• Legislative Update - Week Ending July 1, 2022

    Jul 01, 2022
    In this issue: Pennsylvania’s New Fiscal Year Starts Without Budget; Multistate Tax Meeting to Be Held in July; Pa. Veteran-Friendly Professional Licensing Bill Passes; and more.
  • PICPA’s Pivotal Role in Addressing Federal Tax Issues

    Jun 28, 2022
    Because the PICPA is a state-based organization, the government relations team keeps Pennsylvania and local tax policy issues at the core of our efforts. However, when the COVID-19 pandemic ravaged the world economy, attention to federal issues took on a new urgency
  • The Convertible Debt Interest Disallowance Dilemma

    Jun 28, 2022
    Many companies – and almost all start-up companies – heavily rely on some form of financing to keep their businesses on track to meet goals and objectives. In fact, we have seen a surge recently in the use of convertible debt instruments as a way to accomplish this, likely due to continued low interest rates (despite some recent inflation) and volatility within the market.
  • How to Prepare a Business for Strategic Sale

    Jun 28, 2022
    Business successions are generally accomplished in one of three ways: transition to next-generation family members, sale to key management or employees, or sale to an outside party. There are many considerations, both financial and nonfinancial, when deciding on a transfer of ownership. But when maximizing the net proceeds from the sale is a priority and ensuring that the majority of the proceeds are up-front cash, a sale to an outside party is the most viable option.
  • Solicitor Agreements Are Key to CPA, Wealth Adviser Team Ups

    Jun 28, 2022
    Certainly, CPA firms can offer wealth advisory services, but many choose not to based on compliance complexities, operational and employment costs, and parameters around maintaining independence. So, for those CPAs who opt to work with a wealth adviser on client matters, a solicitor agreement may be needed.
  • Has the Great Resignation Altered Your Retention Plans Yet?

    Jun 28, 2022
    As the world health crisis started to unfold in 2020, financial service firms observed the growing desolation among our clients watchfully, like tourists eyeing a tsunami from the 12th floor of a beachfront hotel. The tide was rising to wash businesses away, and the casualties were significant. As part of the aftermath, the way people work has been transformed. In 2022, with clearer skies and receding flood waters, there is now a better view of what happened and what lies ahead. The economic storm, it seems, washed away a fair number of workers with the Great Resignation that followed the health crisis. Now employers are scrambling to evaluate their methods of recruitment and retention.
  • Your Greatest Malpractice Risks and How to Mitigate Them

    Jun 28, 2022
    Many CPAs don’t realize how everyday tasks can easily expose them to malpractice litigation. Think about it. CPAs work hard at collecting client financial information, analyzing it to answer questions, and preparing government filings and crafting statements. This is complicated, time-intensive work that must accurately hit the mark. When it doesn’t, malpractice lawsuits can ensue.
  • The Finance Department: Make It a Place Where Everybody Knows Your Name

    Jun 28, 2022
    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.
  • Legislative Update - Week Ending June 24, 2022

    Jun 24, 2022
    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.
  • Protecting Trade Secrets in a Remote Work Environment

    Jun 21, 2022
    As more companies offer hybrid or fully remote work environments, the effort to protect trade secrets will grow as a concern. Since March 2020, legions of employees have been working from home with nearly unfettered access to company information. Some of that information may be regarded as trade secrets. Much has been written about the general cybersecurity threat remote work creates, but the exposure of trade secrets and other strategic company information poses an equally serious threat.
  • Identifying and Communicating Reportable Findings

    Jun 21, 2022
    Statement on Auditing Standards (SAS) No. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, requires auditors to communicate in writing reportable findings from audit procedures to management or those charged with governance on a timely basis. Prior to SAS 136, these items may have been communicated verbally or in a separate report discussing internal control related matters.
  • Pennsylvania Local Tax Implications of Remote Work

    Jun 21, 2022
    Remote work arrangements are becoming increasingly commonplace. What began as a COVID-19 necessity has come to be seen as an employee benefit. However, widespread remote work could expose businesses to additional tax risks and filing obligations.
  • Avoiding Errors in Establishing Basis in Business Interests

    Jun 21, 2022
    Busy tax practitioners often focus on issues of immediate urgency, which can sometimes leave them susceptible to making errors when determining the tax basis of interests in business entities, including C corporations, S corporations, and partnerships. (References to corporations and partnerships include limited liability companies treated as such for tax purposes.)
  • Blazing New Trails in Public Accounting through Social Entrepreneurship

    Jun 17, 2022
    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.
  • Inflation: What’s Behind It and What’s to Come

    Jun 17, 2022
    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.
  • Legislative Update - Week Ending June 17, 2022

    Jun 17, 2022
    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.
  • Legislative Update - Week Ending June 10, 2022

    Jun 10, 2022
    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.
  • PICPA at 125 Years: Celebrating an Enduring Legacy, Building an Exciting Future

    Jun 08, 2022
    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.
  • Get Comfortable Wrapping Yourself Around Python

    Jun 08, 2022
    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.
  • Legislative Update - Week Ending June 3, 2022

    Jun 03, 2022
    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.
Pennsylvania CPA Journal

Read the latest from the Pennsylvania CPA Journal online or via the mobile app and digital edition.

Read More

CPA Now

Get the latest info on professional trends, management, and leadership skills on CPA Now.

Read More

Premier Sponsors

Platinum Sponsors

Gallagher Bollinger Logo
CPACharge


Silver Sponsors

Paychex logo
Capstan Logo
epsa USA


Bronze Sponsors

sage-logo_bright_green_rgb_2018_28469
TaxConnex_logo_TM_tagline2019
botkeeper1
Fox School of Business, Temple University


Interested in becoming a sponsor? View packages >