Advocacy

  • Society Objects to ABV Credential for Non-CPAs

    By:
    Chris Gaetano
    |
    Jul 31, 2018

    The NYSSCPA, in a July 25 comment letter, voiced its deep concern over the recent decision by the American Institute of CPAs (AICPA) to open the Accredited in Business Valuation (ABV) credential to finance professionals generally, not just CPAs. In the letter, drafted by members of the Society’s Business Valuation Committee, the Society decried the negative impact the decision will have on the value of the credential and on CPAs who possess it.

  • NYS Legislature Passes Society-Supported Bill Eliminating CPE Exemption for New CPAs

    By:
    Chris Gaetano and Ruth Singleton
    |
    Jun 25, 2018
    The New York state Legislature has passed an NYSSCPA-supported bill that eliminates the three-year exemption from mandatory continuing professional education (CPE) for newly licensed CPAs. The Society lobbied for the legislation as part of an effort to ensure that new CPAs remain competent in new and emerging skill sets that clients and employers have come to expect in the age of blockchain and artificial intelligence.
  • Society Supports Bill Eliminating CPE Exemption for Newly Licensed CPAs

    By:
    Chris Gaetano
    |
    May 15, 2018

    In an effort to ensure newly licensed CPAs remain competent in new and emerging skill sets clients and employers have come to expect in the age of blockchain and artificial intelligence, the NYSSCPA is supporting a bill that would require newly licensed CPAs in New York to earn up to 120 credit hours of continuing professional education during the first three years of licensure.  

  • 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.

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