CPA Now Blog

  • One Year After IRA Took Effect: Energy Efficiency Deductions for Property Owners

    Jan 15, 2024
    The Inflation Reduction Act was signed into law on Aug. 16, 2022, but several of its provisions only took effect for properties placed in service on or after Jan. 1, 2023. This blog provides a one-year update of what we’ve learned and what we need to learn regarding the act’s changes to the energy efficiency 179D tax deduction and 45L tax credit.
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  • Remote Work: A Choice for Efficiency Then and Now

    Jan 9, 2024
    The idea of working remotely has been around for years. One famous businessman, in fact, put the concept to work in the 1960s. Though some may be longing for the "good old days," remote work has been and will continue to be beneficial.
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  • Where Are All the CPAs? The Crisis and Opportunity of Rebuilding the Accounting Pipeline

    Jan 8, 2024
    In its most recent Insights white paper, the PICPA takes a measured, data-grounded look at the dearth of incoming accounting talent. More importantly, the study offers new perspectives and potential solutions to help rebuild and strengthen the process of growing new accounting talent.
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  • Pennsylvania’s Savings Reach an All-Time High

    Jan 2, 2024
    The Pennsylvania Independent Fiscal Office recently released its annual five-year economic and budget outlook. The Commonwealth will have $13.8 billion in savings that could support future spending or be held as savings to mitigate the impact of any future recessions.
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  • Nurturing Success: Mentoring in a Public Accounting Firm

    Dec 26, 2023
    The importance of mentoring in accounting cannot be overstated. Yes, mentoring plays a pivotal role in shaping the professional growth of employees, but it is also a mutual relationship where both the mentor and mentee benefit.
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  • Digital Products and Services Tax Unclear at Best

    Dec 19, 2023
    Most states with a sales tax impose it on some forms of digital products or software. But within the past decade, some states have enacted statutes that not only redefine software as tangible personal property, but also broaden their definition of taxable tangible personal property or taxable services. This has left service providers and business consumers wondering whether or not they should subject their individual services to tax.
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  • Prioritizing Data through the Lens of a Finance Professional

    Dec 18, 2023
    Deloitte's Sandy Pfeffer shares her thoughts on harnessing the power of data and the firm's recent report, "It’s Time to Get Serious about Data." Pfeffer pointedly asks, are you taking data seriously and enabling your business to make sensible decisions?
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  • Consider an After-Action Review to Assess Your Progress This Year

    Dec 12, 2023
    The 2023 year-end has arrived, and now is the time to create a framework through which you can assess your progress over the past year. To achieve this, consider using an after-action review, a structured evaluation tool the U.S. Army uses in reviewing performance in battlefield exercises.
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  • Tax Preparer Ethics and Client ERC Claims

    Dec 11, 2023
    Many practitioners believe that they can simply accept the validity and appropriateness of a tax client's Employee Retention Credit (ERC) claim prepared by another provider. You may want to reconsider that thought.
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  • Navigating CPA Exam Changes: Extensions and Amnesty for Test-Takers

    Dec 5, 2023
    Effective Jan. 1, 2024, an 18-month extension will be granted for all unexpired sections of the CPA Exam that have been passed by test-takers. This extension provides a crucial lifeline, affording candidates the time and flexibility needed to prepare and excel in the remaining sections without the pressure of expiring credits.
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  • Pa. Office of Taxpayers’ Rights Advocate: How We Can Help CPAs

    Dec 4, 2023
    Some tax professionals and CPAs may not be familiar with Pennsylvania's Office of Taxpayers’ Rights Advocate. This blog shares an overview of the OTRA and the work that it does on behalf of taxpayers and their advisers.
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  • Manage the Stress Points of Problematic Tax Clients and Reduce Your Risk

    Nov 28, 2023
    As tax season approaches, remember that tax-related matters constitute a majority of claims against accounting firms. Addressing and managing the stress points associated with problematic clients can significantly improve a firm’s risk profile.
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  • IRS Offers an Out for False ERC Claims: Now Is the Time for Review

    Nov 27, 2023
    The IRS has repeatedly warned businesses about improper Employee Retention Credit (ERC) filings and the threat of unscrupulous ERC advisers. The IRS announced that it is providing guidance for withdrawing erroneous ERCs so that businesses that were misled about eligibility have a path to remediate improper claims and avoid potential penalties.
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  • Tips on Recruiting in a Tight Labor Market

    Nov 20, 2023
    Recruiting firms find great talent, share new opportunities with them, and broker an employment deal. But not everyone is in a position to use a recruiter. This blog offers tips from a recruiter to help human resources departments and small-business owners navigate the search for a great candidate.
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  • Understanding “Requests for Compromise” at the Pa. Board of Appeals

    Nov 14, 2023
    One important tool that can be of use to CPAs in the appeal of taxes, rebates, or refunds is the Pennsylvania Board of Appeals' Request for Compromise. This blog explains the process and how a Request for Compromise could help you better serve your clients.
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  • Time to Renew Your CPA License

    Nov 13, 2023
    All current Pennsylvania CPA licenses expire Dec. 31, 2023. To ensure enough time for processing, it’s best to submit your renewal before Dec. 31, 2023. Get helpful renewal tips in this blog.
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  • If Contemplating Outsourcing, Consider These Risk Management Tips

    Nov 7, 2023
    When considering outsourcing, due diligence is a critical first step. CPAs are responsible for protecting their clients’ data and need to ensure that any third party has appropriate security protocols and safeguards. This blog discusses some vital risk management considerations when outsourcing.
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  • Avoiding the Medicare Mistakes Often Made by Financial Planners

    Nov 6, 2023
    Even seasoned professionals can stumble when navigating the complex territory of health care planning. This blog equips CPAs with several strategies for avoiding some common Medicare pitfalls.
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  • Foreign Trusts: Income Tax and the Nonresident Noncitizen Grantor

    Oct 31, 2023
    If a nonresident noncitizen (NRNC) funds a foreign trust for the benefit of a U.S. person, the trust will be treated as either a foreign grantor trust or a foreign nongrantor trust for U.S. income tax purposes. The rules are complex. Read this blog to clarify some important points related to these trusts.
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  • Get Your Recruiting Videos Noticed

    Oct 30, 2023
    CPA recruiting is more competitive than ever. The market is tough, and there is no indication that it will be getting any easier soon. Incorporating video into your recruiting efforts may not be a silver bullet, but it sure can make you stand out from the competition when it’s done well.
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PICPA Staff Contributors


Statements of fact and opinion are the authors’ responsibility alone and do not imply an opinion on the part of PICPA officers or members. The information contained in herein does not constitute accounting, legal, or professional advice. For professional advice, please engage or consult a qualified professional.

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