CPA Now Blog Archive

Accountants play a crucial role in identifying, preventing, and mitigating the impact of fraudulent activity. This discussion delves into the nature of occupational fraud, specifically asset misappropriation.

The future of the profession is here! The Pennsylvania CPA Foundation is excited to reveal our new look. Even with this fresh start, our mission remains more important than ever.

A strong connection between your firm and the surrounding community can bring a multitude of benefits. Understanding your community, your role within it, and how to best connect with its members are the core pieces to implementing effective community relations.

This blog is part of a series designed to serve as a foundational guide for CPAs who are new to the nonprofit space, enabling them to navigate the sector and gradually deepen their knowledge. This post is on governance and board oversight, the cornerstone of a thriving nonprofit organization.

The PICPA is dedicated to helping accounting professionals get their jobs done efficiently by connecting them with best-in-class business partners. Over the next few months, CPA Now will highlight some of PICPA's new partners and show you how you can take advantage of the full breadth of your membership opportunities.

Explore the challenges of professional writers to identify and apply their lessons to our work in accounting. This may seem odd, but contrary to public opinion, accountants are, in fact, creative. And the solutions other creatives rely on can be helpful for us too.

Personal branding plays a pivotal role in shaping and supporting the organization's strategic goals and objectives. It highlights what makes you unique and, ultimately, what sets your firm apart from others.

When we set goals, many of us do not push far enough to build the right plan to help us achieve our goals. Find out how to amplify your goals by identifying and focusing on the steps needed to hit them.

CPAs are no strangers to high expectations and rigorous demands. Yet, despite our qualifications and achievements, sometimes we feel like an imposter in our own career. Find out how to combat imposter syndrome when it rears its ugly head.

Pennsylvania's 2024-2025 budget agreement presents a mixed bag for taxpayers. While it includes a few positive tax changes, it falls short of delivering broader, more comprehensive improvements to the state’s tax system. A missed opportunity.

The mission of the Pennsylvania CPA Foundation is to inspire and support future CPAs as they embark on their professional journeys. This blog offers a peek into what the Foundation has been working on and the successes that we've been building.

More than $200,000 worth of scholarships and financial support were provided to 135 recipients.

In its recently published Insights white paper, the PICPA interviewed five technology and accounting experts about why technology is not leveraged more as a growth driver of efficiency, quality, risk management, and client retention. More importantly, the new research addresses key technological challenges and offers advice on how to overcome these challenges.

This blog is part of a series designed to serve as a foundational guide for CPAs who are new to the nonprofit space, enabling them to navigate the sector and gradually deepen their knowledge. This post on state regulatory compliance examines the key filing requirements necessary for managing state-level obligations for nonprofits.

The PICPA regularly formulates responses to proposed regulatory and professional standards on your behalf. This blog highlights several that the PICPA sent in during a very active spring among various standards boards.

Since our country is a federation of independent states, that means we have 50 different state-level taxing statutes, regulations, rules, and policies. Even when several state tax laws are substantially similar, there are always nuances that must be considered in complying with each one's tax laws. It can be a bit chaotic. This blog addresses several areas of state taxation where uniformity is desirable.

When it comes to partnerships, there is relative flexibility in contributing and distributing property without incurring tax. But there are limits to that flexibility, and this blog looks at a few property contribution situations that can result in an unexpected tax liability.

The demand for multifamily properties remains strong, reinforcing its reputation as a “safe” investment. Often overlooked, though, are the significant tax benefits. Tax strategies include accelerated depreciation, which can be used to offset a portion of predictable rental income. Cost segregation is the vehicle for these tax savings.

The journey toward CPA licensure recently underwent a significant transformation, reflecting shifts in the accounting industry and educational landscape. This blog looks at updates to the CPA Exam and some of the profession’s initiatives aimed at strengthening the pipeline of future CPAs.

If you work in the finance department of a manufacturing facility, or you advise someone who does, you need to know how to access R&D tax credits. Manufacturers claim the lion’s share of R&D tax credits annually, and you don't want to miss out on this opportunity.