Below please find daily updates pertaining to the latest in financial, business, and tax news:
All Port Authority of Allegheny County employees who aren’t sick or in quarantine have been ordered to return to work WPXI reports. According to WPXI, some workers have been off due to Covid-19, general health concerns and child care issues. Workers are being asked to return in preparation for full, already scheduled bus service, which starts on Aug. 23, WPXI said. In June, Port Authority be...Fri, Aug 07, 2020
UPMC could appeal the ruling. ...Fri, Aug 07, 2020
Three of region's largest banks among those with highest balances of restaurant loans in 2Q, according to S&P Global Market Intelligence analysis. ...Fri, Aug 07, 2020
It’s time for the federal government to take action to save the U.S. restaurant and bar industry, which is collapsing under the weight of stay-at-home orders, capacity limits and employee infections. Pennsylvania’ problematic and confusing approach of constantly changing the rules on short notice has been one issue for restaurant and bar owners, but with the pandemic raging, it will take much ...Fri, Aug 07, 2020
Tech giant closes office of one-time local startup Vivisimo, with employees formerly at the 20,000-square-foot office now working from home as landlord prepares to market the space for lease. ...Fri, Aug 07, 2020
PNC Financial Services Group Inc. is no longer providing credit insurance on consumer loans. “The bank has fully honored the policy by providing coverage through the paid term for all individual participants,” Marcey Zwiebel, PNC senior vice president and director of corporate public relations, said. “PNC (NYSE:PNC) is committed to continue working with individual clients to discuss their uniq...Fri, Aug 07, 2020
Would depend on whether a buyer can be found. ...Fri, Aug 07, 2020
Construction contractor Limbach Holdings has been offered $35 million from an investment group in exchange for four of its seven board positions the Pittsburgh Post-Gazette reports. According to the Post-Gazette, the offer comes from Brian L. Pratt, the former CEO of Dallas-based contracting company Primoris Services Corp., and an unnamed investment company. Pratt currently owns a 19% stake o...Fri, Aug 07, 2020
Dick's Sporting Goods announced it plans to open 11 new stores across nine states this month which it says will add 300 full-time and part-time jobs throughout the country. The new stores include four traditional Dick's Sporting Goods stores, one combination Dick's and Golf Galaxy location, five Dick's Sporting Goods Warehouse Sale stores and one Overtime by Dick's Sporting Goods location. The...Fri, Aug 07, 2020
Pittsburgh-based coffee shop franchise Rock 'n' Joe has landed on its seventh location, opening in Treesdale, the golf club and residential community in Gibsonia. The music-themed coffee franchise is the second location in the region after an established location on Penn Avenue downtown. Other locations are in Nebraska and New Jersey. The new location at Treesdale is expected to be the first ...
The OECD has released peer review reports reviewing nine territories' progress towards implementing the BEPS Action 14 standard, on improving tax dispute resolution. ...Fri, Jul 24, 2020
The United States Council for International Business has called on US authorities to focus its efforts on working with other countries to arrive at an international tax solution to the digitalized economy, rather than tackling countries' unilateral responses....Fri, Jul 17, 2020
On July 13, 2020, the US Internal Revenue Service (IRS) issued a progress report on the last two years' work of the J5 group of five advanced countries, who are working collaboratively to tackle cross-border tax fraud....Fri, Jul 17, 2020
The Office of the US Trade Representative has announced that the US will impose additional duties of 25 percent on imports of certain French products from next year in response to the country's decision to introduce a digital services tax. ...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. ...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. ...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. ...Thu, May 28, 2020
French Finance Minister Bruno Le Maire has said that the Government intends to introduce a digital services tax this year. ...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....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. ...
*Investment advisory services offered through 1st Global Advisors, Inc.
*Insurance services offered through 1st Global Insurance Services, Inc.
*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
© 2020 Exler & Company, Inc. All Rights Reserved.
Web Builder CS: Websites for Accountants