Attention FAE Customers:
Please be aware that NASBA credits are awarded based on whether the events are webcast or in-person, as well as on the number of CPE credits.
Please check the event registration page to see if NASBA credits are being awarded for the programs you select.

The Trusted Professional | NYSSCPA

 
 
Gov. Hochul Signs Non-CPA Ownership Bill into Law
Read the Nov/Dec 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 Increases Standard Mileage Rate for Automobiles Used for Business Next Year

    By:
    Karen Sibayan
    |
    Dec 20, 2024

    The IRS on Dec.19 stated that the optional standard mileage rate for automobiles that are driven for business will increase by 3 cents next year. Meanwhile, the mileage rates for vehicles utilized for other purposes will stay the same as 2024.

  • SEC Approves PCAOB's 2025 Budget and Accounting Support Fee

    By:
    Karen Sibayan
    |
    Dec 18, 2024
    The Securities and Exchange Commission (SEC) voted on Dec. 18 to approve the Public Company Accounting Oversight Board's (PCAOB) 2025 budget and the related annual accounting support fee.

  • FASB Seeks Input on Proposed Updates to Environmental Credits

    By:
    Karen Sibayan
    |
    Dec 17, 2024

    The Financial Accounting Standards Board (FASB) released a proposed Accounting Standards Update (ASU) on Dec. 17. This ASU is meant to improve the financial accounting for and disclosure of financial activities related to environmental credits and environmental credit obligations. Comments on the proposed ASU are due by April 15, 2025.

  • IRS Amends 'Coverage Month' Definition and Rules on Computing the Premium Tax Credit

    By:
    Karen Sibayan
    |
    Dec 17, 2024
    The IRS released final regulations on Dec. 17 amending the definition of “coverage month.” The agency also amended certain other rules in existing income tax regulations relating to the computation of an individual taxpayer’s premium tax credit. 

  • IRS' Werfel Discusses Enforcement and Technology Initiatives as Budget Cuts Loom

    By:
    Karen Sibayan
    |
    Dec 16, 2024
    According to IRS Commissioner Danny Werfel, the IRS announced a new enforcement campaign—even under the specter of significant cutbacks and with expected changes on the horizon given the incoming Trump administration. The IRS is also set to increase the features of the Tax Pro Account, Business Tax Account and Individual Online Account programs.

  • Regulatory Roundup: December 10 - 16

    By:
    Karen Sibayan
    |
    Dec 16, 2024
    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.

  • FinCEN: Reporting Firms Can Voluntarily Submit BOI Reports Despite CTA Injunction

    By:
    Karen Sibayan
    |
    Dec 13, 2024
    The Financial Crimes Enforcement Network (FinCEN) said recently that reporting companies may continue to submit beneficial ownership information reports voluntarily to FinCEN despite the preliminary injunction against the Corporate Transparency Act. 

  • PCAOB Releases Staff Report on 2025 Inspection Priorities

    By:
    Karen Sibayan
    |
    Dec 9, 2024
    On Dec. 9, the Public Company Accounting Oversight Board (PCAOB) inspectors released a staff report listing their priorities for 2025 inspections. The report outlines the key risks and considerations for auditors and questions for audit committees, among other items. 

  • Regulatory Roundup: December 3 - 9

    By:
    Karen Sibayan
    |
    Dec 9, 2024
    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.

  • Texas Federal Court Blocks Enforcement of Corporate Transparency Act Nationwide

    By:
    Karen Sibayan
    |
    Dec 4, 2024
    The Corporate Transparency Act and its implementing regulations, which mandate U.S. business entities report to the Treasury Department stakeholder information, were preliminarily blocked nationwide by a Texas federal court on Dec. 3. In a statement on the injunction, the AICPA reminded CPAs assisting clients with BOI reporting to remain prepared in the event that the injunction is lifted.
Page

Trending Articles