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Latest Articles

  • Private Equity in Accounting Enters a New Phase

    By:
    Emma Slack-Jorgensen
    |
    Jun 4, 2025
    The first generation of private equity deals in accounting is approaching its inflection point. With holding periods ending, early movers like Citrin Cooperman and EisnerAmper are either flipping to new investors or nearing their exit windows.

  • IRS Offers Temporary Simplified Method for Corporate AMT

    By:
    Emma Slack-Jorgensen
    |
    Jun 3, 2025
    Corporations navigating the new corporate alternative minimum tax (CAMT) now have the option to calculate their liability using a simplified method for tax year 2025, according to interim guidance released by the IRS last week.

  • NYCPA Elects New Board Members, Honors Award Recipients, and More at 2025 Annual Meeting

    By:
    Jessica Salerno-Shumaker
    |
    Jun 3, 2025
    At the May 29 NYCPA Annual Meeting and Installation Dinner, members gathered in Manhattan to elect a new slate of officers for the coming fiscal year, recognize Society award winners, vote on proposed bylaws, and celebrate a year of progress for the Society.  

  • Withum Acquires PKF Texas, Adding Expertise in Energy and Oilfield Services

    By:
    Karen Sibayan
    |
    Jun 3, 2025
    Withum announced that on June 1, Pannell Kerr Forster of Texas, P.C. (PKF Texas), a public accounting, tax and business advisory firm headquartered in Houston, Texas, joined its practice with Withum, 

  • AICPA Pushes for Key Changes in Senate Version of Tax Bill

    By:
    Emma Slack-Jorgensen
    |
    Jun 2, 2025
    As the Senate takes up President Trump’s wide-ranging tax legislation, the American Institute of CPAs is pushing for revision to several provisions that could significantly affect accounting firms and other service-based businesses

  • Regulatory Roundup: May 27-June 2

    By:
    Karen Sibayan
    |
    Jun 2, 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

  • Federal Appeals Court Temporarily Stops Injunction on Trump's Tariffs

    By:
    Emma Slack-Jorgensen
    |
    May 30, 2025
    A federal appeals court issued a temporary stay on May 29, pausing an injunction from U.S. Court of International Trade that would have blocked much of President Trump's "Liberation Day" tariffs. The ruling means the tariffs remain in effect for now.

  • IRS Retreats on Basis-Shifting Rule, but Questions Remain

    By:
    Emma Slack-Jorgensen
    |
    May 29, 2025

    The IRS’s proposal to withdraw a Biden-era rule targeting partnership basis-shifting transactions is being met with cautious approval from tax professional, but the door isn’t fully closed. 

  • IRS Hotline Sees Improvement, But CPAs Remain Wary of the Road Ahead

    By:
    Emma Slack-Jorgensen
    |
    May 28, 2025
    This year’s tax season saw measurable improvements in IRS hotline service, according to an AICPA survey. However, members are still uneasy about the agency’s long-term direction. 

  • More States Pass Legislation to Add Pathways to CPA Licensure

    By:
    Karen Sibayan
    |
    May 28, 2025
    Illinois and Minnesota have adopted legislation to advance additional pathways to CPA licensure. New Jersey's assembly has also approved a similar bill that has now been sent to the Senate. Currently, there are at least 27 states that have either adopted or have pending legislation creating additional pathways to licensure. 
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