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2017 Tax Busy Season Resource Guide

Your personal resource guide of vital tax information, articles, forms, news and alerts from New York state, New York City and the Internal Revenue Service.

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The Latest From Our Publications

Read the February 2017 Issue on

This month features an exclusive CPA Journal roundtable discussion. The participants bring perspectives from big firms and small, academia, consulting, and the legal world. Their wide-ranging discussion acknowledged the expectations gap that exists between the public and the profession, addressed the challenges presented by information technologies and their ever-increasing production of data, and pondered how the next generation might adopt creative solutions to the problems vexing today's auditors.

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  • NYSSCPA Offering Students Up to $1,000 in FAE Scholarships with Technology Assurance Research Paper Contest
    Feb 16, 2017
    The NYSSCPA's Technology Assurance Research Paper Contest is designed to encourage college and grad school students throughout New York state to pursue accounting research, while fostering their professional development and promoting involvement in the Society’s committees and publications.
  • Cross-generational Learning More Important Than We Think
    Nov 22, 2016

    At work, a younger generation often takes the advice of senior colleagues. But nowadays, as the retirement age increases and the workforce becomes older, experienced professionals looking to continue with their jobs could take some advice from younger co-workers. In fact, research shows that with greater emphasis on cross-generational mentoring, longer and more satisfying careers may be possible.

  • Data Analytics Could Boost Pay as Firms Weave AI, Drones Into Auditing Processes
    Nov 18, 2016
    You’ve got your accounting degree, but what now? Supplementing it with experience in data analytics can net you a higher salary than simply being a CPA. And the push to weave cognitive technologies into auditing processes could give you the chance to work with artificial intelligence, and even drones.
  • Regulatory Roundup: Feb. 15-21
    Feb 21, 2017
    With so many regulators out there, it can be tough to keep track of everything they say from week to week. Luckily we here at the Trusted Professional have collected relevant regulatory announcements from this past week and put them here in one place to help you stay on top of regulatory issues or matters. 
  • Trump's SEC Pick Seeks to De-Emphasize Regulation, Enforcement
    Feb 21, 2017
    Jay Clayton, the Trump Administration's pick for chair of the Securities and Exchange Commission, wants to see the commission turn away from its Obama-era focus on regulation and enforcement and towards making public markets more attractive to investment. 
  • U.S. Census Bureau Data Shows Looming Retirement Crisis Worse Than Originally Thought
    Feb 21, 2017
    Research from the U.S. Census Bureau has found that two-thirds of Americans have no money at all set aside for retirement, and that fewer than one-fifth of employers offer any kind of retirement plan. 
  • Newsmakers: FASB Staffers Discuss Board's Revenue Recognition Standard
    Feb 21, 2017
    In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard on revenue recognition, which is set to take effect for public organizations on Dec. 15, 2017, and for nonpublic organizations on Dec. 15, 2018. The revenue recognition standard is one of the major features of the joint FASB/International Accounting Standards Board (IASB) convergence project, which was intended to produce a set of high-quality international accounting standards that can be used within either framework. Mary Mazzella, supervising project manager at the FASB, and Cullen Walsh, an assistant director at the FASB, are members of the FASB/IASB Joint Transition Resource Group for Revenue Recognition (TRG). Mazzella and Walsh took the time to respond to questions from The Trusted Professional about how the implementation process is progressing.

  • State Board Audit Finds 50% of CPAs Noncompliant with Ethics CPE Requirement
    Feb 21, 2017
    A recent New York State Board for Public Accountancy audit of state-licensed CPAs’ continuing professional education (CPE) compliance in 2016 revealed that only 50 percent of New York-licensed CPAs had fulflled the state’s professional ethics CPE requirement.



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