Latest Articles

  • FASB Issues Update on How Business Entities Should Account for Government Grants

    By:
    Karen Sibayan
    |
    Dec 4, 2025
    On Dec. 4, FASB released an Accounting Standards Update creating authoritative guidance on the accounting for government grants received by business entities.
  • Treasury, IRS Release Guidance Regarding Trump Accounts

    By:
    Karen Sibayan
    |
    Dec 3, 2025
    The Treasury Department and the IRS on Dec. 2 released a notice announcing upcoming regulations as well as offering guidance on Trump Accounts, which are a new type of individual retirement account for eligible children.
  • As Finance Roles Shift, CAOs Step Into a Strategic Leadership Lane

    By:
    Emma Slack-Jorgensen
    |
    Dec 3, 2025
    As CFOs continue to operate as strategic partners to the CEO, chief accounting officers are taking on a broader set of responsibilities that extend far beyond historical governance and compliance work.
  • Trump Signs IRS MATH Act Expanding Taxpayer Protections

    By:
    Emma Slack-Jorgensen
    |
    Dec 2, 2025
    President Donald Trump has signed the Internal Revenue Service Math and Taxpayer Help (MATH ACT) into law, one of the first bipartisan bills to enhance taxpayers’ rights and the clarity of IRS correspondence.
  • Understanding the Expectations Gap in Auditing

    By:
    Emma Slack-Jorgensen
    |
    Dec 2, 2025
    A new study from Tilburg University and the University of Wisconsin-Madison examines a question many firms have been asking quietly for years: how far apart are student expectations of audit work from the realities junior auditors experience?
  • IRS Requests Comment on New Scholarship Tax Credit Regulations

    By:
    Emma Slack-Jorgensen
    |
    Dec 1, 2025
    The IRS and Treasury Department are soliciting comments from the public regarding upcoming regulations related to a new federal tax credit for contributions to scholarship-granting organizations, established in the One Big Beautiful Bill Act. 
  • Regulatory Roundup: Nov. 25-Dec. 1

    By:
    Karen Sibayan
    |
    Dec 1, 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.
  • NY Assemblyman Wright Talks Youth Financial Literacy and Other Key Issues

    By:
    Karen Sibayan
    |
    Nov 26, 2025
    On Nov. 19, Jordan J.G. Wright, Assemblyman for New York’s 70th District in Harlem, came to the NYCPA office at 200 Madison Avenue and discussed a myriad of topics including financial literacy and the future of New York City under the new leadership of Mayor-Elect Zohran Mamdani.
  • Six Small Business Trends Accountants Should Watch in 2025

    By:
    Emma Slack-Jorgensen
    |
    Nov 26, 2025
    The 2025 Intuit QuickBooks Small Business Index Annual Report delved into how small businesses are navigating credit, employment, banking conditions, and technology adoption. For accountants, the results reveal various areas where client advisory work is expected to continue to expand in the coming year. 
  • AICPA, State Societies Urge Education Department to Recognize Accounting as a Professional Degree

    By:
    Emma Slack-Jorgensen
    |
    Nov 25, 2025
    The AICPA and state CPA societies are calling on the US Education Department to amend its proposed regulatory definition of “professional degree programs” to include accounting explicitly.