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Joanne Barry Announces
Her Retirement

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The Trusted Professional

 

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What's New at the Society?

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 June/July 2021 Issue on

CPAJournal.com

As usual, our annual technology issue covers a number of current topics in the field that will impact the accounting profession. This year, many of our authors focused on blockchain and how its various applications may disrupt a variety of existing practices. Eric Cohen and Anthony Vinci tackle some of the common misperceptions about digital assets, such as the fact that there is no single universal blockchain and that despite their resiliency, no blockchain is totally immutable.

Read Now »

NextGen



The Trusted Professional

  • PCAOB Preview Report Finds Some Improvements in Audits but Also Persistent Deficiencies
    Oct 19, 2021
    The Public Company Accounting Oversight Board has issued a preview of its inspection report for 2020. The preview report made three key observations: The PCAOB continues to identify a number of deficiencies that recur from year to year; for most annually inspected audit firms, the PCAOB identified fewer findings in 2020 compared to its 2019 inspections (for triennially inspected audit firms, some improvements were noted, although deficiencies continue to remain high); and there was evidence of good practices that could be effective in enhancing audit quality.
  • Now You Can Join Mentor Match Through myNYSSCPA
    Oct 19, 2021
    Mentor Match links experienced professionals with members who have newly started their careers or are in a career transition. The program is a win-win for mentees, mentors and the profession. Whether you are looking forward to deepening your knowledge in the profession or recruiting and retaining top talent, Mentor Match acts as ongoing support throughout your career and continually improves your skills
  • IRS Announces Revamped Process for Updating FAQs for New Tax Legislation
    Oct 18, 2021
    The IRS  announced on Friday that it will update its process for posting frequently asked questions (FAQs) about new tax legislation in order to address concerns about transparency and how taxpayers are affected during this process.  The agency will also provide more clarity about the ability of taxpayers to rely on its FAQs to avoid penalties. 
  • Regulatory Roundup - Oct. 12-18
    Oct 18, 2021
    With so many regulators out here, it can be tough to keep track of all the decisions being made. This is the NYSSCPA'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.
  • Survey: Majority of Corporate Directors See ESG Reporting as Essential; Many Take Steps Toward Board Diversity
    Oct 15, 2021
    Almost two thirds of corporate board members endorse environmental, governance and social (ESG) reporting for their companies, according to PwC’s 2021 Annual Corporate Director’s Survey. Fully 64 percent say that ESG is linked to their company’s strategy, compared to only 49 percent last year. Yet only 25 percent say that their board understands ESG risks very well. In addition, an increasing number of directors say that diversity and inclusion (D&I) efforts are good for both their companies and boardrooms, and they recognize the need to build a culture of belonging. 

TaxStringer

  • New Planning Opportunities for Inherited IRAs
    Sep 30, 2021

    The impact of the SECURE Act of 2019 has created a game change for high-net-worth clients. The Setting Every Community Up for Retirement (SECURE) Act requires beneficiaries of inherited IRAs to withdraw all assets of the IRA account within 10 years in most cases. This can create a significant income event resulting in giving back most of the income tax benefits accumulated over the years. Additionally, post-death control and resulting lack of asset protection is greatly minimized.
  • Gift Tax Return Tips
    Sep 30, 2021
    Gift tax returns appear to be seductively simple. Failure to file a gift tax return timely and disclose transactions “in such return, or in a statement attached to the return, in a manner adequate to apprise the Secretary of the nature of such item” in accordance with regulations that impose specific requirements for “adequate disclosure” can delay the tolling of the statute of limitations.
  • College Tuition and the Pandemic Impact in New Jersey
    Sep 30, 2021

    On June 29, 2021, New Jersey Governor Phil Murphy signed P.L. 2021 Ch. 128, the New Jersey College Affordability Act (CAA). The CAA makes several changes to the gross income tax, the aim of which is to make a college education more affordable to New Jersey taxpayers.
  • Doing Business in New York: The Post-Pandemic Tax Landscape
    Sep 30, 2021
    Over the past 18 months or so, we’ve been writing and speaking about the ways in which the COVID-19 pandemic has precipitated or hastened many changes that businesses were already facing:  reimagining the workplace; relocating offices and their owners; and operating within an increasingly complex multistate tax and compliance landscape.