The Trusted Professional | NYSSCPA

 
 
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CPA Evolution Aims for Radical Rethinking of Profession
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Read the Summer/Fall 2020 Issue (pdf)
Read our latest issue!
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No Change to Ethics CPE in January 2020
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SEC Seeks to Change Auditor Independence Rules
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First Mazars Female Partner Speaks on Diversity

Latest Articles

  • IRS' Direct File Program Could Be Axed Soon

    By:
    Karen Sibayan
    |
    Apr 17, 2025
    The Trump administration is set to eliminate the IRS’ Direct File program. The program is a free electronic system for filing tax returns directly to the agency. 

  • Tax Day Comes and Goes Despite Layoffs and Technology Delays at the IRS

    By:
    Emma Slack-Jorgensen
    |
    Apr 17, 2025
    Amidst the sweeping layoffs, resignations and stalled modernization layoffs, the IRS marked the 70th anniversary of the modern Tax Day on April 15.

  • NFIB Urges Treasury to Destroy Millions of BOI Records

    By:
    Emma Slack-Jorgensen
    |
    Apr 16, 2025
    After a complete overhaul in the federal reporting rules regarding beneficial ownership information (BOI), the National Federation of Independent Business is now requesting the Treasury Department erase the BOI filings that have unnecessarily been submitted by domestic entities.

  • Why DEI Is Shifting Into a More Cautious Mode

    By:
    Emma Slack-Jorgensen
    |
    Apr 16, 2025
    Diversity, equity and inclusion (DEI) programs may be disappearing from headlines, but that doesn’t mean the work is disappearing from accounting firms.

  • Accounting STEM Legislation Reintroduced in U.S. Congress

    By:
    Karen Sibayan
    |
    Apr 16, 2025

    This week U.S. Representatives Young Kim (CA-40) and Haley Stevens (MI-11) reintroduced a bill that will allow accounting to be recognized as a STEM field. The legislation is called Accounting STEM Pursuit Act of 2025 (H.R. 2911).

  • Why DEI Is Shifting Into a More Cautious Mode

    By:
    Emma Slack-Jorgensen
    |
    Apr 15, 2025
    Diversity, equity and inclusion (DEI) programs may be disappearing from headlines, but that doesn’t mean the work is disappearing from accounting firms. With political pressure mounting—especially after executive orders from the Trump administration—firms like Deloitte and KPMG are scaling back public-facing DEI initiatives.

  • Many Participating States See Less Taxpayers Using the IRS Direct File Program

    By:
    Karen Sibayan
    |
    Apr 15, 2025
    States that formed partnerships with the IRS to provide its Direct File program are experiencing minimal demand for the program so far in 2025. However, few eligible taxpayers have yet to take advantage of the option ahead of today's April 15 deadline to submit returns, based on data from many state tax departments.

  • Trump Signs Legislation Halting IRS Tax Rule on Crypto

    By:
    Karen Sibayan
    |
    Apr 14, 2025
    President Donald Trump has signed legislation to stop the IRS rule that would have compelled some cryptocurrency brokers to offer tax information about transactions on their platforms. The legislation is widely seen as a win for the crypto industry.

  • FASB Votes for Proposed Update to GAAP Derivates Standards

    By:
    Karen Sibayan
    |
    Apr 14, 2025
    The Financial Accounting Standards Board last week voted for a proposed update to generally accepted accounting principles standards for derivatives that will be effective in less than a year.

  • Regulatory Roundup: April 8-14

    By:
    Karen Sibayan
    |
    Apr 14, 2025
    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.
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