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The Trusted Professional | NYSSCPA

 
 
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Firms Adapt to Changed Landscape for Clients, Revenue

Read the Sept/Oct Issue
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Promotions Continue, Even During Pandemic
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Dynamic Audit Solution: Transforming Audits
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NYS Enacts Recreational Cannabis Legalization

Latest Articles

  • 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.

  • CBO Projects Historic Rise in Debt Over Next Three Decades

    By:
    S.J. Steinhardt
    |
    Jun 29, 2023

    The federal debt is expected to grow over the next 30 years to historic levels, eventually reaching 181 percent of the country’s gross domestic product (GDP), the nonpartisan Congressional Budget Office (CBO) forecast in its 2023 Long-Term Budget Outlook.

  • Senate Bill Aims to Ensure Marriage Equality Under Tax Code

    By:
    S.J. Steinhardt
    |
    Jun 29, 2023

    Sens. Ron Wyden (D-Ore.) and Susan Collins R-Maine) have reintroduced bipartisan legislation to eliminate gender-specific spousal references in the Tax Code and to protect LGBTQ+ Americans from discrimination.

  • OIG Report: SBA Defrauded of More Than $200 Billion in COVID-19 Funds

    By:
    S.J. Steinhardt
    |
    Jun 28, 2023
    More than $200 billion in COVID-19 Pandemic Economic Injury Disaster Loans (EIDL) and Paycheck Protection Program (PPP) loans has been stolen or otherwise disbursed to fraudsters, the Small Business Administration (SBA)’s Office of the Inspector-General (OIG) found.

  • FASB Proposes Changes to Purchased Financial Assets Accounting

    By:
    S.J. Steinhardt
    |
    Jun 28, 2023
    The Financial Accounting Standards Board (FASB) proposed an accounting standards update to improve the accounting treatment for purchased financial assets.

  • PCAOB Proposes New Rules for Technology Use by Auditors

    By:
    S.J. Steinhardt
    |
    Jun 27, 2023
    The Public Company Accounting Oversight Board (PCAOB) has proposed amendments to its current standards on the use of technology by auditors.

  • International Sustainability Standards Board Issues First Two Standards

    By:
    S.J. Steinhardt
    |
    Jun 27, 2023
    The International Sustainability Standards Board (ISSSB) has finalized its first two standards, one on climate-related disclosures and the other on general sustainability-related disclosures.

  • Regulatory Roundup: June 21-26

    By:
    S.J. Steinhardt
    |
    Jun 26, 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.

  • COVID-19 Guidance for High-Deductible Health Plans Rescinded

    By:
    S.J. Steinhardt
    |
    Jun 26, 2023
    In response to the end of the COVID-19 public health emergency, the U.S. Department of the Treasury and the IRS have issued a notice to rescind pandemic-era guidance that allowed high-deductible health plans (HDHPs) to cover COVID costs.

  • High Interest Rates Prime Reason for Uptick in Corporate Bankruptcies and Defaults This Year

    By:
    S.J. Steinhardt
    |
    Jun 26, 2023
    There have been 41 corporate defaults in the United States so far this year, more than double the number during the same period last year, and the reasons for the increase vary.
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