CPA Now

Legislative

  • An Update on the Pennsylvania Budget and New 1099 Rules

    It's that time of year again: budget season. The budget, though, is not the only big issue for the PICPA right now. There are also new 1099-MISC rules that businesses and CPAs have been wrestling with.
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  • Revised Financial Reporting Requirements for Charitable Organizations Now Law

    Gov. Tom Wolf recently signed into law Acts 71 and 72, much needed changes to the Solicitation of Funds for Charitable Purposes Act that have been championed by the PICPA.
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  • Big Tax Issue Awaits State Lawmakers

    On Dec. 22, 2017, the Pennsylvania Department of Revenue issued Corporation Tax Bulletin 2017-02 concerning the disallowance and recovery of 100 percent depreciation under the Internal Revenue Code, a measure related to the Tax Cuts and Jobs Act of 2017. With the latest bulletin, the DOR changed its policy regarding 100 percent bonus depreciation.
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  • PICPA Advocacy Year in Review

    As we begin 2018, it’s worth looking back on PICPA’s advocacy efforts in 2017. We made many strides in shaping public policy in Pennsylvania in 2017, and we are looking forward to building upon our success.
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  • Pennsylvania Pension Reform, Budget, and More

    June has been busy for Pennsylvania legislators. Major pension reform legislation was passed by 183 bipartisan members of the General Assembly and signed by Gov. Tom Wolf. In addition, Pennsylvania's 2017-2018 budget deadline looms, and negotiations are heating up.
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  • PICPA Joins New Legal Reform Group

    Earlier this year, a diverse group of individuals and organizations, including the PICPA, created a new civil-justice-focused advocacy organization: The Pennsylvania Coalition for Civil Justice Reform.
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  • Pa. Budget Hearings Complete: What Did We Learn?

    The appropriations committees of the Pennsylvania House and Senate hold state budget hearings to provide lawmakers and the public with some sense of how taxpayer dollars will be spent. After three long weeks of hearings that concluded last week, what did we learn about Gov. Tom Wolf’s proposed budget for fiscal year 2017?
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  • PICPA Members Talk Tax Reform and More with U.S. Sen. Bob Casey

    When U.S. Sen. Bob Casey (D) came back to Pennsylvania during the February recess, he wanted to talk to CPAs about the accounting industry and the business climate. On Feb. 24 he sat down with seven PICPA members to talk tax reform, IRS funding, and more.
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  • 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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  • The Show Must Go On: A Preview of the 2017-2018 Legislative Session

    On Jan. 3, 2017, the 201st session of the Pennsylvania General Assembly got under way, beginning what we fully expect to be a challenging and contentious 2017-2018 legislative session.
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  • PICPA’s Year of Advocacy

    The PICPA government relations team and its key standing committees played a vital role in shaping the debate on tax and related policy initiatives in Pennsylvania throughout 2016. Take a peek back to see what made 2016 one for the books.
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  • Federal Election Results Point Toward Tax Reform

    With speculation being rampant over what policies a Republican-dominated Washington will bring, there is one issue close to the profession that has a good chance to move forward next year: tax reform.
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  • Local Taxation Can Be Confusing – Even to the Governor

    Pennsylvania House Bill 245 was an extremely important piece of legislation as it protected taxpayers from being double-taxed. The bipartisan bill garnered “yes” support from more than 75 percent of the Senate and the House. But Gov. Tom Wolf unceremoniously vetoed the bill. How could this happen?
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  • Make the Most of the 2016 Election

    The U.S. presidential election has been the centerpiece of the fall political calendar, but it is important for voters to understand that some of the most impactful work will happen in the chambers of the state legislature and the offices of state and local officials.
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  • PICPA-Sponsored Changes to CPA Law Pass State Legislature

    PICPA’s proposed changes to the Pennsylvania CPA Statute cleared its final hurdle and was unanimously approved by the state House.
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  • Pa. Lawmakers Return as Summer Recess Ends

    For the PICPA government relations team in Harrisburg, we know fall is here when state lawmakers come back in session following their summer recess. The first rule in politics is to do no harm (or as little as possible) in the course of the legislative process leading up to an election. The exception to this rule may be in state pension reform.
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  • PICPA Continues Efforts to Ease Burden of DOL Overtime Rule

    The PICPA is working at both the federal and state levels to soften the blow of the U.S. Department of Labor’s (DOL) overtime rule that will take effect later this year. Find out where we are working for you.
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  • New Faces Needed at Day on the Hill

    For certified public accountants, it is crucial that we make sure our voice is heard in the political process. It is important that our profession helps to influence these decisions to make sure the best policies are being implemented.
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  • New Overtime Rule: A Blow to Business, A Blow to CPAs

    Businesses nationwide are reviewing the new overtime-pay rule. In Pennsylvania, CPA firms and their clients are expressing concern. The rule may be well-intentioned, but it is likely to have unintended consequences. Many employers believe the rule will force them to cap workers’ hours, slow the hiring of full-time employees, and shift salaried workers to hourly schedules.
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  • Patent Trolling: What It Is and Why It Is Important to CPAs

    Patent assertion entities, commonly referred to as “patent trolls,” attempt to enforce patent rights against accused infringers far beyond a patent's actual value. It's an issue the negatively affects many small businesses.
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