Apr 4, 2023, 07:01 AM by Danielle Friedman and Herb Fineburg

Advantages of revocable trusts in estate planning for firms that offer it in their portfolio of financial services.

Apr 4, 2023, 07:01 AM by Michael F. De Stefano, CPA

An overview of the benefits that purchase cards can bring to companies and organizations once corporate finance and accounting leaders complete the initial setup.

Apr 4, 2023, 07:01 AM by Christina M. Olear, CPA, and Ashley Stampone, CPA

Accounting educators must ensure that cutting-edge growth areas such as environmental, social, and governance (ESG) reporting are included in their curriculums.

Mar 28, 2023, 09:03 AM by Michael F. Cade, CPA, CGMA

CPAs who work with not-for-profit organizations can proactively help them improve their efforts through logical, fact-based decision-making.

Mar 28, 2023, 09:00 AM by David Toth

An effective digital growth strategy can create a compelling value proposition for accounting firms.

Mar 28, 2023, 08:56 AM by Ashley Stampone, CPA, and Amanda Serafin

Recent changes to the Pennsylvania CPA Law, including updates to education requirements, will create new opportunities for those considering the CPA profession.

Mar 28, 2023, 08:54 AM by Michael F. De Stefano, CPA

All CPAs have a career journey story to share that is engaging and that will make a connection with students. Sharing those stories is vital to promoting and growing the profession.

Mar 21, 2023, 07:01 AM by Raymond J. Michaud

Insight into establishing best practices to prepare for unforeseen litigation, stressing the need for practitioners to document all correspondence and exchanges.

Mar 21, 2023, 07:01 AM by Cory Ng, CPA, DBA, CITP

Temple University’s efforts to both bolster diversity within the accounting profession and enhance the pipeline by reaching out to eager high school students.

Mar 21, 2023, 07:00 AM by Andrew M. Bernard Jr., CPA

New foreign tax credit regulations may provide some relief by creating a safe harbor that relaxes the cost-recovery requirement. A single-country exception was also added for royalties, permitting taxpayers to structure or amend their royalty agreements so foreign taxes withheld on royalty payments may qualify as a creditable foreign income tax.

Mar 21, 2023, 07:00 AM by Nicole K. Cradic, CPA

A high-level overview of Statement on Quality Management Standards (SQMS) No. 1, A Firm’s System of Quality Management, and offers suggestions for the implementation of the standards.

Mar 14, 2023, 17:06 PM by PICPA Government Relations

The last-minute passage of amendments to the Pennsylvania CPA Law, capping a very successful advocacy effort in 2022.

Mar 14, 2023, 16:43 PM by Ibi Balog, CPA, CGMA

Ibi Balog, CPA, CGMA, explains how the accounting profession is beginning to better understand neurodiversity and the contributions it brings to the working world.

Mar 14, 2023, 16:41 PM by Drew VandenBrul, CPA

Drew VandenBrul, CPA, explores some of the areas where Pennsylvania income tax policy remains an outlier among other states and the possible adjustments needed to better align personal and corporate net income taxes.

Mar 14, 2023, 16:38 PM by Anna J. Johnson-Snyder, CPA, CFE

Anna J. Johnson-Snyder, CPA, CFE, shares her research on quiet quitting and discusses how leaders and managers can combat this troubling work phenomenon and improve engagement and retention among younger employees.

Mar 12, 2023, 09:36 AM by Matthew D. Melinson, CPA, Vito A. Cosmo Jr., CPA, CGMA, and Patrick K. Skeehan, JD

A career in state and local tax can be challenging but also rewarding. With 50 states, the District of Columbia, and thousands of localities, there are numerous types of state and local taxes, including income, nonincome-based entity taxes (gross receipts, franchise), sales and use, real and personal property, excise, transfer, and many other industry-specific taxes. Pennsylvania alone has about 34 state-level taxes.

Dec 20, 2022, 07:00 AM by Matthew Schiavone, CPA, CISSP, CISA

Third-party risk management – or the minimization of risks introduced by third-party organizations – is a critical component of all cybersecurity programs. CPAs are service providers, and many of your clients are service providers, so you may be familiar with requests to fulfill a third-party risk management program.

Dec 20, 2022, 07:00 AM by Alex Fabian

The $430 billion Inflation Reduction Act of 2022 appropriates about $80 billion over the next decade for IRS activities, including the hiring and training of new auditors, technology systems modernization, and taxpayer services.

Dec 20, 2022, 07:00 AM by Jonathan Forman and Michael Wilshere, JD

When considering a merger or acquisition, tax attributes are often not a due diligence priority. Incorrect assumptions are often made about the value and utility of these attributes. An acquiring company can be surprised to find out it cannot use any of the target’s R&D tax credits following the acquisition.

Dec 20, 2022, 07:00 AM by Irene M. Walton

Tax season is quickly approaching, and CPAs are actively preparing to meet the impending needs of their clients. This also is a time when CPAs should be especially diligent in reducing their liability risks.