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Accounting & Auditing

  • Revenue Recognition Revisited for School Districts

    GASB Statement No. 33, Accounting and Financial Reporting for Nonexchange Transaction, was issued roughly 20 years ago, but it is still a relevant topic. Recent delays in subsidy payments and the rental subsidy moratorium have added an extra level of complexity to revenue transactions.
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  • The New Credit Loss Standard and the CECL Model

    After almost a decade of study, the Financial Accounting Standards Board (FASB) released an accounting standard on the credit losses on financial instruments. In rethinking how credit losses should be recognized and measured, however, FASB created a standard that affects the accounting for a wide variety of financial instruments and a wide variety of entities.
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Ethics


Leadership

  • PICPA’s Mother’s Day Gift

    The PICPA Women’s Leadership Conference is charged with positive energy and support. There’s a type of “sisterhood” that you get when the speakers place an emphasis on how current issues uniquely affect women. Attendance is a gift ... a Mother's Day gift, in fact.
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  • CPA Turns Crusader for Clear Communication

    Having a difficult conversation ranks among the top fears for CPAs and other professionals. People want to ignore, or put off, the things they fear the most, but that is something CPAs cannot do.
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Practice Management

  • Tax Season Recap – One Firm’s Perspective

    Do you remember how some folks were saying the 2017 tax season was going to be the smoothest in recent memory? That's not really how things played out, is it? Find out what Ryan Raffensperger learned from his firm's work this year.
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  • Is Your Succession Plan Destined to Succeed?

    Do you have a succession plan in place? If you are a sole proprietor or a local CPA firm, the answer is “no” more often than not. Less than 10 percent of sole proprietors have a practice continuation agreement in place. You can fix that.
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Technology

  • Tech Service Providers May Be in Line for Pa. Tax

    A recent Pennsylvania Private Letter Ruling included a concerning portion. It appeared that taxable support activity was being construed to involve any service involving tangible personal property, which in practical terms would now tax any computer support service.
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  • Don’t Be Held Hostage by Ransomware

    When a criminal gains access to a computer system, encrypts all the electronic files, makes them unusable, and then demands payment, that criminal likely used ransomware on your system. The FBI discourages submission, and your insurance may not cover a ransomware payment.
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Tax

  • Tax Season Recap – One Firm’s Perspective

    Do you remember how some folks were saying the 2017 tax season was going to be the smoothest in recent memory? That's not really how things played out, is it? Find out what Ryan Raffensperger learned from his firm's work this year.
    Full story
  • Marshawn Lynch and the Tax Deductibility of Fines

    One of the most common questions an accountant receives is whether or not an expense is deductible. There are no cut-and-dried answers, as the taxpayer needs to make the determination as to whether the costs incurred were common, accepted (ordinary), essential, and appropriate (necessary). But fines on a football player?
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