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Latest Articles

  • Regulatory Roundup: July 1-7

    By:
    S.J. Steinhardt
    |
    Jul 7, 2023

    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.

  • Credit Unions Resilient Despite Recent Banking Sector Turmoil

    By:
    S.J. Steinhardt
    |
    Jul 7, 2023
    Credit unions—and not just large financial institutions such as JPMorgan Chase and Bank of America—benefited from the recent collapse of some regional banks.
  • IRS Committee Makes 26 Recommendations to Improve Taxpayer Experience, Including Updating 1099-K and Its Instructions

    By:
    Ruth Singleton
    |
    Jul 6, 2023
    The IRS Electronic Tax Administration Advisory Committee (ETAAC), in its 2023 Annual Report to Congress, has made a series of recommendations "for improving the taxpayer experience and reinforcing IRS accountability." The report makes a total of 26 recommendations, including one addressing the lower threshold amounts for Form 1099-K.
  • EY Survey: 96% of Businesses Are Transforming Tax and Operating Models

    By:
    Ruth Singleton
    |
    Jul 5, 2023
    An Ernst & Young survey of 1,600 tax and financial professionals found that 96 percent of businesses are transforming their tax and operating models, whether by building their own capabilities, outsourcing key functions to
    third-party vendors or some combination of the two.
  • Farewell to LIBOR

    By:
    S.J. Steinhardt
    |
    Jun 30, 2023
    After decades of transition, the London Interbank Offered Rate (LIBOR) will cease to be published as of next week.
  • Regulatory Roundup: June 27-30

    By:
    S.J. Steinhardt
    |
    Jun 30, 2023

    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.

  • Marie Elaine Gioiosa Hailed As ‘an Exceptional Accounting Educator Who Always Has Her Students’ Best Interests in Mind’

    By:
    S.J. Steinhardt
    |
    Jun 30, 2023
    Marie Elaine Gioiosa’s dedication to her students—as an associate professor of accounting at Iona University—has inspired them to enjoy rewarding careers. In her years of teaching, she has instilled in them a passion for accounting, just as one mentor did for her. She is this year’s winner of the Dr. Emanuel Saxe Outstanding CPA in Education Award.
  • Shari Berk Praised as the ‘Glue’ Who Keeps the Rockland Chapter, and Its Events, Running

    By:
    S.J. Steinhardt
    |
    Jun 30, 2023
    Shari E. Berk, the winner of this year’s Outstanding CPA in Chapter Service Award, has been actively involved in the Rockland Chapter since the mid-1990s, almost single-handedly managing its events and CPE sessions.
  • Rumbi Bwerinofa-Petrozzello Honored As Society’s First Recipient of DEI Champion award

    By:
    S.J. Steinhardt
    |
    Jun 30, 2023
    As if it weren’t enough for Rumbi Bwerinofa-Petrozzello to become the first Black woman president of the NYSSCPA in its 125-year history, she did so just at the peak of the COVID-19 pandemic. That did nothing to thwart her plans to help to diversify the accounting profession, in which 2 percent of CPAs are Black. As a tribute to her many efforts at making the profession more welcoming to members of historically excluded communities, she is the first recipient of the NYSSCPA’s Diversity, Equity and Inclusion Champion Award.
  • Philip London Is Serving the Society and Profession by ‘Performing Miracles in His Advocacy Work’

    By:
    S.J. Steinhardt
    |
    Jun 30, 2023
    Philip J. London, the winner of the Distinguished Service Award, has served in recent years as an NYSSCPA mainstay in lobbying in Albany for its members and the profession. He has achieved legislative and regulatory victories by building relationships with a succession of New York state taxation commissioners, as well as several members of the New York State Legislature.