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 December 2020/January 2021 Issue on

CPAJournal.com

Featured this month are our two major annual surveys aimed at providing readers with some insights into the current state of the accounting profession. The Rosenberg practice management survey provides exhaustive performance and profitability data on CPA firms across the country, and for the past six years it has collaborated with the NYSSCPA to provide local benchmarking results. Since this year's survey was largely conducted before the onset of the COVID-19 pandemic, it is supplemented here with a brief survey of NYSSCPA members focused on the impact of COVID-19 on accounting practices.

Read Now »


  • Survey Findings Suggest Vaccines May Not be Panacea for Ailing Retailers
    Jan 27, 2021
    While a corinavirus vaccine has been held out as the great hope for the global economy, when it comes to the retail sector at least, a recent survey suggests that immunizations may not provide the boost people have been hoping for.
  • IRS Introduces New Chief Taxpayer Experience Officer Position
    Jan 27, 2021
    The IRS has introduced a new high-level position: chief taxpayer experience officer, with the first person to fill the role being Ken Corbin, currently the IRS Wage and Investment commissioner.
  • Debt of All Sort Spiked in 2020
    Jan 27, 2021
    Whether government, corporation or consumer, credit became the main way to survive 2020, as indicated by spiking debt levels across the entire global economy that, in some cases, surpassed even World War II levels.
  • IRS Unveils Online Versions of Forms 2848 and 8821
    Jan 26, 2021
    The IRS announced that taxpayers can now file Forms 2848 and 8821 online, an option that it says will help tax professionals remotely obtain signatures from individual and business clients and submit authorization forms electronically.
  • Webinar Speakers: Be Wary, Not All CARES Act Provisions Apply to NYS Tax Law
    Jan 26, 2021
    While the CARES Act introduced many changes to how we think of taxes, two speakers at a recent Foundation for Accounting Education webinar said to be careful because some of the changes don't apply at the New York state level.
  • 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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  • Cannabis Tax Update
    Jan 4, 2021

    There are many factors that set the cannabis industry apart from other business sectors–chief among them, the unique tax treatment that puts cannabis business owners at a distinct financial disadvantage to their counterparts in other industries.

  • New York Issues Guidance on How to Report the Decoupling from the CARES Act on the Personal Income on Tax Forms IT-201, IT-203, IT-204 and IT-205
    Jan 4, 2021

    Ever since New York decoupled from the Coronavirus Aid, Relief, and Economic Security (CARES) Act in the 2020/21 Budget Act, tax practitioners have been asking how one reports a taxpayer’s income as required under the decoupling. This confusion arose because when the decoupling was enacted, no new Tax Law §§ 612(b) additions & 612(c) subtractions were enacted. However on Forms IT-201, IT-203, IT-204 and IT-205, taxpayers are still required to list the taxable items that comprise their taxable Federal adjusted gross income (AGI). Due to the decoupling from the CARES Act, these items may not be the same for New York.

  • PPP Loan Forgiveness Update
    Jan 4, 2021
    In response to COVID-19, the Coronavirus Aid, Relief and Economic Security (CARES) Act was enacted whereby Paycheck Protection Program (PPP) e-loans made from February 15, 2020 to August 8, 2020 may be forgiven. The cancelled debt will be excluded from income under Reg. 1.265.1. Taxpayers cannot deduct expenses that are allocable to income, whether they are excluded from income or exempt from taxes. The IRS has previously determined that businesses whose PPP loans are forgiven cannot deduct business expenses paid for by the loan.
  • SALT Business: A Glimpse in the Eye of the Pandemic
    Jan 4, 2021
    There has been no shortage of excitement in the State and Local Tax (SALT) world this year. Between state-issued COVID-19 guidance, federal stimulus efforts, and the ever-changing landscape of income sourcing and nexus rules, individuals and multistate businesses are struggling to remain tax compliant. In this article, we will focus on some of the hot topics in state and local tax this year, and touch upon some of the big shifts occurring during the pandemic.