The New York State Society of CPAs

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Newly Licensed CPAs Must Take CPE Starting on Jan. 1, 2020

Upcoming Events and Opportunities

What's New at the Society?

Members Get Unlimited Access to Self Study CPE

Introducing a New Member Benefit!

NYSSCPA members now have free unlimited access to over 150 CPE courses in our Self Study Course Catalog.

"I enjoy the online CPE because it allows for me to stay up-to-date with pertinent accounting issues while studying on my own time. I can pause the sessions and resume at my convenience. I feel the CPE is highly relevant as a majority of the sessions have lecturers who are experts in their field. The online interface that NYSSCPA utilizes is user friendly and allows me to easily sort by topic."
– Greg Kozerski, Jr., NYSSCPA Member

The New NYSSCPA Career Center

Whether you're an employer looking for your next great hire, or a job seeker looking for your next great opportunity, the NYSSCPA Career Center is here to assist you.

Employers: Post Job Descriptions Here
Job Seekers: View Open Positions Here

Get Money Smart

The cost of financial ignorance is high.

Check out these materials and consider attending one of our free events to learn more about taxes, credit, debt, budgeting, the basics of investing and learning activities for children.

Technical Hotline

Stumped? Get CPA expertise through the technical hotline!

Call the hotline at 212-719-8309 or
email your inquires to technical@nysscpa.org.

The Latest From Our Publications

cpajcover_nov19

Read the November 2019 Issue on

CPAJournal.com

This year marks the 18th edition of our annual tax software survey, in which authors Susan Anders and Carol Fischer solicit the opinions of NYSSCPA members on whether they are satisfied with the tax preparation and tax research software. Their input can assist other preparers in making their purchase decisions, as well as shift the priorities of software vendors.

Read Now »

NextGen

International Integrated Reporting Counsel Planning Major Revisions to Framework

Feb 21, 2020

The International Integrated Reporting Council (IIRC), a sustainability accounting framework organization that stresses the integration of environmental, social and governance-related factors alongside financial data, is seeking feedback for revisions to its framework as it approaches its 10th anniversary.
Poll Finds Politics Increasingly Eating Into Productivity

Feb 20, 2020

Workers are increasingly hungry for political news and discussion, particularly as we near the 2020 U.S. presidential elections, which a recent poll has found is siphoning off productivity at their jobs.
Millennials No Longer Habitual Job Hoppers

Feb 19, 2020

An article in the Wall Street Journal reports that millennials are increasingly staying put in their jobs, as the vast majority have remained with a single employer for longer than 13 months.

The Trusted Professional

Wells Fargo Nears Final Settlement for Scandals Involving Banking, Auto Loans and Mortgages

Feb 21, 2020

Banking giant Wells Fargo is close to entering a settlement with the U.S. Justice Department and Securities and Exchange Commission over a widespread fraud on its customers on several fronts, including sham bank accounts, forced auto insurance and surprise mortgage adjustments.
NYC to Ease Up on Fines for Small Businesses

Feb 21, 2020

The New York City government plans to go easier on small businesses through eliminating fines for many first-time violations, and expanding the number of violations with "cure" periods allowing the businesses to fix problems without getting penalties.
SEC and PCAOB, Mulling Impact of Coronavirus, Consider Deadline Relief in Specific Circumstances

Feb 20, 2020

The Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB) urged firms to coordinate with their audit committees on the material impacts of the coronavirus epidemic, and said that, in circumstances beyond the control of the issuer, they would be willing to grant "appropriate" relief from filing deadlines.
IRS Provides Guidance, Safe Harbor, on Carbon Capture Credits

Feb 20, 2020

The IRS has provided clarifying guidance and a safe harbor for the carbon capture credits passed into law in 2018 in lieu of separate private letter rulings.
Accounting Change Juices Argentina's Balance Sheet From Negative $2 Billion to Positive $35 Billion

Feb 19, 2020

Argentina, through a change in how it values certain government bonds, has changed its balance sheet from negative $2 billion to positive $33 billion, a move that has been received with some skepticism by the international finance community.

TaxStringer

White House Tax Reform: The TaxStringer's Recommended Reading List for CPAs

Mar 27, 2017

The Trump Administration promised federal tax reform legislation within 100 days of the president's first term. In an effort to keep TaxStringer readers apprised of federal tax reform developments, the editors have compiled the following list of articles from trustworthy sources that will be updated on a regular basis.

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New York City Taxes: A Quick Primer for Businesses

Jan 29, 2020

In addition to the plethora of New York State (NYS) taxes imposed on residents and businesses, New York City (NYC or city) has its own distinct set of business taxes, administered and collected by the NYC Department of Finance (DOF). The DOF collects more than $33.2 billion in revenue for the city and values more than 1 million properties with a total market value of $988 billion.
Final Regulations on Qualified Opportunity Funds: Trust and Estate Issues

Jan 29, 2020

On Dec. 19, 2019, the U.S. Department of Treasury and the IRS (collectively, the Treasury Department) released long-awaited final regulations on qualified opportunity funds (QOF). The final regulations come on the heels of two tranches of proposed regulations, which generated more than 300 comment letters from organizations and other interested parties. The NYSSCPA submitted a comment letter to the Treasury Department dated Jan. 9, 2019, that addressed a wide range of issues. In addition, the American College of Trust and Estate Counsel (ACTEC) submitted two separate comment letters to the Treasury Department on trust- and estate-related issues, the second of which was dated Jun. 27, 2019.
The SECURE Act Changes Rules for Individual Retirement Savings Accounts

Jan 29, 2020

On Dec. 20, 2019, President Trump signed into law the Further Consolidated Appropriations Act of 2020 (FCTA). Among its many provisions, the FCTA includes the Setting Every Community Up for Retirement Enhancement Act of 2019 (aka the SECURE Act). While most of these changes affect taxpayers’ IRAs and 401(k) accounts in a positive way, certain provisions tighten some rules. This discussion will review key provisions of the act and their impact on taxpayers.
IRC Section 199A Considerations for Tax Year 2019

Jan 29, 2020

The qualified business income (QBI) deduction under IRC section 199A has been one of the most discussed topics in federal taxation since the passage of the 2017 Tax Cuts and Jobs Act (TCJA). Many articles have followed the release of the new law, proposed regulations, and final regulations to help practitioners to understand the deduction and its impact on their clients.

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The New York State Society of CPAs

What You Need To Know

Upcoming Events and Opportunities

What's New at the Society?

The Latest From Our Publications