The Trusted Professional | NYSSCPA

 
 
evolution
CPA Evolution Aims for Radical Rethinking of Profession
cover2020_summer-fall
Read the Summer/Fall 2020 Issue (pdf)
Read our latest issue!
ethics20
No Change to Ethics CPE in January 2020
sec
SEC Seeks to Change Auditor Independence Rules
Lisa_Osofsky
First Mazars Female Partner Speaks on Diversity

Latest Articles

  • NFIB Urges Treasury to Destroy Millions of BOI Records

    By:
    Emma Slack-Jorgensen
    |
    Apr 16, 2025
    After a complete overhaul in the federal reporting rules regarding beneficial ownership information (BOI), the National Federation of Independent Business is now requesting the Treasury Department erase the BOI filings that have unnecessarily been submitted by domestic entities.

  • Accounting as a STEM Legislation Reintroduced in U.S. Congress

    By:
    Karen Sibayan
    |
    Apr 16, 2025

    This week U.S. Representatives Young Kim (CA-40) and Haley Stevens (MI-11) reintroduced a bill that will allow accounting to be recognized as a STEM field. The legislation is called Accounting STEM Pursuit Act of 2025 (H.R. 2911).

  • Why DEI Is Shifting Into a More Cautious Mode

    By:
    Emma Slack-Jorgensen
    |
    Apr 15, 2025
    Diversity, equity and inclusion (DEI) programs may be disappearing from headlines, but that doesn’t mean the work is disappearing from accounting firms. With political pressure mounting—especially after executive orders from the Trump administration—firms like Deloitte and KPMG are scaling back public-facing DEI initiatives.

  • Many Participating States See Less Taxpayers Using the IRS Direct File Program

    By:
    Karen Sibayan
    |
    Apr 15, 2025
    States that formed partnerships with the IRS to provide its Direct File program are experiencing minimal demand for the program so far in 2025. However, few eligible taxpayers have yet to take advantage of the option ahead of today's April 15 deadline to submit returns, based on data from many state tax departments.

  • Trump Signs Legislation Halting IRS Tax Rule on Crypto

    By:
    Karen Sibayan
    |
    Apr 14, 2025
    President Donald Trump has signed legislation to stop the IRS rule that would have compelled some cryptocurrency brokers to offer tax information about transactions on their platforms. The legislation is widely seen as a win for the crypto industry.

  • FASB Votes for Proposed Update to GAAP Derivates Standards

    By:
    Karen Sibayan
    |
    Apr 14, 2025
    The Financial Accounting Standards Board last week voted for a proposed update to generally accepted accounting principles standards for derivatives that will be effective in less than a year.

  • Regulatory Roundup: April 8-14

    By:
    Karen Sibayan
    |
    Apr 14, 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.

  • Budget Plan Passes the House, but Trump Cuts Still Need to Overcome Many Obstacles

    By:
    Karen Sibayan
    |
    Apr 11, 2025
    On April 10, the U.S. House of Representatives passed a budget plan that paves the way for extending President Donald Trump's 2017 tax cuts. However, this is only the first step to allow Republicans to bypass the Senate Democrat's opposition and pass tax cut legislation later in 2024.

  • In Another Accounting Private Equity Deal, Report Says Baker Tilly and Moss Adams Are Close to Merging

    By:
    Karen Sibayan
    |
    Apr 10, 2025
    Following the lead of CohnReznick and EisnerAmper, accounting firm Moss Adams is reportedly currently in advanced talks to receive private-equity funding via a merger with peer Baker Tilly, 

  • AICPA Issues Comment Letter on GST Exemption

    By:
    Karen Sibayan
    |
    Apr 10, 2025
    The AICPA  has sent a comment letter responding to the Treasury Department and the IRS' efforts to address the need to simplify relief procedures to allocate the generation-skipping tax exemption under section 2642(b)(1)-(2) and elections under subsection (b)(3) or (c)(5) of section 2632.
Page

Trending Articles