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Latest Blogs

  • Lora Bahrey-Ament

    IRS Notice 2021-10: Extending Relief for Qualified Opportunity Funds

    The IRS recently published Notice 2021-10 to provide additional relief for Qualified Opportunity Funds (QOFs) and their investors, extending the relief previously granted under Notice 2020-39 due to the pandemic. The Opportunity Zone program was designed to encourage investment in designated distressed areas through tax incentives.
    Full story
  • Adam Batchelor, PICPA vice president, learning and development

    Reporting Year Upgrades at the PICPA

    With the limitations on in-person gatherings due to health and safety guidelines and a commitment to keeping our members healthy and safe, CPE hasn’t been the same over the past year and likely won’t be for the immediate future. At the PICPA, we are planning a robust offering of CPE programs for 2021.
    Full story

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By Topic

Professional & Technical Issues

  • IRS Notice 2021-10: Extending Relief for Qualified Opportunity Funds

    The IRS recently published Notice 2021-10 to provide additional relief for Qualified Opportunity Funds (QOFs) and their investors, extending the relief previously granted under Notice 2020-39 due to the pandemic. The Opportunity Zone program was designed to encourage investment in designated distressed areas through tax incentives.
  • Reporting Year Upgrades at the PICPA

    With the limitations on in-person gatherings due to health and safety guidelines and a commitment to keeping our members healthy and safe, CPE hasn’t been the same over the past year and likely won’t be for the immediate future. At the PICPA, we are planning a robust offering of CPE programs for 2021.

Legislative

  • Forgiven PPP Loans Now Exempt from Pa. Personal Income Tax

    The strength of PICPA's 20,000 members was on display recently in Harrisburg as the PICPA scored a major legislative victory in ensuring that forgiven Paycheck Protection Program loans would be exempt from state personal income tax.
  • CPAs: Start Preparing Now for PPP 2

    Legislation on additional pandemic relief, including a new Paycheck Protection Program, is expected to pass the U.S. Congress before the end of 2020. CPAs are strongly encouraged to identify business clients who may qualify for these benefits, and to begin contacting them about the loan application process. This new effort should also address the long-simmering issue of tax deductibility of expenses related to forgiven Paycheck Protection Program loans.

PICPA Initiatives

  • Are You Prepared for the Costs of Long-Term Care?

    Long-term care services can cost upward of $100,000 per year. PICPA members have access to planning and educational tools that can help them make informed decisions as well as access to long-term care solutions.

CPA Exam & Licensure

  • CPA Skills Tests: Supporting the Next Generation of CPAs

    What are the most important skills for a newly licensed CPA as they enter the profession? While the CPA Exam verifies foundational competencies, the roles of newly licensed CPA continue to change with the profession. What we need to do is balance the need of what we consider “foundation” knowledge with the changes that must be introduced because of the work required of newly licensed CPAs.

Careers & Lifestyles

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