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.

Sep 5, 2023, 07:00 AM by Ira S. Rosenbloom, CPA (Inactive)

The accounting world is changing. Are you ready to face this metamorphosis with a different vision of partnership?

Jun 29, 2023, 15:34 PM by Rick Calabrese Jr., CPA, LLM (Taxation)

Rick Calabrese Jr., CPA, LLM (Taxation), considers the possibility of a recession and offers tips to help owners grow value, especially if they are planning an exit in the near future.

Jun 29, 2023, 15:29 PM by Carolyn BryNildsen, CPA

With the advent of Pooled Employer Plans, smaller businesses can join together to offer retirement benefits to employees. Like all plans, PEPs require auditing, but this new offering has a few more quirks than you might expect, explains Carolyn BryNildsen, CPA.

Jun 29, 2023, 14:19 PM by Brian M. Balduzzi, JD, LLM (Taxation), CFP

Brian M. Balduzzi reviews the tax planning opportunities that can help clients strategically allocate their remaining generation-skipping transfer exemption prior to a potential sunset.

Jun 29, 2023, 14:11 PM by Kim Brown, CPA

Kim Brown, CPA, discusses the importance of mindful leadership and its importance to upping your employee retention ability.

Jun 23, 2023, 10:30 AM by Howard R. Sklaroff, CPA

Howard R. Sklaroff, CPA, takes a close look at the difficulty that arises when applying the Department of Revenue’s standard of federal taxable income before net operating loss and special deductions as a starting point for determining Pennsylvania’s CNIT.

Jun 22, 2023, 16:17 PM by Matthew Schiavone, CPA, CISSP, CISA, and Brian Kirk, CPA, CISA

A new information security standard has been released by the International Standards Organization (ISO). Matthew Schiavone, CPA, CISSP, CISA, and Brian Kirk, CPA, CISA, explain what is expected regarding the new standard.

Jun 22, 2023, 15:49 PM by Meredith Thornton, CPA, MST, Michael Tighe, CPA, MST, and Howard Braithwaite, CPA, MST

When acquiring an S corporation, there are unique issues to be dealt with surrounding the target’s current status as an S corporation. Meredith Thornton, CPA, MST, Michael Tighe, CPA, MST, and Howard Braithwaite look at how the F reorg. helps put this difficulty aside.

Jun 22, 2023, 15:33 PM by Jacob R. Hough, CFE

OpenAI’s ChatGPT creation is generating a sensation for its information retrieval and sharing ability. Jacob R. Hough, CFE, explains what that may mean for forensic accountants.

Jun 16, 2023, 10:13 AM by Heather M. Demshock, CPA, CMA, and Robert E. Duquette, CPA

Heather M. Demshock, CPA, CMA, and Robert E. Duquette, CPA, discuss in detail the many changes that can be expected with the revised CPA Exam, which goes into effect in January 2024.

Jun 16, 2023, 07:00 AM by James J. Newhard, CPA

James J. Newhard, CPA, looks at the continued difficulties with implementing the new lease accounting standards, specifically among common-controlled leasing arrangements.

Jun 16, 2023, 07:00 AM by John Mertz, Tom Lemon, CPA, and Greg Rineberg, CPA

There is a growing movement in business and among investors to embrace environmental, social, and governance (ESG) reporting. As these efforts take hold, John Mertz, Tom Lemon, CPA, and Greg Rineberg, CPA, explain the federal tax ramifications associated with some ESG efforts.

Jun 16, 2023, 07:00 AM by Michael McAllister, CPA, CITP, CISA

Cybersecurity is a new expectation that has been added to a finance professional’s long list of responsibilities. Michael McAllister, CPA, CITP, CISA, shares one way to keep cybersecurity front of mind is to remember these ABCs – accountability, basic controls, and communication.

Jun 13, 2023, 16:36 PM by Linette A. Rayeski, DBA, CMA, Paul E. Juras, CPA (Inactive), PhD, CMA, and Ashley Stampone, CPA

With environmental, social, and governance reporting growing in importance, managing these metrics is not always easy. Linette A. Rayeski, DBA, CMA, Paul E. Juras, CPA (Inactive), PhD, CMA, and Ashley Stampone, CPA, explain how the balanced scorecard can be used to make headway in this new kind of tracking.

Jun 13, 2023, 16:36 PM by Wilhelm Dingler

Change, they say, is a constant. But the constant process of change opens the door for risk. In this column, Wilhelm Dingler offers examples of some areas of heightened change not to be overlooked when thinking through your risk management calculus.

Jun 13, 2023, 16:36 PM by David D. Wagaman, CPA, and Jerry Maginnis, CPA

David D. Wagaman, CPA, and Jerry Maginnis, CPA, revisit their 2016 prescient feature on the difficulties within the accounting pipeline and how it has now devolved into a full-blown crisis.

Jun 13, 2023, 16:36 PM by Peter N. Calcara, vice president, PICPA government relations

Gov. Josh Shapiro presented his first state budget to a joint session of the Pennsylvania General Assembly on March 7. In his presentation, Shapiro outlined his plans to make Pennsylvania communities safer and healthier, and to create opportunity and build an economy that works for all.

Jun 13, 2023, 16:31 PM by Elizabeth Krisher, CPA, CGFM

Elizabeth Krisher, CPA, CGFM, PICPA’s 2023-2024 president, presents her vision for the upcoming year, particularly the importance of sharing all the vitally important work CPAs do.

Jun 1, 2023, 10:24 AM by Melissa M. Wolf, CPA

The SECURE Act of 2019 expands opportunities to increase retirement savings and improves portability from one plan to another. The changes are effective as of Dec. 20, 2019, unless otherwise specified.