CPA Now Blog Archive

Filling the profession’s pipeline with bright, motivated, young professionals is of strategic importance to all firms and companies that hire CPAs. The Pennsylvania CPA Foundation's CPA Exam Scholarships play a crucial part in ensuring that talent continues to develop.

A CPA career is multifaceted and opportunities are virtually limitless, yet the public and potential CPAs only see the tip of the iceberg. And that can be a problem. It's hard to get excited about a career as a CPA without being aware of all the varying aspects of the profession.

Medical marijuana sales are on the rise and you may be thinking about taking on clients associated with this industry. Before you do anything, you must understand the industry is complex with many regulations.

The AICPA’s Technical Issues Committee has been warning the FASB and the PCC of the negative impact of ASC 842 to private companies. Perhaps it is time for CPAs to contact the FASB and the PCC to request a permanent deferral. Post-pandemic, private companies should be focusing on strengthening their balance sheets, improving operations and revenue, and creating jobs rather than implementing a costly accounting standard.

The Tax Cuts and Jobs Act added new rules for the taxation of so-called carried interests. On July 31, 2020, the IRS issued proposed regulations on the implementation of the statutory rules. The proposals are likely to have an impact on income tax planning for the receipt of carried interests, transfers of interests, and tax reporting.

The marketing departments at CPA firms have been highly involved in helping raise the profile of accounting during the pandemic. In fact, marketers are making the case that CPAs are needed now more than ever.

Many business owners worry about achieving a comfortable retirement after all the hard work they’ve put into their business. However, too many owners search for opportunities to lower their current tax liability at the expense of their retirement plans. For business owners seeking answers to a difficult retirement dilemma may want to consider Section 412(e)(3) plans.

The Women’s Leadership Conference is always a big day on PICPA's calendar. Numerous members have benefited from the unique opportunity to hear from trailblazers in the profession that this conference provides.

The tax sale process in Pennsylvania is a complicated venture normally; with COVID-19 added stress and uncertainties surround the process. Adapting to the changing tax sale landscape will be necessary since the shake-up will likely be felt for years to come.

Early in the COVID-19 crisis, job seekers may have been able to identify 20 to 30 potential positions within their respective skill set, but as March became April, the opportunities dwindled. Find out how one PICPA member managed the harrowing job market during the height of the pandemic.

When we don't have the answer to a leadership challenge, there's a good chance we may feel inadequate or uncertain and vulnerable. Don't beat yourself up: it's only human to have these feelings. Here are five steps to assist you during times of self-doubt.

Building a pipeline of talent is critical to a firm’s longevity and succession. If you’re looking for ways to support employees in passing the CPA Exam beyond providing study materials, consider CPA coaching as a solution.

Check out this video blog on the current status of the Paycheck Protection Program presented by Arnett Carbis Toothman LLP's Brian Kassalen.

Mergers and acquisitions can be tricky. If you are new to the experience or have had limited exposure to them, you may need a guide to find your way. Here are 10 lessons learned to help you.

FASB issued a deferral for the effective date of ASU 2016-02, Leases Topic 842, and all related amendments, for nonpublic entities, to fiscal years beginning after Dec. 15, 2021. That may seem far enough into the future to put the issue on the back burner, but you must not. Here are some issues you need to address.

Nonresidents of the United States often seek ownership of American-based assets since the United States is an appealing jurisdiction for investment. Understanding the American tax consequences, particularly estate issues, must be part of their investment exploration because the taxes on nonresidents can be stark when compared to U.S. taxpayers.

The root cause of fraud and noncompliance with regulations stems from an organization’s culture. Each organization’s leadership must ensure that the right tone at the top is conveyed and a strong ethical culture is promoted.

If you are still weighing which candidate to vote for this November, this blog by Robert Duquette compares President Donald Trump’s tax plan vision for 2021 and what former Vice President Joseph Biden has proposed.

Data analysis is only as good as the data used. To ensure high-quality analytics, CPAs must first ensure high-quality data. Find out the primary dimensions to consider when evaluating the quality of a data set.

Middle market private equity deals and fundraising activity slowed through the second quarter of 2020 as the pandemic continued to ravage businesses. And there is a troubling sign of what may be an ongoing M&A trend through the rest of the year.