Advocacy

  • 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.

  • It’s Time: Society Urges IRS to Make Changes to 41-Year-Old Form 990-PF

    By:
    Chris Gaetano
    |
    Aug 17, 2015

    Form 990, which tax-exempt organizations are required to file annually, was dramatically redesigned in 2008 to account for the changing needs of its users. However, the less-often filed Form 990-PF, which tax-exempt private foundations and nonexempt charitable trusts are also required to submit, remains unchanged; it’s the same form the IRS rolled out in 1974, the year President Nixon resigned from office.

  • Have You Considered Serving on the Society’s Nominating Committee?

    By:
    John J. Lauchert, CPA, NYSSCPA Secretary/Treasurer
    |
    Jul 15, 2015

    Are you interested in helping to select who will serve on next year’s NYSSCPA Board of Directors? If so, consider serving on the Society’s Nominating Committee. This year’s 11-person Nominating Committee will be recommending a president-elect, four vice presidents, a secretary/treasurer, five at-large directors and directors from the Mid Hudson, Northeast, Queens/Brooklyn, Rockland and Utica chapters. These nominees are then presented to the membership in a proxy/ballot that is sent out in April.

  • NYSSCPA Weighs in on the Future of Peer Review

    By:
    Staff Reports
    |
    Jul 7, 2015
    The AICPA’s ambitious plan to revolutionize the 35-year-old peer review process with a near-real time engagement monitoring tool is being positioned to improve practice monitoring overall, but the NYSSCPA has identified some aspects of the proposal that need attention. 
  • Society to FAF: Don’t Dilute the PCC

    By:
    Chris Gaetano
    |
    Jun 23, 2015
    In the three years since it was created, the Private Company Council (PCC) has become such an important part of the standards-setting process that the Financial Accounting Foundation (FAF) should both increase support for the new body and significantly expand its reach, the NYSSCPA said in a recent comment letter. 
  • Lawmakers Pass Legislation Aimed at Dual Registration Threat

    By:
    Robert Busweiler
    |
    Jun 16, 2015
    The State Senate and Assembly passed legislation on June 16 that would exempt certified public accountants in New York from having to register as private investigators when performing forensic accounting work.
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