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Latest Blogs

  • Rick Kes

    Provider Relief Fund Compliance: Documenting Is Key

    The health care industry saw billions of dollars in stimulus payments in 2020 through the Provider Relief Fund to help with the financial effects of the COVID-19 pandemic. The rollout, however, presented challenges. As organizations attempted to determine how to meet the grant’s terms and conditions, Health and Human Services issued guidance, but that guidance has evolved over time.
    Full story
  • Maggie Kracjer

    The Future of the Federal R&D Tax Credit

    President Biden has proposed several tax changes, some of which are in the administration’s infrastructure proposal. The headliner is raising the corporate income tax rate above what was set by the TCJA. What is not often discussed is that this increase in the corporate tax rate would also have a negative impact on the value of R&D credits because of a required IRC Section 280C(c) adjustment.
    Full story

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Professional & Technical Issues

  • Provider Relief Fund Compliance: Documenting Is Key

    The health care industry saw billions of dollars in stimulus payments in 2020 through the Provider Relief Fund to help with the financial effects of the COVID-19 pandemic. The rollout, however, presented challenges. As organizations attempted to determine how to meet the grant’s terms and conditions, Health and Human Services issued guidance, but that guidance has evolved over time.
  • The Future of the Federal R&D Tax Credit

    President Biden has proposed several tax changes, some of which are in the administration’s infrastructure proposal. The headliner is raising the corporate income tax rate above what was set by the TCJA. What is not often discussed is that this increase in the corporate tax rate would also have a negative impact on the value of R&D credits because of a required IRC Section 280C(c) adjustment.

Legislative

  • More than Municipal Primaries: The Constitution and Courts on the Ballot

    Much of politics is local, to paraphrase former U.S. Speaker of House Thomas P. O’Neill, and Pennsylvania voters in May 2021 will determine who will vie for positions in the county courthouse, townships, boroughs, and school boards. This year’s primary election, however, has added significance with proposed amendments to the state constitution.
  • Understanding PICPA Advocacy – Money, Elections, and the CPA-PAC

    Political action committees get a lot of bad press. A quick google search brings up terms like “dark money” and “slush fund,” but this could not be further from the truth. The Certified Public Accountants Political Action Committee, for example, specifically supports the mission of the PICPA by helping to elect bipartisan, respectable candidates who support strong fiscal policy and other positions favorable to CPAs.

PICPA Initiatives

  • The Value Chain of PICPA Membership

    In January 2021, PICPA Council adopted a new member value framework with five key elements: peer-to-peer connections, advocacy, learning and development, career path, and business development. In conjunction with this, Council and the Board approved dissolving the existing chapter governance structure and revamping the PICPA committee portfolio.

CPA Exam & Licensure

  • CPA Evolution: What’s Next?

    The AICPA is working with the National Association of State Boards of Accountancy to enhance CPA licensure through the joint CPA Evolution project that aims to transform the licensure model by recognizing the changing skills and competencies accounting requires today and into the future. This new licensure model will continue to place the CPA profession in the best position to meet the needs of firms, organizations, clients, and the public. It is also flexible enough to evolve as market needs and roles change.

Careers & Lifestyles

  • Alliance Pharma's Frank Li: Trust Your Instincts

    Sun Lee, CPA, is a tax partner with KPMG LLP, where he leads the Pennsylvania business tax services corporate practice. Through his work with different companies, he has come across many inspiring stories. In this blog, Lee has a discussion on leadership with Frank Li of Alliance Pharma.
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