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.

Latest Articles

  • Taxpayer Advocate: IRS Should Use Scanning Technology to Process Paper Returns

    By:
    Ruth Singleton
    |
    Mar 30, 2022
    Taxpayer Advocate Erin Collins, in a blog post published Wednesday, urged the IRS to implement scanning technology to automate the processing of paper tax returns during the next filing season. She pointed to the agency’s “archaic data intake process,” involving manual transcription of paper returns, saying, “In the year 2022, this doesn’t just seem crazy. It is crazy.”
  • Treasury Dept. Outlines Administration's Proposed Tax Increases for Corporations and Very Wealthy

    By:
    Ruth Singleton
    |
    Mar 29, 2022
    The U.S. Department of the Treasury’s Fiscal Year 2023 revenue proposals, published in what is known as the “Greenbook,” include plans by the Biden administration to raise the corporate income tax rate to 28 percent and to impose a minimum income tax of at least 20 percent for extremely wealthy taxpayers. The administration would also close several loopholes used by high-income taxpayers, such as the carried interest preference and the like- kind exchange real estate preference.
  • Regulatory Roundup March 22-28

    By:
    Ruth Singleton
    |
    Mar 28, 2022
    With so many regulators out here, it can be tough to keep track of all the decisions being made. This is the NYSSCPA'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.
  • IRS Updates Its Guidance on Third-Round Economic Impact Payments

    By:
    Ruth Singleton
    |
    Mar 28, 2022
    The IRS has issued a revised fact sheet on the third round of Economic Impact Payments, the pandemic-related payments of $1,400 made to eligible individuals,authorized by the American Rescue Plan Act of 2021. 
  • Report: 57 Percent of American Households Paid No Income Tax in 2021

    By:
    Ruth Singleton
    |
    Mar 25, 2022
    A report by the Tax Policy Center has found that 57 percent of U.S. households paid no income tax last year because of COVID-19-related job losses, relief funds, tax credits and stimulus payments. The percentage rose from 44 percent pre-pandemic.  
  • TIGTA Report: IRS Should Make Changes to Remedy Inadequate Assistance to Taxpayers Over Tax Accounts

    By:
    Ruth Singleton
    |
    Mar 24, 2022
    The Treasury Inspector General for Tax Administration (TIGTA) recently issued a report following an audit initiated because of a backlog of over-aged Accounts Management inventory, which  has been an ongoing challenge for the IRS. Among its recommendations, TIGTA  urged the IRS to redirect tax account correspondence from its tax processing centers to its accounts management campus supports sites in order to expedite service to taxpayers. 
  • Report: Nearly 80 Percent of Global Accounting Firms Working on Advisory Services

    By:
    Ruth Singleton
    |
    Mar 23, 2022
    A report on global advisory trends issued by Spotlight Reporting found that nearly 80 percent of accounting firms are working on advisory services and that roughly 60 percent of firms earn between 10 and 50 percent of their revenue from advisory work. 
  • PCAOB Warns Auditing Firms About Risks of Using Outside Service Providers for Confirmations

    By:
    Ruth Singleton
    |
    Mar 22, 2022
    The PCAOB has issued a publication admonishing auditing firms about the importance of determining that they can rely on outside service providers’ processes and controls when such service providers are engaged to send and receive electronic audit confirmations. It noted that the service providers' technology should be able to mitigate the risks of interception or alteration.  
  • SEC Proposes Rule That Would Require Public Companies to Disclose Emissions

    By:
    Ruth Singleton
    |
    Mar 21, 2022
    On Monday, the Securities and Exchange Commission (SEC) announced a proposed rule that would require all publicly traded companies to disclose their greenhouse gas emissions and attendant risks in the financial statements that they submit to the agency. The proposed rule would be the first SEC rule to require emissions reporting.
  • Regulatory Roundup - March 15-22

    By:
    Ruth Singleton
    |
    Mar 21, 2022
    With so many regulators out here, it can be tough to keep track of all the decisions being made. This is the NYSSCPA'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.