What You Need To Know


 

Upcoming Events and Opportunities

 

 

 

 

What's New at the Society?


 
Unlimited CPE for NYSSCPA Members

Introducing a New Member Benefit!
 
NYSSCPA members now have free unlimited access to CPE courses in our Self Study Course Catalog.
 
"I enjoy the online CPE because it allows for me to stay up-to-date with pertinent accounting issues while studying on my own time. I can pause the sessions and resume at my convenience. I feel the CPE is highly relevant as a majority of the sessions have lecturers who are experts in their field. The online interface that NYSSCPA utilizes is user friendly and allows me to easily sort by topic."
– Greg Kozerski, Jr., NYSSCPA Member

 
 
The New NYSSCPA Career Center

Whether you're an employer looking for your next great hire, or a job seeker looking for your next great opportunity, the NYSSCPA Career Center is here to assist you.

Employers: Post Job Descriptions Here
Job Seekers: View Open Positions Here

 
 
Get Money Smart

The cost of financial ignorance is high.

Check out these materials and consider attending one of our free events to learn more about taxes, credit, debt, budgeting, the basics of investing and learning activities for children.

 
 
The NYSSCPA Technical Helpline

Stumped? Get CPA expertise through the technical helpline!

Email your inquires to technicalhelpline@nysscpa.org.

 

The Latest From Our Publications


Read the Jan/Feb 2025 Issue on


CPAJournal.com

The current business environment places a premium on innovation: new products and services, which can also mean new assets and new forms of operations and financing. As businesses invest in new assets and utilize new structures and processes, accountants and auditors must keep up. Fundamental principles are always the starting point, but accounting for complex new classes of assets (like crypto assets) often requires further contemplation and innovation. Accountants must do their best to provide stakeholders with reasonable numbers while they wait for standards setters and regulators to release definitive guidance.

Read Now »
  • Gen Zers Find New Inspiration to Become Accountants
    Apr 21, 2025
    Although accounting has been seen "as one of America's most boring jobs Gen Z is realizing the perks of becoming an accountant, namely: the six-figure salary and the professional experience and the personal satisfaction gained from helping underserved individuals file their taxes for free.
  • Accounting as a STEM Legislation Reintroduced in U.S. Congress
    Apr 18, 2025
    This week U.S. Representatives Young Kim (CA-40) and Haley Stevens (MI-11) reintroduced a bill that will allow accounting to be recognized as a STEM (Science, Technology, Engineering and Mathematics) field. 
  • Why DEI Is Shifting Into a More Cautious Mode
    Apr 16, 2025
    Diversity, equity and inclusion (DEI) programs may be disappearing from headlines, but that doesn’t mean the work is disappearing from accounting firms.


  • Paul Atkins Sworn In as New SEC Chair
    Apr 23, 2025

    On April 22,  Paul Atkins was sworn into office as the 34th Chairman of the Securities and Exchange Commission. President Donald Trump nominated Atkins on Jan. 20 and confirmed by the U.S. Senate on April 9.

  • Trump Replaces Acting IRS Commissioner
    Apr 22, 2025

    President Donald Trump has replaced the acting IRS commissioner amid increasing turmoil within the tax agency. Deputy Treasury Secretary Michael Faulkender is taking over as acting commissioner, the Treasury spokesperson said. Faulkender replaces Gary Shapley, who only got the job recently.

  • Baker Tilly and Moss Adams Merge
    Apr 22, 2025
    Accounting firms Baker Tilly and Moss Adams have agreed to merge in a transaction worth approximately $7 billion. The combination will create the profession's largest firm that is partly private-equity owned.
  • SEC Might Soon Approve a Novel Fund Model That Lowers Tax Bills for Asset Managers' Clients
    Apr 21, 2025

    revolutionary fund structure that will allow asset managers to decrease their clients’ tax payments while growing their ETF businesses will soon be approved by the SEC. In this innovative fund model, a single share class of a mutual fund would be exchange-traded.

  • Regulatory Roundup: April 15-21
    Apr 21, 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.
  • Leveraging Tax Credits for Energy-Efficient Investments in Local Governments: Opportunities Under the Inflation Reduction Act
    Feb 26, 2025

    The Inflation Reduction Act, enacted in 2022, provides a groundbreaking framework for advancing clean energy initiatives across the United States. This legislation’s primary focus is to incentivize energy-efficient investments through tax credits, including provisions that allow local governmental agencies and other tax-exempt entities to benefit from these incentives via elective pay, also referred to as direct pay. By tapping into these opportunities, local governments can significantly reduce costs while advancing sustainability goals, modernizing infrastructure, and stimulating local economies.

  • Section 174 Amortization and the Current Landscape
    Feb 26, 2025

    Many Americans faced overreaching tax changes with the Tax Cuts and Jobs Act of 2017. Taxpayers’ attention went to items like the Qualified Business Income Deduction, Net Operating Losses, and sweeping tax rate changes across the board. However, an often overlooked change was a revision to Section 174 and the introduction of a new definition for specified research or experimental (SRE) expenditures. This change was not slated to go into effect until the 2022 tax year, and once it arrived, it came with endless taxpayer questions and a lack of federal guidance on implementation.

  • Can a Home Subject to a Mortgage Be Transferred to a Trust?
    Jan 30, 2025

    One of the most common concerns clients have about transferring a home that is subject to a mortgage to an inter vivos trust (a trust created during one’s lifetime) is whether doing so will trigger the due-on-sale (DOS) clause of the mortgage. Most mortgage agreements contain a provision stating that upon the conveyance of property subject to the mortgage, the entire outstanding amount of the mortgage is immediately due and payable to the lender.

     

  • State Tax Considerations When Selling a Partnership Interest
    Jan 30, 2025
    State tax considerations often get short shrift when planning for the sale of a business or investment held in a partnership. That’s not surprising when we compare federal and state tax rates. But sales of partnership interests can be taxable to a corporate or individual nonresident partner in states that the partner has no other connections apart from the activities of the underlying partnership being sold.