Attention FAE Customers:
Please be aware that NASBA credits are awarded based on whether the events are webcast or in-person, as well as on the number of CPE credits.
Please check the event registration page to see if NASBA credits are being awarded for the programs you select.

What You Need To Know

Privacy Policy and Terms & Conditions

Read the Latest Issue of The Trusted Professional

 

Upcoming Events and Opportunities

cpeevents2_22

exchange-banner

 

 

 

 

What's New at the Society?

Members Get Unlimited Access to Self Study CPE

 
Unlimited CPE for NYSSCPA Members

Introducing a New Member Benefit!
 
NYSSCPA members now have free unlimited access to CPE courses in our Self Study Course Catalog.
 
"I enjoy the online CPE because it allows for me to stay up-to-date with pertinent accounting issues while studying on my own time. I can pause the sessions and resume at my convenience. I feel the CPE is highly relevant as a majority of the sessions have lecturers who are experts in their field. The online interface that NYSSCPA utilizes is user friendly and allows me to easily sort by topic."
– Greg Kozerski, Jr., NYSSCPA Member

 

The New NYSSCPA Career Center

 
The New NYSSCPA Career Center

Whether you're an employer looking for your next great hire, or a job seeker looking for your next great opportunity, the NYSSCPA Career Center is here to assist you.

Employers: Post Job Descriptions Here
Job Seekers: View Open Positions Here

 

Smart Money Habits

 
Get Money Smart

The cost of financial ignorance is high.

Check out these materials and consider attending one of our free events to learn more about taxes, credit, debt, budgeting, the basics of investing and learning activities for children.

 

Technical Helpline

 
The NYSSCPA Technical Helpline

Stumped? Get CPA expertise through the technical helpline!

Email your inquires to technicalhelpline@nysscpa.org.

 

The Latest From Our Publications

Read the May/June 2024 Issue on


CPAJournal.com

The best planning requires knowledge, preparation, and foresight. CPAs advising individuals, families, and corporations on tax strategy need to bring these qualities to bear in the context of strong trusted relationships. Tax planning done right is done in advance, not rushed at the eleventh hour. Given the uncertainty in the current tax landscape—with various provisions scheduled to sunset next year and an upcoming election that could lead to significant policy changes—now is the time to get started.

Read Now »

NextGen



The Trusted Professional

  • PCAOB Staff Report Offers Perspectives of Target Team Inspectors on Risk Areas in Public Audits
    Oct 4, 2024

    A recent Public Company Accounting Oversight Board (PCAOB) staff report offers the perspective of inspectors who examine emerging risk areas in public company audits. These inspectors, in several instances, take note of the value of audit firms using experts.
  • SEC Adopts Changes to Access Procedures for EDGAR, Notably Transitioning from Shared to Individual Accounts
    Oct 3, 2024
    The SEC is adopting changes to the login, password and other account access procedures for those using its Electronic Data Gathering, Analysis, and Retrieval System (EDGAR). Most notably, it will transition from one login account per company to one account for every individual filing documents into EDGAR. Filers will have 12 months from Sept. 27, the issuance of the SEC release, to transition to EDGAR Next, which is the new iteration of the filing system. 
  • Report: Controllers Can Become Exceptional Partners to CFOs and Drive Company Growth
    Oct 2, 2024
    Current finance leaders are expected to balance various priorities and tasks by supporting both short-term performance and long-term value creation. Financial controllers are no exception. The 2024 Global EY DNA of the Financial Controller Report notes that controllers now have a dual role. While they should still fulfill their traditional reporting and compliance functions, they should also become agents of transformation and value creation.
  • IRS Postpones Several Filing Deadlines to May 1 in Seven States in the Wake of Helene
    Oct 2, 2024
    After the AICPA asked the IRS to offer immediate tax disaster relief in the wake of Hurricane Helene, the agency announced such relief for all individuals and businesses impacted by the storm. Taxpayers in the following areas have until May 1, 2025, to file various federal individual and business tax returns and make tax payments: all of Alabama, Georgia, North Carolina, and South Carolina, as well as 41 counties in Florida, eight counties in Tennessee, and six counties and one city in Virginia.
  • FASB Solicits Input on Proposed Update for Share-Based Payments
    Oct 1, 2024

    The Financial Accounting Standards Board (FASB) released a proposed Accounting Standards Update (ASU) on Sept. 30 to improve the accounting guidance for share-based consideration payable to a customer for selling goods or services. The deadline for comments on the proposed ASU is Nov. 14.

TaxStringer

  • AI in Accounting: Leveraging the New Era of Efficiency and Insight
    Sep 30, 2024

    Our profession is at an exciting crossroads, and it's not just about the numbers anymore. Imagine having a tireless assistant who can analyze data, spot trends, and offer actionable insights faster than ever. That’s the power of generative AI for CPAs and accountants. We're not talking calculators—sophisticated tools like ChatGPT, Claude, Gemini, BingAI, powered by large language models (LLMs) are revolutionizing the way we work with accounting and financial data.
  • Long Term Care and Asset Protection Planning
    Sep 30, 2024

    It is estimated that 70% of adults aged 65 years and older will require long-term care at some point in their lives. Long-term care includes a variety of services designed to meet an individual’s health or personal care needs, allowing them to live as independently and safely as possible when they can no longer perform daily activities on their own.
  • Charitable Planning for Individuals
    Sep 30, 2024

    Charitable contributions play a crucial role in addressing important needs within our communities, and the U.S. tax code recognizes their value by providing various incentives. By understanding tax strategies related to charitable giving, individuals can maximize their impact while also receiving significant tax advantages. This article will discuss some lesser-known aspects of direct charitable giving and common charitable planning strategies using trusts.
  • Achieving the Impossible: Estate Tax Exclusion and Step-Up in Basis
    Sep 4, 2024
    One of the challenges in estate planning is keeping assets out of the deceased owner's taxable estate while still ensuring the assets receive the automatic change in basis (commonly called the step-up in basis) under Internal Revenue Code Section 1014. When the estate tax rates were much higher than they are today (70%-77% a few decades ago compared to 40%) and the long term capital gains income tax rates were not more than 25%, it was beneficial in most cases to seek estate tax exclusion even if the step-up in basis was forfeited.