CPA Now Blog Archive

In South Dakota v. Wayfair Inc., the U.S. Supreme Court overruled the physical presence requirement for the collection of state sales tax. Some states will have to remove limiting language from their tax statutes before they can reach remote sellers. Pennsylvania, arguably, already has a sales tax statute that reaches them.

Speed and market volatility are big issues currently being addressed in the world of cryptocurrency, such as bitcoin. While there are still many unanswered questions, it behooves modern businesses to identify how and if virtual currency has a place in the business model.

When is football not just football? When a once-in-a-lifetime win inspires comparisons between winning business principles and winning championships.

In 2012, the Financial Accounting Foundation supported the AICPA’s effort to provide expanded guidance on OCBOA for smaller private businesses. The result was the Financial Reporting Framework for Small and Medium-Sized Entities (FRF for SMEs), which was released in June 2013. Five years later, has FRF for SMEs had any impact?

The millennial generation brings a great number of strengths to the accounting workplace, not the least of which are expertise in technology and the energy and enthusiasm they bring to their jobs. However, according to Adanma C. Akujieze, CPA, one area where millennials could use some development is business acumen.

The Accounting Consortium is a group of schools and recruiters from Western Pennsylvania who come together to facilitate a joint interview day for more than 100 students. The group routinely discusses trends and issues in the profession, and this year there was a lot of talk about what makes a candidate stand out. Find out their thoughts.

CPAs had barely digested the Tax Cuts and Jobs Act enacted last December, when, on July 24, 2018, U.S. House Republicans unveiled Tax Reform 2.0.

If you’re running a young business and have finally started to record some profits, congratulations. You now have to start paying estimated quarterly income taxes. Here's what you need to know.

Whether you are just starting your career, transitioning to a new role, or a seasoned professional looking for a way to give back to the profession, mentoring is a great opportunity to cultivate a rewarding professional relationship. That's why the PICPA has introduced Mentor Match.

The Tax Cuts and Jobs Act has had an effect on many aspects of accounting. Here, Jeffrey D. Gilmore of Allegheny Performance Plastics provides his insight on the impact the new tax law is having on manufacturing.

For chief financial officers, assuming new roles outside of the finance function is increasing in importance. They are learning to roll with the punches as a host of new technologies come online.

While the pace of legislative activity may have slowed in Pennsylvania this summer, the PICPA government relations team continues to plow ahead on a couple critical issues that we want to get on the General Assembly’s fall calendar.

The IRS announced on March 23, 2018, that it will close the 2014 Offshore Voluntary Disclosure Program effective Sept. 28, 2018. To make sure you are not inadvertently at risk for substantial fines and penalties, you must first understand what a foreign financial account is.

It is widely believed that financial technology is going to do to banks and brokerage firms what Amazon did to retailers. With the ever-increasing interest in using financial technology platforms as an alternative to conventional banking, the need for effective oversight over these products has never been greater.

New Pennsylvania 1099 nonresident withholding rules went into effect Jan. 1, 2018, with penalties for noncompliance beginning July 1, 2018. New forms and information became available as the deadline neared.

Ever since the U.S. Supreme Court issued its decision in South Dakota v. Wayfair, opinions and analysis have focused on how states will react to the ruling. But how will businesses react to the decision?

The “bunching” of charitable contributions enables taxpayers to itemize and receive tax benefits for their donations in specific years, while claiming the standard deduction in others. Bunching through the use of a donor-advised fund preserves the up-front tax deduction, and also ensures the charity receives an annual contribution.

Today’s professionals have an expectation that they should be able to speak their mind and get feedback. Hear from a panel of CPA society members about their ideas for getting ideas heard.

Your firm’s website is still super important to the practice’s digital footprint. But it’s no longer enough to have a great website; now you need to have a really good social media strategy as well.

One of the last things a couple considers when planning a wedding is what their income tax returns will look like when they file the next year. Given the changes under the Tax Cuts and Jobs Act of 2017, it may be more important than ever to discuss the tax results.