The American tax code is extremely complicated. Many attempts have been made over the years to find a simpler method, but our economy is so large and so complex, that every attempt to simplify seemed to cause hardship for some tax paying group, and additional deductions, exemptions, or tax... Continue Reading
About half of Pennsylvania’s accountants are CPAs, or Certified Public Accountants. CPA is a more advanced certification, requiring additional education, examination, and experience. While CPAs can perform any of the accounting functions that an accountant can perform, there are certain services tha Continue Reading
Accountants in PA and throughout the United States are often targeted by hackers for the sensitive client data they possess. Data protection and cybersecurity are not optional. A data breach can not only harm your clients, it can harm your reputation and cost you financially through lawsuits, loss... Continue Reading
Artificial intelligence (AI) is being explored for the ways it can support accountants and CPAs in providing services for their clients. However, AI is also being used by individuals and businesses, who might then mistakenly think they don’t need an accountant. Pennsylvania’s financial professionals Continue Reading
Tax accountants who prepare federal tax returns have been required since 2010 to submit most returns electronically, including those completed for individuals, trusts, and estates. At PSTAP, we encourage PA accountants, CPAs, and tax preparers to use all the online opportunities the IRS offers in... Continue Reading
While individuals with high incomes can be found throughout PA, tax accountants practicing around Pennsylvania’s major cities—Philadelphia, Pittsburg, and Harrisburg—are likely to have some high-income clients. These regions, especially in the southeast, have per-capita incomes... Continue Reading
Pennsylvania has one of the oldest populations among the states; as of 2020, PA ranked number 9 in the nation, with 19.1% of its population over 65. Given these statistics, it is important for every CPA or accountant in Pennsylvania to be familiar with key issues regarding elder care and estate... Continue Reading
Pennsylvania is friendly to small businesses and entrepreneurs. These entrepreneurs need accountants to help them navigate their financial records and avoid financial mistakes that can doom their companies. As an accounting, tax, and financial expert, you are in the position to educate your... Continue Reading
As an accountant in Pennsylvania, you have expertise that most people do not have. Your knowledge of finances, taxes, financial reports, and federal and Pennsylvania tax law makes you a critically important partner for your clients’ financial success, whether they are businesses or... Continue Reading
As a Pennsylvania tax accountant, you are the financial expert to whom your clients turn in times of need, including at the death of a spouse. When one of your married clients dies, the surviving spouse will have to deal with changes in both federal and PA taxes that will be difficult to face... Continue Reading
As an accountant here in PA, you probably receive many questions from clients about IRS forms. IRS forms and designations can be confusing to your clients. Give them a quick review so they understand what the different forms or terms mean. Common tax forms 1040: The 1040 is the most typical... Continue Reading
In the age of identity theft and computer hacking, your clients need the peace of mind that you will keep their sensitive information safe. You also need security policies and procedures in place in order to ensure that you are in compliance with the many state and federal laws, such as... Continue Reading
