Pennsylvania CPA Journal

James J. Newhard, CPA, looks at the continued difficulties with implementing the new lease accounting standards, specifically among common-controlled leasing arrangements.

Gov. Josh Shapiro presented his first state budget to a joint session of the Pennsylvania General Assembly on March 7. In his presentation, Shapiro outlined his plans to make Pennsylvania communities safer and healthier, and to create opportunity and build an economy that works for all.

With the advent of Pooled Employer Plans, smaller businesses can join together to offer retirement benefits to employees. Like all plans, PEPs require auditing, but this new offering has a few more quirks than you might expect, explains Carolyn BryNildsen, CPA.

When acquiring an S corporation, there are unique issues to be dealt with surrounding the target’s current status as an S corporation. Meredith Thornton, CPA, MST, Michael Tighe, CPA, MST, and Howard Braithwaite look at how the F reorg. helps put this difficulty aside.

A new information security standard has been released by the International Standards Organization (ISO). Matthew Schiavone, CPA, CISSP, CISA, and Brian Kirk, CPA, CISA, explain what is expected regarding the new standard.

OpenAI’s ChatGPT creation is generating a sensation for its information retrieval and sharing ability. Jacob R. Hough, CFE, explains what that may mean for forensic accountants.

Rick Calabrese Jr., CPA, LLM (Taxation), considers the possibility of a recession and offers tips to help owners grow value, especially if they are planning an exit in the near future.

Kim Brown, CPA, discusses the importance of mindful leadership and its importance to upping your employee retention ability.

Cybersecurity is a new expectation that has been added to a finance professional’s long list of responsibilities. Michael McAllister, CPA, CITP, CISA, shares one way to keep cybersecurity front of mind is to remember these ABCs – accountability, basic controls, and communication.

Howard R. Sklaroff, CPA, takes a close look at the difficulty that arises when applying the Department of Revenue’s standard of federal taxable income before net operating loss and special deductions as a starting point for determining Pennsylvania’s CNIT.

There is a growing movement in business and among investors to embrace environmental, social, and governance (ESG) reporting. As these efforts take hold, John Mertz, Tom Lemon, CPA, and Greg Rineberg, CPA, explain the federal tax ramifications associated with some ESG efforts.

Brian M. Balduzzi reviews the tax planning opportunities that can help clients strategically allocate their remaining generation-skipping transfer exemption prior to a potential sunset.

Change, they say, is a constant. But the constant process of change opens the door for risk. In this column, Wilhelm Dingler offers examples of some areas of heightened change not to be overlooked when thinking through your risk management calculus.

Elizabeth Krisher, CPA, CGFM, PICPA’s 2023-2024 president, presents her vision for the upcoming year, particularly the importance of sharing all the vitally important work CPAs do.