The Trusted Professional | NYSSCPA

 
 
Gov. Hochul Signs Non-CPA Ownership Bill into Law
Read the Latest Issue
IRS to Waive $1B in Some Late Payment Penalties
2024 to Be a Demanding Year for Internal Auditors
SEC OKs Audit Confirmation Standards

Latest Articles

  • IRS Criminal Investigation Shifts Focus Amid Budget Cuts and Changing Priorities

    By:
    Emma Slack-Jorgensen
    |
    Jun 25, 2025

    The IRS Criminal Investigation unit is shifting its focus. While its resources and staffing grew significantly between 2019, thanks in part to a $201 million budget increase, its investigative focus has shifted. According to a recent Treasury Inspector General for Tax Administration report, traditional tax fraud cases have declined slightly in proportion, even as overall investigations have grown. 

  • GASB Offers Guidance for Stakeholders Applying Its Pronouncements

    By:
    Karen Sibayan
    |
    Jun 24, 2025
    The Governmental Accounting Standards Board on Jun. 23  issued implementation guidance in the form of questions and answers meant to clarify and elaborate on certain GASB pronouncements.

  • Baker Tilly and Moss Adams: It’s Not About Getting Bigger

    By:
    Emma Slack-Jorgensen
    |
    Jun 24, 2025
    When two Top 25 firms merge, size is the obvious headline. But for Baker Tilly and Moss Adams, the story isn’t about getting bigger, it’s about getting better. 

  • PCAOB's Shutdown Faces Challenge in Senate

    By:
    Karen Sibayan
    |
    Jun 23, 2025
    Despite GOP lawmakers' proposal to shut down the PCAOB and fold its function into the SEC, the Senate parliamentarian determined that including the provision in a larger tax bill is against budget reconciliation rules.

  • Regulatory Roundup: June 17- 23

    By:
    Karen Sibayan
    |
    Jun 23, 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 Makes a Nod to Senate for Its Efforts to Improve House Bill

    By:
    Karen Sibayan
    |
    Jun 20, 2025
    After the Senate released the reconciliation bill, the AICPA has enumerated the specific provisions that it supports. The Senate bill includes several provisions that the AICPA has previously supported.

  • Lawyers Warn That Splitting DOJ's Tax Division Would Lead to Weaker Enforcement

    By:
    Karen Sibayan
    |
    Jun 18, 2025
    The Department of Justice's proposal to split its tax division is  another indication that enforcement will decline, lawyers warned

  • SEC Appoints Kurt Hohl as Its New Chief Accountant

    By:
    Karen Sibayan
    |
    Jun 18, 2025
    The SEC has announced that Kurt Hohl—who has close to four decades of accounting and auditing experience—has been named  the regulator's chief accountant, effective Jul. 7.

  • Senate GOP Eyes $30K SALT Cap as Talks Continue

    By:
    Emma Slack-Jorgensen
    |
    Jun 17, 2025
    Senate Republicans are weighing a new $30,000 cap on the state and local tax (SALT) deduction, a potential compromise between the $10,000 cap and the $40,000 threshold included in the House-passed version of the bill, now under Senate review.

  • Profits Are Up for Accounting Firms; So Are Expectations

    By:
    Emma Slack-Jorgensen
    |
    Jun 16, 2025
    Accounting firms are reporting stronger numbers across the board. Nearly three-quarters of firms saw increased profits over the past year, and more than half gained new clients. This growth is driven largely by operational improvements and expanded services. 
Page

Trending Articles