CPA Now Blog

  • Drive Real-Time, Actionable Insight through Your Accounting ERP System

    Nov 22, 2022
    With so many options available in the enterprise resource planning (ERP) software market it can be difficult to pick the solution that best meets your reporting needs and ensures your data is complete and clean. And capturing as much data in the best possible way is key to informed, real-time, actionable insights.
    Full story
  • The Demographic Squeeze Has Arrived in Pennsylvania

    Nov 21, 2022
    Pennsylvania’s Independent Fiscal Office recently published an updated demographics forecast for the state through 2030. The latest data show that state's labor force participation rates remain well below prepandemic rates.
    Full story
  • PICPA Government Relations’ General Election Recap

    Nov 15, 2022
    An unsettled economic environment during a midterm election has historically been a recipe for disaster for the party in power. Not this year! Get a recap of 2022's surprising election results from PICPA's government relations team.
    Full story
  • Triple Win: Firm Ambassadors Benefit Members, Their Firms, and the PICPA

    Nov 14, 2022
    The PICPA Firm Ambassador program launched in 2020 to provide our members with opportunities to foster connections between young CPAs, their professional networks, and the PICPA. We are excited to work with a new class of ambassadors and continue this partnership with young leaders at Pennsylvania firms.
    Full story
  • Inflation Reduction Act Increases Payroll Tax Offset for Start-Ups

    Nov 8, 2022
    To help combat the ubiquitous cash flow issues among start-ups, the Inflation Reduction Act of 2022 doubles the amount of federal research and development (R&D) credits a qualified start-up company can use to offset its payroll tax. Qualified new companies may offset up to $500,000 of the employer portion of the Social Security tax and the Medicare payroll tax liability.
    Full story
  • Monumental Changes for CPAs Arise from Pa. Legislature’s Late Session Action

    Nov 7, 2022
    The PICPA government relations team has been working on major legislative changes to Pennsylvania’s CPA Law for years. On Nov. 3, Gov. Tom Wolf signed the legislation, making vital updates to the law that governs the profession and impacts so many functions.
    Full story
  • Points to Consider when Choosing a Cloud Service Provider

    Nov 1, 2022
    Cloud computing has become a necessity for accounting firms to stay agile and competitive. There are many factors an accounting firm must consider before selecting a cloud service provider, and this blog provides several basic points that will help you get started.
    Full story
  • CPA Exam Evolution: Several Pathways for Success

    Oct 31, 2022
    The CPA Exam is being restructured into a new model that accounts for the critical skills required of modern CPAs. The new format deviates from the traditional menu of four established and required subjects. Naturally, test-takers will have a few questions.
    Full story
  • Avoiding the Crunch of a New Pennsylvania Long-Term Care Payroll Tax

    Oct 24, 2022
    To address the crisis of unfunded long-term health care expenses, Pennsylvania House Bill 2779 proposes funding long-term care through an additional payroll tax of 0.58% per $100 of gross wages. It is modeled after a Washington State program that surprised many in that state who were unaware of the mandatory tax and the short amount of time given to opt out. Long-term care is a serious issue that should surprise nobody.
    Full story
  • CPAs: Principal Place of Business Determines Where You Should Hold Your License

    Oct 18, 2022
    With remote work becoming the norm, CPAs should know the nuances of working remotely and the importance of their designated principal place of business (PPB). CPAs must use their best judgement to make the PPB determination, but, in some cases, the PPB selection may not prevent the need for a second license.
    Full story
  • CPA Evolution Changes that Will Impact Your CPA Exam Experience

    Oct 17, 2022
    If you are on your CPA Exam journey and were worried that you would need to pass all four sections of the current exam before the CPA Evolution goes into effect, you can breathe easy. Even though the content is changing, previously passed sections will count under the new model.
    Full story
  • Consider a Chartered Accountant Staffing Solution

    Oct 11, 2022
    A great wave of CPA retirements is underway. Combine this with the fact that the rate of new CPAs joining the profession is falling, and this means a dangerous shortage is looming. Some firms that are facing recruiting difficulties have been advocating for chartered accountants to join the ranks of their staff.
    Full story
  • Manage Your Time to Accelerate Success

    Oct 10, 2022
    Those with strong time management skills tend to have less stress and get more meaningful work accomplished. The key is to focus on what is important to you and how you can realistically prioritize your day.
    Full story
  • 8 Bold Steps to Take Pressure Off Your Next Tax Season

    Oct 4, 2022
    Staffing issues have become more complicated than ever. To survive and thrive, several firms are looking at big, bold solutions to ease the pressures on their practices. Here are several bold steps some are enlisting to relieve pressure and strengthen their practices before the next tax season kicks into gear.
    Full story
  • The Benefits of Joining Professional Organizations

    Oct 3, 2022
    As you advance in your accounting career, establishing your personal brand and building a strong network become increasingly important. Joining professional organizations can be extremely beneficial in helping to accomplish career goals, expand your network, and make good and dependable friends.
    Full story
  • Consider Continuity Interviews to Gauge Employee Satisfaction and Bolster Retention

    Sep 27, 2022
    Keeping your business primed for growth requires strong relationships with your staff. Facilitating successful relationships requires maintenance, and continuity interviews (as opposed to exit interviews) have become a powerful tool in the employee retention process.
    Full story
  • The Inflation Reduction Act of 2022 and the Corporate Alternative Minimum Tax

    Sep 26, 2022
    The new Inflation Reduction Act is a large and complex piece of legislation that contains numerous tax components. This blog takes a deep look at the 15% Corporate Alternate Minimum Tax (CAMT) and several elements that deserve close scrutiny.
    Full story
  • Homes as Investments: Smart Plan or Bad Idea?

    Sep 20, 2022
    Did you ever hear "The best investment I ever made" said by someone referring to their home - or a vacation home in particular? Maybe the person was feeling giddy because of the sale price they received, but was it really a good investment? Often, it was not.
    Full story
  • Sales Tax and the True Object Test

    Sep 19, 2022
    Sales and use tax can be a complicated area of taxation. One of the challenges tax practitioners often confront is determining the taxability of a transaction when the sale includes both a product and a service. This is where the “true object” test comes into play.
    Full story
  • New PICPA Conferences Address Rapid Changes to Workforce, Services

    Sep 16, 2022
    Adapting to change is an integral part of being a CPA, and the PICPA, as your professional organization, is committed to doing no less. In watching the professional landscape and responding with the resources you need to succeed, we are proud to announce two new conferences this fall: the Accounting Workforce Conference and Evolve, a conference focused on services for future-focused firms
    Full story

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.

Stay informed about
PICPA blogs, upcoming events, and more

Subscribe to PICPA communications