What You Need To Know

Ethics CPE Regs Unchanged for 2018

Resources on: The Tax Cuts and Jobs Act

NYS Tax Department Extends 'No Applicable ID' Option for Driver's License Requirement

What Sole Proprietors and Small Firms Need to Know About the New Peer Review Law

 

Upcoming Events and Opportunities

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What's New at the Society?

New in 2017: 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 March 2018 Issue on

CPAJournal.com

This month, we turn our attention to ethics, professional liability, and risk. The accounting profession has always questioned how best to safeguard its ethical principles. Steven Mintz provides some historical perspective to the subject. In his view, the past decades have seen CPAs’ increasingly entangled business relationships with clients conflict with their commitment to the public interest. He is critical of the profession’s recent attempts to mitigate such conflicts.

Read Now »

NextGen

The Trusted Professional

  • Federal Government Expands Exemptions For ACA Individual Mandate Penalty
    Apr 25, 2018
    The federal government has added four new exemptions to avoiding the Affordable Care Act's individual mandate penalty, which is already set to expire next year. 
  • IRS Warns of Scammers Spoofing Telephone Numbers in Impersonation Scams
    Apr 25, 2018
    The IRS has warned that scammers have learned to spoof phone numbers to make their calls appear to come from legitimate places like a local Taxpayer Assistance Center. 
  • Private Companies Struggling to Implement Revenue Recognition, Lease Standards
    Apr 24, 2018
    A very small number of private companies said they are currently ready to implement the  new standards from the Financial Accounting Standards Board (FASB) on leases and revenue recognition, trailing public companies, which, themselves, are also largely unready for the change. 
  • Guest Blog: Are You a Tax Pro Without a Security Plan in Place? You May Be Breaking the Law
    Apr 24, 2018
    "When Identity Thieves Hack Your Accountant" is the headline of noted cybersecurity blogger Brian Krebs' new blog post. Once an issue makes Krebs' blog, it usually affects a broad group, in this case a growing number of hacked CPA firms and resulting client identity theft. What Krebs and the 62 comments to his post leave out is the requirement under the federal Gramm-Leach-Bliley (GLB) law for all CPA firms with tax practices, including sole practitioners, to create, execute and periodically update a comprehensive written firm-size-appropriate information security plan.
  • Joint Tax Committee Releases Report on Impact of TCJA
    Apr 24, 2018

    The Joint Committee on Taxation released its initial assessment of the Tax Cuts and Jobs Act, estimating the new effective tax rates for the different brackets, as well as the estimated distribution of certain tax benefits. 

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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  • Self-Employment Tax for Partnerships, LLC and LLP Members
    Mar 28, 2018
    The advent of the Tax Cuts and Jobs Act of 2017 has started to affect the entity structures that taxpayers choose for their businesses. Some practitioners are recommending an expanded use of C corporations while others are recommending maximum utilization of the qualified business income (QBI) deduction. 
  • PFICs: Current State of Affairs
    Mar 28, 2018
    Passive Foreign Investment Companies (PFICs) are still alive and kicking! The new law made only one structural change to the PFIC regime: limiting the PFIC insurance exception. 
  • New York’s Corporate Nexus & Apportionment Rules—Review & Update (Part 2 of 2)
    Mar 28, 2018
    We’re back to continue our discussion regarding the implementation and development of New York’s 2015 corporate tax reform.  Even though the law is nearly four years old, both tax practitioners and tax administrators struggle to provide form to the framework created by the new law. 
  • The New Qualified Business Income Deduction Under IRC Section 199A
    Mar 28, 2018
    Public Law 115-97 (the Act) provided a significant benefit to corporate taxpayers. While the highest marginal corporate tax rate was previously 35%, corporations now face only a flat 21% tax. In an attempt to provide parity for non-corporate taxpayers, the Act introduces a new IRC section 199A, which provides a 20% deduction for qualified business income earned by individuals, trusts, and estates.