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Daily News

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

Pittsburgh Business Times

First look: Q Development finishes historic apartment renovation of Homestead Masonic Hall Lofts

Tue, Jul 07, 2020

Q Development invests to restore Homestead building. ...

Bogen signals new order may allow outdoor dining

Tue, Jul 07, 2020

"I'm considering modifying the event limits and restrictions on outdoor food and beverage service at restaurants," Bogen said. "I leave this open to change depending on our cases and other metrics we consider to use to make these decisions." ...

Why Supreme Court ruling is good news for Mountain Valley Pipeline

Tue, Jul 07, 2020

There's no doubt that Sunday and Monday brought a mixed bag of news for the pipeline and natural gas industry. But it seemed to turn positive for Mountain Valley Pipeline. ...

State to impose restaurant restrictions on local counties to stem Covid-19

Tue, Jul 07, 2020

State health officials are expected to impose restrictions on in-person dining in restaurants and bars outside in five Pittsburgh-area counties including Washington and Beaver beginning Thursday. The move comes after a sharp increase in Covid-19 cases in recent weeks, not only in Allegheny County, but now also the counties surrounding it. Health Department Secretary Rachel Levine spoke with co...

Exclusive: Health secretary in calls with officials in several local counties

Tue, Jul 07, 2020

The Pennsylvania Health Department is talking to elected officials in five counties surrounding Pittsburgh to discuss a rising increase in Covid-19 cases, the Business Times has learned. "In counties that are experiencing increases, the department is doing an in-depth look at those counties and doing direct outreach to the county leadership to discuss the data," Department of Health spokesman ...

Here we go again — PPP restarts without past frenzy

Tue, Jul 07, 2020

SBA's top executive in Pittsburgh urges small business owners not to delay applying. ...

Allegheny County Health Department hosting free food safety webinars for owners of restaurants, bars

Tue, Jul 07, 2020

The Allegheny County Health Department announced it is hosting free webinars for restaurant and bar owners to learn more about how to operate their businesses safely during the Covid-19 pandemic. As part if its Food Safety Program, the health department will hold hour-long events throughout the month that will feature information on the latest orders and regulations concerning the food and hos...

Millions in PPP loans awarded to Pittsburgh's largest law firms

Tue, Jul 07, 2020

Loans ranged from $1M to $10M, according to newly released SBA data. ...

Oxford CEO on selling the land under 3 Crossings: You would never have had this 5 or 10 years ago

Tue, Jul 07, 2020

Oxford CEO Steve Guy on what his company's land sale of 3 Crossings says about the Strip District market and what motivated them to pursue it. ...

Major Pittsburgh employer plans to keep some of its employees working remotely permanently

Tue, Jul 07, 2020

UPMC Health Plan talks about why it's taking a deliberate, conservative approach to the transition back. ...

US Tax News

Tax-News.com: US Withdraws From International Digital Tax Talks

Fri, Jul 03, 2020

US Trade Representative Robert Lighthizer told a congressional hearing on June 17, 2020, that the US Government has withdrawn from international negotiations on new global tax rules for digital companies at the OECD. ...

Tax-News.com: IRS Clarifies Tax Treaty References To NAFTA

Thu, May 28, 2020

On May 19, 2020, the United States Treasury Department and the Internal Revenue Service issued an Announcement which clarifies the interpretation of references in US income tax treaties to the North American Free Trade Agreement once it is replaced by the Agreement between the United States, Mexico and Canada. ...

Tax-News.com: US House Passes COVID-19 Stimulus Bill With Tax Measures

Thu, May 28, 2020

On May 15, 2020, the United States House of Representatives approved the HEROES Act, which amends previous COVID-19-related stimulus legislation by changing loss carryback rules and providing further tax support for businesses and individuals. ...

Tax-News.com: France To Press On With Digital Tax

Thu, May 28, 2020

French Finance Minister Bruno Le Maire has said that the Government intends to introduce a digital services tax this year. ...

Tax-News.com: US IRS Sets Out Details Of COVID-19 Tax Breaks

Fri, May 15, 2020

On May 7, 2020, the United States Internal Revenue Service issued a reminder to employers affected by COVID-19 about the tax credits made available to them under the Coronavirus Aid, Relief, and Economic Security Act....

Tax-News.com: Bill Would Exclude US Territories, Possessions From GILTI Regime

Fri, May 15, 2020

On May 4, 2020, a bill was introduced in the United States House of Representatives to limit the impact of the Global Intangible Low Tax Income regime on businesses based in US territories and possessions. ...

Tax-News.com: US IRS Announces TCJA Compliance Campaign

Fri, May 15, 2020

On May 1, 2020, the United States Internal Revenue Service Large Business and International Division announced a new compliance campaign focusing on the 2017 Tax Cuts and Jobs Act and the recently enacted Coronavirus Aid, Relief and Economic Security Act. ...

Tax-News.com: US Taxpayers Can Apply Online For COVID-19 Economic Impact Payments

Fri, May 01, 2020

On April 15, 2020, the United States Internal Revenue Service unveiled the "Get My Payment" online tool that will allow taxpayers to receive economic impact payments under the Coronavirus Aid, Relief, and Economic Security Act. ...

Tax-News.com: IRS Publishes Transfer Pricing FAQs

Fri, May 01, 2020

On April 16, 2020, the United States Internal Revenue Service issued a set of frequently asked questions and answers to help inform taxpayers about transfer pricing documentation best practices. ...

Tax-News.com: OECD Releases Cross-Border Int'l Tax Guidance On COVID-19 Issues

Wed, Apr 15, 2020

The OECD has released guidance for national policymakers on the impact of COVID-19 on the treatment of cross-border workers and the interpretation of international tax treaty rules. ...