CPA Now Blog

It's that time of year again: budget season. The budget, though, is not the only big issue for the PICPA right now. There are also new 1099-MISC rules that businesses and CPAs have been wrestling with.

Gov. Tom Wolf recently signed into law Acts 71 and 72, much needed changes to the Solicitation of Funds for Charitable Purposes Act that have been championed by the PICPA.

If you have a minor disciplinary note on your CPA license record, you may be able to expunge that infraction in the very near future.

On Dec. 22, 2017, the Pennsylvania Department of Revenue issued Corporation Tax Bulletin 2017-02 concerning the disallowance and recovery of 100 percent depreciation under the Internal Revenue Code, a measure related to the Tax Cuts and Jobs Act of 2017. With the latest bulletin, the DOR changed its policy regarding 100 percent bonus depreciation.

As we begin 2018, it’s worth looking back on PICPA’s advocacy efforts in 2017. We made many strides in shaping public policy in Pennsylvania in 2017, and we are looking forward to building upon our success.