CPA Now - Legislative Blog Posts
CPA Now

Legislative

  • The Demographic Squeeze Has Arrived in Pennsylvania

    Pennsylvania’s Independent Fiscal Office recently published an updated demographics forecast for the state through 2030. The latest data show that state's labor force participation rates remain well below prepandemic rates.
    Full story
  • PICPA Government Relations’ General Election Recap

    An unsettled economic environment during a midterm election has historically been a recipe for disaster for the party in power. Not this year! Get a recap of 2022's surprising election results from PICPA's government relations team.
    Full story
  • Monumental Changes for CPAs Arise from Pa. Legislature’s Late Session Action

    The PICPA government relations team has been working on major legislative changes to Pennsylvania’s CPA Law for years. On Nov. 3, Gov. Tom Wolf signed the legislation, making vital updates to the law that governs the profession and impacts so many functions.
    Full story
  • The Inflation Reduction Act of 2022 and the Corporate Alternative Minimum Tax

    The new Inflation Reduction Act is a large and complex piece of legislation that contains numerous tax components. This blog takes a deep look at the 15% Corporate Alternate Minimum Tax (CAMT) and several elements that deserve close scrutiny.
    Full story
  • Pennsylvania Lawmakers Return for Brief Pre-Election Session

    There are only a handful of session days in the Pennsylvania legislature before November’s election recess, so lawmakers will be using this narrow window to add to their list of 2021-2022 accomplishments. The PICPA will be involved, advocating for several important goals before time runs out on the session.
    Full story
  • New Pa. Rules for Tipped Workers Explained

    For the first time in 44 years, Pennsylvania has updated the rules affecting tipped workers and salaried workers who have fluctuating work-week schedules. This blog from the Pennsylvania Department of Labor & Industry clarifies some of the key changes in the definition of tipped employees as well as some of the modified regulations in this area.
    Full story
  • Key Tax Changes Included in Inflation Reduction Act

    Congress passed a sweeping tax, health care, and climate bill, which was signed by President Joe Biden on Aug. 16, 2022. Known as the Inflation Reduction Act of 2022, the legislation contains major tax provisions of particular interest to CPAs.
    Full story
  • Accounting as Part of STEM: A Critical Pipeline Need

    In a rapidly changing world, it is vital that students are well-versed in science, technology, engineering, and mathematics (STEM). CPAs are fighting hard to have accounting education included under the STEM umbrella. Why? First, accounting already is a profession that requires high aptitude in technology, and it will become even more so. More importantly, though, inclusion as a STEM discipline will go far in enhancing the pipeline of prospective accountants.
    Full story
  • Tax Reduction Home Run a Highlight of Pa.’s 2022-2023 Budget

    Seven days after the 2022-2023 fiscal year began on July 1, Gov. Tom Wolf and state lawmakers did finally adopt a $42.8 billion state General Fund appropriations bill. This year there was big news on the tax front: there will be a staged reduction in the Pennsylvania corporate net income (CNI) tax rate -- the state’s first CNI tax rate reduction in more than two decades.
    Full story
  • Making State Tax Legislation Isn’t Always Pretty

    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.
    Full story
  • With Spotlight on Pennsylvania, Know Your Candidates: A Primary Guide

    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.
    Full story
  • Tax Rules on Rentals: A Look at the Pa. DOR’s Equipment Rental SUT Bulletin

    Sales and Use Tax Bulletin 2021-05 covers the taxation of equipment rental and equipment rental with operators. The bulletin restates the presumption that when a vendor provides the use of equipment with an operator, the transaction is a rental of equipment. As such, the charge is subject to Pennsylvania sales and use tax. This is very important to vendors of equipment rentals and services involving the use of equipment who should review their contracts to verify that the sales and use tax treatment is consistent with Pennsylvania regulations.
    Full story
  • PICPA Advances Pass-Through Entity Tax Reform Initiative

    With both the political and economic environments seemingly ripe for such a discussion, the Pennsylvania General Assembly appears poised to address a variety of tax law changes. One that could appear on the legislative agenda is PICPA’s effort to address the growing inequity in state and local taxation via an elective pass-through entity tax.
    Full story
  • “Spear Phishing” Attacks on Tax Practitioners Rise: IRS Offers Help

    Recent spear phishing emails are masquerading as messages from the IRS tax return preparation software. To help practitioners identify and address spear phishing threats, the IRS Stakeholder Liaison is conducting two briefings the week of March 28 to show tax professionals what some of the most recent scam emails look like.
    Full story
  • Keystone Saves Plan Offers Broad-Based Retirement Savings throughout Pa.

    Approximately 44% of Pennsylvanians (about 2.1 million residents) have no access to an employer-sponsored retirement plan. Legislation now in the Pennsylvania House Commerce Committee would establish the Keystone Saves Program. Through the program, the state would embark on an auto-enrollment payroll deduction IRA.
    Full story
  • Low Profile, High Impact: Electing Pa. Judges More Vital Than You Think

    This Nov. 2, Pennsylvania voters will go to the polls to elect several judges. It’s no secret that these municipal election years tend to lack the luster of other years, but don’t fall into that sense of complacency. The decisions made during these elections will have resounding public policy impacts for years to come.
    Full story
  • Collaboration Key to Pa. and N.J. Cross-State Tax Matters

    The PICPA State Tax Steering Committee and their colleagues at the New Jersey Society of Certified Public Accountants recently met to tighten the connections between the two organizations and to work collaboratively to uncover and resolve potential cross-state tax issues.
    Full story
  • Pa. Budget Passes General Assembly with Relative Ease

    This year, we experienced a political unicorn in Harrisburg. Not only were the 2021-2022 state budget negotiations relatively painless, but also everything was voted on in an expedient fashion and the budget was wrapped well before the start of the new fiscal year on July 1. Adding to the overall ease of the process – and probably another political unicorn – was the state’s revenue surplus and unused funds received from the federal government for COVID relief.
    Full story
  • 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.
    Full story
  • 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.
    Full story
PICPA Staff Contributors
Follow @PaCPAs on Twitter