Our Thoughts On Archive

Hardship Availability Due to Modification of Deduction for Personal Casualty Losses Under the Tax Cuts and Jobs Act

In general, the Internal Revenue Service’s hardship distribution regulations provide that a hardship distribution may…

Proposed Pa. House Bill Would Repeal Department of Revenue Disallowance of 100% Bonus

The recently enacted Tax Cuts and Jobs Act (“Act”) signed into law December 22, 2017…

Tax Reform Bill Includes Extension of Time to Repay Retirement Plan Loans

With sweeping tax reform going into full effect last month, many 401(k) participants are wondering…

Impact of Tax Reform on Professional Service Organizations

The Tax Cuts and Jobs Act (The Act) was signed into law on December 22nd…

Pennsylvania Nonprofit Alert: State Raises Audit Requirement Threshold

On December 22, 2017, Governor Tom Wolf signed two legislative measures that amend the Pennsylvania…

Reminder: Foreign-owned U.S. Disregarded Entities Face New Reporting Requirements

Until recently, disregarded entities (DREs) were typically not required to obtain an employer identification number…

State and Local Property Tax Deduction Update

New bipartisan legislation introduced in the House, titled “The Cutting Local Taxes by Reinstating SALT…

SEC Effects of Tax Reform

On December 22, 2017, the SEC issued Staff Accounting Bulletin No. 118 (SAB 118) in…

TPP Likely To Pass Without U.S.

This month the 11 remaining countries in negotiations under the Trans-Pacific Partnership (TPP) signaled that…

Rewind: Schneider Downs Energy and Natural Resources Industry Group 2017 Recap

Schneider Downs’ Energy and Natural Resources Industry Group provides specialized financial advice and services to…