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Upcoming Events |
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Asher sponsors Non-Profit Programs... click here
for info on the:
The Non-Profit Center at La Salle University's Certificate in Financial Management
Programs |
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2008
- 2009 Non-Profit Financial Professionals Group Seminar
Series
Click here
for more details. |
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News Updates |
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Educational Improvement Tax Credit Program (EITC)
- Tax
credits to eligible businesses contributing to a Scholarship
Organization, an Educational Improvement Organization, and/or a
Pre-Kindergarten Scholarship Organization. full story |
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Roadmap to IFRS Points to 2014 - On
August 27, 2008, the SEC approved for public comment its
“Roadmap” for the eventual adoption of International Financial
Reporting Standards (IFRS) by US issuers. full story |
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Revenue Recognition Disclosures - In recent years the SEC Staff Members (the
“Staff”) in the Division of Corporation Finance have commented
that registrants’ financial statements must include more
complete and precise disclosure of accounting policies as they
relate to revenue recognition. full story |
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Philadelphia City Wage Tax goes down
- effective July 1, 2008, the
wage tax will decrease from 4.219% to 3.98% for city residents and from 3.7242% to 3.5392%
for non-residents. That's roughly $2.00 for every $1,000 of salary. Spend it
wisely! |
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IRS announces changes in extension due dates on certain business
returns - the changes are
aimed at helping individuals better meet their filing obligations. full story |
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SEC
Approves One Year Extension for Small Businesses From Audit Attestation Requirement in
Sarbanes-Oxley Act - With
the extension, smaller companies will now be required to provide the attestation reports
in their annual reports for fiscal years ending on or after Dec. 15, 2009. full
story |
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Making the Most of
Changing Depreciation Rules - In addition to stimulus checks, the Economic
Stimulus Act of 2008 has given businesses two valuable incentives. full story |
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FIN 48 Applies to
Investment Partnerships and Hedge Funds - Although investment partnerships and hedge funds may not currently pay
taxes, if they issue GAAP financial statements then they still need to perform the due
diligence to analyze the impact of FIN 48 on their financial statements. full story |
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Important Date Change for
Charity Registrations - Be advised that registration for calendar-year-end organizations must be
filed with the Pennsylvania Bureau of Charitable Organizations (BCO) by May 14. Because 2008 is a leap year, the due date is a day
earlier than the usual May 15 deadline. Organizations
may request an extension by filing Form BCO-2 on or before the registration due
date. For more information, please visit the PA Dept. of State website. |
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Quick References |
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Click here for a Firm Brochure
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Click here for Quick Tax Facts 2007-08 |
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