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IRS to Waive $1B in Some Late Payment Penalties
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Latest Articles

  • 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. 

  • IRS Outlines Steps to Resume Normal Operations After Shutdown

    By:
    Emma Slack-Jorgensen
    |
    Nov 25, 2025
    The IRS said on Nov. 21 that it has resumed normal operations now that the federal government shutdown has ended. Although some essential activities continued during the shutdown, most activity significantly slowed after the first week after the government closed.

  • Hochul Signs CPA Licensure Pathway Bill, Capping a Strong Year of Advocacy for the NYCPA

    By:
    Emma Slack-Jorgensen
    |
    Nov 24, 2025
    New York has officially ratified a major update to CPA licensure. Governor Kathy Hochul has signed into law A.7613 (Peoples-Stokes) / S.6892 (Stavisky), making way for an additional pathway to CPA licensure.

  • Treasury Set to Change Rules on Tax Credit Eligibility for Certain Immigrants

    By:
    Karen Sibayan
    |
    Nov 24, 2025
    On Nov. 20, the US Treasury Department said that it will be issuing regulations on the treatment of certain refundable individual income tax credits under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996. 

  • Regulatory Roundup: Nov. 18-24

    By:
    Karen Sibayan
    |
    Nov 24, 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

  • FASB's Review of Leases Identifies High Costs and Varied Outcomes for Lessees

    By:
    Emma Slack-Jorgensen
    |
    Nov 21, 2025
    FASB has issues a post-implementation review of ASC 842, taking an extended look at how the leases standard has worked since its initial release in 2016.

  • NASBA and AICPA Solicit Comments on Revised CPE Standards

    By:
    Emma Slack-Jorgensen
    |
    Nov 21, 2025
    The AICPA and NASBA are seeking public comment on proposed revisions to the continuing professional education standards, part of an ongoing effort to maintain CPE current with how CPAs learn and practice today.
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