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  • IRS Releases Final Regulations on Catch-Up Contributions Under SECURE 2.0 Act

    By:
    Karen Sibayan
    |
    Sep 17, 2025
    The IRS has released final regulations offering guidance for retirement plans that allow participants who have reached 50 to make added elective deferrals considered as catch-up contributions.

  • IRS Drafts Schedule 1-A to Combine Four New Deductions

    By:
    Emma Slack-Jorgensen
    |
    Sep 16, 2025
    The IRS has released a draft of Schedule 1-A (Form 1040), a single worksheet that gathers four deductions created by H.R. 1, P.L. 119-21 (the One Big Beautiful Bill Act) into one place.

  • AICPA Solicits Comments on Administrative Peer Review Proposal for PE-Backed Firms

    By:
    Karen Sibayan
    |
    Sep 16, 2025

    AICPA's Peer Review Board is asking for public comment on its amended peer review program that would centralize conducting peer reviews of firms that operate under alternative practice structures  such as those with investments in private equity.

  • Regulatory Roundup: Sept. 9-15

    By:
    Karen Sibayan
    |
    Sep 15, 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.

  • PCAOB Issues Guidance on Broker-Dealer Exemption Report Reviews

    By:
    Emma Slack-Jorgensen
    |
    Sep 12, 2025
    The PCAOB has released a staff publication for auditors of SEC-registered broker-dealers who perform review engagements on exemption reports.

  • CPA Firms Report Gains in Revenue, Profit, and Pay

    By:
    Emma Slack-Jorgensen
    |
    Sep 11, 2025
    The AICPA’s 2025 National Management of an Accounting Practice Survey points to steady growth across firms of all sizes.

  • OBBBA Changes Educator Deduction in 2026

    By:
    Emma Slack-Jorgensen
    |
    Sep 10, 2025
    Beginning in 2026 tax year, the One Big Beautiful Bill Act changes how K-12 educators deduct unreimbursed classroom costs. The law removes the $300 annual cap but moves the deduction to Schedule A, which means it will only benefit taxpayers who itemize. 

  • IRS Plans to Close Nine Taxpayer Assistance Centers on Nov. 30

    By:
    Emma Slack-Jorgensen
    |
    Sep 10, 2025
    The IRS has notified Congress that it plans to close nine in-person Taxpayer Assistance Centers in six states on Nov. 30 as part of cost-cutting moves.

  • State Boards Confront Private Equity’s Accounting Footprint

    By:
    Emma Slack-Jorgensen
    |
    Sep 8, 2025
    State regulators are working to keep pace with private equity-backed firms that are testing the edges of long-standing ownership and independence rules, and the concern is not abstract.

  • Regulatory Roundup: Sept. 2-8

    By:
    Karen Sibayan
    |
    Sep 8, 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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