NYCPA News and Blogs

CBO ReportCBO’s Long-Term Projections of Gross Federal Debt September 8, 2023 In response to a request from Budget…

The Federal Accounting Standards Advisory Board (FASAB) has proposed updates to the guidance for the management's discussion…

The IRS announced that it will significantly increase its enforcement efforts in tax compliance by turning more attention…

The Federal Reserve Board “has a strong interest in ensuring that any stablecoin offerings operate within an appropriate…

A federal judge has ruled that a provision of a Small Business Administration (SBA) program designed to help historically…

The Financial Accounting Standards Board (FASB) has voted to approve a new rule on cryptocurrency accounting and…

State CPA societies in Minnesota and South Carolina are lobbying their respective state legislatures to abandon the 150-hour…

Repeated IRS warnings about fraudulent Employee Retention Credit (ERC) schemes have not deterred unscrupulous promoters from…

The IRS has issued new guidance on the federal income tax consequences of certain state payments, adding to its previous…