CPA Now

Professional & Technical Issues

  • Federal Tax Committee Weighs in on Health Care Executive Order

    President Donald Trump issued an executive order on Jan. 20, 2017, regarding the Patient Protection and Care Act. It has raised several tax questions. This blog explains PICPA's position regarding 2016 federal personal income tax returns that calculate a penalty for not having mandated health insurance (the shared responsibility payment).
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  • The New Credit Loss Standard and the CECL Model

    After almost a decade of study, the Financial Accounting Standards Board (FASB) released an accounting standard on the credit losses on financial instruments. In rethinking how credit losses should be recognized and measured, however, FASB created a standard that affects the accounting for a wide variety of financial instruments and a wide variety of entities.
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PICPA Initiatives


Legislative

  • Pennsylvania 2017-2018 Budget Battle Begins

    Gov. Tom Wolf unveiled his fiscal year 2017-2018 state budget proposal to a joint session of the Pennsylvania General Assembly. Wolf’s presentation was notable for its brevity, its conciliatory nature, and its themes of no taxes and cutting spending.
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CPA Exam & Licensure


Careers & Lifestyles

  • Why Aren’t Women Better Represented in Leadership Roles?

    Ten or 15 years ago, businesses were developing inclusion programs to attract women into the accounting profession. There has been some success: more than 50 percent of accounting grads were women for many years. But those additional young professional women didn’t translate into growth in the number of women holding leadership roles.
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