CPA Now Blog Archive

It's that time of year again: budget season. The budget, though, is not the only big issue for the PICPA right now. There are also new 1099-MISC rules that businesses and CPAs have been wrestling with.

Gov. Tom Wolf recently signed into law Acts 71 and 72, much needed changes to the Solicitation of Funds for Charitable Purposes Act that have been championed by the PICPA.

When was the last time you talked with a CPA about taxes? If it’s been a while, here are the top tax-filing tips that CPAs wants you to know.

As a part of its Enhancing Audit Quality Initiative, the AICPA has identified inconsistencies across the administering entities in the program that have impacted the quality of peer reviews. To address audit quality issues, the AICPA Peer Review Board issued several concept papers on how peer review will be administered in the future.

If you have a minor disciplinary note on your CPA license record, you may be able to expunge that infraction in the very near future.

An effective compliance program requires an effective whistleblower policy. And an effective whistleblower policy involves incentivizing people to report illegal or risky behavior.

Successfully transitioning a CPA firm is predominantly about leadership skills and control. That’s why busy season—a time when resources are pushed to their limits—is the perfect time to determine whether or not you have the right team to perpetuate your practice.

The Tax Cuts and Jobs Act passed in December 2017 included many provisions that will make the tax code simpler. However, certain provisions regarding pass-through entities are not as simple as you may have heard.

On Dec. 22, 2017, the Pennsylvania Department of Revenue issued Corporation Tax Bulletin 2017-02 concerning the disallowance and recovery of 100 percent depreciation under the Internal Revenue Code, a measure related to the Tax Cuts and Jobs Act of 2017. With the latest bulletin, the DOR changed its policy regarding 100 percent bonus depreciation.

PICPA goals include providing consumers with valuable resources for both current and future tax issues and positioning CPAs as the most reliable resource for tax issues. To maintain our resources throughout tax season, we hope to increase our CPA Voice members.

Mentoring is generally seen as a more experienced person guiding a less experienced or less knowledgeable person. It has been accepted as a one-way street: wisdom flowing down from the senior mentor to the mentee. That’s really not how it should be.

New software and tools will be added to the CPA Exam experience in April 2018.

When it comes to a diversity strategy, the focus is often on hiring more minority candidates. However, there is another, just as important, flip side of the coin: inclusion.

It can be difficult and time-consuming to find mobile apps that are savvy enough to increase your business’s productivity. Here is a list of eight noteworthy considerations.

As we begin 2018, it’s worth looking back on PICPA’s advocacy efforts in 2017. We made many strides in shaping public policy in Pennsylvania in 2017, and we are looking forward to building upon our success.

U.S. Deputy Attorney General Rod Rosenstein announced a revised corporate enforcement policy of the Foreign Corrupt Practices Act that increases the incentives to self-report and emphasizes the importance of effective compliance programs.

This is the second of two blogs focused on the fraud threats that small businesses face every day. This post discusses the most pervasive external activities that can cause harm to the small-business owner.

A new tax reduction bill was signed into law on Dec. 22, 2017. Here is a quick overview of some of the details.

Small businesses are more vulnerable to fraud attacks than most larger organizations. Attacks and scams typically come from three specific sources: employees and other internal-access threats, outside invasions, collusion between the internal and the external. This blog focuses on the internal threats.

In May 2017, an EY team of 10 representing all of the firm’s functional service lines boarded a steamboat in the Peruvian Amazon. This was all part of the Earthwatch Ambassadors program, an effort that demonstrates EY’s commitment to supporting entrepreneurs and minimizing environmental impact.