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Gov. Hochul Signs Non-CPA Ownership Bill into Law
Read the May/June 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

  • Billy Long Is Confirmed as IRS Commissioner

    By:
    Karen Sibayan
    |
    Jun 12, 2025
    On July 12, ex-U.S. Rep. Billy Long of Missouri was confirmed as commissioner of the IRS, giving the tax agency a permanent head following after months of acting leaders and massive staffing cuts, 

  • Senate Weighs $30,000 SALT Deduction Cap in Tax Bill Negotiations

    By:
    Emma Slack-Jorgensen
    |
    Jun 12, 2025
    As the Senate takes up President Trump’s sweeping tax bill, Republican senators are eyeing a new compromise on one of the most contentious provisions: the cap on the state and local tax (SALT) deduction. 

  • IRS Budget to Decrease 37% in 2026 from 2025, Proposes a 20% Decrease in Employees

    By:
    Karen Sibayan
    |
    Jun 11, 2025
    The IRS budget would dip 37% from fiscal year 2025 to fiscal year 2026 and the number of IRS employees would drop 20% over the same period, based on the Treasury's annual Congressional Budget Justification report.

  • IRS Updates Automatic Method Change List in New Guidance

    By:
    Emma Slack-Jorgensen
    |
    Jun 11, 2025

    The IRS on Jun, 9 issued Rev. Proc. 2025-23, updating the list of tax accounting method changes eligible for automatic consent under the existing procedures laid out in Rev. Proc. 2015-13 and its subsequent modifications. 

  • AICPA's Koziel: Why the Profession Sees More Opportunity Than Risk

    By:
    Emma Slack-Jorgensen
    |
    Jun 10, 2025
    Despite industry concerns, from regulatory uncertainty to staffing shortages, AICPA President and CEO Mark Koziel says the outlook for accountants remains strong.

  • Important NYCPA-Backed Bills Near Passage in New York Legislature

    By:
    Jovan C. Richards and Karen Sibayan
    |
    Jun 9, 2025

    On June 9, two of NYCPA's key legislative initiatives--e-signature expansion and additional pathways to licensure-- reached a big milestone when they both passed unanimously in the New York State Assembly. The progress of these bills marks the success of NYCPA's legislative efforts, which the Society steadfastly promoted and supported.

  • Represent New York State on the AICPA Council: A Call for Statements of Interest

    By:
    Bill Dresnack, NYCPA Secretary/Treasurer
    |
    Jun 9, 2025
    In October 2025, the NYCPA Board of Directors will submit the names of four individuals to the AICPA’s Nominations Committee, which nominates members for election to the AICPA Council. Those nominees, once duly elected, will each serve three-year terms, beginning May 2026, on the approximately 265-person governing council.

  • AICPA, 53 State Societies Urge Senate to Preserve PTET SALT Deduction

    By:
    Emma Slack-Jorgensen
    |
    Jun 9, 2025
    The AICPA and 53 CPA societies are urging the Senate to reject a provision in the House’s One Big Beautiful Bill Act that would limit the passthrough entity tax (PTET) deduction for specified service trades or businesses (SSTBs), including accounting firms.

  • Regulatory Roundup: June 3 - 9

    By:
    Karen Sibayan
    |
    Jun 9, 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.

  • Nominating Committee Seeks Members for 2025

    By:
    Bill Dresnack, NYCPA Secretary/Treasurer
    |
    Jun 6, 2025

    Are you interested in helping to select who will serve on next year’s NYCPA Board of Directors? If so, consider serving on the Society’s Nominating Committee.

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