NYCPA News and Blogs

The IRS is Struggling The IRS is asked to do more with less as each year passes. During the COVID-19 pandemic, the strain on…

Taxable income must be computed under the method of accounting regularly used by the taxpayer in keeping its books. An…

On June 3-4, 2021, the IRS released final versions of Schedules K-2 and K-3 for tax year 2021 (2022 tax filing season). Final…

Nearly two years ago, on March 27, 2020, the Paycheck Protection Program (PPP) was created with the enactment of the…

The word is out that the CPA Evolution exam takes effect January 2024. According to the AICPA, the Evolution CPA exam will…

The Tax Cuts and Jobs Act of 2017 (TCJA) added the excess business loss (EBL) limitation under sec 461(l) applicable to…

Tax systems are designed to raise the revenue that is needed to absorb the cost of government operations including the…

In General Credits and Incentives can be very beneficial to companies in all industries, yet credits continue to go…

This article will provide an overview of qualified retirement plan options, their differences, contribution and deduction…