By  Lindsay Andrews, CPA In 2016, the Financial Accounting Standards Board (FASB) issued a new lease accounting standard requiring virtually all leases to be recognized on the balance sheet.  As a private company or not-for profit that has leases, the implementation of this standard is required for fiscal years beginning after December 15, 2021 (and

On December 8, the Louis Plung social committee got into the holiday spirit by filling twenty bags for the Foster Love Project’s Bag Drive! The Bag Drive ensures that children in foster care who will be transitioning to new homes this holiday season will have their own belongings to take with them.   Everything was

Pittsburgh accounting firm Louis Plung & Company is pleased to announce the addition of Love, Scherle & Bauer, P.C. (LSB). LSB will officially join LPC on January 1, 2022. However, the two firms have already merged workforces. While LSB Partner Joseph S. Scherle is retiring, the remaining eight-person LSB team is moving from the Grant

By Tony Montanaro, CPA/ABV, CFE Late Friday night, Congress passed the $1.2 Trillion “Infrastructure Investment and Jobs Act” which is expected to be signed into law by President Biden next week. The legislation includes $550 billion in infrastructure spending and is being partially funded by reappropriating unused funds from prior COVID-19 relief programs such as

We are pleased to announce that the former Regional Managing Partner/Firmwide Director of Tax and the former Regional Marketing Director of Herbein + Company, Inc. have both joined the team of LPC. Thomas L. Bakaitus, Jr., CPA, MST, who exited Herbein in September, will be leveraging his 35 years of tax advisory and transactional experience

Before the COVID-19 pandemic, the IRS was getting refunds out swiftly and responded to calls and correspondence in a reasonable amount of time. However, COVID-19 brought about a perfect storm of delays, initially caused by employees having to stay home because lockdowns prevented processing centers from operating and workers from going to their offices. And

The House Ways and Means Committee has released an extensive list of proposed tax changes that impact individual, retirement, international and corporate tax law. We have been selective and have only included a portion of the proposed changes. A full list of proposed changes is available from the PDF file titled Responsibility Funding Our Priorities.

As more and more areas of our lives and work move into the online sphere, cybercrime becomes a bigger threat. “It’s important that every Internet user is aware of safe online practices,” said Doug Hogue, VP of Business Development, of Cloud Solutions, a division of the Eric Ryan Corporation. “It is important that you educate

Many internet users consider themselves safe because they assume that cybercriminals only target large corporations or the very wealthy. If you find yourself falling into this misconception, now is the time to reconsider your stance. All Internet users are at risk of cybercrime, so all Internet users should learn how to protect themselves against online