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BP OIL SPILL CLAIMS ASSISTANCE

Wednesday, October 6th, 2010

Is it possible that you, your company or anyone you know may have a claim in connection with the BP Oil Spill (“Spill”)?
In response to the costs and damages incurred as a result of oil discharges due to the Spill, BP has agreed to contribute $20 billion to a newly established escrow fund which will [...]

More Proposed Business Tax Stimulus from President Obama

Friday, September 10th, 2010

Recently, President Obama announced another new economic stimulus plan that involves expanding and making permanent the research tax credit and also allows businesses to expense certain qualified investments at 100% through 2011.  The President has not specified how this plan would be paid for – at a cost of approximately $180 billion over ten years [...]

Steve Rossman Named KYW Newsradio 45th Anniversary “Local Legend”

Friday, September 10th, 2010

Steve Rossman, a Shareholder at Drucker & Scaccetti, PC,  has been recognized as being someone who has made a lasting contribution to the Delaware Valley — a true Local Legend.
KYW Newsradio is celebrating 45 years of “All News. All The Time.“  As part of their celebration they’re recognizing those who have worked to improve the [...]

PA Announces Re-institution of its Voluntary Disclosure Program

Tuesday, July 27th, 2010

The PA Department of Revenue (PA DOR) has advised the Pennsylvania Institute of CPA’s (PICPA) that the PA DOR will be re-instituting its Voluntary Disclosure Program with guidelines similar to those of the prior Tax Amnesty Program that ended on June 18, 2010.  They have indicated however, that the 5% non-participation penalty will not be [...]

HOMEBUYER TAX CREDIT EXTENDED (H.R. 5623)

Thursday, July 8th, 2010

After much delay in the House and Senate over extenders legislation, H.R. 5623 (the “Homebuyer Assistance and Improvement Act of 2010”), a stand-alone bill, has finally been signed by President Obama, extending the first-time homebuyer credit.  The new law extends the closing date deadline from June 30, 2010 to September 30, 2010.  Please note:  the [...]