Latest Articles

  • Regulatory Roundup: Aug. 5-11

    By:
    Karen Sibayan
    |
    Aug 11, 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.
  • IRS Shake-Up: Bessent Steps in as IRS Head After Trump Ousts Long

    By:
    Karen Sibayan
    |
    Aug 8, 2025
    On Aug. 8, President Donald Trump removed IRS Commissioner Billy Long from his position. Long will be replaced on a temporary basis by Treasury Secretary Scott Bessent.
  • IRS: No Changes to 2025 Individual Information Returns or Withholding Tables Under the OBBBA

    By:
    Karen Sibayan
    |
    Aug 8, 2025

    On Aug. 8, the IRS said that, with its phased implementation of the One Big Beautiful Bill Act (OBBA), there will be no changes to certain information returns or withholding tables for Tax Year 2025 that are related to the new law.

  • New Stablecoin Law Raises Big Tax Questions

    By:
    Emma Slack-Jorgensen
    |
    Aug 7, 2025

    The recently signed GENIUS Act lays out the first formal regulatory framework for stable coins, a form of cryptocurrency pegged to the U.S. dollar or Treasuries, but leaves a lot of unanswered questions when it comes to tax. 

  • SEC Releases Guidance Clarifying Stablecoin Accounting

    By:
    Karen Sibayan
    |
    Aug 6, 2025
    The SEC has added onto its initial cryptocurrency accounting rules by publishing fresh staff guidance that certain stablecoins are to be treated as cash.
  • AICPA Asks IRS, Treasury for Immediate Guidance on Domestic Research Costs in the OBBA

    By:
    Karen Sibayan
    |
    Aug 5, 2025
    On Jul. 31, the AICPA sent a letter to both the IRS and Treasury on the recently enacted section 174A related to domestic research and experimental expenditures in the One Big Beautiful Bill Act.
  • Tariff Guidance Released by Trump Administration

    By:
    Karen Sibayan
    |
    Aug 5, 2025
    President Donald Trump’s expanded reciprocal tariffs are not going to apply to any products that were loaded onto a vessel for transport into the U.S. prior to Aug. 7 based on guidance issued by U.S. Customs and Border Protection.

  • In Another Accounting PE Deal, Wipfli LLP Secures Large Investment From New Mountain Capital

    By:
    Karen Sibayan
    |
    Aug 4, 2025
    On Aug. 1, middle market provider of accounting, tax and advisory services Wipfli LLP said that it entered into a definitive agreement for a significant minority investment from New Mountain Capital, an investment firm with roughly $55 billion in assets under management.
  • Regulatory Roundup: July 29 - August 4

    By:
    Karen Sibayan
    |
    Aug 4, 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.
  • AICPA's Koziel's Take on Helping Clients Navigate the OBBBA

    By:
    Karen Sibayan
    |
    Aug 1, 2025
    AICPA President and CEO Mark Koziel weighs in on how CPAs can best help their clients after the One Big Beautiful Bill has been signed into law by President Donald Trump.