Mar 1, 2024, 09:49 AM by PICPA Government Relations

In this issue: Education and elections headline Pa. budget hearings; Shapiro launches Pennsylvania Election Threats Task Force; Pa. Revenue Department issues new gaming bulletin; and more.

Feb 23, 2024, 09:56 AM by PICPA Government Relations

In this issue: First week of Pennsylvania budget hearings; A look at Pa.'s new annual report requirement; Hearing scheduled on Pennsylvania wealth tax; and more.

Feb 16, 2024, 10:13 AM by PICPA Government Relations

In this issue: PICPA top legislative priorities for 2024; Pennsylvania budget hearings begin; Pa. Rep. Pisciottano's open markets act; and more.

Feb 14, 2024, 11:41 AM by Edward R. Jenkins Jr., CPA, CGMA

What’s the difference between “equity” and “resilience?” In real terms, essentially nothing: equity is resilience. Equity gives you, a company, or a government the ability to take a hit – a hit like a recession or a pandemic. The big question now is whether or not the United States has the equity to return to normal after a crisis. To consider this issue, I explore the growing U.S. debt, the concomitant reduction in equity, and the implications of debt growth on government and the economy as a whole.

Feb 9, 2024, 10:10 AM by PICPA Government Relations

In this issue: Pa. governor proposes $48.3 billion budget; All eyes on special Pennsylvania House election; Pa. CRIZ program improvements bill; and more.

Feb 2, 2024, 10:28 AM by PICPA Government Relations

In this issue: PICPA-backed tax appeal reform introduced; Pa. governor unveils 10-year economic development plan; Bill seeks to modernize Pennsylvania unclaimed property process; and more.

Jan 26, 2024, 09:56 AM by PICPA Government Relations

In this issue: Pennsylvania budget address set for Feb. 6; Bill to create family and medical leave Pa. tax credit; Pennsylvania debt management policy; and more.

Jan 19, 2024, 10:39 AM by PICPA Government Relations

In this issue: Slow start expected in Pa. General Assembly; New Pennsylvania tax bulletin; PICPA member Pisciottano to run for Pa. Senate; and more.

Dec 22, 2023, 10:18 AM by PICPA Government Relations

In this issue: Season’s greetings from the PICPA; Pa. grantor trust law effective date clarified; Beneficial ownership information reporting delay; and more.

Dec 18, 2023, 13:28 PM by Nicole Jankowski, SPHR, SHRM-SCP

Territorialism and claims of project ownership are not uncommon in business. But when it comes to retirement plans, Nicole Jankowski explains that a shared ownership between human resources and finance will be beneficial to all.

Dec 18, 2023, 13:27 PM by Matthew Schiavone, CPA, CISSP, CISA

CPAs with clients who work for or with defense contractors need to understand the Cybersecurity Maturity Model Certification (CMMC). Matthew Schiavone, CPA, CISSP, CISA, explains the CMMC and offers a word of caution as to how it could affect the costs and resources of the contractor and how CPAs may be called on to be compliance assessors.

Dec 18, 2023, 13:25 PM by Nicole K. Cradic, CPA

Statement on Auditing Standards No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, is effective for periods ending on or after Dec. 15, 2023. Nicole K. Cradic, CPA, shares some the key changes in the standard of which auditors need to be aware.

Dec 18, 2023, 13:24 PM by Matthew D. Melinson, CPA, Patrick K. Skeehan, JD, and Thomas D. Boyle, JD

Business privilege and mercantile taxes (BPT) can be overlooked and misunderstood by taxpayers and practitioners alike. Matthew Melinson, CPA, Patrick Skeehan, JD, and Thomas Boyle, JD, look at the mechanics of the BPT and some of the latest trends to help taxpayers meet filing obligations, capture tax savings, and avoid missteps.

Dec 15, 2023, 11:22 AM by PICPA Government Relations

In this issue: Pennsylvania grantor trust reform signed by governor; Pa. lawmakers wrap up 2023 with a flurry of activity; Pa. fiscal code bill signed into law; and more.

Dec 11, 2023, 11:56 AM by L. Erik Ringoen, CPA, ABV, CFF, Zachary Epstein, and Richard J. Zack

L. Erik Ringoen, Zachary Epstein, and Richard J. Zach explain how when forensic accountants and attorneys work together, they greatly increase the prospects of ensuring a client’s rights are vindicated, legal issues are properly addressed, and accounting safeguards are implemented to protect the client’s finances.

Dec 11, 2023, 11:54 AM by Brian M. Balduzzi, JD, LLM (Taxation), CFP

It is not uncommon for grandparents to want to pass along some of their accumulated wealth to their grandchildren, but a recent court decision ruled that certain gifts made by check were to be includible in the decedent’s gross estate. Brian M. Balduzzi, JD, LLM (Taxation), CFP, provides several alternative gifting strategies to help remove the risk of these gifts being deemed incomplete.

Dec 11, 2023, 11:49 AM by Duncan B. Will, CPA, ABV, CFF, CFE

In recognition of the COVID-19 pandemic, standard setters delayed many effective dates to allow the profession time to prepare for their adoption. The procrastinators now face an onslaught of pronouncements either already in effect or soon to be effective. Duncan Will, CPA, highlights some of the risk implications and offers a few risk management tips.

Dec 11, 2023, 11:38 AM by Robert E. Duquette, CPA

Federal spending and the amount of revenue generated by federal taxation do not jibe. They have not for some time, and now the country is dangerously close to unprecedented repercussions from a continuously growing national debt. Robert E. Duquette, CPA, provides a host of data detailing the issue at hand, what’s coming down the pike, and the difficulties standing in our way that we must overcome to solve the problem.

Dec 8, 2023, 10:39 AM by Christine A. Funkhouser, CPA, and Gergana Lipidakova, CPA

With 38% of partner roles held by women, important progress is happening, but there is still a persistent gender gap for women wanting to take on leadership roles in accounting. In this feature Christine A. Funkhouser, CPA, and Gergana Lipidakova, CPA, offer practical tips for women aspiring to leadership positions within the profession.

Dec 8, 2023, 10:32 AM by PICPA Government Relations

In this issue: PICPA-backed tax appeal reform measure; Pa. Rep. Pisciottano to introduce antitrust statute; Pennsylvania lawmaker proposes tax credits for shopping malls; and more.