The Trusted Professional | NYSSCPA

 
 
Gov. Hochul Signs Non-CPA Ownership Bill into Law
Read the March/April Issue
IRS to Waive $1B in Some Late Payment Penalties
2024 to Be a Demanding Year for Internal Auditors
SEC OKs Audit Confirmation Standards

Latest Articles

  • AICPA Makes a Nod to Senate for Its Efforts to Improve House Bill

    By:
    Karen Sibayan
    |
    Jun 20, 2025
    After the Senate released the reconciliation bill, the AICPA has enumerated the specific provisions that it supports. The Senate bill includes several provisions that the AICPA has previously supported.

  • Lawyers Warn That Splitting DOJ's Tax Division Would Lead to Weaker Enforcement

    By:
    Karen Sibayan
    |
    Jun 18, 2025
    The Department of Justice's proposal to split its tax division is  another indication that enforcement will decline, lawyers warned

  • SEC Appoints Kurt Hohl as Its New Chief Accountant

    By:
    Karen Sibayan
    |
    Jun 18, 2025
    The SEC has announced that Kurt Hohl—who has close to four decades of accounting and auditing experience—has been named  the regulator's chief accountant, effective Jul. 7.

  • Senate GOP Eyes $30K SALT Cap as Talks Continue

    By:
    Emma Slack-Jorgensen
    |
    Jun 17, 2025
    Senate Republicans are weighing a new $30,000 cap on the state and local tax (SALT) deduction, a potential compromise between the $10,000 cap and the $40,000 threshold included in the House-passed version of the bill, now under Senate review.

  • Profits Are Up for Accounting Firms; So Are Expectations

    By:
    Emma Slack-Jorgensen
    |
    Jun 16, 2025
    Accounting firms are reporting stronger numbers across the board. Nearly three-quarters of firms saw increased profits over the past year, and more than half gained new clients. This growth is driven largely by operational improvements and expanded services. 

  • New York State Senate Passes CPA Pathway Bill on June 12

    By:
    Emma Slack-Jorgensen
    |
    Jun 16, 2025

    The New York State Senate, joining the state Assembly, passed the additional licensure pathway bill (A.7613/S.6892) on June 12.  The bill introduced a third option for CPA candidates: 120 credit hours and two years of relevant experience.

  • Regulatory Roundup: June 10-16

    By:
    Karen Sibayan
    |
    Jun 16, 2025
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYCPA's regular series that collects relevant regulatory announcements from the past week and puts them in one place to help you stay on top of the issues.

  • SEC Prepares for Potential PCAOB Absorption Amid Legislative Uncertainty

    By:
    Emma Slack-Jorgensen
    |
    Jun 13, 2025
    As Congress considers sweeping tax legislation that would transfer the PCAOB’s responsibilities to the SEC, the regulator is already preparing for the possibility.

  • Billy Long Is Confirmed as IRS Commissioner

    By:
    Karen Sibayan
    |
    Jun 12, 2025
    On July 12, ex-U.S. Rep. Billy Long of Missouri was confirmed as commissioner of the IRS, giving the tax agency a permanent head following after months of acting leaders and massive staffing cuts, 

  • Senate Weighs $30,000 SALT Deduction Cap in Tax Bill Negotiations

    By:
    Emma Slack-Jorgensen
    |
    Jun 12, 2025
    As the Senate takes up President Trump’s sweeping tax bill, Republican senators are eyeing a new compromise on one of the most contentious provisions: the cap on the state and local tax (SALT) deduction. 
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