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Jun 28, 2022, 16:37 PM
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John S. Stoner, CPA, CVA
Discusses the interests of selling a business strategically and the questions to ask when assessing how the firm may appeal to an external buyer.
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Jun 28, 2022, 16:35 PM
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Angie M. Stephenson, CPA, PFS, CFP, and Thomas D. Giachetti, JD
Discusses how solicitor agreements can help CPA firms that - due to compliance complexities and independence parameters - chose to work with a wealth adviser on client matters.
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Jun 28, 2022, 16:33 PM
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Alyzabeth R. Smith, CPA
Discusses how financial service firms were affected by the Great Resignation and how they can chart a path forward to bolster their retention efforts.
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Jun 28, 2022, 16:31 PM
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Lauren Pitonyak
Explains that simple, everyday tasks can expose CPAs to malpractice litigation, but offers ways to mitigate the risks.
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Jun 28, 2022, 16:29 PM
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Michael F. De Stefano, CPA
What if colleagues shouted your name every time you entered the office? You’d probably feel a lot like Norm Peterson in the classic TV comedy series Cheers. Having rewatched the show recently, I began to see parallels with the functionality of a modern finance or accounting department.
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Jun 24, 2022, 10:44 AM
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PICPA Government Relations
In this issue:
Budget Agreement a Growing Challenge for Pennsylvania Lawmakers; CPA-PAC Annual Report Available; Pa. Senate Committee Passes Bill to Improve Financial Literacy; and more.
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Jun 21, 2022, 16:51 PM
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David Duffus, CPA, ABV, and CFF
Discusses how a recent court decision in Pennsylvania has shed light on how businesses can protect trade secrets in a remote work environment.
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Jun 21, 2022, 16:50 PM
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Richard F. Fischer, CPA, CGMA
Breaks down reportable findings related to SAS No. 136, including how to identify and communicate them to prevent major deficiencies in audits of ERISA plan financial statements.
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Jun 21, 2022, 16:49 PM
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Matthew Melinson, CPA, Narj Bhogal, CPA, Patrick Skeehan, JD, and Thomas Boyle, JD
Covers the additional risks businesses face as remote work arrangements continue to become more commonplace.
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Jun 21, 2022, 16:48 PM
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Mark L. Lubin, CPA, JD, LLM
Discusses the best practices to determine tax basis of interests in business entities, including C corporations, S corporations, and partnerships while avoiding crucial errors.
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Jun 17, 2022, 15:32 PM
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J. C. Blewitt, PhD, and Rebecca Kinzinger, CGFM
Social entrepreneurship efforts tend to be industry-specific and lean on professional practices to enact valuable changes. This feature weighs how public accounting can adopt social entrepreneurship through an analysis of two important industry stakeholders: firms and millennials.
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Jun 17, 2022, 15:31 PM
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Nicholas A. Boyer
CPAs, in both public accounting and industry, are well-positioned to collect, measure, and interpret the financial data needed to navigate organizations through a potentially long inflationary period. Reevaluating operational cost structures, calculating unit cost for products sold and services provided, tracking changes in gross margins, and assisting with pricing strategies to maintain profitable operations are a few important ways CPAs can guide and support leaders and executives. This feature will help you identify and weigh the prospects of a potential inflationary period.
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Jun 17, 2022, 10:36 AM
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PICPA Government Relations
In this issue:
Tax Cut Proposals Advance with Pennsylvania Budget Discussions; PHFA: Mixed-Use Development Pa. Tax Credits Open for Bids; Pa. DOR Updates Taxable and Exempt Property List; and more.
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Jun 10, 2022, 11:14 AM
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PICPA Government Relations
In this issue:
Pennsylvania Pass-Through Entity Tax Bill Advances; Pa. DOR to Change Overpayment Offsetting; Longtime PICPA Ally Sen. Browne Concedes Primary; and more.
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Jun 8, 2022, 18:21 PM
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Matthew McCann
On our 125th anniversary, the PICPA would like to share a few highlights from the past and some of our plans for how we will continue coming together to enhance the profession, serve the public, and work together to resolve common issues, big and small. Specifically, this feature looks at our membership, advocacy efforts, professional learning channels, the pipeline of new CPAs, and the profession’s reputation and ethics.
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Jun 8, 2022, 18:13 PM
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J. L. “John” Alarcon, CPA, CGMA, CITP, Kevin C. Moffitt, PhD, and Cory Ng, CPA, DBA, CGMA
As more tools become necessary for analyzing large and unstructured data sets in today’s digital environment, the open-source programming language Python has emerged as an important contributor to audits, internal audit, IT audit, business planning and forecasting, as well as traditional accounting roles. This feature explains why Python has gained popularity among financial professionals and discusses its relevance to CPAs.
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Jun 3, 2022, 10:01 AM
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PICPA Government Relations
In this issue:
PICPA-Backed Pass-Through Entity Tax Bill Up for Committee Vote; Strong Pennsylvania Revenue Collections Continue; Gov. Wolf Pushes for $2,000 Direct Payments to Pennsylvanians; and more.
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Jun 1, 2022, 09:53 AM
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James J. Newhard, CPA
When the very first IKEA store came to the United States in 1985, there were signs and billboards two years beforehand declaring, “IKEA is coming!” I lived in Plymouth Meeting where it was built, saw the signs, and heard the news. Still, I had no idea what this store was about, let alone whether it would catch on. In my professional life, the new lease accounting standards exposure draft was issued in 2010, and we have long endured the “New lease accounting is coming!” promotions. Finally, it is here: Accounting Standards Codification (ASC) 842 is in effect for 2019 for public companies and 2020 for nonpublic companies.
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Jun 1, 2022, 09:50 AM
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Akriti Anand
The universe of data continues to grow – in volume, velocity, and variety. For forensic accountants, that means the scope of potentially relevant evidence is growing too. Moreover, forensic accountants must increasingly contend with evidence that is unstructured – meaning the information format doesn’t fit with conventional databases. Between the complexity of emerging data types and the sheer volume, manual methods of data management and analysis can’t keep up.
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Jun 1, 2022, 09:50 AM
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Judith Herron, CPA
According to CoinMarketCap.com, at the start of 2018, virtual currency markets were worth about $560 billion. By the end of the year, that same measure was $130 billion. Most people would characterize this as nothing but bad news. However, CPAs are skilled at finding an upside in a disaster. Now that Bitcoin mania has calmed, is there a tax-saving opportunity buried among the wreckage?
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