NYCPA News and Blogs

The IRS published the tax gap projections for 2022 on Oct. 10. They show the country’s projected gross tax gap at $696…

The Governmental Accounting Standards Board (GASB) is soliciting comments on proposals about accounting and financial…

Despite the strong job market, as employers added 254,000 jobs in September, some are still recovering from layoffs…

Two recent survey reports examined the relationship between artificial intelligence (AI) and the audit function.  The…

Bloomberg Tax reported that US auditors are trying to assess a series of rule changes in the next couple of years that will…

On Oct. 3, the IRS and Treasury Department issued Notice 2024-73 on long-term, part-time employees in 403(b) retirement…

The Financial Times reported that head of KPMG US Paul Knopp stated that the industry needs to make it simpler and less…

The IRS changed its policy for prerefund examinations to expedite the processing of employee retention credit (ERC) claims.…

When asked by a sole practitioner who is starting out what the benefits of joining an accounting association are, NYCPA…