The Trusted Professional | NYSSCPA

 
 
evolution
CPA Evolution Aims for Radical Rethinking of Profession
cover2020_summer-fall
Read the Summer/Fall 2020 Issue (pdf)
Read our latest issue!
ethics20
No Change to Ethics CPE in January 2020
sec
SEC Seeks to Change Auditor Independence Rules
Lisa_Osofsky
First Mazars Female Partner Speaks on Diversity

Latest Articles

  • Supreme Court Ruling Paves Way for Deep IRS Workforce Cuts

    By:
    Emma Slack-Jorgensen
    |
    Jul 9, 2025
    The U.S. Supreme Court has cleared the way for President Donald Trump’s sweeping plan to reduce the federal workforce, lifting a block on mass layoffs across 19 federal agencies, including the IRS.

  • Wall Street’s Latest ETF Skips Dividends to Minimize Taxes

    By:
    Emma Slack-Jorgensen
    |
    Jul 8, 2025
    A new exchange-traded fund (ETF) set to launch this week is drawing attention not for what it includes, but for what it avoids—taxable dividends. Roundhill Investments is debuting the S&P 500 No Dividend Target ETF on Jul. 10.

  • The Big Beautiful Bill's Major Tax Provisions

    By:
    Emma Slack-Jorgensen
    |
    Jul 7, 2025
    On July 4, President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law, following narrow votes in both chambers.

  • Regulatory Roundup: July 1 - 7

    By:
    Karen Sibayan
    |
    Jul 7, 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 Lists Recommendations as Treasury, IRS Transition to Electronic Payment System

    By:
    Karen Sibayan
    |
    Jul 7, 2025
    In a letter sent to the Treasury Department, the AICPA gave recommendations on the implementation of Executive Order 14247, "Modernizing Payments To and From America’s Bank Accounts."

  • North Carolina Approves New Route to CPA Licensure

    By:
    Emma Slack-Jorgensen
    |
    Jul 3, 2025
    North Carolina has approved another route to CPA licensure. Governor Josh Stein signed Senate Bill 321, the Accounting Workforce Development Act, which will take effect Jan. 1, 2026. 

  • IRS Withdraws Proposed Regulation on Built-In Gains and Losses Under Section 382

    By:
    Emma Slack-Jorgensen
    |
    Jul 2, 2025

    The IRS has decided to step back from its proposed regulations on the treatment of built-in gains and losses under Section 382(h), officially withdrawing the rules this week.

  • New Global Ethics Standards Bring Tax Planning Back to First Principles

    By:
    Emma Slack-Jorgensen
    |
    Jul 2, 2025

    The International Ethics Standard Board for Accountants’ first global Ethics Standards on Tax Planning took effect Jul. 1, which establishes a new baseline for how accountants should approach tax planning decisions. 

  • 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.
Page

Trending Articles