CPA Now Blog

  • Young Professionals: Remember the Importance of Networking

    Jun 1, 2023
    Networking is vital. It exposes young professionals to diverse perspectives, experiences, and expertise. Elijah Goosby shares his experience at the PICPA 126th Annual Meeting, and wishes you were there.
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  • The Pennsylvania CPA-PAC Allows CPAs to Drive Their Own Destiny

    May 30, 2023
    The PICPA has a political action committee to serve the unique interests of CPAs in Pennsylvania’s political process. A dedicated PAC might come as a surprise to many PICPA members, but it’s true.
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  • IRS Additional Funding: What’s that Mean for CPAs?

    May 23, 2023
    Earlier this spring, the IRS unveiled its much-anticipated plan on how it will spend the $80 billion it was allocated under the Inflation Reduction Act of 2022. Find out more about its goals and timetables covering areas such as operations support, enforcement, taxpayer services, and technology modernization.
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  • Can Accounting Firms Benefit from Influencer Marketing?

    May 22, 2023
    Online influencer marketing. Believe it or not, accounting firms can succeed with similar efforts. There is, however, a lot to consider first.
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  • PICPA Small Firm Alliance Offers Tools to Help Build Your Success

    May 17, 2023
    PICPA’s Small Firm Alliance provides small firms and sole practitioners with the support features that can be hard to come by in firms of their size. This blog shares some of the benefits to which Small Firm Alliance members have access.
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  • The Extended and Expanded Energy-Efficient Tax Incentives of the Inflation Reduction Act

    May 15, 2023
    As we approach the Aug. 16 anniversary of the passage of the Inflation Reduction Act of 2022, now is a good time for a reminder of its impact on federal energy-efficiency tax incentives. This blog summarizes the major changes the act made to the EPAct Section 179D deduction and Section 45L credit.
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  • The Dos and Don’ts of Client Disengagement

    May 12, 2023
    As you reflect on the busy season you just traversed, if you are like many CPAs you may be identifying the stressors in your life, maybe even identifying specific issues or clients you wish were no longer along for the ride. Now is the time to make a clean break and dismiss a select set of troublesome clients. 
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  • Tax Adjustments Made Now Maximize 2023 Benefits

    May 10, 2023
    As we take a deep breath following tax filing day for individuals, don’t stop your clients’ tax work now. This is a really good time to think about how to help our clients prepare for next year’s tax return.
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  • Every Election Is Important: Pa. Primary Just Around the Corner

    May 8, 2023
    Pennsylvania holds its primary elections on Tuesday, May 16. Many think that municipal elections are mundane, but, in many respects, they are as important as the more high-profile elections.
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  • State and Local Tax Burden: Pennsylvania Ranks 21st

    May 3, 2023
    In February 2023, the Pennsylvania Independent Fiscal Office (IFO) released its annual report, "State and Local Tax Revenues: A 50 State Comparison." Can you guess where Pennsylvania ranks?
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  • Accounting Firms at a Crossroads: New Research in Pa. Points the Way Forward

    May 2, 2023
    Accounting firms in Pennsylvania are under a lot of pressure, and leaders are concerned about the future of their firms and the profession as a whole. This is why Insights, PICPA’s research function, commissioned a study of Pennsylvania accounting firms to gain a better understanding of how the profession is addressing its challenges.
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  • CPA Input on Tax Policy at the National Level

    May 1, 2023
    Earlier this year, the AICPA Tax Executive Committee sent a letter to Congress that included 61 proposals to adjust the Internal Revenue Code in areas that need attention or to make technical fixes. This is one way that CPAs, in their role as the most trusted professional providers of tax services, can advocate for sound tax policy and effective tax administration.
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  • What’s Really Changing? Technology, Perspective, and the Finance Function

    Apr 25, 2023
    There is a common misconception that technology will fix any business process issue. The reality is that technology, when implemented over poor or broken processes, may exacerbate those issues. Technology should be used to enhance optimized processes, not force companies to operate a particular way.
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  • Get Ready: The CPA Exam Is Changing

    Apr 24, 2023
    The 2024 CPA Exam will feature a brand new format. The overhaul is designed to focus more on the technological aspects of accounting while still testing the knowledge base that newly licensed CPAs are expected to know.
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  • Pa. Lawmakers Resume Session to Hammer Out Budget as House Control Test Looms

    Apr 21, 2023
    The Pennsylvania House and Senate appropriations committees have been busy with hearings on Gov. Josh Shapiro’s first budget proposal. During this work, the General Assembly recessed from March through much of April. Both chambers will be back in session on April 24 to begin the give and take of constructing a final budget.
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  • Join Us for PICPA’s 126th Annual Meeting

    Apr 18, 2023
    Clear May 16-18 on your calendar, and plan to come to Pittsburgh for PICPA's 126th Annual Meeting. Catch up with your peers, meet leaders in the profession, and hear from experts on the state of the accounting profession.
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  • Sales Tax Consultancy: A Practice Growth Opportunity

    Apr 17, 2023
    After the U.S. Supreme Court Wayfair decision, more businesses than ever find themselves with a multistate sales tax compliance requirement. Recognizing this client need and your desire to remain the primary adviser for your clients, a sales tax consulting service can be a win-win for both you and your clients.
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  • Stressors on Independent Auditors Will Have Ripple Effect on the Work of Governments and Nonprofits

    Apr 11, 2023
    The age of the "full service" public accounting firm may be drawing to a close. Firms are becoming more strategic in how they use their resources, the types of services they provide, and to whom. The adjustments are hitting auditors in unanticipated ways, and there could be repercussions for governments and nonprofits.
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  • Pitfalls Associated with Troubled Businesses

    Apr 10, 2023
    When business downturns occur, even sophisticated tax practitioners need to quickly reacquaint themselves with issues they may not have confronted recently. Review some highlights of the many potential exposures concerning distressed businesses.
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  • Federal R&D Tax Credit Eligibility

    Apr 4, 2023
    The federal government and several states provide tax incentives to encourage R&D investment through the Credit for Increasing Research Activities, also known as the R&D tax credit. This credit can be used to offset a company’s income tax liability, but it can also be used to offset payroll tax if it meets the eligible qualified small business requirements.
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PICPA Staff Contributors

Disclaimer

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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