For a business, overpayment to a supplier can cause numerous complications. Not only might it result in damage to the company’s financial standing, it can also result in a time-consuming process to recover the lost funds. To walk us through how a company can ensure that it does not make such problematic mistakes, we met with Phil Beane, senior vice president of global field operations for APEX.

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While the IRS has posted guidance on the postponement of tax-filing and payment deadlines, there are still many more questions to be answered and concerns to be addressed for American taxpayers during the coronavirus pandemic. That’s why the AICPA is calling for additional and “extensive” relief to be offered to those attempting to navigate an unprecedented economic disruption, not only to tax season but also to everyday life. To talk about AICPA’s recommendations, we met with Edward Karl, AICPA’s vice president of taxation.

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In our latest episode, Elliot Dinkin, president and CEO of Cowden Associates in Pittsburgh, joins us to discuss the current state of defined benefit plans, where they stand in the short and long term, and employee benefit plan derisking strategies.

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The Financial Accounting Standards Board is seeking to clarify the reporting of nonfinancial contributions to nonprofits, so it released the first draft of a proposed Accounting Standards Update on the topic. Ahead of the April 10 deadline for comment, we talked with Michael Cade, strategy consultant and executive coach for MFCCoach LLC in Morrisville, Pa., to get his thoughts on the proposed ASU. You can also get more insights from Cade at his blog, Not for Profit – Beyond the Numbers.

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Drug diversion, which is the transfer of a legally prescribed controlled substance from the individual for whom it was prescribed to another person for illicit use, is a national crisis that affects both public health and social and economic welfare. These activities can harm patients, health care professionals, and the organizations that employ them. It’s important for C suite professionals at health care organizations and CPA business advisers to play an active role in formulating a comprehensive risk and internal audit approach for drug diversion and protection. To discuss these issues, we spoke with Janice Ahlstrom and Kim Wylam of Baker Tilly Virchow Krause LLP. For even more details, check out their informative white paper on the issue.

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COVID-19, or coronavirus, is having a major impact on both a national and global scale. We have seen the postponing and cancellation of major sporting and cultural events and even the locking down of entire countries. In this discussion with Pennsylvania state Rep. Frank Ryan, we explore the effect the outbreak is having on Pennsylvania, both on its economy or the health of its citizens. Make sure to check out PICPA’s webpage dedicated to the effects of coronavirus or information on upcoming PICPA events and additional resources.

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The Tax Cuts and Jobs Act of 2017 eliminated many of the common credits and incentives that businesses relied upon to lessen their tax burden, but the research and development tax credit remains. In this episode, Mike Kracjer, CPA, JD, president of Tax Credits Group LLC in Cleveland, discusses the companies that are eligible to claim the R&D credit, the benefits a company could expect to receive, and more.

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In the first of a five-part series on the priorities for CPA firm management, Ira Rosenbloom of Optimum Strategies in Spring House, Pa., joins us to discuss the top five metric categories to keep an eye on to ensure success. Among the factors he covers are achieved rate per hour, gross profit margin, and pipeline management and turnover.

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In a podcast connected to his feature in the spring 2020 Pennsylvania CPA Journal, James J. Caruso, CPA, CGMA, discusses the finance team of the future and how leaders will have to evolve into ensure long-term success. He points to the learning finance teams will have to pursue, the value of intellectual curiosity to sustained individual growth, and the importance of communicating organizational purpose on a departmental level.

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In the Careers & Lifestyles column of the spring 2020 Pennsylvania CPA Journal, Elizabeth Wilson, chief financial officer for Valley National Financial Advisors in Bethlehem, Pa., details how an interview for a tax season intern inspired her to write a letter to her younger self as a helpful word of advice to CPAs just starting out in the profession. In this podcast, she more deeply explores her tips for young CPAs, the ways writing the letter drove her to reflect upon her own experiences, and insights the self-communication provided on potential areas of growth.

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