here's why. ...Thu, Jan 23, 2020
Hitchhiker Brewing Co. is making a move into Downtown Pittsburgh, and it plans to offer more than just beer. The brewery, which has locations in Sharpsburg and Mt. Lebanon, will occupy a small, 13-foot wide space on Liberty Avenue next to the Fairmont hotel, the Pittsburgh Post-Gazette reported. Owner Gary Olden told the Post-Gazette that, in addition to selling beer, the location would also s...Thu, Jan 23, 2020
The University of Pittsburgh School of Law and Bloomsburg University of Pennsylvania confirmed that they have entered into an agreement allowing qualified students to earn both an undergraduate degree and a law degree in six years. That saves a full year of time and costs. Bloomsburg is located on the other side of the commonwealth, about 190 miles north east of Pittsburgh. Pitt’s Accelerated...Thu, Jan 23, 2020
Pittsburgh area bankruptcy courts recorded one business filing - including zero with total debt above $1 million - during the week that ended January 17, 2020. Year to date through January 17, 2020, the court recorded two Chapter 7 or Chapter 11 business bankruptcy filings, a 33 percent decrease from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquid...Wed, Jan 22, 2020
Two weeks after the departure of its CEO, CB Financial Services Inc. promoted Ralph Burchianti to senior executive vice president, responsible for the daily operations of the organization. CB Financial is the holding company for Community Bank. The newly created position is the second-most senior officer post at CB Financial (NASDAQ:CBFV). Burchianti retains his title as chief credit officer...Wed, Jan 22, 2020
Pittsburgh-region health care providers, including UPMC that has international operations in China, are on alert for any potential cases of coronavirus, the virus that has killed more than 17 people across Asia and locked down a city of 11 million people in China. There have been no cases of coronavirus, a respiratory tract infection that is similar to the SARS virus that was reported to have ...Wed, Jan 22, 2020
Brands, data analytics, ethics all on the table at annual Outlook 2020 luncheon. ...Wed, Jan 22, 2020
Doris Carson Williams has been elected the president judge of the Court of Judicial Discipline, the court announced on Wednesday. The vote was unanimous. Judge Williams has served as a lay member of the court, which hears ethics cases brought against judges in Pennsylvania, since 2016. Judges serve on a part-time, as needed basis; Williams is perhaps best known locally for serving as the presi...
On January 9, 2019, the United States Internal Revenue Service announced the launch of a new Gig Economy Tax Center, which is intended to help taxpayers meet their tax obligations through more streamlined information. ...Wed, Jan 15, 2020
According to French Finance Minister Bruno Le Maire, France and the United States will in the next two weeks attempt to reach a compromise over their ongoing dispute regarding France's new digital services tax....Wed, Jan 08, 2020
On January 6, 2020, the United States Trade Representative (USTR) announced that an on-the-record but off-camera public hearing would be held on January 7 on proposed action against France's digital services tax (DST). ...Wed, Jan 15, 2020
The United States Internal Revenue Service has recently updated its list of frequently asked questions and answers on the tax treatment of transactions involving virtual currencies. ...Mon, Dec 23, 2019
On December 17, 2019, the United States House of Representatives passed a year-end spending package, which includes legislation extending numerous expired and expiring tax provisions, and repealing certain taxes introduced to help fund the Obamacare health care reforms. ...Mon, Dec 23, 2019
In a letter to United States Treasury Secretary Steven Mnuchin, the European Council has expressed concern at the lack of action by the US Government to alleviate the compliance burdens of EU nationals and financial institutions with regards to the US Foreign Account Tax Compliance Act. ...Tue, Dec 31, 2019
The Prime Minister of St Kitts and Nevis and Minister of Finance, Timothy Harris, delivered a "tax-free Budget" on December 12, 2019....Mon, Dec 16, 2019
Canada, Mexico, and the US have signed an agreement on amendments to their proposed new trade pact. ...Fri, Dec 06, 2019
On December 2, 2019, the United States Internal Revenue Service issued final regulations on the foreign tax credit following major changes to the US tax code. ...Fri, Dec 06, 2019
The United States may impose additional duties of up to 100 percent on certain French products in retaliation for France's digital services tax, which a newly published report by the US Trade Representative has concluded discriminates against certain US companies. ...
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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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