Latest Articles

  • CBO Director Says IRS Enforcement Will Bring in Far Less Than What White House Projects

    By:
    Chris Gaetano
    |
    Nov 16, 2021
    The director of the Congressional Budget Office, a nonpartisan federal agency that scores legislation on its budget impacts, says that the plan to fund much of the reconciliation bill through increased IRS enforcement won't be as effective as the administration has said. 
  • Insurers Sweat as COVID-19 Lawsuits Grow in Size, Complexity

    By:
    Chris Gaetano
    |
    Nov 16, 2021
    So far, insurance companies have been quite successful at getting courts to side with them when sued by customers for pandemic-related claims. But while small mom-and-pop establishments trying to claim business interruption insurance were easy enough to bat down, insurers are now facing bigger lawsuits from giant companies with the legal firepower to potentially make them pay. 
  • NYS No Longer Accepting Most Rent Relief Applications

    By:
    Chris Gaetano
    |
    Nov 15, 2021
    New York state has formally closed its rent relief program for most areas of the state, shutting the online portal for new applications just last night, as it is said that all funds have now been spoken for. 
  • IRS Taxpayer Advocate Highlights New Offer in Compromise Policies

    By:
    Chris Gaetano
    |
    Nov 15, 2021
    The IRS Taxpayer Advocate Services (TAS) noted on its blog that the IRS, as of Nov. 1, has changed its Offer in Compromise (OIC) policies to make the process easier, after the TAS collaborated with the agency to make the program more favorable to taxpayers. 
  • Regulatory Roundup - Nov. 9-15

    By:
    Chris Gaetano
    |
    Nov 15, 2021
    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.
  • Report: Job Openings Exceed Number of Unemployed People

    By:
    Chris Gaetano
    |
    Nov 12, 2021
    Recent data has shown that even if literally every single unemployed person in the country were placed in a job, it still wouldn't be enough to fill all the vacant openings. 
  • NYC Launches Its Own Cryptocurrency

    By:
    Chris Gaetano
    |
    Nov 12, 2021
    New York City officially launched its own cryptocurrency yesterday, allowing the municipality to plant its flag in the cryptocurrency world. 
  • Society Awards 2022: Call for Nominations

    By:
    Keith Lazarus, NYSSCPA Manager, Committees and Technical Resources
    |
    Nov 11, 2021
    Certified public accountants throughout New York state give generously of their free time to better their profession and to assist with community causes and projects in the public interest. The NYSSCPA recognizes these volunteer and professional commitments through an awards program designed to highlight outstanding service and to recognize professional development. Seven awards will be presented in 2022 to qualified CPAs who are Society members:
  • Nominations for Society's Board of Directors Due Dec. 31

    By:
    Trusted Professional Staff
    |
    Nov 11, 2021
    Are you interested in serving on the NYSSCPA’s Board of Directors? The Society’s Nominating Committee is accepting submissions of interest by members to fill key leadership positions on the NYSSCPA’s Board of Directors. Terms begin on June 1, 2022. The deadline to submit a nomination is Friday, Dec. 31, 2021. 
  • Conference Speakers: NYS, IRS Have Many Collection Tools Available, But Taxpayers Have Many Protections

    By:
    Chris Gaetano
    |
    Nov 11, 2021
    If someone owes money to the IRS or the New York State Department of Taxation and Finance, there's a wide variety of ways these agencies can get those back taxes. But, at the same time, a pair of speakers at a session on dealing with tax controversy at the Foundation for Accounting Education's Tax and Financial Planning for Individuals Conference Thursday said that before anyone panics, there are also many ways to mitigate the impact and climb out from the hole.