Latest Articles

  • Although Busy Season Is Still Tough, Some Support Strategies Are Working to Alleviate the Pressure

    By:
    Emma Slack-Jorgensen
    |
    Aug 18, 2025
    A new survey from Distinct captures the reality of busy season for public accountants in 2025, and while long hours and stress remain common, mid-career professionals are feeling the pressure most.
  • Regulatory Roundup: Aug. 12-18

    By:
    Karen Sibayan
    |
    Aug 18, 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.
  • What the One Big Beautiful Bill Act Means for Individual Taxpayers

    By:
    Emma Slack-Jorgensen
    |
    Aug 14, 2025

    The recently passed One Big Beautiful Bill Act makes several key changes for individual taxpayers, many of which build on or make permanent provisions from the Tax Cuts and Jobs Act.  

  • GAO Urges IRS to Repair Broken Kiosks at Taxpayer Assistance Centers

    By:
    Karen Sibayan
    |
    Aug 14, 2025
    In a new report from the U.S. Government Accountability Office, the agency suggested that the IRS conduct a study to find out if a new kiosk program that utilizes updated technology or deploys laptops to Tax Assistance Centers, would provide effective and efficient self-service options for taxpayers.
  • Court Strikes Blow as NY, NJ Lose Chance to Keep  SALT Cap Workarounds Alive

    By:
    Karen Sibayan
    |
    Aug 13, 2025
    New York and New Jersey were not able to take down the Treasury Department's ban on programs permitting residents of these states to circumvent the federal SALT cap by directing their tax payments to state-run charities and utilizing a more generous deduction.
  • Growth Opportunities for Accounting Firms on the Horizon

    By:
    Karen Sibayan
    |
    Aug 13, 2025
    Firms the have the most revenue growth in the last year expect many opportunities to open on the horizon for them and those who want to work for them.
  • GAO to IRS: Boost Public Education Efforts on Tax Credits

    By:
    Karen Sibayan
    |
    Aug 12, 2025

    In an Aug. 2025 report, the U.S. Government Accountability Office is suggesting that IRS develop a comprehensive educational outreach plan for tax credit that covers identifying key stakeholders while establishing clear and consistent messaging.

  • IRS Clarifies It Will Share Appeals Case Memorandums Upon Taxpayer Request

    By:
    Karen Sibayan
    |
    Aug 12, 2025

    Responding to years of advocacy and mounting concern, the IRS recently issued internal guidance telling its staff that they should share Appeals Case Memorandums with taxpayers upon an informal request.

  • Payroll Departments Brace for Overtime and Benefits Questions Under New Tax Law

    By:
    Emma Slack-Jorgensen
    |
    Aug 11, 2025
    The One Big Beautiful Bill Act is creating a wave of questions for payroll teams, HR departments, and employees, especially around its new overtime deduction. 
  • 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.