Advocacy

  • Society Forms Ad Hoc Committee to Address NYS Responses to New Tax Law

    By:
    Ruth Singleton
    |
    Feb 20, 2018
    The NYSSCPA has formed a Tax Cuts and Jobs Act (TCJA) Ad Hoc Committee in response to the new federal tax law. The committee, chaired by Kevin J. McCoy, has as its mission “to review and analyze proposed changes that may develop in New York tax regimes and policy as [a] result of impacts of the federal Tax Cuts and Jobs Act.”
  • Gov. Cuomo’s New Budget Includes Support for Non-CPA Firm Ownership

    By:
    Ruth Singleton
    |
    Jan 23, 2018
    Gov. Andrew Cuomo’s executive budget for fiscal year 2019, released on Jan. 16, includes a proposed bill and statement in support of non-CPA ownership of accounting firms in New York State.
  • NYSSCPA Board Approves Legislative and Regulatory Agenda

    By:
    NYSSCPA Staff
    |
    Dec 19, 2017

    At its Dec. 7 meeting, the Board of Directors of the NYSSCPA approved the legislative and regulatory agenda presented by the Society’s staff and leadership, which appears below. The Society has embraced these initiatives in order to elevate the professional practice and further promote the CPA brand and expertise to legislators, the business community, the media and the general public in New York state.

  • Falbo Urges Lawmakers to Address Estate Tax ‘Cliff’

    By:
    Colleen Lutolf
    |
    Feb 10, 2016
    In an effort to drive home the “serious flaws” lawmakers created when they voted to amend the state’s estate tax law in 2014, NYSSCPA President Joseph M. Falbo Jr. told state legislators at a Feb. 3 budget hearing that CPAs will be forced to advise clients to move out of New York as a “valid wealth preservation strategy,” unless the law is corrected.

  • Society: FASB’s Nonprofit Proposal Does Opposite of What it Intends

    By:
    Chris Gaetano
    |
    Sep 22, 2015
    A proposal by the Financial Accounting Standards Board (FASB) that would radically alter the way non profit organizations present their financial information raises more problems than it solves, according to the NYSSCPA. In a comment letter published in August, the Society said the board’s plan was needlessly complex, falling far short of its goal to provide greater clarity, and was even more far-reaching than the board suggested. 
  • CPA, Private Eye? Not in NY, Thanks to Society Legislative Win

    By:
    Robert Busweiler
    |
    Aug 24, 2015

    In June 2013, the New York Department of State quietly asserted, in a letter responding to a formal inquiry by a regional firm, that a CPA performing forensic accounting investigations in New York state needs to obtain another license--for a private investigator. According to a state department attorney at the time, the services a forensic accountant provides to clients fell within the statutory scope of private investigation, thus the requirement for dual licensure. That’s when the NYSSCPA began petitioning the legislature and for an exemption, said NYSSCPA Executive Director Joanne Barry.

  • New Law Streamlines Form 990 Extensions

    By:
    Alonza Robertson
    |
    Aug 22, 2015

    Things just got a little less cumbersome for CPAs filing returns for non-profit organizations. A new bill, signed into law last month by President Obama, includes a streamlined, automatic 60-day extension request process for federal tax filings of Form 990. The NYSSCPA's Exempt Organizations Committee had made the recommendation to the IRS in a 2014 comment letter.

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