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

  • Accounting Jobs Dip as Broader Labor Market Holds Steady

    By:
    Emma Slack-Jorgensen
    |
    May 5, 2025
    April’s job report showed unexpected strength: U.S. employers added 177,000 jobs and the employment rate held at 4.2%. But not every sector benefited. Accounting, tax prep, bookkeeping and payroll services saw a net loss of 9,000 jobs, with 900 jobs cut in the accounting sector. 

  • Regulatory Roundup: April 29 - May 5

    By:
    Karen Sibayan
    |
    May 5, 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.

  • SALT Discussions Delayed as Lawmakers Try to Target the Tax Break to Middle Class Individuals

    By:
    Karen Sibayan
    |
    May 2, 2025
    Key House Republicans on  May 1 talk about ways to direct an expanded state and local tax deduction to individuals who make less than $400,000 as they attempt to take into account both the cost of the tax break with the political needs of many lawmakers who are from New York as well as other high-tax states

  • Inside the Push to Rethink CPA Pathways

    By:
    Emma Slack-Jorgensen
    |
    May 1, 2025
    The accounting profession is undergoing a quiet restructuring. With talent shortages growing and interest in traditional CPA pathways declining, organizations are rethinking how people enter the field—and how it’s being explained to them. 

  • Chair Williams Fights Against Proposal to Eliminate PCAOB

    By:
    Karen Sibayan
    |
    May 1, 2025
    Erica Williams, chair of PCAOB, warned on Apr. 29 against the U.S. House Financial Services Committee introducing draft legislation that would effectively shutdown the PCAOB by moving the board's responsibilities to the SEC.

  • FASB Solicits Input on Proposal to Improve Accounting for Debt Exchanges

    By:
    Karen Sibayan
    |
    Apr 30, 2025
    FASB on April 30 published a proposed Accounting Standards Update that would give accounting guidance for debt exchange transactions that involve multiple creditors.

  • Regulatory Roundup: April 22-28

    By:
    Karen Sibayan
    |
    Apr 28, 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.

  • House Committee Publishes Proposal to Eliminate the PCAOB

    By:
    Karen Sibayan
    |
    Apr 27, 2025
    The proposal of Republican lawmakers in the U.S. House of Representatives to eliminate the Public Company Accounting Oversight Board was published late on April 25. The leadership of the House Committee on Financial Services draft legislation will be part of the giant tax and spending bill that is currently being considered in Congress.

  • IAASB Solicits Feedback on Proposed Changes to Audit Standards Related to Working With Experts

    By:
    Karen Sibayan
    |
    Apr 25, 2025

    The International Auditing and Assurance Standards Board (IAASB) has started a public consultation on narrow-scope amendments to its standards in order to maintain interoperability between IAASB standards and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants.

  • New York Lawmakers Attempt to Revive State Tax on Stock Sales

    By:
    Karen Sibayan
    |
    Apr 25, 2025
    With the specter of significant slashes in federal funding for New York state, there is now a renewed push to revive its tax on stock sales. Based on a proposed legislation, the levy would be similar to a sales tax on goods and services, with stock buyers paying, on average, half a penny per dollar of stock.
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