Have you ever found it challenging to hold on to your authentic self, especially when it is out of sync with others? As a relative introvert in a business world often dominated by extroverts, Puneet Sapra has found that being true to himself is the key to his success.

The “broken rung” is a gap in the advancement cycle that stifles the promotion of women to senior leadership. For every 100 men promoted to a first-time manager position, only 72 women are. This should be getting much more press than the well-known and often used phrase “shatter the glass ceiling.” The “broken rung” is a bigger deal.

Changes to tax law -- particularly the increase in the federal estate tax exemption and the enactment of the portability election -- have made certain irrevocable trusts, such as residual trusts, less prevalent because many taxpayers who may have benefited no longer are subject to the estate tax. In fact, a residual trust that was established years ago could actually end up increasing taxes today.

Accounting firms – including the Big Four of Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers – announced in March that they are leaving the Russian market following Russia’s invasion of Ukraine. The process of removing Russian affiliates from the Big Four’s networks, however, is not a simple task, and is fraught with complications.

PICPA local events are back! As life continues to return to normal, our members are eager to get back together in person. If you’re ready, the PICPA will keep you busy all summer long with happy hours, baseball games, and more.

For CPA firms, a data breach is especially pernicious because firms will not only have to deal with the direct costs resulting from a breach, but also the indirect costs such regulatory compliance and reputational damage. It is crucial that all firms understand what all their obligations are in the immediate aftermath of such a breach.

There’s no denying things are changing fast. Technology has been quietly replacing busywork at public accounting firms for years, and the "disruptive" future accounting industry is now here, in all its automated, analytical glory. So, is your firm future-ready?

No industry is immune from a lack of labor, even those among the professional class such as CPAs. Firms are now looking outside their local areas – and even in other states – to find qualified candidates. As firms consider factors to support this growing remote workforce, there are a few items to keep in mind.

The process of making legislation can get messy, and sometimes you might be better off not watching it. But to remove some of the mystery of surrounding lawmaking, this blog describes the process in Pennsylvania through which state tax laws are enacted or, in some cases, repealed.

A cyber-incident preparedness plan could be crucial to weathering a post-cyberattack storm and ensuring your firm’s survival. Such plans can be of significant assistance in your efforts to recover quickly and smoothly from an attack and mitigate financial losses.

Clients value the insights of their CPAs, and often turn to them when it comes to important decisions, especially something as important as a strategy to transition out of their business. An often-overlooked option is the employee stock ownership plan (ESOP). This blog highlights ESOP benefits so CPAs can be more conversant on this transfer option.

Pennsylvania is one of the few states with an inheritance tax, which technically requires a beneficiary to pay tax on any assets they receive from a decedent. But in Pennsylvania, it is the unmarried who encounter a more difficult tax situation with inheritance.

Red-teaming is designed to provide an independent, dissenting voice to challenge assumptions and anticipate potential threats, weaknesses, and vulnerabilities. The objective is to mitigate groupthink and overcome conformity by purposefully seeking to reach an opposite conclusion relative to a strategy or the prevailing wisdom. Do you red-team at your organization? Would you even know where to begin?

PICPA's annual meeting is right around the corner, and this year we have more reasons to celebrate than ever … 125 reasons to be exact. This year marks PICPA’s 125th anniversary, and PICPA members are invited to come to Hershey May 31 through June 2 to embrace this historic moment, reconnect with peers, and move forward boldly into the profession’s future.

Since one of the three components of the COSO internal control over financial reporting is effectiveness and efficiency of operations – which includes financial performance measures and safeguarding of assets – one would think those involved in manufacturing operations would know about the COSO Internal Control Framework. That does not seem to be the case.

Every CPA Exam candidate’s time is precious. While there are no shortcuts to passing the CPA Exam, there are steps you can take to expedite the process. This blog provides three tips on how to pass the CPA Exam faster so you can start along your professional journey sooner.

The U.S. Securities and Exchange Commission (SEC) made a significant announcement that will greatly impact what is known as environmental, social, and governance (ESG) reporting for public companies. The PICPA surveyed its members on their awareness, level of interest, and assumptions related to ESG reporting, including their understanding of its impact on their firms and companies. Find out more about the survey results in this blog.

The Pennsylvania elections -- both state and federal -- are receiving national attention this year, and the May 17 primary will determine which candidates will move forward as their parties' nominees for the November general election. This blog provides an overview of your primary election options, at both the state and federal levels.

Until very recently, there were absolutely no regulations about how businesses could collect, store, and sell personal information, with or without permission. Now, dozens of states have introduced consumer data privacy bills. It is vital to note what these laws require and to whom they apply.

Pennsylvania Commonwealth Court ruled in January that a Philadelphia resident taxpayer who worked in Wilmington, Del., was not entitled to a credit against her Philadelphia Wage Tax liability for state income tax paid to Delaware. The court determined that Philadelphia’s taxing and crediting policies were justified on the grounds that state and local income taxes are levied separately. However, the court’s analysis in this case raises several important local taxation questions.