Nonprofits will soon have clearer guidelines by which to recognize and classify revenue from grants, contracts and contributions, thanks to a new standard proposed this summer by the Financial Accounting…
Recent Insights
2017 Year-End Tax Planning Guide
With a new year on the horizon, now is a perfect time to examine your unique circumstances to uncover new opportunities to minimize income taxes. As part of our ongoing…
Small Business Owners: Here’s How to Handle a PA Schedule C Desk Review Notice
Many small business owners use Schedule C to report profit or loss from business or profession on their personal income tax returns. Thanks to closer scrutiny and technological advancements from…
Six Questions to Ask for a More Engaged, Effective Board
An effective board of directors is key to an accountable, successful organization. What does an effective, engaged board look like? Beyond the traditional financial, policy, compliance and mission-driven roles, a…
PA Supreme Court NOL Ruling Changes Deduction Moving Forward, Creates Uncertainty for Past Filings
Two years ago, the Commonwealth Court sided with corporate taxpayers in Nextel Communications of the Mid-Atlantic, Inc. v. Commonwealth of Pennsylvania, declaring unconstitutional the state’s cap on deductible net operating…