CPA Now Blog

PICPA local events are back! As life continues to return to normal, our members are eager to get back together in person. If you’re ready, the PICPA will keep you busy all summer long with happy hours, baseball games, and more.

There’s no denying things are changing fast. Technology has been quietly replacing busywork at public accounting firms for years, and the "disruptive" future accounting industry is now here, in all its automated, analytical glory. So, is your firm future-ready?

PICPA's annual meeting is right around the corner, and this year we have more reasons to celebrate than ever … 125 reasons to be exact. This year marks PICPA’s 125th anniversary, and PICPA members are invited to come to Hershey May 31 through June 2 to embrace this historic moment, reconnect with peers, and move forward boldly into the profession’s future.

The U.S. Securities and Exchange Commission (SEC) made a significant announcement that will greatly impact what is known as environmental, social, and governance (ESG) reporting for public companies. The PICPA surveyed its members on their awareness, level of interest, and assumptions related to ESG reporting, including their understanding of its impact on their firms and companies. Find out more about the survey results in this blog.

Sales and Use Tax Bulletin 2021-05 covers the taxation of equipment rental and equipment rental with operators. The bulletin restates the presumption that when a vendor provides the use of equipment with an operator, the transaction is a rental of equipment. As such, the charge is subject to Pennsylvania sales and use tax. This is very important to vendors of equipment rentals and services involving the use of equipment who should review their contracts to verify that the sales and use tax treatment is consistent with Pennsylvania regulations.

Perhaps environmental, social, and governance (ESG) reporting is not yet on the radar at your firm or company, but that could soon change. Forthcoming ESG rules and standards could have a significant impact on the marketplace, and the PICPA wants to know where you stand.

The cost of education is high, and the Pennsylvania CPA Foundation is awarding more than $200,000 to support future CPAs. Don’t let this opportunity for you, or someone you know, to win a scholarship slip through your fingers.

PICPA's new Career Center connects members with the resources and content they need to help them excel professionally. Organized by career stage, the Career Center features an array of programs, blogs, podcasts, and professional development opportunities.

The effective implementation date of ASC 842 for private companies is Jan.1, 2022, and these companies and their CPAs simply are not ready. The PICPA’s Accounting and Auditing Steering Committee has petitioned the FASB for a two-year deferral of the effective date of ASC 842 , but we need your input, and we need it today!

The PICPA State Tax Steering Committee and their colleagues at the New Jersey Society of Certified Public Accountants recently met to tighten the connections between the two organizations and to work collaboratively to uncover and resolve potential cross-state tax issues.

The Pennsylvania CPA Journal Editorial Board recently held its annual content meeting to share ideas and come up with a consensus for the feature articles for the 2021-2022 year. The board members’ contributions were thought-provoking and plentiful. You won't want to miss our next four issues. Find out what the Pennsylvania CPA Journal has in store.

Jennifer L. Cryder, PICPA’s executive vice president and chief operating officer, has unanimously been selected as the PICPA’s new CEO and executive director by its Board of Directors. The selection marks the first time in PICPA’s 125-year history that a woman will helm the association.

In January 2021, PICPA Council adopted a new member value framework with five key elements: peer-to-peer connections, advocacy, learning and development, career path, and business development. In conjunction with this, Council and the Board approved dissolving the existing chapter governance structure and revamping the PICPA committee portfolio.

When it comes to diversity, equity, and inclusion initiatives, progress can be slow and difficult to measure. Even the staunchest allies get fatigued and wonder if we are making progress undoing generations of challenges. But when we are most tired, it is good to remember the successes and, yes, the progress underway.

After 42 years with the PICPA, 10 as CEO and executive director, Michael D. Colgan has announced his retirement at the end of 2021.

If you are a business with customers in multiple states, your tax obligations grow exponentially with the number of states and the sales tax complexities in those states. But nexus determination and upkeep is just one part of the difficult sales tax compliance process.

CPAs have extensive experience helping clients meet their fiscal challenges head-on and directing them toward success. Pennsylvania, too, faces fiscal challenge, and the PICPA's Fiscal Responsibility Task Force has developed a report to assist those in governance find a sound financial footing for the state's financial health.

Long-term care services can cost upward of $100,000 per year. PICPA members have access to planning and educational tools that can help them make informed decisions as well as access to long-term care solutions.

To better connect our members to available job opportunities, the PICPA has launch an upgrade to its online job board. Find enhanced features for job seekers and employers.

When it comes to defining the value of PICPA membership, "value" can mean different things to different people. But a member satisfaction survey revealed what members value most among all of the things the PICPA provides.