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 September 2020 Issue on

CPAJournal.com

This month's “back-to-school” issue comes at the start of an academic year unlike any other. The COVID-19 pandemic completely upended the traditional educational model in the spring, and uncertainty abounds as instruction has resumed in the fall. The present crisis comes at a time when longer-term factors are reshaping the accounting education landscape and the future of the professional workplace is less clear than ever.

Read Now »
  • Study: A Lot of Commuting Time Turned Into Work Time This Year
    Oct 30, 2020
    A recent study found that millions of telecommuting employees worked a combined 22 million extra hours at their primary jobs per day from March to September.
  • FASB Proposes Clarifying That Derivatives Are Within Scope of Rate Reform Guidance
    Oct 30, 2020
    The Financial Accounting Standards Board (FASB) has released an exposure draft that, if passed, would clarify that recently approved guidance about how entities manage reference rate reform can be applied to derivative financial instruments that use an interest rate for margining, discounting or contract price alignment affected by it.
  • Interim Analysis of Critical Audit Matters Shows Mixed Results
    Oct 30, 2020
    An interim analysis by the Public Company Accounting Oversight Board (PCAOB) of its critical audit matters (CAMs) requirement  showed mixed results, demonstrating both positive and negative effects of the rule's initial implementation.
  • Conference Speaker: Estate Planners Must Act Fast in Case of Post-Election Changes
    Oct 29, 2020
    With the presidential election just days away, a speaker at the Foundation for Accounting Education's Estate Planning Conference on Thursday advised estate planning professionals to take advantage of as many exemptions and relief measures as they can now, because if the Democrats gain control of government, especially if they control the White House, the Senate and the House of Representatives together, he expects many of the exemptions will shrink or disappear entirely.
  • Conference Speaker: SECURE Act Requires Strategy Changes for Estate Planners
    Oct 29, 2020
    The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 dramatically altered the estate planning landscape, which requires professionals to change up some of their strategies. Speaking at the Foundation for Accounting Education's Estate Planning Conference Thursday, Steven B. Gorin, a partner at the law firm Thompson Coburn LLP, pointed to one of the major changes the new law created: the 10-year rule.
  • 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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  • Demystifying Tax Insurance
    Oct 29, 2020

    Tax planning can be complex. It must balance tax efficiency with all other elements of financial planning required to meet a company’s commercial objectives. Most importantly, tax planning and tax structuring strategies need to withstand the scrutiny of a taxing authority.

  • Final Regs. on Deduction of Administration Expenses of Estates and Non-Grantor Trusts
    Oct 29, 2020

    On September 16, 2020, the U.S. Department of Treasury (“Treasury”) and the IRS released final regulations on the deduction of administration expenses of estates and non-grantor trusts under sections 67(e) and (g), and on the treatment of excess deductions in the final year of the estate or non-grantor trust under section 642(h) (the “final regulations”).

     


  • Final Regulations Applying the High-Tax Exclusion to Global Intangible Low-Taxed Income
    Oct 29, 2020

    The IRS recently issued final and proposed IRC section 951A regulations relating to the treatment of “high-taxed” global intangible low-taxed income (GILTI), introduced in 2017 by the Tax Cuts and Jobs Act (TCJA). This latest guidance is welcome news to many U.S. investors, who may now make annual elections to exclude high-taxed GILTI from their gross income — both going forward and retroactively to 2018.

  • Remote Workers Beware: Potential Double Taxation Under the Convenience Rule
    Oct 29, 2020

    As the realities of COVID-19 are setting in, telecommuting arrangements have emerged as part of the new normal. A recent study found that the vast majority of employers plan to allow their employees to work remotely at least part-time and nearly half will allow this full-time going forward. Remote workers utilizing new work locations can trigger state-level income tax consequences, which may include two states seeking to tax the same income.