A trusted voice protecting the interests of our members in Harrisburg and on a national level.
Fostering the growth of aspiring accountants with educational, motivational and financial support.
Integrity, accuracy, and ethics are pillars of the accounting profession.
May 13-15, 2024
May 30, 2024
Apr 22, 2024, 03:39 AM
A case before the Pennsylvania Supreme Court is a threat to the ability of the Commonwealth to limit its exposure to liability through the enactment of damages caps. This is important because uncapped liability verdicts could wipe out funds set aside for critical government services, leading to ever higher taxes.
Apr 16, 2024, 23:06 PM
Internal Revenue Code Section 1031 permits taxpayers to defer paying tax on gain for federal income tax purposes when they invest in real estate and exchange one property for another property. In Pennsylvania, whether or not taxpayers can defer gain pursuant to Section 1031 for state personal income tax purposes has been contested for years. In Pearlstein v. Commonwealth, the decision from the state Supreme Court will be a test as to whether the DOR can effectively ignore the language of its own statutes and corresponding regulations.
Apr 15, 2024, 03:21 AM
Any given property contains a multitude of different assets, and each of them can be expected to have a different useful life. In a cost segregation study, engineers identify and quantify building assets and then assign each asset a cost. These costs are then segregated into different categories. By segregating assets into shorter-lived categories, they can be depreciated more quickly, resulting in tax savings and increased cash flow.
This year, two points will dominate lawmakers' agendas in Harrisburg: the budget for the upcoming fiscal year and the fall elections. That doesn’t mean the PICPA will stop its advocacy efforts on matters important to Pennsylvania’s CPAs.
The call for the corporate world to enlist environmental, social, and governance (ESG) metrics and reporting is growing. In this feature, J. Stephen McNally, CPA, CMA, proposes that – whether your organization is subject to mandatory reporting requirements or not – sustainability decisions are good business decisions.
In this issue: Pennsylvania Primary Election Day is here; PICPA member outlines tax priorities to Pa. House committee; Rollovers from PA-529s to Roth IRAs proposed; and more.
Ensure that your interests are represented in Harrisburg with state legislators and regulators.
Get more than 30 hours of free CPE per year with monthly town halls, professional issues updates, free member programs, and self-study CPE Academy courses.
Get up to $100 off CPE courses, exclusive unlimited discount packages, and discounts on CPA products and services
Tap into PICPA's Career Center for career guidance and a Pennsylvania accounting specific job board.
Subscribe to My PICPA Weekly for timely information on technical updates in tax, auditing, and other financial topics. This personalized newsletter is your ticket to getting the most important topics in front of you as soon as they become issues.