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.

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.

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.

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.

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.