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Pennsylvania Institute of CPAs publishes Firm Tech Report

Insightful Accountant

The Pennsylvania Institute of CPAs has published a 29-page CPA firm Tech Report with insightful information on the use of technology and where firms are moving related to tech.

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Pennsylvania Lawmakers Approve $47 Billion Budget, with $1 Billion Increase in Education

CPA Practice

Gillian McGoldrick and Trebor Maitin The Philadelphia Inquirer (TNS) Pennsylvania lawmakers on Thursday approved a $47.6 Pennsylvania is currently sitting on a more than $15 billion surplus, built up by COVID-19 relief funds and higher-than-expected revenues. Pennsylvania is the only state with a divided legislature.

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Pennsylvania Will Recognize Grantor Trusts for Tax Years Beginning After January 1, 2025

Withum

Pennsylvania Senate Bill 815, signed into law on December 14, 2023, amended the Pennsylvania tax code to recognize irrevocable grantor trusts for tax years beginning after January 1, 2025. These transactions will now be disregarded for Pennsylvania income tax purposes as well.

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State CPA Societies in Action: Pennsylvania Institute of CPAs

CPA Practice

Founded in 1897, the Pennsylvania Institute of Certified Public Accountants (PICPA) is the second-oldest CPA organization in the U.S. Top three objectives for the upcoming year Advocate for PICPA members on key legislative actions that would be beneficial for our industry and the greater Pennsylvania economy.

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Biden Pitches Tax Plan in Pennsylvania While Trump Stuck in Court

CPA Practice

Bennett, CQ-Roll Call (TNS) President Joe Biden pitched voters Tuesday in Pennsylvania—a crown jewel among swing states—on his tax record and ideas a day after Donald Trump posted a video on social media attacking the incumbent on that very issue. That means whoever is sworn in on Jan.

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Pennsylvania Institute of Certified Public Accountants Issues 2023 State of Pennsylvania Public Accounting Firms Study

CPA Practice

The Pennsylvania Institute of Certified Public Accountants , the largest CPA association in Pennsylvania with over 20,000 members, has issued its latest Insights report.

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Pennsylvania Data Security Bill Signed Into Law

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In June 2023, Pennsylvania Governor Josh Shapiro signed into law a cybersecurity bill, the Pennsylvania Insurance Data Security Act (the “Act”), that requires insurance licensees (with an exception for certain small businesses) to conduct a risk assessment to identify cybersecurity threats and determine the potential damage that might occur.