Attention FAE Customers:
Please be aware that NASBA credits are awarded based on whether the events are webcast or in-person, as well as on the number of CPE credits.
Please check the event registration page to see if NASBA credits are being awarded for the programs you select.

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 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 Helpline

Stumped? Get CPA expertise through the technical helpline!

Email your inquires to technicalhelpline@nysscpa.org.

 

The Latest From Our Publications


Read the May/June 2024 Issue on


CPAJournal.com

The best planning requires knowledge, preparation, and foresight. CPAs advising individuals, families, and corporations on tax strategy need to bring these qualities to bear in the context of strong trusted relationships. Tax planning done right is done in advance, not rushed at the eleventh hour. Given the uncertainty in the current tax landscape—with various provisions scheduled to sunset next year and an upcoming election that could lead to significant policy changes—now is the time to get started.

Read Now »
  • Gen Z Leads in Gen AI’s Widespread Adoption
    Nov 27, 2024
    On Nov. 25, Google Workspace’s new research demonstrates the widespread adoption of generative AI (gen AI) among work leaders. The study is based on a survey of more than 1,000 U.S. employees aged 22 to 39 who now hold or aspire to hold a leadership position at work.
  • DOGE's and Private Sector Return-to-Work Policies Have a Common Goal: Worker Attrition
    Nov 22, 2024
    Writing an op-ed for The Wall Street Journal, Elon Musk and Vivek Ramaswamy, who were jointly asked by President-elect Donald Trump to head up the new Department of Government Efficiency (DOGE), opined on a topic that is still causing friction in offices throughout the country: returning to office.
  • Company President Lets Us in on Her Secrets to Prevent Burnout
    Nov 20, 2024

    Jackie Meyer, founder and president of tax planning software provider TaxPlanIQ, wrote that recent research has found that 99% of accountants experience burnout. Although this is disturbing on a personal level, Meyer wrote that it can ultimately affect a company's bottom line. In her article, she examines how firms prevent burnout and increase their profit margins simultaneously.



  • PCAOB Releases Staff Report on 2025 Inspection Priorities
    Dec 9, 2024
    On Dec. 9, the Public Company Accounting Oversight Board (PCAOB) inspectors released a staff report listing their priorities for 2025 inspections. The report outlines the key risks and considerations for auditors and questions for audit committees, among other items. 
  • Regulatory Roundup: December 3 - 9
    Dec 9, 2024
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYCPA'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.
  • Texas Federal Court Blocks Enforcement of Corporate Transparency Act Nationwide
    Dec 4, 2024
    The Corporate Transparency Act and its implementing regulations, which mandate U.S. business entities report to the Treasury Department stakeholder information, were preliminarily blocked nationwide by a Texas federal court on Dec. 3. In a statement on the injunction, the AICPA reminded CPAs assisting clients with BOI reporting to remain prepared in the event that the injunction is lifted.
  • FAE Board of Trustees Nominations Due by Jan. 10
    Dec 4, 2024

    If you are interested in serving on the Foundation for Accounting Education (FAE) Board of Trustees, now is the time to submit your nomination. FAE, a 501(c)(3) organization and an affiliated entity of the NYSSCPA, is very important to the members of the Society and its mission because it administers the lifelong learning program for New York state CPAs.

  • Once Again, IRS Delays Implementation of Form 1099-K Reporting Threshold
    Dec 2, 2024
    The IRS postponed for a third time the effective date of Form 1099-K for reporting the $600 threshold for third-party settlement organizations (TPSOs). The IRS will also treat both 2024 and 2025 as transition years, the agency stated on Nov. 26 in Notice 2024-85. 
  • The Success in Succession, Part III: Financial Planning
    Dec 2, 2024

    This article is the third in a three-part series on succession planning. In Part I of the series, we discussed the legal considerations in creating an exit or succession plan, including estate planning and estate and gift tax planning. In Part II, we discussed the business considerations, including how to avoid the mistakes business owners and executives often make in preparing for exit or succession.

  • SCOTUS Addresses Constitutional Challenge to Mandatory Repatriation Tax
    Dec 2, 2024

    In Moore v. U.S. (36 F. 4th 930), the U.S. Supreme Court ruled on a constitutional challenge of IRC section 965, the mandatory repatriation tax (MRT). The MRT is a one-time repatriation tax (or “deemed dividend”) that passes through undistributed accumulated income of U.S.-controlled foreign corporations (CFCs). Section 965 is part of the 2017 Tax Cuts and Jobs Act (P.L. 115-97), which addresses foreign business earnings, including CFCs, inversions and the GILTI tax. The Act generally taxes U.S. shareholders owning 10% or more of a foreign corporation on otherwise tax-deferred foreign earnings.

  • Estate of Fields v. Comm’r—Bad Facts Family Limited Partnership Causes Estate Tax Inclusion under IRC Section 2036(a)(1) and (2) with Accuracy-Related Penalty Imposed
    Dec 2, 2024

    Estate of Fields v. Commissioner, T.C. Memo. 2024-90 (Sept. 26, 2024) (Copeland, J.), provides a textbook example of a “bad facts” family limited partnership (FLP) that caused estate tax inclusion of the property transferred to the FLP under both sections 2036(a)(1) and (2) with loss of discounts for lack of control and lack of marketability. In doing so, the court applied the Tax Court’s 2017 holding in Estate of Powell v. Commissioner, 148 T.C. 392 (2017)—that the ability of the decedent as a limited partner to join together with other partners to liquidate the FLP constitutes a section 2036(a)(2) estate tax trigger—and raises the specter of accuracy-related penalties that may loom where section 2036 applies.

  • IRS to Stop Automatically Assessed 3520 Late Filing Penalty on Large Foreign Gifts
    Dec 2, 2024

    At the end of October 2024, the IRS announced that it will no longer automatically assess penalties for late reporting of large foreign gifts. Before assessing a penalty, the IRS will now review reasonable cause statements submitted with late-filed Form 3520, which reports gifts or bequests from foreign persons, to determine whether a penalty should be imposed.