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)
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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

  • Senate Passes Tax Bill Raising SALT Deduction

    By:
    Karen Sibayan
    |
    Jul 1, 2025
    The U.S. Senate on Jul. 1 passed Donald Trump’s $3.3 trillion tax bill after leaders of the Republican party were able to persuade holdouts to back the legislation. The Senate bill would raise the state and local tax deduction to $40,000 from $10,000 until 2029.

  • Senate Budget Bill Would Keep SALT Deduction, Reshape Other Key Tax Rules

    By:
    Emma Slack-Jorgensen
    |
    Jun 30, 2025
    Senate Republicans are working to keep a higher state and local tax (SALT) deduction in their budget bill a major move after months of back-and-forth. The Senate's updated version would raise the SALT cap to $40,000 and adjust for inflation, a measure the AICPA has strongly supported for maintaining consistency between pass-throughs and corporations.

  • Regulatory Roundup: June 24 - 30

    By:
    Karen Sibayan
    |
    Jun 30, 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.

  • Pennsylvania Poised to Expand CPA Licensure Pathways

    By:
    Emma Slack-Jorgensen
    |
    Jun 27, 2025
    Pennsylvania is on the brink of reshaping how future CPAs can enter the profession. On June 26, the state House of Representatives unanimously approved legislation creating an additional licensure path, offering more flexibility to the traditional 150-hour route.

  • IRS Faces Ongoing Backlog in Identity Theft

    By:
    Emma Slack-Jorgensen
    |
    Jun 26, 2025

    The IRS continues to face major challenges in resolving identity theft-related tax return issues. As of April 15, roughly 387 identity theft cases remain unresolved, with average resolution times stretching to nearly 20 months. 

  • Taxpayer Advocate Flags Staffing Cuts and Suggests Tech Upgrades Ahead of 2026 Filing Season

    By:
    Emma Slack-Jorgensen
    |
    Jun 26, 2025
    The National Taxpayer Advocate’s latest report to Congress paints a mostly positive picture of the 2025 tax filing season, but warns of real risks ahead. 

  • IRS Criminal Investigation Shifts Focus Amid Budget Cuts and Changing Priorities

    By:
    Emma Slack-Jorgensen
    |
    Jun 25, 2025

    The IRS Criminal Investigation unit is shifting its focus. While its resources and staffing grew significantly between 2019, thanks in part to a $201 million budget increase, its investigative focus has shifted. According to a recent Treasury Inspector General for Tax Administration report, traditional tax fraud cases have declined slightly in proportion, even as overall investigations have grown. 

  • GASB Offers Guidance for Stakeholders Applying Its Pronouncements

    By:
    Karen Sibayan
    |
    Jun 24, 2025
    The Governmental Accounting Standards Board on Jun. 23  issued implementation guidance in the form of questions and answers meant to clarify and elaborate on certain GASB pronouncements.

  • Baker Tilly and Moss Adams: It’s Not About Getting Bigger

    By:
    Emma Slack-Jorgensen
    |
    Jun 24, 2025
    When two Top 25 firms merge, size is the obvious headline. But for Baker Tilly and Moss Adams, the story isn’t about getting bigger, it’s about getting better. 

  • PCAOB's Shutdown Faces Challenge in Senate

    By:
    Karen Sibayan
    |
    Jun 23, 2025
    Despite GOP lawmakers' proposal to shut down the PCAOB and fold its function into the SEC, the Senate parliamentarian determined that including the provision in a larger tax bill is against budget reconciliation rules.
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