What You Need To Know

 

Upcoming Events and Opportunities

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Moynihan - Pay It Forward

 

 

 

What's New at the Society?

Members Get Unlimited Access to Self Study CPE

 
Unlimited CPE for NYSSCPA Members

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

 
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

 
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

 
The NYSSCPA 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

Read the April 2020 Issue on

CPAJournal.com

As the editors and production staff were working to put together this issue, the NYSSCPA closed its offices and instituted a work-from-home program in order to prevent the spread of coronavirus (COVID-19) here in New York. In the weeks that followed, most other entities have followed suit, as all but essential business and services have moved to remote working.

Read Now »

NextGen

  • AICPA Offering Grants for Students Affected by Pandemic
    Jul 6, 2020
    The AICPA announced that accounting students affected by the global pandemic, at either the graduate or undergraduate level, may qualify for an educational grant.
  • Study Finds Black Homeowners Pay 13 Percent Higher Property Taxes
    Jul 2, 2020
    A recent study found that, across the country, Black homeowners are consistently assessed at higher values, relative to the actual sale price of their homes, than white homeowners, which has led to them paying about 13 percent more in property taxes each year.
  • Year-Round CPA Exam Testing Begins
    Jul 2, 2020
    The National Association of State Boards of Accountancy (NASBA) the AICPA and Prometric announced the launch, as of July 1, of their new continuous testing model, which does away with the testing windows that had previously dictated the rhythm and pace of the CPA exam.

The Trusted Professional

  • PPP Extension to Aug. 8 Enacted, SBA Releases Loan Data
    Jul 6, 2020
    A bill extending the life of the Paycheck Protection Program until Aug. 8, which passed Congress last week, has now been officially signed into law. In addition, the Small Business Administration has released data on nearly 700,000 loans issued through the program.
  • Fed Economists Warn That 'Belief Scarring' Will Hamper Post-Pandemic Growth
    Jul 6, 2020
    Federal Reserve economists have released a paper warning that the global pandemic's economic damage could cause long-term changes in what we believe and how we behave, which could hamper growth even after the virus is under control.
  • CBO Predicts Long-Term Damage to GDP Growth
    Jul 6, 2020
    The Congressional Budget Office, in its latest set of economic projections, said that the effects of the global pandemic mean that annual U.S. GDP growth will be 3.4 percent slower than the CBO first projected in January, and that annual unemployment will be about 2 percent higher.
  • Regulatory Roundup - June 30 - July 6
    Jul 6, 2020
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYSSCPA's regular series that collects relevant regulatory announcements from the past week, and puts them in one place to help you stay on top of the issues.​
  • At Annual Meeting, Society Installs Edward L. Arcara as President
    Jul 2, 2020
    At the 2020 annual meeting of the NYSSCPA, held via videoconference on the afternoon of May 27, Edward L. Arcara was installed as the Society’s 101st president. Arcara outlined goals for the year, including further partnering with the New York State Department of Taxation and Finance, business groups, chambers of commerce and other professional organizations; showcasing the talents of the Society’s 15 chapters; and growing membership through more outreach to colleges and universities

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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  • Can New York State Audit Federal Tax Issues?
    Jun 29, 2020

    In a typical case, the IRS will audit federal tax issues, and when audit changes are made, it will notify New York State. With little additional work, New York will bill the taxpayer the amount of additional state tax resulting from these federal tax changes. Taxpayers are required to report the IRS audit changes on a New York State amended return within 90 days of the IRS notification, regardless of whether they receive a bill from the state.
  • Helpful Instructions for Filing Domestic and Foreign Voluntary Disclosures
    Jun 29, 2020

    In April 2020, the IRS quietly updated Form 14457. Previously called the “Offshore Voluntary Disclosure Letter,” the form’s name was changed to “Voluntary Disclosure Practice Preclearance Request and Application.” It had been used in conjunction with the Offshore Voluntary Disclosure Program (OVDP) that ended Sept. 28, 2018.

  • A Simple Fix to the “Retail Glitch”
    Jun 29, 2020

    With the recent passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress enacted many tax provisions intended to lessen the economic harm caused by the coronavirus (COVID-19) outbreak. Among those changes was a fix for an issue known as the “retail glitch,” which arose from the last major piece of tax legislation, the Tax Cuts and Jobs Act (TCJA).

  • Tax Reform, the CARES Act, and Beyond: Hedge Fund Schedule K-1 for Individuals
    Jun 29, 2020
    In 2016, the authors’ article, “Deconstructing Hedge Fund Schedule K-1s for Individuals,” was published in the TaxStringer. It discussed hedge fund schedules K-1—but much has changed since then. This discussion will review how such changes have affected the presentation of hedge fund K-1s.