The Pennsylvania budget is one of several issues that state lawmakers are working on, but it is the one that can easily suck the air out of the capitol and bring all other legislative plans to a grinding halt. Here is an update on some of the issues the PICPA and its government relations team in Harrisburg are working on.

As you renew your PICPA membership this year, you’ll notice a check-off option to contribute to the CPA-PAC. The CPA-PAC is the driving force behind PICPA’s advocacy efforts.

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.

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.

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.