Mar 12, 2023, 09:36 AM by Matthew D. Melinson, CPA, Vito A. Cosmo Jr., CPA, CGMA, and Patrick K. Skeehan, JD

A career in state and local tax can be challenging but also rewarding. With 50 states, the District of Columbia, and thousands of localities, there are numerous types of state and local taxes, including income, nonincome-based entity taxes (gross receipts, franchise), sales and use, real and personal property, excise, transfer, and many other industry-specific taxes. Pennsylvania alone has about 34 state-level taxes.

Mar 10, 2023, 10:11 AM by PICPA Government Relations

In this issue: Gov. Shapiro Unveils $44.4 Billion Pennsylvania Budget; Pa. Revenue Department Provides Schedule DC Guidance; Samuelson to Chair Pa. House Finance Committee; and more.

Mar 3, 2023, 10:17 AM by PICPA Government Relations

In this issue: Joanna McClinton Elected First Woman Speaker of Pa. House; PICPA Provides Testimony on Philadelphia Super Credit; Senators Unveil Pennsylvania Tax Reform Proposals; and more.

Feb 24, 2023, 10:53 AM by PICPA Government Relations

In this issue: Pa. State House Lawmakers Enter Special Session; Pennsylvania DOR Clarifies Section 174, Other Guidance; Pa. Court Issues Decision in Synthes Tax Refund Case; and more.

Feb 17, 2023, 10:51 AM by PICPA Government Relations

In this issue: Pa. House Lawmakers Return to Harrisburg; Pennsylvania e-TIDES System Shuts Down Feb. 24; PICPA State Budget Proposal Webcast; and more.

Feb 10, 2023, 10:24 AM by PICPA Government Relations

In this issue: Pa. School Funding System Unconstitutional; “Final Payment” Scam Targets Pennsylvanians; Special Elections Give Control of Pa. House to Democrats; and more.

Feb 3, 2023, 10:25 AM by PICPA Government Relations

In this issue: Executive Order to Improve Pa. Licensing and Permitting; Pennsylvania Revenue Department 411 Videos; Greiner Named Republican Chair of Pa. House Finance Committee; and more.

Jan 27, 2023, 10:43 AM by PICPA Government Relations

In this issue: Pa. House Speaker's Listening Tour; New Office to Streamline Pennsylvania Business Development; DOR Offers myPATH, PA-100 Guidance; and more.

Jan 20, 2023, 10:59 AM by PICPA Government Relations

In this issue: Shapiro Takes Oath as 48th Governor of Pennsylvania; Order Eliminates College Requirement for State Jobs; Special Pa. House Elections Set for Feb. 7; and more.

Jan 13, 2023, 11:01 AM by PICPA Government Relations

In this issue: Shapiro Taps CPA for Revenue Secretary; Pa. Senate Approves Constitutional Amendments; e-TIDES to Shut Down in February; and more.

Jan 6, 2023, 10:24 AM by PICPA Government Relations

In this issue: Pa. CPA Law Amendments, Tax Changes Take Effect; Shapiro Continues to Build Staff; Civil Justice System Costs Pennsylvanians Billions; and more.

Dec 20, 2022, 07:00 AM by Matthew Schiavone, CPA, CISSP, CISA

Third-party risk management – or the minimization of risks introduced by third-party organizations – is a critical component of all cybersecurity programs. CPAs are service providers, and many of your clients are service providers, so you may be familiar with requests to fulfill a third-party risk management program.

Dec 20, 2022, 07:00 AM by Alex Fabian

The $430 billion Inflation Reduction Act of 2022 appropriates about $80 billion over the next decade for IRS activities, including the hiring and training of new auditors, technology systems modernization, and taxpayer services.

Dec 20, 2022, 07:00 AM by Jonathan Forman and Michael Wilshere, JD

When considering a merger or acquisition, tax attributes are often not a due diligence priority. Incorrect assumptions are often made about the value and utility of these attributes. An acquiring company can be surprised to find out it cannot use any of the target’s R&D tax credits following the acquisition.

Dec 20, 2022, 07:00 AM by Irene M. Walton

Tax season is quickly approaching, and CPAs are actively preparing to meet the impending needs of their clients. This also is a time when CPAs should be especially diligent in reducing their liability risks.

Dec 20, 2022, 07:00 AM by Julie Verrekia, CPA

A common topic on everyone’s mind this employee benefit plan audit season was implementation of Statement on Auditing Standards (SAS) No. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans, in addition to SAS Nos. 134, 135, and 137-141. In short, SAS No. 136 contains a new reporting model for audits of plans subject to the Employee Retirement Income Security Act (ERISA), as well as incremental performance requirements for those audits.

Dec 16, 2022, 10:52 AM by PICPA Government Relations

In this issue: Republicans Install Cutler as Pennsylvania Majority Leader; Study Suggests Improving Pa.’s Local Tax System; PICPA Federal Tax Webinars; and more.

Dec 15, 2022, 18:16 PM by Cassandra Bennett, CPA, DBA, and Jeffrey Bennett, CPA, MBA

The phenomenon of cryptocurrency has gained steam over the past few years. The flexibility of this digital, encrypted, and decentralized form of exchange intrigues many, but it is causing consternation on how exactly to tax its use and how to mitigate some of the tax burden derived from its holdings.

Dec 15, 2022, 12:53 PM by Robert E. Duquette, CPA

The new corporate alternative minimum tax (CAMT) is a significant feature of the Inflation Reduction Act of 2022. There are situations in which the CAMT could apply that would not be obvious at first.

Dec 15, 2022, 07:00 AM by Heather Demshock, CPA, CMA

Accounting professionals at all stages of their careers have been moving on and this raises ethical considerations for those in public accounting since many of the professionals and partners leaving have opportunities for continued employment with their firms’ clients.