CPA Now Blog Archive

There are many decisions small-business owners must face. One of the most impactful is determining the type of entity the business will be. Check out this overview of some of the option.

William Hayes of the PICPA sits down with Cynthia R. Bergvall, CPA, director of Bee Bergvall & Co. in Warrington, Pa., to talk about how CPAs can better communicate with decision makers who may not have mastery over financial details.

During a two-week period from Feb. 19 to March 5 the PICPA conducted a poll asking members working in corporate finance if they planned to change how they invest in their business based on the cut in tax rates contained in the new tax reform law. Here are some of the results.

Deborah A. Schneider, CPA, director of accounting and assurance services at Morris J. Cohen & Co. PC, discusses some of the common errors found by auditors of employee benefit plans.

Have you recently sold any property or stock? If so, you may be responsible for capital gains taxes. Pennsylvania CPAs have fielded numerous questions on capital gains taxes from the public. Here are some of the tips they've shared.

Some PICPA members need to convince their employers each year to allow them to renew their membership, to cover the cost of it, or to provide them with time to get involved in volunteer activities. If you find yourself needing to convince a decision maker that PICPA membership is worth the time and financial investment, here are some helpful talking points.

Most Americans are required to have a basic level of health insurance under the Affordable Care Act (ACA). The ACA penalizes individuals who do not have minimum essential health coverage. The calculation of these penalties can create some confusion among taxpayers.

Taxpayers had been permitted to take a tax deduction for home equity interest on loans or line-of-credit balances up to $100,000. That has changed under the Tax Cuts and Jobs Act of 2017. For the next tax filing season, the deduction is gone. Or is it?

As a result of the Tax Cuts and Jobs Act, you may be enjoying some extra money in your take-home paycheck. But you may want to take a moment to consider the impact of these extra dollars come tax filing time next year.

Employers actively seek highly qualified accounting professionals to fill many critical corporate positions. Here are five tips to help you stand out and get hired.

Many lessons can be learned from the world of sport. Case in point: This past Philadelphia Eagles season has served as a great model for business practices and life. Here are 10 lessons learned from the 2017 Eagles.

In today's do-it-yourself world, there are several options for preparing your own taxes. But how well do you understand tax vocabulary? Do you know how those definitions might differ depending on circumstances? Do you know all the rules and, maybe just as important, the exceptions?

Saving for college can be daunting. As you map out your savings strategy, remember CPAs have the answers to many questions in this area.

Many still-vibrant CPAs begin to contemplate retirement in their mid-50s. So what should a CPA do who wants to remain active in the profession? Consider teaching.

There are a number of provisions in the new law that will lower many individuals’ tax liability for 2018. However, a number of deductions to which we have grown accustomed have gone away. This blog highlights the deductions that will be no longer available or are reduced for 2018 and future years.

Owning a home is one of the single greatest financial resources for many people. In fact, home ownership generates some of the most popular questions for users of PICPA’s Ask a CPA service.

The Tax Cuts and Jobs Act of 2017 has brought sweeping changes to the Tax Code. Several changes have been made to the itemized deductions portion of the code that affect the mortgage interest deduction, so some confusion is understandable.

Businesses may now have some additional Pennsylvania income tax withholding requirements of which you need to be aware. Act 43 of 2017 includes a tax withholding provision that previously did not exist, and it is creating some administrative issues.

The Treasury Inspector General for Tax Administration recently published data on the effect that an executive order on health care had on government receipts and noncompliance.

With the passage of the Tax Cuts and Jobs Act of 2017, a plethora of changes will affect nearly every single taxpayer in some way. CPAs are primed to ensure that they know the correct way to handle your taxes despite new and unexpected challenges.