Dec 11, 2023, 11:38 AM by Robert E. Duquette, CPA

Federal spending and the amount of revenue generated by federal taxation do not jibe. They have not for some time, and now the country is dangerously close to unprecedented repercussions from a continuously growing national debt. Robert E. Duquette, CPA, provides a host of data detailing the issue at hand, what’s coming down the pike, and the difficulties standing in our way that we must overcome to solve the problem.

Dec 8, 2023, 10:39 AM by Christine A. Funkhouser, CPA, and Gergana Lipidakova, CPA

With 38% of partner roles held by women, important progress is happening, but there is still a persistent gender gap for women wanting to take on leadership roles in accounting. In this feature Christine A. Funkhouser, CPA, and Gergana Lipidakova, CPA, offer practical tips for women aspiring to leadership positions within the profession.

Dec 4, 2023, 12:31 PM by Michael A. Zaydon, CPA

There are more than 33 million small businesses in the United States, with over half of U.S. business owners above age 55. Michael A. Zaydon, CPA, offers tips to help you or your business-owner clients exit on a high note.

Dec 4, 2023, 12:29 PM by Peter N. Calcara

First-year budget foot-dragging is not unusual in Pennsylvania. In fact, Gov. Josh Shapiro’s immediate predecessor, Tom Wolf, had a first-year budget fight that dragged on for more than 250 days. Shapiro signed a $45.5 billion General Appropriations Act on Aug. 3, but numerous pieces of budget-related code bills remained tied up in the legislature, and the clock keeps ticking.

Dec 4, 2023, 12:27 PM by Julie Verrekia, CPA, and David A. Torrillo, CPA/ABV, CVA

Form 5500 reporting has been changing over the past several years. Julie Verrekia, CPA, and David A. Torrillo, CPA/ABV, CVA, wonder if the latest updates will result in fewer employee benefit plan audits being required.

Dec 4, 2023, 11:50 AM by James J. Newhard, CPA

AICPA’s Professional Ethics Executive Committee (PEEC) and its Code of Professional Conduct directly affect nearly every CPA in the United States. James J. Newhard, CPA, reviews much of the recent work of the PEEC and how it affects the ethics structure underlying the CPA profession.

Nov 30, 2023, 14:34 PM by Christina M. Olear, CPA, and John Peatross, CPA

ChatGPT and generative AI are seemingly all the rage. Christina M. Olear, CPA, and John Peatross, CPA, take a look at the cutting-edge technology and discuss how its use may find its way into accounting.

Sep 25, 2023, 15:53 PM by Khaled Abdel Ghany, CPA, PhD

Reverse factoring, or supplier finance programs, are increasing in state and local governments. Yet, there has been silence on the accounting and financial reporting issues among standard-setters.

Sep 25, 2023, 15:45 PM by Michael Shipman, CPA, EdD

There was a lack of substantive accounting curriculum changes from 2004 to 2014. If the sameness in education continues from 2014 to 2024, the gap will grow wider between what accounting graduates can do and what their employers expect.

Sep 25, 2023, 15:33 PM by Richard Hornby

While not a new option, tax insurance is being looked at by a growing number of small and medium sized businesses to divert some liability exposure.

Sep 19, 2023, 12:41 PM by Heather Demshock, CPA, CMA

Environmental, social, and governance (ESG) reporting is an area the International Ethics Standards Board for Accountants has identified as in need of ethics clarity.

Sep 19, 2023, 12:34 PM by Nicole K. Cradic, CPA

Review SQMS No. 2, Engagement Quality Reviews, one of four quality management standards being analyzed in the A&A column this year.

Sep 19, 2023, 12:25 PM by Matthew D. Melinson, CPA, Samantha To, CPA, and Dan Giorgio, CPA

The timing of producing state tax returns can be both complex and burdensome. Here are some suggestions to help relieve the stress associated with the process.

Sep 11, 2023, 17:39 PM by Amanda S. Marcy, CPA, DBA

Feedback – both positive and negative – is critical to self-awareness and personal and professional growth, especially for emerging CPAs.

Sep 11, 2023, 17:38 PM by Michael De Stefano, CPA

One would think the CFO is a fixture at board meetings of small businesses. This is not always so. Find out why it is vital that they be a regular presence at these board meetings.

Sep 11, 2023, 16:46 PM by Andrew M. Bernard Jr., CPA

Review the changing rules concerning the taxation on the sale of a partnership interest by foreign partners of U.S. businesses.

Sep 11, 2023, 16:07 PM by Ibolya Balog, CPA, CGMA

Information technology is now integral to the provision of client services. So, securing information is a must, even as it becomes more challenging, particularly for small and midsize accounting firms.

Sep 5, 2023, 07:00 AM by J. L. “John” Alarcon, CPA, CGMA, CITP, and Robert Kugel, CFA

The state of cash flow management has changed. This feature looks at the new technology being adopted in this rapidly evolving environment.

Sep 5, 2023, 07:00 AM by Michael Aiello, CPA, Jaime Krug, CPA, and Rikki Williams, CPA

This feature reviews this past spring’s banking crisis and examines the factors that contributed to the near disaster.

Sep 5, 2023, 07:00 AM by Peter N. Calcara

Getting Pennsylvania’s budget to the governor took an unexpected detour this summer. Although the spending plan was approved in both chambers by July 5, it was not signed into law by Gov. Josh Shapiro until Aug. 3, 2023. Find out what happened and what’s included in the fiscal year budget.