Pittsburgh/New Castle/Meadville, PA – James Pitzer, Partner and Coordinator of Construction & Real Estate Services with Carbis Walker LLP, Certified Public Accountants & Consultants, recently attended the Associated General Contractors of America (AGC) Tax and Fiscal Affairs Committee meeting on June 17-18 in Washington, DC. The conference included a construction market outlook by Ken Simonson, chief economist of the AGC, as well as an update from Congressman Dave Camp (R-MI-4) and ranking member of the House Ways and Means Committee, on construction related legislation that is presently being debated in front of the House Ways and Means Committee. Participants were also presented updates on tax changes in the health care reform law and Internal Revenue Service construction issues update from Jeanne Wierman, Internal Revenue agent from their Charleston, South Carolina, office.

Bill Hildebrand, member of the Financial Accounting Standards Board (FASB) from Norwalk, Connecticut, discussed the upcoming exposure draft on Multi-Employer Pension Plan Disclosure. The proposed FASB project’s objective is to enhance disclosure requirements, increase transparency, and allow users to better assess risks an entity faces by participating in a multiemployer plan. The Committee meeting concluded with a presentation on the requirements under the Federal Acquisitions Regulation and Cost Accounting Standards.

Operating in partnership with its nationwide network of Chapters and representing more than 33,000 construction firms, the AGC is one of the leading associations for the construction industry. Carbis Walker LLP is a member and actively involved with the Association. Anyone interested in more information, or having questions can contact Jim Pitzer, at 724.658.1565, or jpitzer@carbis.com, for more in-depth information concerning issues facing the construction industry in these challenging times.

About Carbis Walker LLP

Carbis Walker LLP was founded over sixty years ago and is a member of the Carbis Walker Group.  The Firm has five offices throughout western Pennsylvania and eastern Ohio, and specializes in the areas of Construction & Real Estate, Health Care, Manufacturing & Distribution, and Auto Dealerships Services. 

Carbis Walker LLP is a member of the McGladrey Alliance.  The McGladrey Alliance (www.mcgladrey.com/alliance) is a premier affiliation of independent accounting and consulting firms in the United States, with more than 90 members in 49 states and Puerto Rico.  The McGladrey Alliance member firms maintain their name, autonomy, and independence and are responsible for their own client fee arrangements, delivery of services, and maintenance of client relationships.

The McGladrey Alliance is a business of RSM McGladrey, Inc., a leading professional services firm providing tax and consulting services.