What You Need To Know


 

Upcoming Events and Opportunities

 

 



What's New at the Society?


 
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

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.

 
 
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 May 2019 Issue on

CPAJournal.com

Each year we devote an issue to personal financial planning. The challenges facing professionals in the field are in some sense constant—providing individuals with the necessary advice to achieve financial security for themselves and loved ones—but also varied, as the tax laws change, financial markets fluctuate, and investment products proliferate. Our featured articles this month cover these different perspectives and provide our authors' viewpoints on critical topics in the field.

Read Now »
  • EY, Deloitte Among Top 10 Places Business Students Want to Work
    Jun 19, 2019
    A poll of 53,237 college students conducted by employer brand management company Universum has found that Deloitte and Ernst & Young are among the top 10 companies that business students most want to work at when they graduate. 
  • Millions Have Financial Data Exposed, But There's No Breach This Time
    Jun 18, 2019
    New York Magazine is reporting that data from 7 million financial transactions on fintech platform Venmo is available to the public, but unlike other times this headline has appeared, it's not because of a data breach. It's because Venmo users simply don't make the transactions private. 
  • In Wake of SEC Battle, Elon Musk Says He Is Quitting Twitter
    Jun 17, 2019
    Eccentric billionaire Elon Musk, following a long and expensive drama regarding tweets that were said to have violated securities law, announced early this morning that he is quitting Twitter, likely much to the relief of his shareholders. 
  • Australian Man Who Says He Invented Bitcoin Is Suing to Prove It
    Jun 19, 2019
    Craig Wright, an Australian, has insisted that he is the mysterious Satoshi Nakamoto, the pseudonym behind the inventor of digital currency bitcoin, and while the cryptocurrency community has long been skeptical of these claims, he is now escalating his battle for recognition through a series of lawsuits against his critics. 
  • SEC Slightly Relaxes Rules on Auditor Independence
    Jun 19, 2019
    The Securities and Exchange Commission approved an amendment that will change the analysis of determining when auditors can or cannot be considered independent when they have a creditor/debtor relationship with the audited entity. 
  • SEC Probe Finds KPMG Auditors Cheating on Training Exams
    Jun 18, 2019
    While the primary headline concerned KPMG paying a $50 million penalty to settle Securities and Exchange Commission (SEC) charges that the firm used inside information to cheat on firm inspections, the agency also found that auditors were using inside information to cheat on internal training exams meant to reinforce professional work standards. 
  • Report: Fewer Individuals Donating to Charity in Wake of Tax Law Changes
    Jun 18, 2019
    Individual donations to charitable organizations dropped last year for the first time since the recession 10 years ago. 
  • Cost of Cyberattacks in 2018 Estimated to be $654 Billion
    Jun 17, 2019
    A recent report from digital strategy consulting firm ForgeRock calculates that, last year alone, cyberattacks cost U.S. companies a collective $654 billion. 
  • 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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  • Utilizing Trusts for the Benefit of Those Suffering with Addictions
    May 30, 2019

    Earlier this year Customs and Border Protection officers in Nogales, Arizona seized 254 pounds of fentanyl that was hidden in the floor compartment of a truck transporting cucumbers. Fentanyl is a deadly opioid (in powder form) that is often masked and /or mixed with heroin. It is responsible for thousands of deaths in the United States. A quarter milligram of the drug (the equivalent of several grains of rice) has the potential to kill a person quickly.

  • Medicaid Planning and the Medicaid Asset Protection Trust
    May 30, 2019
    Technological advances have increased life expectancy significantly. As the population ages, caring for the elderly has become more prevalent. Rising health care costs is a concern for seniors. Many seniors are house rich, cash poor—their major asset is their home which they seek to protect against unexpected long-term care costs.
  • IRS Can Resume Charging PTIN User Fees—But Final Cost Still to Be Determined
    May 30, 2019

    According to the IRS 26 C.F.R. § 1.6109-2(d), “Beginning after December 31, 2010, all tax return preparers must have a preparer tax identification number or other prescribed identifying number that was applied for and received at the time and in the manner, including the payment of a user fee, as may be prescribed by the Internal Revenue Service.” However, since June 2017, the IRS has suspended this fee charged for a “practitioner tax identification number” or PTIN.

  • The Tax Effect of Per Diem Rate for Individual Taxpayers Subject to DOT “Hours of Service” Rules
    May 30, 2019
    The Tax Cuts and Job Acts (TCJA) was ratified at the end of 2017 and placed into effect beginning with the 2018 tax year. Specific to unreimbursed employee expenses, the changes affect allowances in many industries; namely, a suspension of itemized deductions which includes meal and travel costs that are subject to the 2% adjusted gross income (AGI) floor.